Tax & Accounting Blog

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Proposal to Increase VAT Collection: Lower VAT Rate

Fiji’s Minister of Finance, Aiyaz Sayed-Khaiyum, presented his 2016 Budget announcement on November 6, 2015. The announcement has a value-added tax proposal that is noteworthy in two respects; the amount and the rationale. The Minister has proposed reducing Fiji’s single VAT rate from 15% to 9%. This would place Fiji’s VAT rate below Australia’s … Read More

China Customs force “One Belt, One Road” Development

China Customs force “One Belt, One Road” Development

In 2013, China proposed the strategic initiative of building “The New Silk Road Economic Belt” and “The 21st Century Maritime Silk Road.”, also known as “One Belt, One Road” (OBOR).  The initiative is intended to promote connectivity and cooperation among countries along these routes (primarily in Eurasia).  It is reflective of China’s efforts to take a … Read More

Minimum Wage Changes for 2016

Minimum Wage Changes for 2016

Several states and localities have announced minimum wage changes for 2016. Fifteen states, plus the District of Columbia, index their minimum wages to rise automatically with the cost of living. Ten states currently index minimum wage increases each year: Arizona, Colorado, Florida, Missouri, Montana, Nevada, New Jersey, Ohio, Oregon and Washington (no change for 2016). … Read More

Pre-Season Guide to Tax Processing

Pre-Season Guide to Tax Processing

Review the system requirements and recommendations Do your current workstations and network systems meet the minimum requirements and recommended specifications for running our applications? Do your server and your workstations have sufficient RAM? How modern are your server and workstation processors? Do you have enough free disk space? You’ll find information that will help you … Read More