Tax & Accounting Blog

Santa Cruz Approves Hotel Tax Increase

Santa Cruz Approves Hotel Tax Increase

                                                  The Santa Cruz City Council voted in favor of increasing local lodging taxes on Tuesday, July 24th. The council approved a measure that will ask voters to increase the city’s transient occupancy tax from 10 to 11 percent on the November 6th voter’s ballot.  Hotel owners endorsed the one percent increase, with a promise … Read More

Louisiana Proposes Exemption For Non-Manufacturing Businesses

Louisiana Proposes Exemption For Non-Manufacturing Businesses

In November, Louisiana businesses that are considered non-manufacturing face changes under a proposed constitutional amendment contained in L. 2012, H674. The proposed  amendment would authorize the State Board of Commerce and Industry to grant ad valorem tax exemption contracts to targeted non-manufacturing businesses located in parishes that choose to participate in a program established for the granting … Read More

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Taxes In The Boardroom

With increased regulation, a heavy state and local tax burden, and election uncertainty, today’s corporate boards are increasingly focused on tax risk management. Ultimately, it is the board with oversight of the company’s tax policies and actions. As a result,  boards are adding skilled tax resources to its seats. Because tax issues have material impacts on earnings and … Read More

Final Regs Detail Bank Deposit Interest Reporting for Nonresident Aliens

Final Regs Detail Bank Deposit Interest Reporting for Nonresident Aliens

On April 17, 2012, the IRS issued final regs that require information reporting for interest on deposits maintained at U.S. offices of certain financial institutions and paid to nonresident alien individuals resident in countries with which the U.S. has in effect an information exchange agreement (as listed in Rev. Proc. 2012-24, which has been issued … Read More