Tax & Accounting Blog

Colorado Springs Expands Tax Breaks to Attract Business

Colorado Springs Expands Tax Breaks to Attract Business

Colorado Springs’ Mayor, Steve Bach, has unveiled a new tax plan for the city featuring tax breaks for companies relocating to or expanding their operations within the city and “commercial aeronautical zone.” These breaks, which Bach called “economic vitality accommodations,” are only intended to be temporary changes to the city’s tax policy. The incentives include rebates for the city’s … Read More

Massachusetts Mayors Form Massachusetts Main Street Fairness Coalition

Massachusetts Mayors Form Massachusetts Main Street Fairness Coalition

There has been a lot of recent news about online retailers, Amazon specifically, beginning to charge sales tax on online purchases within select states.  Massachusetts is not one of those states and a group of Massachusetts governors have developed a coalition, The Massachusetts Main Street Fairness Coalition, to force them to apply sales tax in their state as … Read More

A New Excise Tax May Replace Taxes Lost To a New Energy Tax Exemption in Augusta

A New Excise Tax May Replace Taxes Lost To a New Energy Tax Exemption in Augusta

The city of Augusta recently enacted an exemption on taxes applicable to energy used in the process of manufacturing goods.  This exemption was a big bonus for Augusta manufacturers. It represents a promise to make the state of Georgia more competitive in manufacturing, which will hopefully increase corporate investments and decrease unemployment. Its impact on local … Read More

Soda Tax Wars

Soda Tax Wars

Richmond and Monterey, California, are the latest battlegrounds in the $111 billion soda industry’s fight to defend their near-perfect record of defeating proposed taxes on sugary drinks. In November, voters in these cash-strapped cities will decide whether to pass penny-per-ounce taxes on sugar-sweetened drinks to bolster municipal coffers and “fight obesity.” Approval of this type of … Read More