Tax & Accounting Blog

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

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FinCEN to Require Mandatory E-Filing of Forms, Temporarily Exempts FBARs

The Financial Crimes Enforcement Network (FinCEN) announced February 24, 2012 that it would begin requiring that the agency’s reports be filed electronically, although a temporary exemption would be provided for electronic filing of Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), until July 1, 2013. This does not relieve individuals of … Read More