Tax & Accounting Blog

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Checkpoint Special Study: Depreciation & Expensing Provisions in the “Protecting Americans from Tax Hikes” Act

As explained in this Special Study, the PATH Act makes permanent the enhanced Code Sec. 179 expensing and phaseout limits; and 15-year writeoff for qualifying leasehold improvements, restaurant buildings and improvements, and retail improvements. In addition, the Act provides for a retroactive extension of a host of other depreciation provisions for businesses that had expired at the end of 2014, including the extension of 50% bonus first-year depreciation (at a rate that gradually decreases). … Read More

Payroll Tax Form Year-End Processing Tips

Payroll Tax Form Year-End Processing Tips

Looking for ways to help your payroll year-end processing run more smoothly? Follow this list of tasks for year-end success! Review the form instructions for any applicable payroll tax forms. Don’t forget that you can find links to applicable agency websites from the Payroll Form and Filing Information portlet within the application. Determine … Read More

How to Ensure Successful Sales Tax Calculations on Free Shipping Day

How to Ensure Successful Sales Tax Calculations on Free Shipping Day

Are you a Taxologist? Are you responsible for ensuring successful online transactions this holiday season? By now you have survived pre-holiday sales, Black Friday, Cyber Monday, and even Cyber Week. You’re probably thinking, “Free Shipping Day – bring it, I’ve got this.” Hopefully this sounds like you! If so, keep doing what you’re doing. If … Read More

Continuing Legal Education Courses in Indirect Tax

Continuing Legal Education Courses in Indirect Tax

Thomson Reuters Tax and Accounting – Indirect Tax has been presenting a series of continuing legal education (CLE) courses in 2015 in conjunction with West LegalEdCenter. The live presentations for 2015 are now complete, but all 5 sessions were recorded and are now available on-demand at the following links: United States Indirect Tax … Read More