Tax & Accounting Blog

Social Security Number Randomization in Effect

Social Security Number Randomization in Effect

Does Your Organization Need to Update Screening Programs? The Social Security Administration (SSA) has changed the way SSNs are issued.  A new randomization of the assignment of SSNs went into effect on June 25, 2011.  SSNs are now being assigned in a geographically random and non-sequential order.  Thus, for SSNs assigned after June 25 of this … Read More

New Jersey Issues Guidance on Sale of Digital Products

New Jersey Issues Guidance on Sale of Digital Products

The New Jersey Division of Taxation has issued written guidance (Publication ANJ-27) on the applicability of sales tax to the sale of specified digital products as well as to receipts from installing, maintaining, servicing or repairing specified digital products. A specified digital product is an electronically transferred digital audio-visual work, digital audio work, … Read More

The TAX GAP Act: Changes in 1099 Reporting May Be Considered by Congress

The TAX GAP Act: Changes in 1099 Reporting May Be Considered by Congress

There’s always something cooking in Congress that has the potential of affecting Form 1099 reporting, and lately we are keeping an eye on the TAX GAP Act (S. 1289).  Section 401 of the Act would require payers to backup withhold federal tax on several types of reportable payments if the IRS has not provided verification … Read More

Global Tax & US Income Tax Information At Your Fingertips!

Global Tax & US Income Tax Information At Your Fingertips!

Looking for the latest information on all things tax? Your business now has access to expert insight on the best tax tips and expanded coverage of major tax stories worldwide. Whether you’re interested in being informed of timely laws and issues; learning how to implement innovative processes and solutions around your tax operations; or networking with fellow tax … Read More

California BOE Moving Forward with Enforcement of Affiliate Nexus Tax

California BOE Moving Forward with Enforcement of Affiliate Nexus Tax

The California Board of Equalization (BOE) voted 3-2 to move forward with implementation of ABx1 28, an affiliate nexus tax bill, despite the fact that the California Attorney General  has given online retailers permission to begin collecting signatures for a ballot initiative that would overturn the nexus law. At the meeting, the BOE ordered staff … Read More