Tax & Accounting Blog

Rhode Island Increases Taxes on Transportation Services

Rhode Island Increases Taxes on Transportation Services

Beginning 1 October 2012, Rhode Island’s 7 percent sales and use tax will apply to taxicab, limousine, charter bus, and all other ground passenger transportation services. The tax shall apply to point-to-point ground transportation, but does not apply scenic or sightseeing tours. This tax expansion was actively fought against by the Taxi Owners Association of … Read More

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Thomson Reuters Automated Estimated Payments for Corporate Tax Professionals

Did you know that in a recent poll  of 230+ corporate tax professionals, 31% said thier biggest challenge around estimated payments was that they are way too dependent on error-prone Excel spreadsheets?  Coming in as the second biggest challenge – with 29% response rate, was that process was too time-consuming. As we announced last month in our post Read More

IRS Revenue Ruling highlights expense payments which cannot be tax-free

IRS Revenue Ruling highlights expense payments which cannot be tax-free

Revenue Ruling 2012-25 from the Internal Revenue Service describes three plans which companies set up to provide expense reimbursements to employees, with the payments treated as outside of the wage stream and therefore paid without any tax deductions and not reported on the employees’ W-2 forms.  But under IRS scrutiny, all three plans failed the … Read More

Chesterfield Outlet Mall Aims at an Early Opening for the 2013 Sales Tax Holiday

Chesterfield Outlet Mall Aims at an Early Opening for the 2013 Sales Tax Holiday

One of the developers racing to build rival outlet malls in Chesterfield, Missouri has accelerated its construction schedule. Taubman Centers Incorporated announced that its new outlet mall under construction in Chesterfield will open nearly three months earlier than previously planned. The mall will now be completed and opened, 2 August 2013 in order to be … Read More