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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 […]
Tax information reporting under the Affordable Care Act (ACA) is understandably confusing. There are new obligations, and many internal stakeholders within an organization could be seen as responsible for some part of the ACA reporting process. There are a lot of new forms that need to be processed and mailed. Some of these forms include […]
While most of us have been watching with close interest the events that have been unfolding in the Ukraine over the past few months, Taxware has been paying particularly close attention to the potential indirect tax ramifications of the shifting political landscape. The changes for taxpayers located in the region of Crimea and in the […]
State reporting can be an arduous task. Each state has an ‘Employer Withholding Guide’ (or a similar framework for instructions) that provides information regarding payment and reporting of the withholding tax which is unique to that state. The challenges of state reporting can be boiled down to the following premise: the information detailed in state […]
With the changes in Brazil set to take effect in December of 2014 and Chile mandates coming even earlier – November 2014, don’t forget about the other mandated countries – specifically Argentina. There are currently more than 300,000 companies that were mandated to transition to electronic invoicing between April and August of 2014 and […]
The tax reform in China that replaces Business Tax with Value Added Tax (B2V) for the service industry continues to build momentum. A pilot program to apply Value Added Tax (VAT) to designated service sectors began on January 1, 2012 and has been expanding its scope ever since. As mentioned in a previous article, “China’s VAT Reform“, […]