Tax & Accounting Blog

States Getting Serious About Swapping Income Tax For Sales Tax

Kansas and Missouri are leading the charge to eliminate state income tax, and replacing it with a more broad-based sales tax.  Opponents say this will unfairly shift the tax burden from the wealthy onto the middle class and create an even larger revenue gap in already hurting states, while supporters believe this will provide employers … Read More

FATCA Survey – Expected Cost Increases and Challenges

FATCA Survey – Expected Cost Increases and Challenges

Finance and tax executives in the banking industry expect compliance costs to increase significantly as a result of the Foreign Account Tax Compliance Act (FATCA) and say they will face numerous challenges trying to comply with the legislation given its broad scope and expanded reporting and monitoring requirements, according to a survey from KPMG LLP. … Read More

Are You Prepared to Face Simultaneous Audits?

Global audits are on the rise and tax laws are becoming increasingly complex. A recent Thomson Reuters survey showed across the board, the number of tax audits has increased: Globally, indirect tax audit activity is up 80% IRS audits are up 15% US state & local income tax audits are up 10%  Key audit risk … Read More

ONESOURCE Property Tax at ICSC Florida Conference 2011

 ONESOURCE Property Tax will be exhibiting at the upcoming ICSC Florida Conference 2011 from August 21 – 23, 2011 in Kissimmee, FL at the Gaylord Palms Resort & Convention Center. According to ICSC’s website, ICSC’s Florida Conference is the largest annual, networking, educational and Deal Making retail event held in the state. Attendees can visit … Read More