Changes in Florida Discretionary Sales Tax effective January 1, 2017

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From the Desk of Jennifer Kobylarz, CPA, MST, Tax Staff As we get closer to end of another year; we start compiling year-end reports, payroll, 1099’s, etc., please be aware of sales tax changes/increases that should be addressed immediately in your data processing systems effective January 1, 2017. As you may know, Florida voters passed a […]

The Dieselgate Debate Continuum

By Peter Goodrich, Tax Services The Volkswagen emissions scandal settlement agreement is stirring perhaps one of the greatest accounting debates in the history of the automotive industry. While this might not sound as exciting to any casual observer, the results could benefit Volkswagen dealers astronomically as far as tax outcomes are concerned. While the determination of […]

“Dieselgate”, Dealerships and Uncle Sam

By Peter Goodrich, Tax Services, Rosenfield & Co, PLLC There has been a lot of speculation regarding the Volkswagen emissions scandal, the magnitude of the settlement payouts and their respective tax implications to dealers. While the taxability of these payouts has not yet been solidified, there is a position that will likely be taken by […]