Tax & Accounting Blog

In an effort to help local businesses House Representative Tom Dermody is determined to push through the Amazon sales tax bill. Currently no online sales tax is charged in Indiana due to a deal made between former Governor Mitch Daniels and Amazon. This deal prevents the collection of online sales tax by … Read More

Penalties which may be imposed by the California Franchise Tax Board (FTB) include penalties for failure to file information returns and failure to furnish correct payee statements. Information about these penalties is sometimes difficult to locate in California FTB publications, but in a recent ruling, state Board of Equalization confirms that late-filing penalties apply to … Read More

 Consumers across the state of Missouri will enjoy sales tax savings of at least 4.225 percent between April 19 through April 25, 2013 on qualifying “Energy Star-certified new appliances”. This sales tax holiday has been in effect since 2008 when it was passed by the Missouri General Assembly. View additional information on this sales tax … Read More

On 10 April China’s State Council announced that it will be expanding its successful Pilot VAT program sooner than had been expected. On 1 August the program, which is currently limited to 12 regions, will go nationwide. The Pilot was implemented last year beginning with Shanghai and followed by 11 more provinces and municipalities including Beijing, Tianjin and … Read More

On 21 February 2013, the European Commission (Commission) referred the United Kingdom to the EU Court of Justice for its application of the reduced VAT rate on the supply and installation of energy-saving materials. Although the VAT Directive (Directive) allows for a reduced rate on the supply of goods and services used in the housing … Read More

Georgia State Legislators have passed a new alternative ad valorem tax on motor vehicles applicable for tax years beginning on or after 01/01/2014. The new legislation allows for certain vehicles covered under the International Registration Plan (IRP) to an annual alternative ad valorem tax which will be collected at the same time as the IRP … Read More