Archive for the ‘State & Local Tax News’ Category

PA Sales Tax Changes

December 28th, 2016 No comments

Timely Filing Vendor Discount
If you have noticed that your vendor discount has been capped at $25 or an amount lesser than previously received by your company, be sure to thank Governor Wolf. Effective for returns that have a period end date after August 1, 2016, the vendor discount for licensees for timely filed returns and payments is limited to the lesser of $25 or 1 percent of tax collected for a monthly filer, $75 or 1 percent of tax collected for a quarterly filer and $150 or 1 percent of tax collected for a semi-annual filer.

Sales tax base expansion
Effective August 1, 2016, licensees are now required to collect tax on Read more…

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States Doing Their Best to Extend Their Tax Reach

April 12th, 2016 No comments

In prior blogs, we have shared that states like to audit and tax businesses that are outside of their borders rather than in-state businesses. In-state business owners complain when a state increases its tax rates or audit compliance. However, if the state taxes a business created in another state, it’s a win-win for all in-state parties.

Bloomberg BNA releases a state tax survey every year. We would like to share with you some items in its 2015 survey as it provides business owners with a better perspective as to how aggressive state taxing authorities are. Bloomberg contacted all 50 states (and the District of Columbia and NYC) and questioned them about how they determine nexus. “Nexus” is the minimum amount of contact a company can have in a state to become subject to the state’s taxes.

The “old” rules were that a state would tax businesses Read more…

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IRS Telephone Scams – and Then There is the PA Office of Unemployment Compensation

January 12th, 2016 No comments

When a tax jurisdiction calls, do you hang up on them or talk to them? One could argue that it depends whether the caller identifies himself with the IRS or PA.

Let’s start with the IRS. If you receive a call from someone claiming to be from the IRS, it likely is an IRS impersonator. Scammers are getter better at their jobs. They often introduce themselves by name and provide the target with a false IRS identity number. When an IRS impersonator calls, they often use high-pressure tactics to demand that payment be remitted immediately . . . or ELSE! The caller will state that failure to remit payment immediately will mean that the person called will suffer immediate harm, such as an arrest or property seizure.

That is a lot of pressure! What should you do in such cases? Read more…

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