Tax & Accounting Blog

Understanding FATCA – Part 1 of a 3 Part Series

Understanding FATCA – Part 1 of a 3 Part Series

The Foreign Account Tax Compliance Act (FATCA) was enacted as part of the Hiring Incentives to Restore Employment (HIRE) Act on March 18, 2010. FATCA creates a new information reporting and withholding regime for payments made to certain Foreign Financial Institutions (FFIs) and other foreign entities. FATCA is intended to increase transparency for the IRS with … Read More

Poll Finds Decrease in Overall Tax Collections for Many Cities in 2011

Poll Finds Decrease in Overall Tax Collections for Many Cities in 2011

According to a poll conducted by the National League of Cities which polled finance officers of cities with populations greater than 10,000, sales tax collections are expected to remain flat in 2011 after an 8.4 percent decline in 2010.  Income taxes and property tax collections are expected to decline in 2011. The overall decrease in … Read More

Quebec Updates QST and GST/HST Documents

Quebec Updates QST and GST/HST Documents

In recent months Revenu Quebec has updated several of its guidance documents relating to QST and GST/HST. A complete listing of the updated documents including documents relating to other tax types can be found here: New Publications Some highlights include the following helpful materials: General Information Concerning the QST and the GST/HST (Read More