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Three Types of Indirect Taxation in India Understanding international indirect tax requirements can be daunting, especially for companies who are new to doing business in a country. India is one country that is particularly challenging because not only are there several federal level indirect taxes on both goods and services, but there are also state […]

Lorain County in Ohio recently paid hundreds of thousands of dollars to the IRS as penalty for 1099 forms that weren’t filed in 2011. The Chronicle Telegram reported that the county failed to send the documentation to vendors, resulting in a $246,376 settlement. Back in October 2013, when the source first reported on the IRS audit, it […]

A little over a year has passed since the United States Supreme Court, in United States v. Windsor, tackled the Defense of Marriage Act (DOMA). The chief issue considered by the Court was whether the federal government should treat same-sex couples, who were legally married under the laws of a particular state, as married under […]

On July 14, the U.S. House of Representatives voted to reduce the IRS’ budget, and a part of the cut affects the agency’s enforcement funding. The overall budget will be lowered by $1.14 billion. According to Bloomberg, the budget cuts will leave the IRS with $9.8 billion for the fiscal year that starts Oct. 1, 13 […]

  Many states have exemptions or lower rates that apply to food, but sometimes those rules don’t apply to candy. The Streamlined Sales Tax Program (SSTP) set out to create uniform definitions of items in order to simplify sales and use tax collection and administration by retailers and states. What the SSTP considers to be […]

CNBC sales tax holiday graphic is based on Taxware tax content. In the article, “Where and When to Snag Sales Tax Breaks Across the US,” CNBC shares an interactive infographic that highlights state sales tax holidays.   The graphic is based on tax content created and shared by the Taxware Tax Research Team. The Tax Department […]

Taxware’s own Charles Maniace and Matthew S. Walsh are interviewed for the article along with J. Craig Shearman, of the National Retail Foundation.   Today.com/money featured an article by Krystina Gustafson of CNBC, “Sales Tax Breaks Boost Back-to-School Shoppers’ Spending Power.” The article discusses the popularity of back-to-school sales tax holidays, their popularity with consumers and […]

With Chile’s electronic invoicing mandates set to take effect in only a few short months, it is important to understand that your solution selection criteria should include more than just the DTE connectivity. If you don’t understand how you will meet the 7 requirements for “Readiness” through the SII website, you could find yourself with […]

In recent years, states have faced budget deficits and are looking for ways to raise revenue without increasing taxes. One way to do this is to improve the enforcement of tax laws that are already on the books. Because of the improved enforcement, many companies are starting to receive penalties for requirements they didn’t know […]

We at Convey Compliance Systems Inc., an industry leader for third-party tax information reporting, will soon host our fourth annual New York Regional Summit on Thursday, Aug. 7 from 8:30 a.m. to 2:30 p.m. Eastern Time. The event will take place at the New York Marriott Downtown, located at 85 West St., Manhattan, NY 10006. As […]

Several industry trade groups, including the American Bankers Association (ABA), Mortgage Bankers Association (MBA), Housing Policy Council of the Financial Services Roundtable and Consumer Mortgage Coalition, sent a letter to the Senate Finance Committee requesting flexibility in regard to proposed new rules for Form 1098, Mortgage Interest Statement. These new instructions will require that additional information […]

*Part 1 of a four part blog series addressing the issues associated with sales tax and cloud computing. What Is The Cloud? Unless you have been hiding underground for the past few years it is hard to imagine you haven’t heard of the cloud. Yes, the cloud, the ever present all-encompassing term for all that data […]

It is not all about risk when dealing with Latin America Compliance.   We still need to remember that there are huge profit potentials in this ever growing region and business will continue to expand.  As you do focus on Latin America growth, it is true that compliance is something that needs to be managed. […]

During a public meeting held June 24, the Electronic Tax Administration Advisory Committee (ETAAC) presented its 2014 Annual Report to Congress, which detailed various observations and recommendations. Among these suggestions were five key areas that can be improved. The 11-person committee was first created in 1998 as part of the IRS Restructuring and Reform Act of 1998. […]

Convey Compliance Systems Inc., a leader in nonwage tax compliance services, is launching the industry’s first Tax Reporting Best Practices study. By devoting a few minutes to our survey, you aid in the aggregation of valuable benchmark information from the best sources available: the tax professionals that make up our industry. Participants will complete a […]

Indirect Tax Laws for Pharmaceutical Drugs are Complex In order to promote good health via public policy, many states apply a variety of sales tax exemptions to sales of prescription drugs. However, some states limit this exemption by excluding over-the-counter (OTC) prescription drugs or by applying strict regulations as to what is a drug and […]

The good news is that many multinationals have realized that Enough is Enough and have moved or are moving away from a strategy that requires continuous changes to their ERP system to support the constantly changing Nota Fiscal requirements in Brazil   The Bad News is that there are still too many IT Execs who […]

In an effort to combat the often devastating effect of unnecessary litter and protect clean waterways and wildlife, several localities around the state of Washington have turned to plastic bag bans and fees on single use paper bags to encourage the use of reusable shopping bags. The majority of Washington localities with single use bag […]