Tax & Accounting Blog

The Tax and Accounting Business of Thomson Reuters Reports 2011 Global Quirky Tax Laws

The Tax and Accounting Business of Thomson Reuters Reports 2011 Global Quirky Tax Laws

Thomson Reuters revealed a sampling of 2011 quirky indirect tax law changes, emphasizing the importance of technology and expertise to help navigate the dynamic sales and use tax landscape. “While some of the changes may seem odd, it highlights just how difficult the sales and use tax process can be,” said Carla Yrjanson, vice president … Read More

Joe Harpaz “40 Under 40” Honoree

Joe Harpaz “40 Under 40” Honoree

Joe Harpaz, Senior Vice President & General Manager, Corporate business of Tax & Accounting was recently recognized by CPA Practice Advisor as a 2011 “40 Under 40” Honoree. This program is designed to highlight young professional leaders that have demonstrated their commitment to innovation and are shaping the future of tax & accounting. Joe was asked … Read More

Understanding FATCA  – Part 2 of 3

Understanding FATCA – Part 2 of 3

The Foreign Account Tax Compliance Act (FATCA) is intended to increase transparency for the IRS with respect to US persons that may be investing and earning US income through non-US institutions.  It is clear that the new FATCA reporting and withholding regime will impact not only processes and procedures designed to mitigate risk and ensure … Read More

Michigan Issues New Pension Withholding Guide and Form MI W-4P

Michigan Issues New Pension Withholding Guide and Form MI W-4P

The Michigan Department of Treasury has issued a new Form MI W-4P (Withholding Certificate for Michigan Pension or Annuity Payments) for 2012 for recipients of retirement payments to fill out and furnish to the payer to use in withholding Michigan personal income tax on distributions. Tax withholding on retirement payments is new for Michigan for 2012 … Read More

Pennsylvania Unveils New Online Sales Tax Policy

Pennsylvania Unveils New Online Sales Tax Policy

The  Department of Revenue issued a bulletin on December 1st announcing its reinterpretation of existing law regarding nexus. In announcing the new policy, state Secretary of Revenue Dan Meuser said the bulletin is intended to clarify laws regarding which businesses must collect sales tax for the state. Under the Pennsylvania Tax Reform Code (TRC), any … Read More