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Most Unusual Sales Tax Changes Last Year

The Tax & Accounting business of Thomson Reuters has compiled its annual 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.

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Straighter teeth just got cheaper in Arizona. Orthodontic devices are no longer subject to sales and use tax.

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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.

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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.

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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.

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The legalization of recreational marijuana comes with a hefty tax. Both Washington and Colorado are taxing pot at a whopping 25 percent.

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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.

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Most Outrageous Tax Deductions of 2015

The Minnesota Society of Certified Public Accountants recently surveyed its CPA members in public accounting on the most outrageous tax deductions clients tried to take on their tax returns. Their responses included everything from pets and weddings to cars impounded by the police.

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Top Fraud Predictions for 2015

Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Association of Certified Fraud Examiners who were asked for their top fraud predictions for 2015.

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Are You Ready for Tax Season?

Preparing your office for the race to April 15

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Top Accounting Technology Stories in 2014

Our editors’ picks for the biggest technology stories in 2014.

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Top Stories in Accounting in 2014

Our editors’ picks for what made news in the profession this year

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Top Tax Stories of 2014

Our editors’ picks for the biggest stories of the year in tax

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Weirdest Sales Taxes of 2014

The Tax & Accounting business of Thomson Reuters has rounded up its annual list of quirky sales tax laws for 2014.

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Obamacare Tax Problems to Watch Out For

Affordable Care Act-related tax issues await CPAs and those who prepare their own returns this upcoming tax season, according to the National Conference of CPA Practitioners.

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10 Must-Have Apps

Don't go to work without these 10 apps every business-minded CPA should have on their smart devices.

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2015 in Numbers

Your peers' predictions for the next year in accounting

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