The U.S. Senate on late Monday approved the long-debated Internet sales tax proposal, known as the Marketplace Fairness Act, by a bipartisan vote of 69 to 27.
Probably the most important bit of news for bricks-and-mortar retailers that broke over the past week is that the Senate voted to move forward with the Marketplace Fairness Act.
The U.S. Senate voted to move forward with the Marketplace Fairness Act, legislation that would allow states to force retailers to collect online sales taxes, if the states choose to do so.
Depreciation is a commonly misunderstood area of accounting for property owners. In particular, many shopping center owners fail to approach it in the most advantageous way.
Proactively managing taxes should always be top of mind for businesses at year-end. Recent Congressional actions and extension of the Bush-era tax cuts are serving as this year’s reminder.
The National Retail Federation has announced its support of a tentative bipartisan agreement that would temporarily extend Bush-era tax cuts for all taxpayers regardless of income in return for extending unemployment benefits.
Jones Lang LaSalle announced it has formed an alliance with the Property Tax division within Thomson Reuters’ Tax & Accounting business to provide tax mitigation services to corporate real estate clients.