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 […]
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 […]