Tax & Accounting Blog

New Jersey Sports Fans’ Fantasy Leagues Are Sales Tax-Free

New Jersey Sports Fans’ Fantasy Leagues Are Sales Tax-Free

The following was written by Ruth Jeremiah and posted on her behalf. New Jersey Division of Taxation has determined that fantasy sports entry fees are not subject to tax. This ruling stems from an Austin, TX taxpayer that runs a fantasy sports website and charges taxes for entry fees for various professional sports leagues, … Read More

Will US Country-by-Country Voluntary Filing Offer A Reasonable Alternative to Fulfill 2016 Tax Year Obligations?

Will US Country-by-Country Voluntary Filing Offer A Reasonable Alternative to Fulfill 2016 Tax Year Obligations?

BEPS, Blog, ONESOURCE November 3, 2016

The US regulations provide that Country-by-Country (“CbC”) Reporting for US HQ MNEs must be filed with the ultimate parent entity’s income tax return for the taxable year beginning on or after June 30, 2016. In contrast, pursuant to the OECD guidance, CbC reporting is to become effective for fiscal years starting on or after January … Read More

Minimum Wage Changes for 2017

Minimum Wage Changes for 2017

Several states and localities have announced minimum wage changes for 2017. Twenty-five states, plus the District of Columbia, index their minimum wages to rise automatically with the cost of living. Four more states, also including the District of Columbia, will index minimum wage increases annually beginning in future years: Alaska (2017), Washington, D.C. (2017), Minnesota … Read More

Social Media and SEO Go Together Like Candy and Halloween

Social Media and SEO Go Together Like Candy and Halloween

Guest Author: Daniel Klizas Before you break open those bags of sweets that you bought for trick-or-treaters but secretly hope to enjoy yourself, it’s time for your social media efforts to go into high gear. Our last two blogs have talked about trick or treating and what kind of super powerRead More