tax

 

Addressing the Channels Hot Issues

By Michael Fair, MarketRace Hello, my name is Michael Fair and I am a founding partner of MarketRace, a channel consulting company based in Denver. I will be a regular participant going forward on the Peer to Peer blog and will be writing about the many things I see in the channel space with regard […]

House Members Seek Permanent Internet Tax Ban

The House Ways and Means Committee is considering a bill that would keep the Internet tax-free permanently. Rep. Anna G. Eshoo, D-Calif., introduced the Permanent Internet Tax Freedom Act of 2007 on Jan. 31. Congressional members on both sides of the aisle co-sponsored the bill, including Rep. Bob Goodlatte, R-Va. The first Internet tax moratorium […]

BillSoft Gains Certification From Florida Department of Revenue

BillSoft Inc. (Booth 720) announced that its EZGeo and EZGeo Online tax jurisdiction assignment products have received CST Database Certification by the State of Florida Department of Revenue for address to jurisdiction assignment. The Florida Department of Revenue requires an overall accuracy rate of 95 percent for certification. EZGeo and EZGeo Online surpassed this rating […]

Excise Tax on Communications Ends

Service providers no longer are paying the 3 percent federal excise tax on longdistance, wireless, VoIP, prepaid and other communications traffic. The collection end date was Aug. 1, but some carriers, including Verizon Communications Inc., stopped earlier. The U.S. Treasury Department in May 2006 said it would concede the legal fight over the federal excise […]

BillSoft Releases EZTax Bundler

Communications taxation company BillSoft Inc. on Thursday announced it has released EZTax Bundler to provide customers with accurate taxation when bundling multiple products and services together. According to the company, EZTax Bundler helps users create a bundle definition file, which contains a number of user-defined bundles that map a bundled product offering to a number […]

BillSoft Announces the Release of EZTax ASP

BillSoft Inc. has released EZTax ASP for real time tax calculation, which provides online storefront sellers with immediate taxation for their goods and services sold over the Internet. The offering is an XML Web service that can be used to calculate taxes and adjustments on any transaction supported by EZTax. Applications send a single transaction […]

Treasury Department Repeals Excise Tax on Long-Distance Calls

The U.S. Treasury Department said on Thursday it would concede the legal fight over the federal excise tax on long-distance telephone service, and require the IRS to issue refunds to consumers and businesses for proceeds paid over the past three years. The 3 percent tax originally was established in 1898 as a “luxury” tax on […]

CCH Tackles Form 1041 in Audio Conference

Navigating Form 1041 and the Upcoming Storm will be the subject of a live, 100-minute audio conference to be held Tuesday, May 23, at 2 p.m. Eastern Daylight Time. The conference will be presented by CCH, a Wolters Kluwer business and provider of tax information, software and services for telecom and other industries. Robert Barnhill, […]

WSJ: Treasury Department Might Cut Phone Excise Tax

The Wall Street Journal reported on Friday the U.S. Treasury Department is developing a plan to discontinue a 3 percent federal excise tax on long-distance and wireless telephone calls. The paper also said the government is considering refunding billions of dollars to consumers and businesses that have paid the tax. “Government officials are holding closely […]

Its Time for a Change in Subagent Compensation

In an industry beset by continual change, it is surprising to see certain business processes remain static. For example, the business process of commission splits and 1099 taxation has not changed in decades. Isnt it time our industry consider some alternative compensation models for indirect sales partners? Approximately 35,000 businesses and individuals earn some or […]

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