BizTaxBuzz

John Cummings CORPORATE TAX: Blogger John Cummings supplies the Business Finance community with reporting and...more

What’s Your Sales Tax Compliance Risk? Take This Simple Quiz

Got a grip on nexus? Or has it got you by the throat?


Your customer exemption management: Adept or inept?


Are your use tax processes …

a. A well-oiled machine?

b. More or less adequate?

c. What’s a use tax?


Here’s a quick way to find out. more

Companies Ignoring Unclaimed Property Laws

Earlier this month I noted (here) that for cash-strapped states, turning up the heat on unclaimed property audits is “basically a no-brainer because compliance with unclaimed property regs is so poor.”


A new poll from the Tax and Accounting Business of Thomson Reuters confirms that many companies are indeed out of compliance and, whether knowingly or not, are courting audit penalties. more

House Passes Goat Hair Tariff Bill

Manufacturing firms today are celebrating the House’s approval of what the National Association of Manufacturers is calling “a jobs-creating, tax-cutting, competitiveness-enhancing package” of tariff suspensions on hundreds of raw materials and other inputs to industrial processes. The bill is a regular in Congress and usually goes by the name of the Miscellaneous Tariff Bill, though this year Democrats (in pro-business mode) have given it a snazzier moniker: the Manufacturing Enhancement Act. more

Facebook’s Future?

There must be some serious teeth-grinding going on among Facebook executives today after their product received a lower customer satisfaction rating than the IRS’s e-filing program in the American Customer Satisfaction Index E-Business Report (see the survey results here). Larry Freed, president and CEO of ForeSee Results, which produced the report, noted that “privacy concerns; frequent changes to the website; and commercialization and advertising adversely affect the [Facebook] consumer experience.”


Not what Zuckerberg and Co. want to hear. But if they can get past the sting of being outclassed by the IRS, they can take some comfort in the fact that tax authorities worldwide may soon be among their most enthusiastic customers. more

Best Country for R&D Tax Credits Is … France?

You might think that, given the country’s notoriously high income tax rates (both personal and corporate), few companies would be knocking on the doors to set up shop in France and domestic businesses might well be lining up to pull out.


Au contraire. Despite its high tax burden, France is among the best countries in the world in which to start or expand a business, according to a story today in IndustryWeek. more

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