Tax & Accounting Blog

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City Council to Clarify Language of Sales Taxes

Jeff Hancock, the City Manager of McCook Nebraska, aims to clarify the ballot language of two sales taxes during tonight’s McCook City Council meeting at Memorial Auditorium. Hancock released a City Manager Newsletter Friday that he will attempt to put the explanation in writing and provide councilors with some options to assist in the funding of the city’s much needed … Read More

The Mayor of Sacremento Does not Support a Sales Tax Increase

The Mayor of Sacremento Does not Support a Sales Tax Increase

Former NBA point guard and current Sacramento Mayor, Kevin Johnson, is dead set against the idea of increasing the city’s sales and use tax rates.  He volunteered to author the opposition argument against the proposed half-cent sales tax increase, which will be included on the November ballot.  If the tax passed it would match Galt for the highest rate … Read More

Utah State Tax Commission Amendments

Utah State Tax Commission Amendments

Effective July 26, 2012, the Utah State Tax Commission has amended Utah Admin. R. R861-1A-20, “Time of Appeal Pursuant to Utah Code Ann. Sections 59-1-301, 59-1-501, 59-2-1007, 59-7-517, 59-10-532, 59-10-533, 59-10-535, 59-12-114, 59-13-210, 63G-4-201, 63G-4-401, 68-3-7, and 68-3-8.5”. This requires a request for a hearing to correct a centrally assessed property tax assessment, a petition for … Read More

Property Tax Filing Changes In Maine

Property Tax Filing Changes In Maine

Companies who file property tax returns under the Maine Business Equipment Tax Reimbursement Program (BETR) will no longer be receiving the application booklets in the mail. In order to obtain a copy applicants can locate their booklet online at http://www.state.me.us/revenue/forms/betr/index.htm. In addition to this change taxpayers filing appeal petitions in Maine must, within 60 … Read More

Thomson Reuters Report: Number of Global Indirect Tax Changes Nearly Quadrupled in Q2, Increasing Taxes on Consumers and Administrative Burden on Business

Thomson Reuters Report: Number of Global Indirect Tax Changes Nearly Quadrupled in Q2, Increasing Taxes on Consumers and Administrative Burden on Business

Worldwide, there were 379 percent more indirect tax changes in the second quarter of 2012 than there were during the same period in 2011, according to the latest ONESOURCE Indirect Tax rate report from Thomson Reuters. There were 1,025 tax code changes in Q2 2012, compared with 270 in Q2 2011. This includes 109 indirect … Read More

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Avoiding Tax Busy Season Burn-Out

 Working extra hours, even double time, has become the normal part of a tax accountant’s job. Along with grueling hours, tax accountants have become accustomed to the other “norms” of busy season, such as the stress and pressure of the looming September 15th deadline, demanding clients and bosses and unhealthy late-night dinners. Sound familiar? Here … Read More