CCH Tax Day Report Over 100 bipartisan House lawmakers are urging their leadership to leave in place the deduction under the tax code for advertising expenses as necessary and ordinary business expenses. The 115th Congress holds the promise of business tax reform, but the current tax treatment of advertising expenses should remain untouched, according to […]

The post Bipartisan Lawmakers Ask House Leaders to Protect Advertising Deduction appeared first on Tax & Accounting Blog.

So, your firm’s tax workflow is paperless from beginning to end… Congratulations! But your work is not done. You may want to do a little spring cleaning, and find other areas of your firm that might benefit from being a little more paperless. Here are a few ideas to help you become a truly paperless firm. […]

The post Spring cleaning: Your Next Steps for a Paperless Firm appeared first on Tax & Accounting Blog.

CCH Tax Day Report Virginia Gov. Terry McAuliffe has signed the biennial budget bill that contains a variety of retail sales and use tax provisions, as detailed below. Separate stories discuss income (TAXDAY, 2017/05/17, S.20) and other tax provisions (TAXDAY, 2017/05/17, S.19) also contained in the bill. Nexus: If a dealer has inventory in Virginia, […]

The post Virginia ~ Sales and Use Tax: Biennial Budget Legislation Containing Tax Provisions Enacted appeared first on Tax & Accounting Blog.

CCH Tax Day Report The Ohio House of Representatives has passed legislation that would require out-of-state sellers to register with the Tax Commissioner to collect use tax if: (i) it has gross receipts in excess of $100,000 in the current or preceding calendar year from sales of tangible personal property for use in Ohio; or […]

The post Ohio ~ Sales and Use Tax: Bill Requiring Certain Out-of-State Sellers to Collect Tax Passed by House appeared first on Tax & Accounting Blog.

CCH Tax Day Report The North Carolina Senate has passed a budget bill that incorporates a number of corporate income and personal income tax changes from a previous bill (TAXDAY, 2017/04/07, S.14), including a requirement that corporate income taxpayers use market-based sourcing rules for apportioning business income to North Carolina, reductions in the corporate and […]

The post North Carolina ~ Multiple Taxes: Senate Budget Bill Includes Market-Based Sourcing, Rate Reductions appeared first on Tax & Accounting Blog.

CCH Tax Day Report The Hawaii Legislature has passed a bill that, if approved by the governor, would generally conform Hawaii corporate and personal income tax laws to the Internal Revenue Code (IRC) as amended as of December 31, 2016, for taxable years beginning after December 31, 2016. Currently, Hawaii generally conforms to the IRC […]

The post Hawaii ~ Corporate, Personal Income Taxes: Legislature Passes IRC Conformity Bill appeared first on Tax & Accounting Blog.