Telephones and Taxes

Pull out your cell phone billor even the one for your land lineand look at the long list of federal, state, county and local taxes. The Washington, D.C.-based Council on State Taxation ( ) says state and local taxes imposed on telecommunications services are more than double the average levy on general business.

A council study showed the average effective state and local tax rate on telecom services to be 14.17% compared with only 6.12% on general business. The companies themselves bear part of the compliance burdenin 2004 the average provider filed 47,921 tax returns (over 170 returns per day) compared with only 7,501 returns for an average general business. This reflects the fact that telecom companies have more than 6,683 taxing jurisdictions to contend with.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.