Missouri DOR Clarifies Sales Tax Ruling on Yoga
Missouri – Though sales tax is applicable to fees paid to yoga studios, a recent court case has brought up additional concerns and questions. A Missouri yoga studio operator requested a letter ruling from the Director of Revenue in early March this year after learning of the court’s decision in Tatson, LLC dba Powerhouse Gym…
Newly Proposed Texas Tax Free Shopping Day
TEXAS – A new tax free shopping day is the works for Texas small business shoppers. House Bill 2694 is currently pending in Texas House Ways and Means Committee. The bill would allow small business retailers to sell items tax free on the Saturday after Thanksgiving, also known as Small Business Saturday. The sales tax…
Convergence 2015
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…
Convergence 2015
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…
Federal Sales Tax Exemption Passes the House
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…
Davis & Davis 5th Annual Suit Drive
Proposed Historic Sales Tax Cut
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 Proposes Sales Tax Changes
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 to incorporate VAT
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…