Tax & Accounting Blog

Hungary’s 2017 budget has proposed to reduce the VAT rate on internet access from the standard rate of 27% to a lower rate of 18%. The EU’s taxation commissioner has asked Hungary not to move forward this plan because internet access services are not among the items which are on the list of goods … Read More

On June 30, 2016, the U.S. Internal Revenue Service (IRS) Chief Counsel issued Notice CC-2016-009. This notice alerts attorneys that the Chief Counsel Directives Manual (CCDM) has been revised to reflect updated requirements for coordinating issues, code sections, and documents with the appropriate Associate Chief Counsel in the National Office. The Office of … Read More

In an endeavor to generate business growth, new Rhode Island tax exemptions are being offered. The town of Charlestown, RI plans to offer an exemption of tangible business personal property starting in 2017, pending Town Council approval. The exemption shall be a set amount to be deducted from the taxable value as rendered on the … Read More

In Coeur d’Alene, happenings at the county jail are handled a little differently than one might expect. Despite the Kootenai County jail and the county sheriff’s office being physically connected, as well as being operated by sheriff’s employees, it is the Coeur d’Alene Police Department that is responsible for responding to incidents within the jail – not the sheriff’s department. … Read More

As I discussed in a recent LinkedIn blog post, an online study conducted by NerdWallet and Harris Poll found that of more than 1,600 U.S. adults, 80% of taxpayers ages 18-34 who filed taxes last year and planned to file this year say they’re fearful about some aspect of preparing their … Read More

Can the “National Unity” Government“VAT” be a completely new VAT? Apparently it can! Due to extreme financial hardship that the people of Sri Lanka have experienced under the previous and most recent government, it is not surprising that the latest VAT rate increase has been highly politicized and sold to the people as a … Read More