State and Local | AccountingWEB.com

California to tax scofflaws: Pay up or lose your driver's (or CPA) license

09/20/2011 - 08:29 - 2548 reads

The California State Assembly has approved Assembly Bill 1424, the Delinquent Taxpayer Accountability Act, aimed at the state's worst tax debtors. The bill delivers a clear message: pay your back taxes or we'll suspend your driver's license and/or professional licenses.

Amazon, California reach agreement in sales tax battle

09/12/2011 - 11:18 - 1621 reads

Lawmakers in California say they've reached a truce with Amazon in a contentious disagreement over whether the online bookseller should collect state sales tax.

NASBA, AICPA announce online mobility tool designed to help CPAs practice across state borders

08/09/2011 - 15:04 - 2049 reads

The NASBA and the AICPA have launched an online tool designed to help CPAs navigate the new practice privilege requirements, commonly referred to as mobility laws, that allow CPAs to practice across state borders.

With pension fund dwindling, Central Falls, RI, enters bankruptcy

08/02/2011 - 18:26 - 1652 reads

The smallest city in Rhode Island has landed in bankruptcy court after making retirement benefits promises it was unable to keep, a dilemma facing many municipalities across the country.

State and Local Tax: E-books are not subject to New York State sales and use tax

07/20/2011 - 04:00 - 2022 reads

In an advisory opinion, the New York State Department of Taxation and Finance has concluded that a California seller's sales of e-books are not subject to sales and use tax.

California tax amnesty program opens August 1

07/14/2011 - 01:26 - 2059 reads

Taxpayers who have underreported their California income tax liabilities through the use of abusive tax avoidance transactions or offshore financial arrangements will be permitted to obtain a waiver of most penalties under an amnesty program beginning in August.

GASB to propose changes to accounting for state pensions

07/05/2011 - 12:09 - 2631 reads - 1 comment

The Government Accounting Standards Board (GASB) will propose changes later this month to the method used by most U.S. state and local governments when they report unfunded pension liabilities on their balance sheets. The proposed changes could result in an increase in the amount of liabilities governments will report.

Tax amnesty program surprisingly successful in Washington State

05/18/2011 - 01:02 - 2897 reads

Hundreds of businesses that somehow eluded detection by state tax authorities helped boost Washington’s haul from a tax amnesty program that was far more successful than envisioned.

Jaw-dropping budgeting errors make headlines in Maine and Ohio

04/07/2011 - 10:02 - 2703 reads

Some recent budgeting mistakes have plenty of taxpayers scratching their heads as the issue shines a spotlight on the need for efficient accounting systems.

E-filing mandate tightens for firms handling New York State tax returns

03/17/2011 - 14:12 - 2925 reads

For the Spring, 2012, tax season, any firm filing more than 10 Federal fiduciary income tax returns will be required to file electronically, as will firms filing New York State fidiciary income tax returns This change will impact thousands of firms next tax season.