Tax & Accounting Blog

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

Utah – Tangible Personal Property Exemption – Aggregate Value Increase (Utah Code 59-2-1115)

Utah – Tangible Personal Property Exemption – Aggregate Value Increase (Utah Code 59-2-1115)

For 2014, tangible personal property having a total aggregate fair market value of $10,000 or less per county is exempt from tax. If the aggregate taxable value of all tangible personal property owned by the legal entity is $10,000 or less, you are eligible to apply for an exemption. This exemption is based on ownership. … Read More