Tax & Accounting Blog

Sales Tax Felony Watch Idaho Edition

Sales Tax Felony Watch Idaho Edition

It looks like Idaho has resolved to collect unpaid sales taxes in 2011 and is taking their resolution seriously. The Utah State Tax Commission has filed felony charges against two tax scofflaws. A Logan businessman who owns two restaurants has been charged with four felony counts for using sales tax funds received from customers illegally. For … Read More

California Announces 2011 Budget With Several Tax Implications

California’s new Governor, Democrat Jerry Brown, recently revealed his planned 2011 budget. With the state operating with more than a $25 billion deficit, Brown has proposed several items aimed at stabilizing the state economy. Most notably amongst his proposal items is $12 billion in additional taxes comprised largely of revenues stemming from extensions to the temporary tax increases from 2009. One … Read More

California: New Fee on Delinquent Taxpayers Effective January 1, 2011

California: New Fee on Delinquent Taxpayers Effective January 1, 2011

Beginning this week thousands of California businesses will be assessed a fee based on past due sales tax liabilities. More than 90,000 notifications were mailed out beginning January 1ST. The fee amount ranges from $185 to $925 for this calendar year. Liability SizeLiability AmountFeeSmall$250.01 – $2000$185Medium$2000.01 – $50,000$550Large$50,000 +$925 Taxpayers can avoid paying the fee by … Read More