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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) […]

On Sept. 9, the North Dakota Department of Taxation will transition its website for electronic tax information reporting from Webfile to Taxpayer Access Point (TAP). As such, all filers who have been using the old system will need to complete the conversion process before they can use TAP. The annual returns reporting and non-payroll reporting pages will […]

For retailers, the burden associated with Sales Tax Holiday administration can be enormous if they do not have a sales tax compliance management system in place. With Sales Tax Holidays in full swing, retailers will need to reset their cash registers or point-of-sale systems, customize their tax rates and remap their product SKUs. Without the […]

Cambios En El Impuesto A Las Ventas De Puerto Rico – Lo Que Los Contribuyentes Necesitan Saber Para Mantenerse Al Día Also View in: Por efecto de la aprobación de las leyes 40 y 117 del 2013, y las leyes 18, 19 y 80 del 2014, el impuesto a las ventas y uso que aplica […]

Sales Tax Changes in Puerto Rico – What Taxpayers Need to Know to Remain Compliant Also View in: Pursuant to the enactment of Laws 40 and 117 of 2013, and Laws 18, 19 and 80 of 2014, the sales and use tax regime that applies in the Commonwealth of Puerto Rico has undergone a deep […]

Recent surveys have shown that employers are concerned about how the Affordable Care Act (ACA) will drive up operational costs and affect business. These survey results indicate that companies need to put a solution in place to mitigate these issues and adjust to the new health care law’s provisions. Since the ACA was implemented, there have been […]

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 […]