Tax & Accounting Blog

The Montana Department of Revenue encourages Montana property owners and businesses whose homes, outbuildings, forestland, buildings, or equipment are damaged or destroyed during wildfire season to apply for property tax relief. Tax relief may also be provided to property owners or businesses whose assets are partially or completely destroyed by wildfire and are no longer … Read More

House Bill 3390 was recently passed regarding changes to the Texas Economic Development Act. Effective January 1, 2014, this bill makes the following amendments:, The Act is extended from December 31, 2014 to December 31, 2024. School tax credits are repealed. The qualifying time period is extended from 8 to 10 years. The … Read More

Whether an exemption from withholding under either income tax rules or an applicable income tax treaty applies depends on the character of the U.S.-source income being paid (as defined by U.S. tax rules). For example, a foreign vendor with income that is effectively connected to the conduct of a U.S. trade or business (called “ECI”) … Read More

Kansas – Tax Refund for fire service Effective 07/01/2013, the state of Kansas has amended their tax code so that the owner of land located within a fire district which is annexed by a city and not detached from the fire district by the end of the tax year, is entitled to a refund of … Read More

Guest Blogger: Diane Yetter, CPA, MST, is founder of YETTER, a sales tax consulting and tax technology firm. Any tax practitioner who deals with company operations in multiple countries should be aware of the differences between sales tax and value added tax (VAT).  While you may be well versed in how sales and … Read More

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