Tax & Accounting Blog

Perspectives from the Public and Private Sector By Doug Bennett Director, Scope Management Thomson Reuters A few weeks ago, I had the pleasure of participating in a panel discussion at a conference in Port-of-Spain, Trinidad, on Challenges and Recent Developments in Valuation and Construction: Perspectives from the Public and Private Sector conference.  The … Read More

Beginning July 1, 2013 the sales and use tax rate on food and food ingredients in TN will be lowered from 5.25 percent to 5 percent. Those food items not included in that lower rate list are; all prepared foods, dietary supplements, candy, alcoholic beverages, and tobacco. These food items will remain at the higher … Read More

Missouri – Personal property appraisal reports (Reg. 12 CSR 30-3.065, effective 07/30/2013) The MO DOR amends the regulation that describes the content and guidelines for the composition of appraisal reports used as evidence in tax commission hearings. Personal property appraisal reports must be a narrative containing (at a minimum): A description of the property The … Read More

North Carolina Senate passed a preliminary tax reform on Monday, June 17, 2013 which would allow taxpayers to benefit from a lower tax rate all year long not just during a weekend sales tax holiday. This new plan would allow families to purchase food without paying sales tax and it would lower the state income … Read More

With Tweets, texts, and video talks, you might assume the in-person meeting would be as passé as the Rolodex. But traditional, face-to-face meetings still play an indispensable role in business today.

In Texas, property taxes must be paid before the delinquency date unless an oath of inability to pay is filed; otherwise, the taxpayer loses his or her right to a final determination of an appeal. In this case, the taxpayer protested an appraisal of his property. He filed an oath of inability to pay and … Read More