Tax & Accounting Blog

Government Entities: One Step Closer to Repeal of the Law that Requires 3% Withholding on Vendor Payments

Government Entities: One Step Closer to Repeal of the Law that Requires 3% Withholding on Vendor Payments

The United States Senate joined the House of Representatives in passing H.R. 674 to repeal the 3% withholding requirement that is currently scheduled to begin in 2013 for vendor payments made by federal, state and local governments and their agencies and instrumentalities.  The Senate action puts us one step closer to repeal of the 3% withholding … Read More

What If You Could Cut Out a Full Day of Data Entry?

What If You Could Cut Out a Full Day of Data Entry?

In this newly released case study, the global leader in technology protection services reveals what steps they took to free up a significant amount of time around their complex state calculations so they can now focus more on analysis and enjoy some work-life balance.   When faced with challenges such as growing workload and over-reliance on manual … Read More

Indiana Updates Sales Tax Information Bulletins

Indiana Updates Sales Tax Information Bulletins

The Indiana Department of Revenue updated several of their Sales Tax Information Bulletins this month including Bulletin #8. Bulletin #8, which has undergone substantial changes, discusses the application of Sales Tax to the sale, lease or use of computer hardware, computer software, and digital goods. New to this version is an explanation of the state’s … Read More

IRS Releases New FAQs to Help Payers Understand the New Tax Reporting of Form 1099-K (I.R.C. Section 6050W)

IRS Releases New FAQs to Help Payers Understand the New Tax Reporting of Form 1099-K (I.R.C. Section 6050W)

The IRS has revised and updated the Frequently Asked Questions (FAQs) posted on the IRS website for payers who need to know about Form 1099-K reporting.  The updated FAQs are at http://www.irs.gov/newsroom/article/0,,id=249029,00.html. They cover developments as recent as the postponement of the start of backup withholding on Form 1099-K payables (to the beginning of 2013 instead … Read More

Fernando Calvo Awarded Master of Corporate Real Estate Designation

Fernando Calvo Awarded Master of Corporate Real Estate Designation

Fernando Calvo was awarded the Master of Corporate Real Estate (MCR) designation from CoreNet Global.  According to the CoreNet Global website, the MCR designation provides essential skills that focus on critical business issues and the mission of the corporate real estate (CRE) organization in relation to corporate goals. This designation communicates special competence and … Read More