Davis & Davis LLC is a proud Silver Sponsor of the 2015 Convergence CPA conference hosted by the Dallas CPA Society. Come by the trade-show to visit our booth! When: May 8, 2015. 8 am – 5 pm Where: InterContinental Dallas Hotel: 15201 Dallas Pkwy, Addison, TX 75001 What: Dallas CPA Society’s 11th…
Multi-State: The House of Representatives passed House Bill 622 April 16, 2015. The bill would make certain state and local sales taxes deductions permanent. These tax breaks typically expire each year and are renewed at the last minute by Congress. As previous House bills continue to renew the majority of the 55 tax extensions, Congress…
TEXAS- House legislators announced a tax-relief package in April that would be a first in Texas- a lowered sales-tax rate. Since a 2% sales tax was first imposed in Texas in 1961, legislators have never cut the rate. While senators prefer to cut school property taxes, the House proposed trimming the state’s 6.25% sales tax…
Michigan– Voting in May 2015 could bring various changes to the sales tax structure in Michigan. The bill, already passed in the House and the Senate, is now being put to Michigan residents themselves. The bill proposes increasing the sales tax rate from 6% to 7%, lowering the sales tax on fuel, and increasing the…
PUERTO RICO- The Puerto Rican government has been working on a tax policy overhaul. Currently in the fine-tuning phase, the government is hopeful to get the bill approved by the end of April 15, 2015. Changes would affect most types of tax, including the addition of a Value Added Tax (VAT) system. The VAT levies…
