Tax & Accounting Blog

State-by-State Reciprocity Agreements

State-by-State Reciprocity Agreements

Let’s talk reciprocals. Reciprocity agreements mean that two states allow its residents to only pay tax on where they live—instead of where they work. For instance, this is particularly important to higher wage earners who live in Pennsylvania and work in New Jersey. Pennsylvania’s top rate is 3.07%, while New Jersey’s top rate is 8.97%. … Read More

Partner Summit Series: Leading Your Firm to Success

Partner Summit Series: Leading Your Firm to Success

This year, Thomson Reuters held its ninth annual Partner Summit series—seven events across the United States where we share best practices with the 65 attendees at each location. As we wrap up another summer, we’d like to share with you some insights from one of the key presentations that came out of this year’s summits. … Read More

Same Day ACH is Almost Here

Same Day ACH is Almost Here

On September 23, 2016, Same Day ACH becomes a reality. Let’s take a few minutes for a refresher. The Electronic Payments Association (NACHA, previously the National Automated Clearing House Association) has adopted a rule to move payments faster by enabling same day processing for ACH payments. Currently, NACHA moves money between financial institutions with … Read More