COST Publishes Best & Worst of State Tax Administration Scorecard

Posted on March 16, 2014. Category: Tax Publications

The Council on State Taxation (COST) recently published their fifth annual scorecard on the Best & Worst of State Tax Administration.  Maine and Ohio take top honors as “A” rated states. California and Louisiana come in last with D minuses, and Pennsylvania showed the most improvement in 2013, moving from a D to an A minus.The key factors COST reviewed included:Appeals Process •    Fair appeals forums which include true independence  •    No requirement to pay or post bond prior to hearing  •    Record for appeals... Read More

ADD Changes for Aluminum Extrusions

Posted on March 12, 2014. Category: Trade Publications

US Customs and Border Protection (CBP) modified Anti-Dumping Duty order (ADD) A570-967 on February 24, 2014. The changes extend the scope of the order to include additional parts and types of products. This modification to the order may require importers to provide additional information upon import. Anti-Dumping case A570-967 is specifically directed at imported aluminum extrusions from China. Unless the product being imported falls under one of the order’s exceptions, the duty will apply. Exceptions are allowed for extruded aluminum of a series (designation of the alloy composition) that does not start with a 1, 3, or 6, as well... Read More

Decision to Strike Down Colorado’s “Amazon Law” Thrown Out by Tenth Circuit

Posted on March 06, 2014. Category: Tax Publications

Background Colorado established a sales tax law (Colo. Rev. Stat. §39-21-112(3.5)) requiring any retailer selling $100,000 or more of products to customers located in Colorado who does not collect and remit sales tax in Colorado to: 1) Notify the purchaser of their obligation to report and pay use tax,  2) File an annual report detailing purchases of more than $500 per year and the related customer information, and  3) Advise these customers that this purchase summary will be provided to Colorado’s Department of Revenue.All of this could be avoided if retailers opted to collect and remit tax from... Read More

What Are Your Chances Of Getting a Sales and Use Tax Audit?

Posted on March 02, 2014. Category: Tax Publications

Three Main Criteria Every company “doing business” in a sales tax jurisdiction, whether registered or not, could potentially get audited.  There are three main criteria that greatly increase your company’s odds:1) A high ratio of exempt sales.  If you are consistently reporting a high ratio of exempt sales, it means you’d better have a good exemption certificate management process in place.  States like to catch companies who don’t.  Not only should you be collecting these certificates, but also they need to be validated for accuracy, updated when expired,... Read More

Internal Revenue Service Appoints New Deputy Commissioner

Posted on March 01, 2014. Category: Tax Publications

New Commissioner The Internal Revenue Service announced on August 26, 2013 the appointment of a new Deputy Commissioner for Services and Enforcement.   John M. Dalrymple has been with the IRS for 31 years and started his new role on September 16, 2013.  He has previously served as IRS Deputy Commissioner for Operations Support from 2003-2006.  This position is a career civil service position reporting directly to the IRS Commissioner.Functional Role As the Deputy Commissioner for Services and Enforcement, Mr. Dalrymple will oversee nine operating divisions or offices: •    Wage & Investment Division •    Large Business... Read More

California Manufacturing Exemption

Posted on March 01, 2014. Category: Tax Publications

In an effort to drum up business development in the Golden State, California sales and use tax will be exempted from the gross receipts of businesses that sell, use, or consume tangible personal property (TPP) via manufacturing, processing, refining, fabricating, research and development, certain contracting usage, and sale or purchase of bio-technology equipment. The exemption aims to eliminate the 7.5% California state sales and use rate for taxpayers and promote business development for the next near-decade.  It’s important to mention that other taxes may still apply on these transactions.  These sales are not exempt from local California... Read More

Consumer Use Tax – A Primary Target of Auditors?

Posted on February 16, 2014. Category: Tax Publications

Even though your business may have a good handle on charging its customers the correct amount of sales tax on all taxable transactions, your business purchases may not face the same amount of scrutiny.  This gap may lead to problems.  In fact, California found that for the 2011-2012 sales and use tax period audited, failure to pay consumer use tax was the number one issue for taxpayers.What Is Consumer Use Tax? Consumer use tax is simply the tax on purchases when sales tax is due but not collected.  Because it is triggered by the absence of... Read More

2014 Logistics Outlook

Posted on January 20, 2014. Category: Logistics Publications

Every year we receive several publications that provide insights into industry forecasts from several angles regarding various transport modes.  Similarly, every year we get approached by customers seeking information into what is expected to happen with the transportation industry in the new year.    To this end, this year we decided to compile notes from several sources with the intention to create a brief summary for you about what experts predict to be the trends in transportation for 2014.Global Economy Overall, Trade is expected to pick up in the coming months, although not at a staggering pace.   ... Read More

2014 Logistics Outlook

Posted on January 12, 2014. Category: Logistics Publications

Every year we receive several publications that provide insights into industry forecasts from several angles regarding various transport modes.  Similarly, every year we get approached by customers seeking information into what is expected to happen with the transportation industry in the new year.    To this end, this year we decided to compile notes from several sources with the intention to create a brief summary for you about what experts predict to be the trends in transportation for 2014.Global Economy Overall, Trade is expected to pick up in the coming months, although not at a staggering pace.   ... Read More

New York Readopts Emergency Rule to Enact Excelsior Jobs Program

Posted on December 26, 2013. Category: Tax Publications

The Department of Economic Development has readopted emergency rule 5 NYCRR Parts 190 through 196, effective November 13, 2013, to implement the Excelsior Jobs Program. This program adds definitions, procedures to claim the credit, and incorporates other changes and amendments to strengthen the program. Excelsior Jobs Program In a Nutshell The Excelsior Jobs Program of New York provides incentives to these targeted industries: biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture and manufacturing. There are four tax credits available to firms in these industries if they meet requirements related to creating and maintaining new jobs and/or making significant financial investments in... Read More

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