From the folks at Thomson Reuters: Thomson Reuters announces Checkpoint Learning CPE courses for Apple iPads. With the entire learning experience available on the iPad®, from course browsing and purchasing, to course completion and submission, accounting and tax professionals can train while traveling, waiting in line, or whenever they have time and internet connectivity.
“Mobile learning is one of the emerging trends in professional education,” said Ken Koskay, senior vice president of learning solutions for the Tax & Accounting business of Thomson Reuters. “And with tablet use on the rise, particularly for businesses, Checkpoint Learning courses for the iPad will enable our customers to complete training anytime, anywhere.”
According to a recent study by Forrester Research Inc., 60 percent of North American online consumers will own a tablet in 2017, and 18 percent of total tablet purchases will be made directly by enterprises. Forrester also notes that the Apple iPad continues to dominate the market, with 52 percent of respondents using an iPad as their primary work tablet.
“The learning curve to figure out navigation on the iPad is minimal — the interface is very intuitive and easy to use” added Koskay.
Checkpoint Learning courses are easily and quickly accessed directly from iPads, laptops or desktops.
“One of the great features of Checkpoint Learning is the ability to start a course on one device, say a laptop, and later complete the course on an iPad. Our courses are fairly agnostic with respect to the device used for access,” said Koskay.
Offering the same full-length, high-quality content available on Checkpoint Learning, mobile users can continue to meet CPE requirements and get vital industry updates, but now with greater ease of where, when, and how they want to access these courses.
Forty select high-quality Checkpoint Learning CPE courses are now available for the iPad, with more titles scheduled for release later this year.
For more information about Checkpoint Learning courses for Apple iPad, visit
great article from Peter Faber at McDermott on what to keep in mind when faced
with an equitable apportionment challenge or when making the case for use of an
alternative apportionment methodology:
State revenue departments have become
aggressive in recent years in asserting that statutory apportionment formulas
do not fairly reflect the in-state activities of corporations. This
article offers practical suggestions for resisting attempts by revenue departments
to depart from the statutory formula and impose alternative
full article here.
ROSELAND, N.J. – February 10, 2014 – ADP®, a leading global provider of
Human Capital Management (HCM) solutions, today shared the results of a new
survey concluding that a strong employment-related tax and payment compliance
program can help lead to benefits beyond financial performance. The survey,
conducted by CFO Research and sponsored by ADP, found that prioritizing
compliance can also help lead to a more engaged workforce, improved corporate
culture and a sharper competitive edge.
shows that compliance is growing in its importance to successful companies of
all sizes,” said Mark Benjamin, President of Global Enterprise Solutions at
ADP. “Unfortunately, some companies are so overwhelmed by the complexity
involved in managing employment-related tax and payment compliance that they
don’t know where to begin. The good news is that many organizations that are
investing in a compliance program and making it a priority are seeing
significant, and sometimes unexpected, payoffs for their businesses.”
today are under increased pressure to ensure they’re in compliance with
applicable laws, even as the volume and complexity of regulations multiply.
Indeed, survey respondents say the need to conform to multiple jurisdictions
(70 percent) and ensure privacy and data security (49 percent) increase
the difficulty of managing employment-related tax and payment compliance.
these challenges, some managers do not make compliance management a priority.
Of the senior finance and HR executives surveyed, more than 33 percent consider
compliance to be a low priority, and 33 percent of respondents say they would
give their company a “C” grade for the way compliance is handled within their
as an Opportunity
contrast, the survey shows companies that invest in robust compliance
management acknowledge it can deliver business results. Fifty-nine percent of respondents
say employment-related tax and payment compliance has a positive impact on
employee productivity and operational efficiency, while 50 percent say it has a
positive impact on their company’s overall profitability.
two-thirds of executives who give their companies a high grade for compliance
are working for organizations that also make it a top priority,” said David W.
Owens, editorial director at CFO Research. “These companies are more likely to
recognize the real benefits that can be delivered by effective compliance
are noticing how effective compliance management can help build structural
capital and boost the bottom line,” Benjamin added. “The benefits of effective
compliance can be enterprise-wide and give leaders the competitive edge they
need in today’s marketplace.”
also note how employment-related tax and payment compliance may help lead to
surprising payoffs they didn’t expect, such as a boost in employee satisfaction
(70 percent) and employee engagement (63 percent), as well as improved
corporate brand and reputation (55 percent). Leadership teams are recognizing
how these improvements can help strengthen their businesses and enable them to
better respond to future regulatory changes. In fact, of the companies who
responded to the survey, 63 percent view investing in compliance as a best
practice rather than a burden.
findings are available to download from http://bit.ly/Bottom-Line-on-Compliance.
An infographic with greater detail on the compliance continuum is viewable at http://bit.ly/CompContinuum.
