Tax & Accounting Blog

Utah State Tax Commission’s 2013 Property Tax Announcements Includes Delinquent Rates

Utah State Tax Commission’s 2013 Property Tax Announcements Includes Delinquent Rates

Property Taxpayers in Utah will not see a change in the delinquent rate but will have a small increase in personal property tax exemptions.  The Utah State Tax Commission has announced that the 2013 delinquent real and personal property tax interest rate remains at 7%. In addition, the personal property exemption is increased from $3,900 … Read More

Solar Panel Systems Exempt for Commercial Purposes in New York

Solar Panel Systems Exempt for Commercial Purposes in New York

 As of January 1, 2013, the sale and installation of solar energy systems equipment for commercial buildings are exempt from New York state sales taxes.  The sales and installation of these systems for residential purposes have been exempt since 2004.  Municipalities and cities in New York now also have the option to exempt these transactions … Read More

Resolute Forest Products Selects Thomson Reuters to Consolidate its Canadian and US Sales and Use Tax Determination

Resolute Forest Products Selects Thomson Reuters to Consolidate its Canadian and US Sales and Use Tax Determination

New York, January 8, 2013 – The Tax & Accounting business of Thomson Reuters announced today that Resolute Forest Products (http://www.resolutefp.com), has selected ONESOURCE Indirect Tax Determination to be the platform for its Canadian transaction taxes, and sales and use tax determination, calculation, and recording operations.  Full press releaseRead More

Alabama’s Second Annual ‘Severe Weather Preparedness’ Sales Tax Holiday

Alabama’s Second Annual ‘Severe Weather Preparedness’ Sales Tax Holiday

February 22-24, 2013, Alabama will be having their second annual ‘Severe Weather Preparedness’ Sales Tax Holiday.  In 2012 the sales tax holiday was held July 6-8, as legislation permitted, but from 2013 on, the sales tax holiday will be supported in February.  Counties, cities, and Alabama’s few local districts have the option to participate or not, but … Read More

New rules for Roth account conversions in retirement plans

New rules for Roth account conversions in retirement plans

The new American Taxpayer Relief Act, signed by the President on January 2, includes a change for Roth individual retirement accounts in employer plans.  The Act provides that, effective for transfers made after December 31, 2012, in taxable years ending after December 31, 2012, a broader range of amounts in employer-sponsored tax-deferred retirement plans may … Read More