Georgia 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...
Read MoreTennessee Rulings Regarding Software & Services
March 15, 2016.
Tax Publications
A recent ruling by the Tennessee Department of Revenue states sales of information services, electronic storage services, electronic delivery services and payment services are nontaxable. The Department of Revenue has also ruled that the seller is not obligated to collect sales tax on a sale of remotely accessed software if...
Read MoreFind Out the Latest Trends in Tax
February 17, 2016.
Tax Publications
What’s shaping the Tax industry in 2016? Comparing the 2016 Presidential Candidates’ tax reform proposals The 2016 Presidential Campaign has surfaced many different issues for Americans. Our tax policy is a hot topic for many of the debates. Are you up to date on the many different proposals...
Read MoreMichigan Changes Policy on Cloud Software
February 04, 2016.
Tax Publications
On January 6, 2016, the Michigan Department of Treasury issued a change in its policy concerning sales and use taxation on remotely accessed prewritten computer software. The change comes after years of litigation in the Michigan courts. The Michigan Court of Appeals made their ruling after hearing Auto-Owners Insurance Company...
Read More2015 Louisiana Tax Amnesty
November 17, 2015.
Tax Publications
A tax amnesty program is being offered by the Louisiana Department of Revenue during the period of November 16, 2015 through December 15, 2015. The Louisiana Tax Delinquency Amnesty Act of 2013 allows eligible taxpayers to qualify for the amnesty program. The press release issued November 3, 2015 by the Louisiana Department of Revenue indicates...
Read MoreSales Tax Changes in 2016
November 17, 2015.
Tax Publications
Chicago will once again have the highest sales tax rate of any major US city starting January 1, 2016. The rate will spike from 9.25% to 10.25%. The rate hike is due to the increase in county sales tax. The Cook County Board narrowly approved the increase to restore financial health...
Read MoreNew York State Franchise Tax Rate Changes for 2014 and Beyond
September 16, 2015.
Tax Publications
Part of the sweeping corporate franchise tax changes New York Governor Andrew Cuomo signed recently impacted the tax rates. This article will illustrate the rate changes that were impacted. Type of New York Businesses New York Article 9-A designates three classes of corporations for tax rate purposes: • ...
Read MoreThe Buzz about IRC § 7874
September 11, 2015.
Tax Publications
IRC § 7874: Rules relating to expatriated entities and their foreign parents. The recent corporate inversion transactions of many large US corporations has resulted in much discussion and controversy relating to IRC § 7874. A corporate inversion, also referred to as a tax inversion, is a transaction in which an organization is...
Read MoreSales Tax Reform May Not Be Seen Until 2017
September 08, 2015.
Tax Publications
Two sales tax reform bills have been introduced to Congress this year: the Marketplace Fairness Act and the Remote Transaction Parity Act. The Marketplace Fairness Act (MFA) passed the Senate in 2013 but did not make it through the House Congressional session that ended in 2014. It was reintroduced...
Read MoreFour States Offer Tax Amnesty
June 09, 2015.
Tax Publications
State Tax Amnesty From time to time, various states may offer a period of tax amnesty during which taxpayers may come forward and register with a state for sales tax and remit without penalty and/or interest. The amnesty programs generally run for a limited period of time and...
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