Tax & Accounting Blog

Goose Creek South Carolina Hospitality Tax

Goose Creek South Carolina Hospitality Tax

The city of Goose Creek, South Carolina, has enacted a new hospitality tax of 2% effective January 1, 2014.   The new tax is controversial, with many residents questioning why the city council decided to adopt a new tax without mentioning a clear objective for the new tax revenue. Others are hoping that the revenue … Read More

January 2014 Sales & Use Tax Rate

January 2014 Sales & Use Tax Rate

Rate Changes Alabama: Excel 2.0%; Excel Police Jurisdiction 1.0%; Flomation 4.0%; Flomation Police Jurisdiction 2.0%; Munford 5.0%; Munford 1.0%    (For Agricultural and Manufacturing); Coaling 3.0%; Coaling Police Jurisdiction 1.5%; Eufaula 4.0%. Alaska: Wasilla Tiered Rate 3.0% Invoiced Amount up to $500.00. Arizona:  Buckeye Graduated Rate: 3.0%; Item Amount up to $1999.99 per Item; Phoenix 1.0%. Arkansas: Barling 0.0%; … Read More

Thomson Reuters ONESOURCE Indirect Tax Successfully Completes SSAE16 and ISAE 3402 Examinations

Thomson Reuters ONESOURCE Indirect Tax Successfully Completes SSAE16 and ISAE 3402 Examinations

NEW YORK, January 8, 2014 – The Tax & Accounting business of Thomson Reuters announced today that it has successfully completed SSAE16 Type 2 and ISAE 3402 examinations for its ONESOURCE Indirect Tax research and content subscriptions services, and its VAT compliance process.  Conducted by an independent CPA firm, the exams are used to establish … Read More

Belgium – Lawyer Services subject to 21% VAT in 2014

Belgium – Lawyer Services subject to 21% VAT in 2014

Until 31 December 2013 Belgium was the only EU country applying VAT exemption under art.44 §1 (1) of the VAT Act to lawyer services provided by Belgian, EU-listed lawyers or firms located in Belgium with the majority of Belgian or EU-listed partners. This allowed not charging clients VAT, however, the firms had to absorb any … Read More