State and Local

Tax

Cities, States Float Sales Tax Ideas

Taxpayers around the country are facing a mixed bag of state and local sales tax proposals.New York Governor George E. Pataki, for one, is proposing tax breaks and rebates amounting to billions of dollars, but when it comes to sales taxes, he is calling for at least one increase, the New York Times reported. State cigarette taxes outside New York City would go up to $2.50 from $1.50 per pack.
263
Community News

Towards a Uniform National Sales Tax System

The nationwide effort to create a uniform sales tax system is under way and gaining steam, as 13 states, so far are cooperating to create a streamlined collection process.The Streamlined Sales and Use Tax Agreement is a multi-state initiative meant to simplify the varying sales tax laws for businesses that sell their products in multiple states.Forty-four states agreed, in November 2002, to participate in the program. The agreement officially took effect last October, when the 13 states became full members.
380
Community News

New Laws Impact Michigan's Accounting Professionals

With the input of Michigan’s accountants and business leaders, the state’s legislature has passed legislation mandating peer review for all Michigan CPA firms and sole practitioners who perform audits, review and compilations, beginning March 2007, Crain’s Detroit.com reports. The laws also stiffen punishments for individuals falsely claiming to be CPAs and increases protection for CPAs who are required to reveal client information to government authorities.
567
Tax

Delay Louisiana State Income Tax Filing to February 1

The Louisiana Department of Revenue has asked state residents to delay their tax filings until after February 1. The state has also announced that the printing and production of state income tax forms would be delayed by about two months. This filing delay affects both paper and electronic filers.“Whenever the Legislature makes changes that impact taxation, new forms have to be designed and tested to make sure everything matches up,” Byron Arthur, Department of Revenue Communications Director, told the Times-Picayune.
718

Pages

Voice of the Editor

What makes a company a great place to work? Experience, a ConnectEDU company, uses criteria that include benefits, career advancement opportunities, culture, and work/life balance to form its annual list of the Best Places to Work for Recent Grads. BDO USA and Ernst & Young both made the Top 25 list. Read what makes these firms stand out and find out what can be done at your firm to entice college grads.

Read more
Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
ADVERTISEMENT

Weekly video update

ADVERTISEMENT
ADVERTISEMENT

accountingweb.co.uk

More

Most read

Show more
ADVERTISEMENT