From the State Tax Group at Deloitte:
During the prior year, the City instituted a Tax Amnesty Program from
September 1 through December 2, 2013, whereby businesses were provided an
opportunity to pay any outstanding tax, interest and fees owed to the City and
have all applicable penalties waived with respect to the LABT as well as
certain other City taxes.
The City has indicated that
following the amnesty period, the Office of Finance will “vigorously pursue a
range of enforcement actions, as applicable,” such as assessment of a 10
percent negligence penalty in addition to the delinquency penalties discussed
above for potential total penalties of up to 50 percent of the liability; and
expansion of the City’s audit program and on-site investigations.
Read the full article here,
which also includes a summary of the Los Angeles Business Tax.
New York, Jan. 28, 2014 — The Tax & Accounting business of Thomson Reuters today revealed a sampling of quirky sales tax changes passed or implemented in 2013.
· Hungry for revenue, two Massachusetts cities increased the tax on meals from 6.25 percent to 7 percent. The cities? Sandwich and Salisbury.
· Straighter teeth just got cheaper in Arizona. Orthodontic devices are no longer subject to sales and use tax.
· Connecticut did away with its luxury tax on yachts, and tax is exempted all together if the boat is docked 60 days or less a year.
· In North Carolina, chiropractors must collect sales tax on nutritional supplements and vitamins provided as part of a patient’s treatment plan, and students must pay sales tax on meals purchased on college campuses.
· Rhode Island eliminated sales and use tax on wine and spirits sold at package and liquor stores from Dec. 1, 2013, through March 31, 2015.
· The legalization of recreational marijuana comes with a hefty tax. Both Washington and Colorado are taxing pot at a whopping 25 percent.
· In Washington state, hiring a personal chef is a taxable service, and the chef is required to collect sales tax. However, if a meal is prepared with raw or undercooked eggs, fish, meat or poultry and refrigerated or frozen for consumption at a later time, and cooked prior to consumption to prevent food-borne illness, then the tax is waived.
The research division at the Tax & Accounting business of Thomson Reuters continually monitors regulatory developments around the world so the thousands of new rules and rates enacted each year are reflected in the company’s indirect tax software platform. ONESOURCE Indirect Tax is used by leading global companies to seamlessly and accurately comply with tax regulations. For more information, visit: http://onesourceindirecttax.com.
From the State and Local group
Responding to a commonly
asked question as to how a series limited liability company (series LLC) must
report its activities for Texas revised franchise “margin” tax purposes, the
Texas Comptroller explains that a series LLC is treated as a single legal
Read the full alert here.
team at KPMG recently published two alerts on nexus determinations that
highlight the fact-specific nature of this issue:
recent rulings the Indiana Department of Revenue addressed whether the presence
of catalogs stored in Indiana prior to distribution would create nexus for
out-of-state companies. The taxpayer requesting the ruling stored its
customers’ catalogs at its facility in Indiana prior to the catalogs being
distributed to recipients across the country, including Indiana. The taxpayer
requested guidance on whether the presence of the catalogs at the Indiana
facility would create income tax and/or sales and use tax nexus for its
With respect to adjusted gross income tax
nexus, nonresident corporations are subject to tax on income derived from
sources within Indiana, including income from tangible property located in the
state and income from doing business in state. The Department observed that the
mere presence of the catalogs, in and of themselves, was not generating any
income for the taxpayer. Furthermore, the presence of the catalogs in Indiana
did not constitute "doing business" as outlined in Indiana’s income
tax regulations. For retail sales and use tax purposes, the Department noted
that the Quill case requires a taxpayer to have some sort of physical
presence in a state before the state can compel an out-of-state taxpayer to
collect and remit sales and use taxes. However, the Department concluded that
the catalogs alone fell short of the physical presence standard articulated in Quill
and were not sufficient to create “substantial nexus” with Indiana. Based upon
the facts provided, the Department concluded that the taxpayer’s customers did
not appear to have an income tax or sales tax filing requirement as a result of
having catalogs stored in the state.
recent opinion, a Washington State appeals court addressed whether an Oregon
corporation selling fuel to Washington customers had B&O tax nexus. All of
the taxpayer’s retail fuel establishments were located in Oregon; however, the
taxpayer made wholesale sales of fuel to approximately 40 Washington customers.
The fuel was delivered to the customers in trucks owned and operated by the
taxpayer and the price of the fuel was marked up to reflect the delivery costs.
The taxpayer did not make efforts to secure additional Washington customers and
had never sent employees into the state to solicit sales or to attend to
customer’s needs. In the taxpayer’s view, its customers purchased fuel solely
based on price and therefore these efforts would be moot. In the course of a
B&O tax audit, it was determined that the taxpayer made $48 million of
fuel sales to Washington State customers during the audit period and had driven
141,491 miles on Washington roads delivering the purchased fuel. The Department
assessed the taxpayer for unpaid B&O tax, interest, and penalties.
