Tax & Accounting Blog

The Indiana Department of Revenue announced a new publication, BizTax. It is designed to help business taxpayers understand Indiana tax laws, the tax-filing process, and Department services Each issue will provide businesses with information about business taxes, special taxes, legislative changes, tax deadlines, and tips for communicating with the Department The inaugural issue addresses the … Read More

If a township assistance property tax levy in Indiana is more than the statewide average township assistance property tax levy, then the Department of Local Government Finance must: Remove the township assistance property tax levy from the maximum property tax levy for the township’s general fund Require the township to separate its township assistance property tax … Read More

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Here is a little secret for you… The taxing authority may have already drafted your Research Credit disallowance! In 2008, the IRS published an audit techniques guide that included Exhibit E — Substantiation Write-up Supporting a Notice of Claim Disallowance. This document is currently used by most IRS and state taxing authority teams to support … Read More

This was a busy month for tax changes around the world, some of which will go into effect in June with other important changes occurring throughout the summer. June Rate Changes Israel: Effective 2 June the standard rate will increase from 17% to 18%. The change will go into effect at midnight … Read More

The Knesset approved the unpopular 1% increase in the VAT standard rate this week by a slim margin, with 45 lawmakers approving and 39 against the rise. Nineteen coalition legislators were absent from the voting as was Finance Minister Lapid. The increase in VAT to 18% from it’s current 17% will go into effect on … Read More