Even after Amazon agrees to pay taxes in some states, they are still fighting New York over Use Tax. See this article in Forbes by Robert W. Wood:http://www.forbes.com/sites/robertwood/2013/08/31/amazon-picks-supreme-court-tax-fight-over-new-york-but-collects-in-virginia-georgia-10-others/It is interesting that Amazon will fight some battles and give in on others, pay sales and use taxes some places but not others. If they win in New York, will they try to get things overturned elsewhere? For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com Follow me on Twitter! @bstonercpa
Would ‘Very High Taxes’ Keep Unemployment Rates Low?
An interesting take on how high tax rates cause or don’t cause unemployment by Kelly Phillips Erb, contributor to Forbes:http://www.forbes.com/sites/kellyphillipserb/2013/09/03/would-very-high-taxes-keep-unemployment-rates-low/Looks like the fluctuations of both tax rates and unemployment yield decidedly mixed results.For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com Follow me on Twitter! @bstonercpa
Beware of the Tax Code Bearing Gifts
As this posting by Roger Russell in AccountingToday says, Depreciation can be a great benefit, but beware of recapturing it on the sale of the asset at much higher rates:http://www.accountingtoday.com/news/Beware-Tax-Code-Bearing-Gifts-67927-1.htmlThis is where planning can help reduce or virtually eliminate the high recapture rates. Call or email me for more information on this. For financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com Follow me on Twitter! @bstonercpa