Tax & Accounting Blog

Small to mid-sized accounting firms are traditionally viewed as serving only local clients, but with rapid increases in technology, the world is quickly becoming a smaller place to do business. As globalization presents numerous opportunities for small businesses, it also opens the door for smaller accounting firms to expand their services into the international arena. … Read More

A new innovation has landed in the world of geography with the conception of what3words. What3words (w3w) works by dividing the surface of the earth into a grid of squares “very close to” 3 meters by 3 meters in size (the nature of a globe is such that the surface cannot actually … Read More

The Colorado Department of Revenue recently released a letter ruling (PLR-16-013) in which it addressed whether certain products sold by a multilevel marketing company were subject to Colorado sales tax. The products in question included a liquid intended to improve intestinal health (including powdered and concentrated versions of the liquid), other powdered … Read More

Authors: Will Hill and Christie Johnston Do you understand the value of your firm? Why making the move to advisory-based services is necessary in today’s environment As technology continues to disrupt industry after industry, staying ahead of the game and capitalizing on opportunities to provide more value is paramount in keeping businesses afloat. When it … Read More

On June 17, 2016, the Russian Federal Taxation Service (FTS) published a press release on Draft Law No. 962487-6, which will require foreign companies to pay value added tax (VAT) on transactions for the sale of electronic services / content to Russian consumers. See BEPS Action 1 recommendations. This … Read More

Earlier this year, the Louisiana State Legislature held an extraordinary session to address their state’s looming budget shortfall. To produce badly needed revenue, the state suspended its complicated array of sales tax exclusions and exemptions, temporarily replacing them with a much shorter list of products and services not subject to tax. However, Gov. John … Read More