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Making Your Summit Experience a Learning Opportunity Unlock the full potential of your Taxware applications with hands-on training sessions at our User Summit in October. October 22nd – 24th Hyatt Regency Grand Cypress Orlando, FL Mark your calendar as busy on October 22-24: they are the official dates for the Taxware User Summit 2014. We are a […]
Supply chain finance is a method of business transaction that’s gained notoriety and popularity within the electronic invoicing vendor world. There are three core elements to SCF – a supplier, buyer and financial institution. With each relying on the other, the ultimate goal is to optimize the relationship between the supplier and the buyer […]
*This is part 3 of a four part blog series addressing the nexus and sourcing issues associated with sales tax and cloud computing. In part 1, we addressed what the cloud is and in part 2 we discussed why businesses should concern themselves with cloud based transactions. The following discussion will address sourcing issues and rules […]
The U.S. Treasury Department recently released its 2014 to 2015 Priority Guidance Plan. The document included a note that the IRS would provide guidance under sections 119 and 132 of the Internal Revenue Code (IRC) regarding employer-sponsored meals. The issue of free employee meals has recently come to the fore because the agency has begun cracking down […]
It’s been a year of heightened regulatory scrutiny for Latin American business owners, as laws are now on the books that require entrepreneurs to establish an electronic invoicing system. Thus far, it’s turning out to be a program that’s paying off for governments, most notably in Mexico. Through the first six months of 2014, […]
How to Make Smarter Use of Your Tax Resources Is your team being consumed by sales and use tax filing? To find out, answer these three questions: Is your tax department struggling to keep up with the dynamic tax rules, rate changes, new forms and requirements associated with filing sales and use taxes? Is your time being […]
An Emphasis on Renewable Energy fuels Tax Incentives With recent variable energy prices and continued concerns about global warming, there has been a major emphasis on creating more alternative sources of energy. Geothermal, wind, solar, and other sources of clean, renewable power are currently the most popular forms of alternate energy. According to the Renewable […]
A recent report from the Treasury Inspector General for Tax Administration (TIGTA) said the IRS needs to make changes to its medical device excise tax program, which is part of the Affordable Care Act (ACA). The recommended improvements will serve to ensure accurate tax information reporting and payment of the tax. The report included an […]
Financial Operations Summer 2014 edition features VAT Compliance article Financial Operations magazine recently featured an article by Casper Winkelman, co-founder and managing director of VAT Resource, a company recently acquired by Taxware. The article, “Take control of your VAT compliance” discusses the complexity of VAT compliance for companies conducting business across international borders. In the […]
Another answer in a series of Ask the Tax Expert series, where Taxware Tax Research experts answers your sales and use tax questions. The following question was recently submitted: Q. Would a company making sales to PR destinations be affected? We do not have operations in PR, but sell to customers in PR. A. As an unincorporated […]
Learning, Networking and Fun At Taxware Summit 2014 October 22nd – 24th Hyatt Regency Grand Cypress Orlando, FL Mark your calendar as busy on October 22-24: they’re the official dates for the Taxware User Summit 2014. We are only two months away from sessions on tax, technology and training at the beautiful Hyatt Regency Grand […]
In previous articles, we discussed why on-premise applications do not make sense anymore in Latin America – because they offered no economies of scale. Why would you try to be an expert on e-invoicing compliance in Latin America? Don’t you rely on tax experts and consultants to keep up with the changes? Why then would […]
The Virginia Fuel Sales Tax and how it affects fuel for BBQs, home heating, and fuel purchases for other domestic use. Virginia levies a sales tax at both the state and local level. The state rate is 4.3%, with an additional .7% charged in the Northern Virginia and Hampton Roads Regions. The local tax […]
Since Internet sales became popular, some brick-and-mortar retailers have been disgruntled because online retailers often aren’t required to collect sales and use tax. According to AccountingWeb, traditional retailers complained their online counterparts gained an unfair advantage as a result. In July, the U.S. Senate introduced Senate bill (SB) 2609, known as the Marketplace and Internet […]
The IRS recently published Notice 2014-47, which provided guidance on health insurance provider fees and the definition of a covered entity under the Affordable Care Act (ACA). Information contained in the notice applies to the 2014 fee year. “Specifically, this notice resolves confusion as to the scope of the exclusions in section 9010(c)(2) from the […]
Under the Affordable Care Act (ACA), the net investment income tax (NIIT) was enacted under section 1411 of the Internal Revenue Code (IRC). The American Institute of Certified Public Accountants (AICPA), Virgin Islands Society of Certified Public Accountants (VISCPA) and the Guam Society of Certified Public Accountants (GSCPA) wrote to Congress to inquire whether the NIIT […]
*This is Part 2 of a 4-part blog series addressing the issues associated with sales tax and cloud computing. In Part 1, we addressed what the cloud is. The following discussion will address why you should care about the cloud. A detailed explanation of Cloud Computing including SaaS, PaaS, or IaaS (which are referenced below) […]