Hawaii legislation has been enacted that changes the personal income tax rates, establishes a state earned income tax credit, and repeals the sunset date for prior amendments made to the food/excise tax credit. Tax Rates For taxable years beginning after 2017, 9%, 10%, and 11% tax brackets will return for married taxpayers filing jointly and […]

The post Hawaii ~ Personal Income Tax: Tax Rate Changes, New Earned Income Tax Credit, and Food/Excise Tax Credit Changes Enacted appeared first on Tax & Accounting Blog.

The Connecticut Department of Revenue Services advises that the 2017 back-to-school sales tax holiday will be held from August 20 to August 26, 2017. During the holiday, many items of clothing and footwear sold for less than $100 are exempt from Connecticut sales and use tax. The one-week exclusion applies to clothing sales made by […]

The post Connecticut ~ Sales and Use Tax: 2017 Back-to-School Holiday Will Be Held August 20-26 appeared first on Tax & Accounting Blog.

In a Chief Counsel Ruling, the California Franchise Tax Board (FTB) ruled that, under the corporation franchise and income tax apportionment rules, a taxpayer that contracts with health plans to manage and administer certain non-marketing services that the health plans are contractually obligated to provide to their clients and members must assign the sales of […]

The post California ~ Corporate Income Tax: Non-Marketing Services Sourced to State Where Taxpayer’s Customers Would Have Provided the Services appeared first on Tax & Accounting Blog.

Comprehensive tax reform in 2017 is a known, bipartisan priority among congressional tax writers, but the details of what that package will look like remain uncertain. Specifically, House Republicans and the Trump administration have different ideas of what the corporate tax rate should be. Moreover, House Republicans are not yet in agreement with one another […]

The post Lawmakers Discuss Corporate Tax Reform appeared first on Tax & Accounting Blog.

“Blockchain” is in the news – and it’s coming to our industry. The promises and potential benefits are significant. So are the challenges. Accounting and audit (A&A) professionals may not need to be experts in this area, but they would do well to be conversant to answer questions and keep an eye on both opportunities and risks. The […]

The post A Closer Look: Blockchain Primer appeared first on Tax & Accounting Blog.

Many firms using engagement software believe they have all of the document management features they need. However, most firms could benefit from using document management and engagement software together. These two types of solutions actually complement each other, with distinct functions and benefits at different stages of your workflow. Capture files not specific to your […]

The post 4 Ways Document Management and Engagement Software can Work Together appeared first on Tax & Accounting Blog.