Tax & Accounting Blog

Maryland Celebrates Presidents Day Weekend With Tax Holiday

Maryland Celebrates Presidents Day Weekend With Tax Holiday

 From Saturday, February 16 through Monday, February 18, shoppers in Maryland will be able to keep an extra 6% in their pockets when they purchase certain qualified Energy Star products.  Among the types of products that would qualify for this exemption include air conditioners, washers, furnaces, heat pumps, standard size refrigerators, compact fluorescent light bulbs, … Read More

Tax Leaders from Global 2000 Companies Say VAT and Sales and Use Tax Compliance Will Be Top Issues in 2013 and Beyond

Tax Leaders from Global 2000 Companies Say VAT and Sales and Use Tax Compliance Will Be Top Issues in 2013 and Beyond

According to a recent Thomson Reuters poll, 88 percent of indirect tax executives have seen an increase in activity by tax authorities in the last two years.  In addition, nearly two-thirds (63 percent) of respondents are spending more time on tax compliance strategy and planning. The poll was conducted in Q4 2012 at the annual … Read More

British Columbia – Video Explains PST Registration Process

British Columbia – Video Explains PST Registration Process

It may not go viral, but the B.C. Ministry of Finance has released an informative new video on YouTube. The video provides step-by-step instructions explaining to businesses how to register online to collect the Provincial Sales Tax (PST) when it goes into effect on 1 April 2013. You can view the video here: www.youtube.com/watch?v=pkxaTpc4YvsRead More

Florida Governor to Propose Exemption of Sales Tax on Manufacturing Equipment

Florida Governor to Propose Exemption of Sales Tax on Manufacturing Equipment

 Florida Governor Rick Scott announced his proposal to exempt sales tax on manufacturing equipment during a visit to the Vistakon manufacturing plant in Jacksonville Wednesday.  While he did not give an idea of how much the state would lose in tax income if the legislature approves the bill, others have estimated it would be in the … Read More