Specialized tax savings engagements have incredible appeal because clients can achieve immediate financial benefits greater than the fees charged. Besides possessing or having access to the requisite expertise, firms developing a tax savings practice have two obstacles to overcome, according to a partner in a firm very successful in that regard. One is obviously the…
What all ebayers should know. Many business owners face a common question of whether or not to tax their internet-based sales. If you are an internet-based retailer, this article is for you. Each state has their owned de minimis rules for what activities establish a business as being “Engaged In Business” in their state. You…
Davis & Davis LLC constructs a sales tax defense to resolve an audit that lingered over 12-months.A local commercial and residential marble contractor based in Irving, TX which serves the DFW metroplex area had average annual sales of $1,500,000 over the 4 years of the audit period. The company’s clientele includes restaurants, supermarket chains, gas…
COLORADO – The numbers are in! According to data, during the month of January, the first month of recreational pot sales, the legalized industry earned more than $3.5 million in revenue. Recreational marijuana is taxed in several ways. 15% excise tax, 10% special sales tax, 2.9% sales tax. Medical marijuana has another 2.9% sales tax….
Sales tax is often not on the top of a company’s list of priorities. Making earnings projections, payroll, and IRS deadlines loom heavy on the minds of many CFOs and controllers. Sales tax is many times an afterthought, an accrual account on their balance sheet, or not even a thought at all. Often times, a…
Friendly reminder to set your clocks forward one hour Saturday when you go to bed! Yes, we will lose one hour of sleep, but we get to enjoy an extra hour of daylight!
Thanks to Randazzo New Orleans for helping bring a little bit of NOLA to Texas and making our client happy today.
As the new year dawns, may it bring you more success, love and prosperity!
Exemption for Offshore Spill Containment System: Tangible personal property that is used, or intended to be, solely in offshore spill response containment system is exempt from sales and use tax as of June 14, 2013 under House bill 1712. Services performed on qualifying property are also exempt. An entity formed primarily for the purpose of…
Certain items necessary to the operation of a data center will qualify for exemption from state sales and use tax under House Bill 1223, effective September 1, 2013. An owner, operator and/or occupant of a data center being constructed or refurbished to be used by a single occupant to house servers and related equipment for…
Automated page speed optimizations for fast site performance
