Monthly Archives: August 2011

Revenue starved states look for new revenue from businesses

Posted on August 23, 2011 by Adam Puckett, CPA

As states search for new ways to expand their tax bases, some are increasingly redefining the definition of “doing business” in the state, which is used to determine when a business is required to file a corporate income tax return. … Continue reading →

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Washington state’s new nexus standard

Posted on August 23, 2011 by Adam Puckett, CPA

Washington state’s new economic nexus standard went into effect on June 1, 2010.  Many business owners are shocked to learn that their company now has a business and occupation (B&O) tax exposure in Washington state without the business having a physical … Continue reading →

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Interest Rates Decrease for the Fourth Quarter of 2011

Posted on August 19, 2011 by Jared Siegel

IR-2011-85, Aug. 28, 2011 WASHINGTON – The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Oct. 1, 2011.  The rates will be:  three (3) percent for overpayments [two (2) percent in the case … Continue reading →

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184 new U.S. tax law changes in Q2

Posted on August 9, 2011 by Earl Pierce, CPA

The recently published ONE SOURCE Indirect Tax Report created by Thomson Reuters illustrated a total of 184 tax changes in the United States during the second quarter of 2011 alone, 86% of the changes consisted of new taxes or tax … Continue reading →

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