Canada Revenue Agency Releases 2024 T5 (Statement of Investment Income)
Canada Revenue Agency (CRA) recently released the 2024 T5 (Statement of Investment Income). There are several important changes related to the mid-year capital gains inclusion
Region: North America
Canada Releases 2024 T4A Publication (Deducting Income Tax on Pension and Other Income, and Filing the T4A Slip and Summary)
Canada Revenue Agency (CRA) recently released its 2024 T4A Publication (RC 4157 Deducting Income Tax on Pension and Other Income, and Filing the T4A Slip
Rhode Island Rereleases 2024 Withholding Filing Requirements
Rhode Island has released a second version of its 2024 Withholding Filing Requirements guide. Rhode Island houses its W-2 and 1099 electronic specifications in the
Beverage Alcohol
California Bottle Bill: Compliance Updates for Wine and Spirits
California’s bottle bill got a major upgrade earlier this year, and it’s changed the rules for wineries, distilleries and beverage distributors in a big way.
Beverage Alcohol
Unclaimed Property Compliance: What Wineries and Wine Clubs Need to Know
Although hard to believe, unclaimed property obligations impact ALL industries, including wineries and other wine clubs. While most companies typically only associate unclaimed property with
Colorado State-Administered Local Rate Changes Effective January 1, 2025
The Colorado Department of Revenue published local sales and use tax changes effective January 1, 2025. The following state-administered local jurisdictions will be changing their
Colorado Self-Administered Local Rate Changes Effective January 1, 2025
The Colorado Department of Revenue published local sales and use tax changes effective January 1, 2025. The following self-administered locals will be changing their tax
Aspen, Colorado Change to State-Administered for Sales Tax
The city of Aspen, Colorado changes from self-administered to state-administered for sales tax effective January 1, 2025. the city will continue to self-administer use tax.
Lafayette, Colorado Exempts Bullion from Sales Tax Effective January 1, 2025
Lafayette, Colorado approved Ordinance No. 22, Series 2024 which amends the Lafayette Municipal code to exempt sales of bullion beginning January 1, 2025. Further information
Vail, Colorado Exempts Essential Hygiene Products
Effective January 1, 2025, by approval of Ordinance No. 22, Series 2024, essential hygiene products such as feminine hygiene and incontinence products will be exempt
Maine Subjects Certain Rentals of TPP to the General 5.5% Sales Tax Rate
In Maine, with the passage of H.P. 1278/L.D. 2000, certain leases or rentals of tangible personal property (TPP) are now subject to the general 5.5%
Maine Subjects Certain Trucks & Van Rentals to 5.5% Tax Rate & Removing 10% Tax Rate
Effective January 1, 2025, with the passage of H.P. 1278/L.D.2000, rentals of trucks and vans with a gross vehicle weight rating of less than 26,000
1099 101 Reporting
Join us for an introduction to the fundamentals of 1099 reporting, covering key terminology, common form types (e.g., 1099-MISC, 1099-NEC), deadlines, thresholds, corrections, federal vs.
News
Sovos Names New Executive Leadership for Global Finance and Product Strategy Functions
David Woodworth and Swati Garodia selected to build and transform critical operation areas for global platform company ATLANTA, DECEMBER 10, 2024 – Sovos, the always-on
Texas Court Overturns Local Sales Tax Sourcing Rule
In 2022, a Texas District Court held in Coppell v. Hegar and Round Rock v. Hegar that Texas failed to follow its own requirements in
Beverage Alcohol
Navigating Retail Delivery Fees: A Guide for DtC Alcohol Sellers
Direct-to-consumer (DtC) alcohol shippers are no strangers to navigating a complex regulatory landscape. However, recently, a new challenge has emerged—the rise of retail delivery fees.
Louisiana Sales and Use Tax State Rate Change Effective January 1, 2025
Louisiana House Bill 10 of the Louisiana 2024 Third Extraordinary Session includes language to increase the Louisiana state level sales and use tax rate from
Australia E-invoicing
Australia E-invoicing Australia is on its e-invoicing journey. It has slowly been rolling out electronic invoicing rules and requirements since 2018, when it launched a