Tax & Accounting Blog

YOUR QUESTIONS ANSWERED #3: SIC CODES AND THE INHERENT RISKS OF CONDUCTING IP ANALYSIS

YOUR QUESTIONS ANSWERED #3: SIC CODES AND THE INHERENT RISKS OF CONDUCTING IP ANALYSIS

For the third week, we’re addressing FAQs from our recent webcast “SIC Codes: Inherent Risks When Conducting IP Analyses.”  So far, we’ve responded to questions that came in from leaders such as licensing filing from the US SEC and why analysts still use SIC codes.  This week, we’d like to share another frequently asked questions on the complex topic of SIC Codes. … Read More

Amazon.com Will begin Collecting Sales Tax in Pennsylvania

Amazon.com Will begin Collecting Sales Tax in Pennsylvania

A spokesperson from Amazon.com Inc. stated Wednesday, that the company will start collecting Pennsylvania sales tax on orders that are shipped to the state.  This will begin 1 September 2012.  Previously, the online retail giant had refused to register to collect Pennsylvania’s 6 percent sales tax, claiming that did not hold nexus in that state. … Read More

Federal per diem expense allowance updates effective October 1, 2012

Federal per diem expense allowance updates effective October 1, 2012

The federal per diem expense allowance rates for 2013, effective beginning October 1, have been issued in GSA Bulletin 13-01.  The standard lodging per diem rate of $77 will continue to remain in effect for the period of federal fiscal year 2013, October 1, 2012, through September 30, 2013.  The meals and incidental expense (M&I) … Read More

New Law in Maine Includes an Attack on Sales Tax Cheating Software

New Law in Maine Includes an Attack on Sales Tax Cheating Software

Maine is changing its laws to create new penalties for several different legal infractions.  One of the groups targeted by the law are sales tax cheats, who use software programs known as “tax zappers.” These tax-evading software programs are installed through flash drives in order to  falsify electronic sales records, so cash-heavy businesses can under-report their total … Read More