Trump’s Wall: Border Tax Talk
February 01, 2017.
Tax Publications
After just over a week in office, President Donald Trump has been busy issuing executive orders across a number of platforms. One priority as evidenced during his campaign is on building “the wall” between the US and Mexico to reduce the influx of undocumented immigrants. Mexico...
Read MoreThe Virginia Research and Development Exemption
December 16, 2016.
Tax Publications
Many companies take advantage of the Virginia Sales and Use Tax Research and Development Exemption. The exemption is applicable to tangible personal property purchased for use or consumption directly and solely in research and development. Some examples of exempt products are chemicals, equipment, machinery, supplies, fuel and...
Read More2017 Pennsylvania Tax Amnesty Program
December 15, 2016.
Tax Publications
The Pennsylvania Department of Revenue has announced a Tax Amnesty Program that will be offered from April 21 to June 19, 2017. This program assures participants that half of any applicable interest and all penalties will be waived. This program offers the opportunity for taxpayers to resolve tax related liability or...
Read MoreSales Tax Changes in 2017
December 15, 2016.
Tax Publications
There are numerous tax changes on the horizon with implications affecting many taxpayers. The following summary briefly outlines a few of the most significant changes. Tennessee has enacted new economic nexus regulations. Affected out of state sellers with no physical presence are required to register with the state...
Read MoreNC Water Ports’ Purchases May Be Allowed Retroactive Sales Tax Exemption
September 28, 2016.
Tax Publications
The North Carolina governor approved an amendment to N.C. Gen. Stat § 105-187.51B(a)(5) on July 14, 2016, that applies a privilege tax for specific purchases made by a company residing at a North Carolina water port that purchase “specialized equipment to be used at the facility to unload...
Read MoreThe Price Tag of Olympic Gold
August 19, 2016.
Tax Publications
As Olympians wrap up competition in the 2016 Summer Olympics in Rio de Janeiro Brazil, a tax bill may be waiting for them back in the United States. Unlike most other countries, the US taxes the winnings of its Olympians. This includes a tax on the gold, silver, or...
Read MoreStates Attempt to Force Retailers’ Hands
June 29, 2016.
Tax Publications
As internet sales continue to increase each year, jurisdictions realize they are losing out on a major source of revenue in the form of sales tax. With the push from state and local governments increasing, the United States Senate has agreed to hold a vote in late 2016 on whether jurisdictions...
Read MoreSimplified Exemption Process for Nonprofit Organizations
June 29, 2016.
Tax Publications
New for 2016 and available in Florida is Form DR-5 (Application for a Consumer's Certificate of Exemption). This application is available on the Florida Department of Revenue’s website. It is intended to expedite the process for establishing whether companies are exempt from paying tax on purchases. Florida Exemption...
Read MoreResale Certificates: 101
June 27, 2016.
Tax Publications
Resale certificates can go by a number of different names: Reseller‘s Permit, Resale License, Resale Exemption Certificate, etc. Whatever name the document goes by, the function of it is to allow retailers to buy products without paying sales tax. Resale certificates cannot be used for...
Read MoreGeorgia Ruling on Contractor Purchases
May 23, 2016.
Tax Publications
In September 2015, the Georgia Department of Revenue (DOR) issued Letter Ruling: LR SUT-2015-12 that states a contractor purchasing materials to be incorporated into real estate as part of a contract owes state and local tax on the purchases. The ruling includes instances when the final destinations of the fabricated...
Read MoreSOLAS Update on Container Weight Requirement
April 04, 2016.
Logistics Publications, Tax Publications
On July 1, the SOLAS container weight rule will go into effect making it a violation of SOLAS to load a packed container onto a vessel, to which SOLAS applies, without proper weight verification. With just three months to go there is desperation within the industry as to the specifics of...
Read MoreMassachusetts 2016 Tax Amnesty Program
March 15, 2016.
Tax Publications
The Massachusetts Department of Revenue has advised that a tax amnesty will be available to businesses and individuals who are currently non-registrants, non-filers or under reporters. This is an opportunity to report and remit taxes owed with penalties being waived. The amnesty will also apply to those presently under...
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