After a superior court affirmed the
assessment, the taxpayer appealed directly to the Washington State Supreme
Court, which transferred the case to the appeals court. The taxpayer appeared
to argue that it did not have substantial nexus with the state because it did
not perform any solicitation-related or market-facing activities in Washington,
which it asserted was required to establish nexus. Additionally, because Quill
made clear that simply delivering goods into the state by common carrier did
not create nexus, the taxpayer argued that delivering fuel in its own trucks
should likewise be insufficient to create nexus. The court disagreed with all
of the taxpayer’s arguments. The taxpayer’s activities in the state—its sales
of fuel and delivery of fuel for additional charges to Washington
customers—were substantial and occurred on a regular basis. The court rejected
the taxpayer’s position that physical presence had to be coupled with
market-facing or sales enhancing activities; noting that physical presence was
sufficient and regardless, the taxpayer’s delivery function did enable it to
continue to make sales to Washington customers. With respect to the delivery in
its own trucks versus by common carrier, the court noted that the bright line
rule established in Quill was not available to the taxpayer because it
did not use a common carrier for its fuel deliveries.
out these and other timely alerts at KPMG’s
This Week in State Tax webpage.
From the SALT group at PwC:
New York Governor Andrew Cuomo issued a press release on January 6, 2014 in which he endorsed many of the recommendations previously made by his Tax Reform and Fairness Commission and the Tax Relief Commission. This endorsement increases the likelihood for tax reform in New York. The Governor's press release highlights several areas expected to be addressed by the legislature this year, including a merger of the corporate franchise tax and bank franchise tax, elimination of the corporate income tax on upstate manufacturers, a refundable credit against corporate and personal income tax based on a percentage of property tax paid, and other changes. The more detailed reform proposals previously issued by the Commissions also included requiring mandatory combined reporting, imposing economic nexus standards, single sales factor apportionment with customer sourcing rules, modernizing the sales tax, modifying the estate tax, updating local property tax administration, and simplifying tax administration. These proposals are also likely to be presented to the legislature. All New York taxpayers should consider the implications of tax reform and analyze the provisions in the upcoming FY 14-15 executive budget, which is expected by the end of January.
Read the full alert here.
Thomson Reuters announces Quickfinder Tax & Financial Tools, a comprehensive set of calculators, worksheets and financial tools designed for local tax and accounting firm practitioners. Aimed at bridging the gap between tax preparation software and tax research products, Quickfinder’s modern and intuitive user interface enables tax professionals to save countless hours throughout the year — especially during the peak of busy season.
“Quickfinder Tax & Financial Tools was designed for the modern day tax accountant looking to leverage the power of technology to provide value added services to their clients, while working as efficiently as possible,” said Shari Phelps, Sr. Director Tax Practitioner Segment at Thomson Reuters. “Our user-friendly, comprehensive package arms tax professionals with the tools they need, bringing hundreds of our trusted practice aids to life. We are offering one comprehensive tool set and one simple download at one value price.”
Key features include:
· Individual Income Tax Planner/Calculator to estimate a client’s taxes for 2013 and/or 2014 or computing quarterly tax estimates. “What if” scenarios allow tax professionals to see the impact of various tax planning strategies. It is easy to use, yet comprehensive enough to compute regular tax, alternative capital gains tax, AMT, net investment income tax, self-employment tax and the additional Medicare tax.
· Tax worksheets that cover both tax planning and preparation of returns automatically compute a wide variety of taxable scenarios, saving valuable time and ensuring accurate computations. For example, the product includes worksheets to compute a sole proprietor’s allowable retirement plan contribution whether using a SEP, SIMPLE, or solo 401(k) plan as well as the ability to easily compute and maintain a partner or S shareholder’s basis in his ownership interest.
· Customizable client handouts enable tax professionals to provide clients with valuable tax and business information complete with their firm’s contact information and logo or photo. Professionally designed and written in straightforward, non-technical language, the handouts enable firms to effectively communicate complex tax planning and compliance topics to their clients.
For more information about Checkpoint Quickfinder Tax & Financial Tools, visit their Website.
State & Local Tax team at PwC:
Under Texas Margin Tax provisions, a combined group's cost
of goods sold (COGS) deduction may include expenses from a member that cannot
independently claim a COGS deduction. The Comptroller has taken the narrow view
that each unitary group member is viewed in isolation when determining COGS
expenses that may be included in the combined group's COGS deduction. Texas
taxpayers that have determined certain subsidiaries in a unitary group did not
qualify for a COGS deduction should review their COGS computation to determine
whether refund claims may be filed consistent with the reasoning in this
We expect the Texas Comptroller to appeal to the Texas Supreme
Court. Review by the Texas Supreme Court is discretionary and is initiated by
filing a Petition for Review.
full alert here.