Tax & Accounting Blog

County Assessors in Tennessee are now permitted to require electronic filing for tangible personal property

County Assessors in Tennessee are now permitted to require electronic filing for tangible personal property

Tenn. Code Ann. §67-5-902 has been amended, adding a new subsection that allows the following: With the director of property assessments approval, county assessors may require electronic filing for tangible personal property schedules. For any year electronic filing is required by the county, the filing deadline is extended to April 15th. Tangible personal … Read More

onesource

European Commission Issues Economic Policy Recommendations

The European Commission released policy recommendations on Monday June 2, 2014  for 26 EU member states. The recommendations are designed to strengthen the economic recovery of the last year, and include country-specific recommendations. The Commission identifies areas of progress including an expectation that all EU economies will grow in 2015, an overall improvement in public finances … Read More

Calculating Sales Tax on Mobile Food Vendors is not a Dessert Truck Piece of Cake

Calculating Sales Tax on Mobile Food Vendors is not a Dessert Truck Piece of Cake

The California Board of Equalization recently issued Publication 287  which discusses Mobile Food Vendors.  Reviewing the publication reminds me how challenging sales and use tax administration can be for a mobile vendor. The sales tax rate to be charged is based on the location where the sale is made.  This can be challenging … Read More

Update to California Section 410 Assessment of Newly Constructed Property

Update to California Section 410 Assessment of Newly Constructed Property

On May 22, 2014, the California State Board of Equalization adopted a new section for the Assessors’ Handbook: Section 410, Assessment of Newly Constructed Property. The new section is a compilation of information included in the Revenue & Taxation Code statutes, property tax rules, and court cases as they relate to newly constructed … Read More

Sales Tax Burden Stays Flat for U.S. Consumers and Businesses in Q1 2014

Sales Tax Burden Stays Flat for U.S. Consumers and Businesses in Q1 2014

New York – U.S. sales tax burden stayed flat, and indirect tax changes declined in the first quarter of 2014, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. Thomson Reuters quarterly ONESOURCE Indirect Tax rate report summarizes changes in sales, use and value added taxes. In Q1 2014, state … Read More