Archive for January 2015
Goodlatte Proposes “Origin” Approach for Internet Sales Tax
On January 13, 2015, House Judiciary Chair Bob Goodlatte (R-VA) released a discussion draft of his long-awaited plan to simplify the collection of state sales tax on internet sales. The Online Sales Simplification Act of 2015 adopts an “origin” based approach to collecting sales tax, as opposed to the “destination” approach included in the Marketplace…
Read MoreYelena Epova Named Chair of the Board of the Georgia Council for International Visitors
Appointment emphasizes Epova’s commitment to international business Jan. 29, 2015- Habif, Arogeti & Wynne, LLP, (HA&W) the largest Georgia-headquartered tax, accounting and business advisory firm, is pleased to announce that Yelena Epova, partner-in-charge of the firm’s International Services group, has been named chair of the board of the Georgia Council for International Visitors (GCIV). Epova…
Read MoreRefund for Restaurants? New Georgia Regulations Clarify Sales Tax Rules
The Georgia Department of Revenue has issued a new regulation that clarifies the sales and use tax rules for restaurants and other establishments that sell prepared food. Rule 560-12-2-.115 is highly relevant to taxpayers in the food and beverage industry. It enumerates taxable and tax-exempt items and provides concrete examples explaining how the sale of…
Read MoreHA&W Audit Support Services Allow Client to Obtain $500 Million in Refinancing from Lender
Illinois Adopts the Nation’s First Automatic Retirement Fund
On January 4, 2015, the Governor of Illinois approved an innovative approach for residents to save for retirement. The legislation (S.B. 2758, Act 98-1150) will require employers that currently do not offer qualified retirement plans to withhold a percentage of an employee’s wages and contribute those amounts to the new Illinois Secure Choice Savings Program…
Read MoreLook-Through Rule Under I.R.C. Section 954(c)(6) Is Extended
The President signed The Tax Increase Prevention Act of 2014 on December 19, 2014. The new Public Law No. 113-295 (H.R. 5771) retroactively extended various tax provisions that had expired as of December 31, 2013. A U.S. international tax provision under I.R.C. Section 954(c)(6) was extended for the year 2014 through December 31, 2014. This provision is…
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