Tax & Accounting Blog

Retailer Discount Tire Selects Thomson Reuters to Consolidate Its Sales and Use Tax Operations

Retailer Discount Tire Selects Thomson Reuters to Consolidate Its Sales and Use Tax Operations

New York, September 12, 2012 – Thomson Reuters announced today that Discount Tire (http://www.discounttire.com), America’s largest tire and wheel retailer, has selected ONESOURCE Indirect Tax Determination to consolidate its sales and use tax determination, calculation, and recording operations. Extensive SAP expertise, access to latest tax data and trusted technology platform among key reasons company chooses … Read More

Glendale Leaders Look at Alternatives to a Sales Tax Increase

Glendale Leaders Look at Alternatives to a Sales Tax Increase

Glendale leaders have begun budget planning in case voters repeal a sales-tax hike meant to help the city pay its bills. Interim City Manager, Horatio Skeete, has asked the Glendale City Council to gather for a public workshop, 12 September 2012, to discuss what should be done if the 0.7 percentage-point sales-tax increase is repealed. City … Read More

ARIZONA GOVERNOR ASSEMBLES A TASK FORCE TO SIMPLIFY TRANSACTION PRIVILEGE TAX

ARIZONA GOVERNOR ASSEMBLES A TASK FORCE TO SIMPLIFY TRANSACTION PRIVILEGE TAX

The new task force in Arizona, assembled to simplify the state’s Transaction Privilege Tax, is holding a public meeting 21 August 2012. The Privilege Tax Simplification Task Force and to the general public that the Task Force will may vote to go into Executive Session, which would not be open to the public, for legal advice concerning … Read More

Estimated Payments: Finally Addressing This Unvalued Activity

Estimated Payments: Finally Addressing This Unvalued Activity

Over the years, many corporations have seemingly not placed the right amount of emphasis on the estimated income tax process. This is mainly due to the lack of an appropriate solution. Instead of recognizing the value of how estimated payments can impact cash management, effectively integrate with the quarterly provision and tax planning, many view … Read More

Some Californians Spend Big Online Before New Sales Tax Begins

Some Californians Spend Big Online Before New Sales Tax Begins

Amazon.com and other Internet retailers will begin collecting sales and use tax on purchases by California residents beginning Saturday 8 September 2012. Seeing the tax increase coming, many tech-savvy consumers are trying to cram in some last-minute tax-free shopping.  Depending on where they live, Californians pay 7.25 to 9.75 percent in sales taxes, making these tax savings … Read More