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Consumer Use Tax – A Primary Target of Auditors?

February 16, 2014.
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...

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New York Readopts Emergency Rule to Enact Excelsior Jobs Program

December 26, 2013.
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...

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Are CFO’s Overlooking Free Money?

December 13, 2013.
Tax Publications

Knowledge of Tax Credits & Incentives Lacking among CFO’s A recent survey conducted by Ernst & Young found that there is a large gap between what a business’ tax executives know about incentives and what its CFO knows.  CFO Magazine indicates that 36 percent of the respondents...

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Sales Tax Voluntary Disclosure Agreements

December 10, 2013.
Tax Publications

Oops!  You’ve just started at a business and determined that they have had nexus in a jurisdiction for years but never registered or collected sales tax there.  What do you do?  Fortunately, most states allow for a voluntary disclosure agreement (VDA) to entice companies to...

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California BOE to Visit Retailers

March 29, 2013.
Tax Publications

If you are a retailer in California, you may be getting a visit from the California Board of Equalization SCOP (Statewide Compliance and Outreach Program) teams.  In a recent news release, the BOE stated that some 9,688 business owners in select zip codes will be affected. The purpose of the...

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Virginia – When is Idle Equipment Idle?

June 13, 2012.
Tax Publications

If you are a business in Virginia with idle (not in use) machinery and equipment, you may be eligible for a business tangible property tax exemption on such equipment.  Knowing the process for declaring idle equipment will save you time and money but only if you plan ahead. Virginia...

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Pennsylvania Remote Sellers – Got Nexus?

March 13, 2012.
Tax Publications

The Pennsylvania (PA) Department of Revenue (DOR) is reminding retailers who have nexus (i.e. presence, connection) with the Commonwealth to collect PA sales tax, including sales made via the internet, catalog, and telephone.  PA has long imposed a sales tax on each sale of tangible personal property (TPP)...

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California Local Sales & Use Tax Rates Change

March 13, 2012.
Tax Publications

State Board of Equalization announced local sales and use tax rate increases The California State Board of Equalization has announced increases to a number of local sales and use tax rates effective October 1, 2012. Of the eight counties listed, all experienced an increase in rates.  Rate changes ranged from 0.25% to 1%...

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