Tax & Accounting Blog

California is Making a List (of sales tax scofflaws) and Posting It In Time for X-Mas

California is Making a List (of sales tax scofflaws) and Posting It In Time for X-Mas

The California BOE has just updated its list of the biggest sales tax delinquents and posted it on their website. Since 2007 the BOE has been required by law to post this information every quarter, removing amounts that are being addressed through payment arrangement, bankruptcy, litigation, or appeal. In addition to sales taxes, “use taxes” … Read More

Barbados Increases VAT

In order to correct the fiscal imbalance Barbados needs revenue enhancement. That is how the Ministry of Finance began his VAT Budget proposal, which followed by a Value Added Tax increase from 15% to 17.5%, effective December 1st 2010. The VAT increase is intended as a temporary measure for the next eighteen months and is … Read More

New Jersey Updates SST Sales & Use Tax Matrix

New Jersey Updates SST Sales & Use Tax Matrix

New Jersey has updated its SST taxablility matrix effective November 2010. Optional maintenance contracts for prewritten software that only provide for support services was updated to indicate that it is 100% exempt rather than 100% taxable. The revised matrix also clarifies that nontaxable support services means services such as training, help desk, on-line, or telephone … Read More