I have blogged quite a bit on heightened audit and tax controversy issues due to the nature of federal and state coffers. One big area of audit activity is use tax. The jurisdictions are going out pretty aggressively after those unreported revenues. So, when our guest blogger Diane Yetter asked if I might be interested in an educational post on the accrual of use tax on taxable purchases, I jumped on it! For those of you who don’t know Diane, she is Diane L. Yetter, CPA, MST. She is a strategist, advisor, speaker and author in the field of sales and use tax and the president and founder of YETTER, a sales tax consulting and tax technology firm. She is also founder of The Sales Tax Institute, a premier think tank that offers live and online courses to educate business professionals about sales and use tax. Below is a great discussion use tax and requirements you need to consider for compliance and automation….read more
At the recent IPT conference held in Orlando, FL I had the opportunity to hear a key note speaker by the name of Garrison Wynn. He is a comedian, consultant and trainer, and author who wrote a book which is the culmination of over 15 years of experience and research with regards to what makes people successful. It is titled, “The Real Truth About Success”. What Garrison Wynn found was that some of the things that we all take for granted in terms of “success factors” and traits of successful people are not actually fact. Wynn’s research looks at the fact that the best and the brightest may not always be the most successful. People may use particular traits or strengths of nature, character and circumstance to get out ahead of the competition.read more
Today kicked off the first full day of the 37th annual Institute for Professionals in Taxation (IPT) conference in sunny Orlando, Florida at the Marriott Renaissance at Sea World…and there was a lot going on. Traci and I were surprised by Cecilia, one of the amazing penguins from the Sea World complex. Who knew that we would learn all about the main species, habitat and habits of penguins on the first day of IPT? Nice surprise!
We loved the opening session or key note presented by Garrison Wynn, founder and President of Wynn Solutions, a professional speaker, consultant and trainer, comedian and author. His latest work “The Real Truth About Success” is the culmination of ten years of interviews (and surveys) with more than 5,000 top performers/leaders in their fields.read more
As most of you know, Office 2013 has already been released. However, for most of us tax pros who work at large companies (or even small ones), it usually takes a while for our corporate IT groups to adopt and fully implement and test new changes to our desktop environments. That is actually not such a bad thing, as you get to learn from the early adopters of new platforms and toolsets. And, since Office is such a big part of our business lives…it can be a big help to learn from others.
One of the big benefits of the new Office 2013 is the focus of using your office tools on the cloud.read more
Always love getting the tax updates at industry conferences from our Big Four colleagues and others out there who also have the arduous task of keeping abreast of the latest politics, legislative discussions and ongoing debates in Federal and State corporate taxes. At the Association for Computers in Taxation (ACT) conference in Clearwater Beach at the end of May, we had one such assimilation of the facts as well as some good discussion on what folks thought that would mean for us corporate tax pros trying to get ahead of it all.
Rebecca DiGangi and Dustin Clements of Ernst & Young started us out with a status and current thinking on the ever twisting and frustrating conversation of corporate tax reform.read more