Tax & Accounting Blog

Virginia Legislators Approve Sales Tax Increase and More

Virginia Legislators Approve Sales Tax Increase and More

In an effort to raise an estimated $880 million in additional funds per year, the Virginia State Legislature has passed a bill making the following tax changes (among a few others not listed) effective July 1, 2013, pending the Governor’s approval: The state sales and use tax will increase from 5.0% to 5.3%. An additional … Read More

Louisiana Governor to Propose Income Tax Elimination and Sales Tax Increase

Louisiana Governor to Propose Income Tax Elimination and Sales Tax Increase

Louisiana Governor Bobby Jindal is preparing a proposal for the state Legislature which would overhaul the state’s tax system. The Governor and his constituents have stated that the plan includes eliminating the state income tax, increasing the state sales tax at least 1.78%, possibly increasing the tobacco tax, widening the list of services taxed, and … Read More

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Connect with Thomson Reuters at SAP Financials (March 19 to 22) and enter to win an iPad

Simplify Financial Tax Reporting by Connecting Your Indirect Tax and SAP Financial Systems Connect with Thomson Reuters at SAP Financials (March 19 to 22) and enter to win an iPad. Join us in Las Vegas as we showcase solutions that solve financial challenges around the world, especially in North America, Brazil, and Europe. Our latest … Read More

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British Columbia Provincial Sales Tax Regulations Now Published

British Columbia will re-implement its provincial sales tax effective 1 April 2013, at a general tax rate of seven percent.  In February the government introduced Bill 2, Provincial Sales Tax Transitional Provisions and Amendments Act, 2013, which included the transitional provisions as well as the final amendments necessary to re-implement the PST. The final legislative amendments … Read More