Insights

Decision to Strike Down Colorado’s “Amazon Law” Thrown Out by Tenth Circuit

March 06, 2014.
Tax Publications

Background Colorado established a sales tax law (Colo. Rev. Stat. §39-21-112(3.5)) requiring any retailer selling $100,000 or more of products to customers located in Colorado who does not collect and remit sales tax in Colorado to: 1) Notify the purchaser of their obligation to report and pay use tax, 2)...

What Are Your Chances Of Getting a Sales and Use Tax Audit?

March 02, 2014.
Tax Publications

Three Main Criteria Every company “doing business” in a sales tax jurisdiction, whether registered or not, could potentially get audited. There are three main criteria that greatly increase your company’s odds: 1) A high ratio of exempt sales. If you are consistently reporting a high...

Internal Revenue Service Appoints New Deputy Commissioner

March 01, 2014.
Tax Publications

New Commissioner The Internal Revenue Service announced on August 26, 2013 the appointment of a new Deputy Commissioner for Services and Enforcement. John M. Dalrymple has been with the IRS for 31 years and started his new role on September 16, 2013. He has previously served as IRS Deputy Commissioner for Operations Support...

California Manufacturing Exemption

March 01, 2014.
Tax Publications

In an effort to drum up business development in the Golden State, California sales and use tax will be exempted from the gross receipts of businesses that sell, use, or consume tangible personal property (TPP) via manufacturing, processing, refining, fabricating, research and development, certain contracting usage, and sale or purchase...

Consumer Use Tax – A Primary Target of Auditors?

February 16, 2014.
Tax Publications

Even though your business may have a good handle on charging its customers the correct amount of sales tax on all taxable transactions, your business purchases may not face the same amount of scrutiny. This gap may lead to problems. In fact, California found that for the 2011-2012...

2014 Logistics Outlook

January 20, 2014.
Logistics Publications

Every year we receive several publications that provide insights into industry forecasts from several angles regarding various transport modes. Similarly, every year we get approached by customers seeking information into what is expected to happen with the transportation industry in the new year. To this end, this...

2014 Logistics Outlook

January 12, 2014.
Logistics Publications

New York Readopts Emergency Rule to Enact Excelsior Jobs Program

December 26, 2013.
Tax Publications

The Department of Economic Development has readopted emergency rule 5 NYCRR Parts 190 through 196, effective November 13, 2013, to implement the Excelsior Jobs Program. This program adds definitions, procedures to claim the credit, and incorporates other changes and amendments to strengthen the program. Excelsior Jobs Program In a Nutshell The Excelsior Jobs Program...

WTO Successfully Completes Agreement in Bali

December 22, 2013.
Trade Publications

After meeting from December 3-6, 2013, the World Trade Organization (WTO) has agreed on a major deal for the first time. The historical deal, which was struck in Bali, Indonesia on December 7, is designed to increase trade among countries by reducing legal challenges and costs. It is known as the Bali...

Are CFO’s Overlooking Free Money?

December 13, 2013.
Tax Publications

Knowledge of Tax Credits & Incentives Lacking among CFO’s A recent survey conducted by Ernst & Young found that there is a large gap between what a business’ tax executives know about incentives and what its CFO knows. CFO Magazine indicates that 36 percent of the respondents...

If it fits, it ships…. Not really!

December 12, 2013.
Logistics Publications

I always believed the slogan, “if it fits, it ships.” However, that is not always true. Although it may fit into the box, it doesn’t mean that the box is strong enough for shipping. Boxes have packaging specifications. According to the Argrov Box website, “the...

Establishing a Compliance Plan for 2014

December 11, 2013.
Trade Publications

As we quickly approach 2014, the timing is right to improve your company’s overall import compliance. 2014 can be the year to put in motion new ideas, or to finally address old ideas that have been placed on the back burner. Below you will find a blueprint for establishing...