Tax & Accounting Blog

Thomson Reuters Survey Reveals 80 Percent Increase in Indirect Tax and VAT Audit Activity

Thomson Reuters Survey Reveals 80 Percent Increase in Indirect Tax and VAT Audit Activity

New York, May 4, 2011 – A Thomson Reuters survey conducted with global companies showed that despite an 80 percent perceived increase in audit activity, less than half of companies (48 percent) automate the entire indirect tax process — from tax preparation to remittance and recovery. The automation process is a critical component of achieving … Read More

Connecticut Budget Proposal Includes Amazon Tax

Connecticut Budget Proposal Includes Amazon Tax

Connecticut Governor Dannel Malloy (D) and Connecticut General Assembly Democratic leaders have agreed on a revised budget plan which includes several items affecting the sales and use tax. The governor’s revised budget would: 1) Restore some sales and use tax exemptions that were originally proposed for elimination 2) Restore the August sales tax holiday and … Read More