Tax & Accounting Blog

British Columbia – Video Explains PST Registration Process

British Columbia – Video Explains PST Registration Process

It may not go viral, but the B.C. Ministry of Finance has released an informative new video on YouTube. The video provides step-by-step instructions explaining to businesses how to register online to collect the Provincial Sales Tax (PST) when it goes into effect on 1 April 2013. You can view the video here: www.youtube.com/watch?v=pkxaTpc4YvsRead More

Florida Governor to Propose Exemption of Sales Tax on Manufacturing Equipment

Florida Governor to Propose Exemption of Sales Tax on Manufacturing Equipment

 Florida Governor Rick Scott announced his proposal to exempt sales tax on manufacturing equipment during a visit to the Vistakon manufacturing plant in Jacksonville Wednesday.  While he did not give an idea of how much the state would lose in tax income if the legislature approves the bill, others have estimated it would be in the … Read More

Virginia Governor Proposes Gas Tax Cut, In Favor of Higher Sales Tax

Virginia Governor Proposes Gas Tax Cut, In Favor of Higher Sales Tax

 Tuesday (1/8/13), Virginia Governor Bob McDonnell proposed cutting the state’s 27-year-old $0.175 per gallon gas tax, which would make Virginia the first state in the country to do so.  His proposal also  increases the general sales tax from 5% to 5.8%.  The gas tax currently accounts for 30% of the state’s transportation revenues, but with the … Read More