Tax & Accounting Blog

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

Thomson Reuters Helps Global Companies Comply with 2.5 per cent VAT Increase in the United Kingdom

LONDON January 4, 2011 — The Tax & Accounting business of Thomson Reuters today announced the latest release of its ONESOURCE Indirect Tax global determination software – the first to support the 2.5 per cent increase to the Standard Rate of Value Added Tax (VAT) in the United Kingdom. The VAT rate increase, which the … Read More