Tax & Accounting Blog

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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

ONESOURCE Property Tax Announces February 2013 Release

ONESOURCE Property Tax Announces February 2013 Release

Thomson Reuters is pleased to announce the February 2013 release of ONESOURCE Property Tax. A few of the enhancements included in this release are: • Sum Tool: o The legacy Asset Manager Sum tool is now available for most Centers as a tab in the navigation panel. • Tab Filters: o The ability to include … Read More

Iowa Conservation Groups To Clash With Governor For Sales Tax Hike?

Iowa Conservation Groups To Clash With Governor For Sales Tax Hike?

Representatives from multiple environmental, wildlife, gaming, parks, and conservation groups are supporting a measure to increase the state sales tax by 0.375% to provide sustainable funding through the constitutionally protected natural resources fund. The measure has already been approved in a Senate subcommittee, but if it makes it to Governor Terry Branstad, it is projected … Read More

IRS Issues New 2013 Edition of Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities

IRS Issues New 2013 Edition of Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities

The IRS has issued a new edition of Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, revised for use in 2013. Pub 515 is the basic plain-English IRS explanation of payers’ tax withholding obligations under Chapter 3 of the Internal Revenue Code (section 1441 withholding) for payments of U.S-source income to … Read More