Tax & Accounting Blog

Sales Tax Burden Remains Flat for U.S. Consumers and Businesses in Q3 2014

Sales Tax Burden Remains Flat for U.S. Consumers and Businesses in Q3 2014

NEW YORK, November 10, 2014 – The U.S. sales tax burden remained unchanged, while the number of indirect tax changes declined in the third 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 … Read More

Ask an Expert: Sales Taxes on Professional Services

Ask an Expert: Sales Taxes on Professional Services

We recently received a question relating to the taxation of accounting services. Generally speaking, sales taxes are a transaction tax levied on the sale of tangible personal property along with enumerated services. While the common perception is that a sales tax is only imposed on the sale of tangible personal property, e.g. a table or … Read More

Body Bags, Crypts and Caskets – Sales Tax on Morticians to get you in the Halloween Spirit

Body Bags, Crypts and Caskets – Sales Tax on Morticians to get you in the Halloween Spirit

On October 2nd the New Jersey Division of Taxation issued Technical Bulletin 74 regarding the taxability of purchases made by morticians, undertakers, and funeral directors. Reading through the list of items commonly purchased sends shivers down my spine.  These are my favorite items from the list and an indication of … Read More