Tax & Accounting Blog

Virginia Amended Exemption To Include Solar Energy

Virginia Amended Exemption To Include Solar Energy

Virginia state officials recently passed Bill S418, which amends §§58.1-3660 and 58.1-3661. These statutes have been expanded to include solar energy in the definition of “pollution control property.” Effective January 1, 2015, businesses owning or using solar energy equipment, devices, or facilities are also exempt from real and personal property taxes. Such equipment … Read More

Complexities of the Food & Beverage Industry

Complexities of the Food & Beverage Industry

Join us on April 29, 2014 at 10:00AM PDT (1:00PM EDT) as a subject matter expert from Thomson Reuters ONESOURCE Indirect Tax, discusses the sales and use tax complexities of the food and beverage industry. Discussions will include: • Who is subject to food & beverage taxes? – It’s not just for restaurants anymore • How does … Read More

Alabama Act 415

Alabama Act 415

In efforts to make Alabama “the most business-friendly state in the country,” as recently stated by Alabama House Speaker Mike Hubbard to the Business Council of Alabama (BCA), the state legislature just passed Act 415. This act, co-sponsored by Hubbard and Rep. Greg Wren, requires the Department of Revenue to develop a standardized … Read More

Alabama Electronic Filing Returns and Repeal of Delinquent Payments

Alabama Electronic Filing Returns and Repeal of Delinquent Payments

Alabama Department of Revenue has recently enacted an electronic filing program. Ala. Admin. Code § 810-3-29-.06 has been added to existing legislation to provide guidelines for this tax program. Some of the provisions include the following: Any taxpayer or business in good standing with the Federal Electronic Filing Program is automatically accepted in … Read More