Multistate – AICPA Code of Professional Conduct Revised (January 28, 2014)

SALT Report 3231–Journal of Accountancy article written by Ellen Goria, CPA, CGMA:  The American Institute of Certified Public Accountants (aicpa.org) has revised the Code of Professional Conduct.  On January 28, 2014 the Professional Executive Ethics Committee (PEEC) adopted the changes Continue reading Multistate – AICPA Code of Professional Conduct Revised (January 28, 2014)

Illinois – New Sales Tax Allocation Rules

SALT Report 3230 – The Illinois Department of Revenue issued new rules to comply with the “Supreme Court’s decision in Hartney Fuel Oil Co. v. Hammer (11/21/13), and provide Illinois businesses necessary guidance about how they should allocate the local Continue reading Illinois – New Sales Tax Allocation Rules

Hawaii – Click-Through Legislation Introduced (HB 1651)

SALT Report 3229 – On January 17, 2014, Rep Isaac W. Choy introduced bill HB 1651.  The bill “requires the collection of use taxes by sellers of tangible personal property who enter into agreements under which a person in the Continue reading Hawaii – Click-Through Legislation Introduced (HB 1651)

California –BOE Adopts Amendments to Regulation 1705 Relief From Liability

SALT Report 3228 – This proposed Regulatory change was adopted during the BOE’s January 16, 2014 meeting held in Sacramento.  Regulation 1705, Relief From Liability addresses the circumstances under which “a person may be relieved from liability for the payment Continue reading California –BOE Adopts Amendments to Regulation 1705 Relief From Liability

New York – Indirect Audit Method Upheld; Personally Liable as Responsible Officer

SALT Report 3227 – This determination from the New York division of tax appeals highlights the use of indirect audit methods and corporate officer liability.  Indirect audit methods are used during sales and use tax audits to the extent records Continue reading New York – Indirect Audit Method Upheld; Personally Liable as Responsible Officer

Minnesota —Taxable Digital Products Fact Sheet Revised

SALT Report 3226 – The Minnesota Department of Revenue has revised the fact sheet on digital products to reflect the changing transactional nature of sales and use tax.  The document provides current examples of taxable and exempt downloaded products including Continue reading Minnesota —Taxable Digital Products Fact Sheet Revised

Maine –Revised Guidance for Bad Debt Credit Calculation

SALT Report 3225 – Maine issued revised guidance on January 22, 2014.  Retailers are responsible to remit sales tax to the state whether or not the retailer has received payment from the customer.   Bulletin No. 29 – Credit for Certain Continue reading Maine –Revised Guidance for Bad Debt Credit Calculation

Illinois – Independent Tax Tribunal Deadline to Elect Transfer February 1, 2014

SALT Report 3224 – “Beginning January 1, 2014, protests of notices of deficiency, notices of tax liability, and notices of claim denial for more than $15,000 in tax, exclusive of penalty and interest, will be under the jurisdiction of the Continue reading Illinois – Independent Tax Tribunal Deadline to Elect Transfer February 1, 2014

North Carolina – Amazon to Begin Collecting Use Tax February 1, 2014

SALT Report 3223 – After a long battle with the North Carolina Department of Revenue beginning in 2010, Amazon has confirmed that it will invest in the state and begin collect tax on February 1, 2014.  With the addition of Continue reading North Carolina – Amazon to Begin Collecting Use Tax February 1, 2014

California – BOE Chairman Jerome Horton is Hosting a Nonprofit Financial Conference on March 21, 2014

SALT Report 3222 – Jerome Horton (Chairman of the California Board of Equalization)along with the Franchise Tax Board, El Camino College, the Weingart Foundation, the CSUDH Foundation, the Los Angeles County Office of Workplace Programs and the California Educational Solutions Continue reading California – BOE Chairman Jerome Horton is Hosting a Nonprofit Financial Conference on March 21, 2014