Tax & Accounting Blog

tax

Taxing the Cloud: Michigan Dept. of Treasury Changes Policy

As software has become less tangible, the application of sales and use taxes has become more complicated. Recently, Michigan’s Department of Treasury released a notice clarifying their policy regarding prewritten computer software delivered electronically after a Court of Appeals ruling on the issue.  See Auto-Owners Inc. Co. v. Dept. of Treas., 2015 WL 6473592 … Read More

Texas Adds Three Combined Tax Areas Effective January 1st 2016

Texas Adds Three Combined Tax Areas Effective January 1st 2016

Effective January 1st, the following three combined tax areas are recognized by the state of Texas: Forney/Kaufman County Development District Killeen/Salado Public Library District Niederwald/Caldwell Hays Emergency Services District No. 1-A This brings the total number of combined tax areas in the state of Texas up to 40. Combined tax areas are “unique areas where … Read More

Congress Passes PATH Act

Congress Passes PATH Act

On December 18th, President Obama signed into law the eponymous Protecting Americans from Tax Hikes Act of 2015 (PATH). PATH extends several taxpayer-friendly provisions, makes some credits permanent, and delays some less ‘jolly’ provisions (while enacting some Scrooge-ish provisions of its own). This is a relatively large bill affecting many tax provisions; however several key changes … Read More