Tax & Accounting Blog

Connecticut Governor Issues Another Executive Order Due To Hurricane Sandy

Connecticut Governor Issues Another Executive Order Due To Hurricane Sandy

Due to Hurricane Sandy, Connecticut Governor Dannel Malloy has issued Executive Order 26 dated October 31, 2012, which extends the tax filing deadline from October 31, 2012 to November 15, 2012 for those that pay property taxes on a quarterly basis. Municipalities may not assess interest on the amount due if the payment is received … Read More

Arizona Rejects Permanent Sales Tax Increase

Arizona Rejects Permanent Sales Tax Increase

Voters in Arizona rejected Proposition 204, which would have permanently increased the state sales tax by 1%, and benefited the school systems.  This permanent increase would have effectively replaced the existing 1% temporary sales tax increase, which will expire May 31, 2013. Source: http://azdailysun.com/news/local/state-and-regional/sales-tax-hike-for-schools-defeated/article_3d870892-aeab-53d7-9991-3aeb14d3c893.htmlRead More

Webcast: ONESOURCE Indirect Tax: Understanding Nexus to Avoid Unexpected Liability

Webcast: ONESOURCE Indirect Tax: Understanding Nexus to Avoid Unexpected Liability

Join Nicole Huberty, Lead Legal Analyst for Thomson Reuters, on November 8th, 2012, 10AM PT / 1PM ET for this nexus web presentation. Topics include: * The legal definition & background of nexus * Types of activities and the level of activity that creates nexus * How states will monitor your nexus and what to do … Read More

Illinois Targets Gas Stations That Cheat on Sales Taxes

Illinois Targets Gas Stations That Cheat on Sales Taxes

Illinois has been investigating gas station owners who withhold sales tax revenue for multiple-years. These efforts are beginning to pay big dividends for the state.  So far, the state has collected $72 million dollars in additional sales tax revenues, as a result of this project. They are currently charging 35 different gas station owners with sales tax evasion. … Read More