Tax & Accounting Blog

Taxpayers affected recently by the fertilizer plant explosion can request an extension to up to 90 days to file any state tax due during the month of April. To request a tax filing extension, call the Comptroller’s office in Austin at 1-800-252-5555. … Read More

Under new legislation passed by the Kentucky Legislature and signed by Governor Steve Beshear on March 21, state government will implement a new business identification system in which a business will be assigned a single identifying number. HB 343 created a new section of Chapter 14, Kentucky Revised Statutes, to require the Kentucky One-Stop … Read More

If your summer plans include chartering a yacht in the Côte d’Azur you will want to book now to avoid paying VAT on these contracts. Over the weekend the EU Commission decided to delay a decision on the legality of French proposals for a VAT exemption on charter contracts. Until a decision is reached, which is not … Read More

Minister of Finance Yair Lapid has submitted a budget proposal which contains a number of tax related provisions including a 1% increase in the VAT rate (to 18%) as well as the removal of exemptions for fruits and vegetables. On the basis of 2012 figures, the Ministry of Finance estimates that … Read More

This concerns a piece of federal legislation called the Marketplace Fairness Act. The Marketplace Fairness Act gives states the power to compel retailers outside their borders to collect sales tax on online sales that are delivered to the state. Currently, states can only require merchants with a physical presence (nexus) within their borders … Read More

Withholding and reporting on payments to foreign employees, students, and scholars are not simple. In addition to the rules and procedures for special withholding and reporting, there are also immigration- and tax treaty-related rules and procedures to follow to ensure compliance. ONESOURCE Nonresident Alien Taxation from Thomson Reuters offers a series of educational webcasts to … Read More