State and Local

Tax

Tax amnesty program surprisingly successful in Washington State

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.
A&A

Jaw-dropping budgeting errors make headlines in Maine and Ohio

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

E-filing mandate tightens for firms handling fiduciary tax returns

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.
Tax

Obama plan would ease state debts through payroll taxes

An Obama administration proposal would ease the debts of states struggling to pay unemployment benefits by increasing the amount of payroll taxes collected from businesses.
Tax

Report indicates big increase in state sales taxes

State governments have boosted sales tax rates to the highest levels in 28 years, according to a new report by Vertex, an enterprise tax software company.
A&A

Don't drink and tweet: Illinois CPA Society president speaks at nation's largest state CPA conference

Last week's Midwest Accounting and Finance Showcase in Rosemont, IL kicked off with approximately 1,700 CPAs in attendance, a group so large that it was clear the need for knowledge and networking is still alive.
Tax

Film tax credits: A hot topic for state budgets

You might have heard that many states use film tax credits as a way to attract production companies to make movies and TV shows within their borders, resulting in jobs for residents and publicity for the state. With budgets tightening, some states are suspending or reducing the incentives, while others are enhancing their existing programs and creating new ones.
Education & Careers

OSCPA grants scholarships at minority accounting program

Seven Ohio high school students recently were awarded $500 scholarships at the Accounting Careers Awareness Program.
Tax

Oregon mulls details of miles-driven tax to pump up revenue

Motorists are being urged to reduce their dependence on fossil fuels from the federal government, conservationists, and their own wallets. However, less money spent on gasoline comes at a cost.
Tax

Broke states and broken promises

According to a recent report from the National Association of State Budget Officers and the National Governors Association, state fiscal conditions "have continued to worsen" and state revenues can be expected to lag behind a national economic recovery by one to three years.
Tax

Amazon denies North Carolina’s request for tax-related information

North Carolina has raised the ire of online retailer Amazon by beginning an audit of its compliance with state sales and use tax laws.
Tax

Managing sales and use tax compliance getting harder for small businesses

Just staying on top of the 8,000 different state and local tax rates and a thousand changes that are made every year by state legislatures is a huge challenge for small and mid-sized business in normal times.
Tax

States scramble for tax revenue wherever they can find it

Imagine your state tax collectors hard at work…reading the entertainment news as part of their job description. State tax authorities always have used the media to track the cross-state earnings of sports stars, celebrities, and other wealthy individuals.
Tax

The Internet nexus sales tax debate: "Amazon Laws" vs. the Streamlined Sales Tax Project

While the precise amount of sales tax revenue that is lost through online retailing may be in question, there is little doubt that the amounts are large enough to warrant attention by state budget directors who are looking for money.
Education & Careers

California tightens restrictions on CPAs

It’s not often that a bill passes unanimously. But when the California legislature voted on AB117, a bill that will regulate the state’s CPAs, there was not a single “no” vote cast.

More tightening for California CPAs: Peer Review

The latest legislation geared toward bringing California CPAs into alignment with other states is the mandatory peer review.

U.S. communities take local economy into their own hands

Unwilling to hand over hard-earned paychecks to faceless corporations for goods and services, a handful of communities have created their own commerce.
Community News

New York tightens standards on CPAs

If you’re a New York CPA or you perform accounting services in New York, you should know... the rules have changed.

Texas Society of CPAs announces new officers

El Paso certified public accountant Kym Anderson was recently elected chairman of the 28,000-member Texas Society of Certified Public Accountants (TSCPA). Anderson will serve a one-year term as the society's volunteer leader and will chair the organization's board of directors, which sets policy, manages programs, and oversees activities designed to serve Texas CPAs. Joining Anderson as TSCPA officers are C. Jeff Gregg, chairman-elect, Wichita Falls; Marshall Pitman, secretary, San Antonio; Bradley D.
Tax

Business Tax Index ranks state tax systems

In April, 2009, the Small Business & Entrepreneurship Council (SBE Council) published the "Business Tax Index 2009: Best to Worst State Tax Systems for Entrepreneurship and Small Business," which ranks the 50 states and District of Columbia according to the costs of their tax systems for entrepreneurship and small business.

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