Tax & Accounting Blog

Pennsylvania Introduces Click-Through-Nexus Bill

Pennsylvania Introduces Click-Through-Nexus Bill

On October 3rd the Pennsylvania House introduced HB 14, an affiliate/click-through nexus bill. If the bill is enacted as it is currently drafted, it would expand the definition of “maintaining a place of business in this Commonwealth” for sales & use tax purposes to include the following provisions: – A click-through nexus provision; – A provision … Read More

Understanding FATCA – Part 1 of a 3 Part Series

Understanding FATCA – Part 1 of a 3 Part Series

The Foreign Account Tax Compliance Act (FATCA) was enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act on March 18, 2010. FATCA creates a new information reporting and withholding regime for payments made to certain Foreign Financial Institutions (FFIs) and other foreign entities. FATCA is intended to increase transparency for the IRS with … Read More

Poll Finds Decrease in Overall Tax Collections for Many Cities in 2011

Poll Finds Decrease in Overall Tax Collections for Many Cities in 2011

According to a poll conducted by the National League of Cities which polled finance officers of cities with populations greater than 10,000, sales tax collections are expected to remain flat in 2011 after an 8.4 percent decline in 2010.  Income taxes and property tax collections are expected to decline in 2011. The overall decrease in … Read More