Florida Made Exemption Permanent for Manufacturing Machinery and Equipment

The Florida sales and use tax exemption for industrial machinery and equipment previously scheduled to expire on April 30, 2017 has become permanent. Effective July 1, 2016, the exemption for machinery and equipment was expanded to include: Recycling industries classified under code 423930 of the North American Industry Classification System (NAICS) (2007) and postharvest machinery…


Tennessee Says “No Presence, No Problem”

Out-of-State Dealers operating in Tennessee should register by March 1, 2017, and begin collecting Sales Tax by July 1, 2017.  This rule was effective January 1, 2017, and provides that out-of-state dealers with no physical presence in Tennessee who engage in regular solicitation of consumers in Tennessee and who make sales exceeding $500,000 to consumers…


7th Annual Suit Drive 2017

Davis & Davis LLC is hosting their 7th annual Suit Drive benefiting Metrocrest Services from May 1st to May 31st. We are pleased to add two new drop off location partners- GS Wealth Management and Palter Stokely Sims, PLLC. Drop-off your gently used business suits, ties, separates, shoes, purses, and other accessories at our office and we…


Voluminous 2016 Sales Tax Law Changes Burdens Businesses and Challenges Compliance

State legislatures were busy in 2016 making changes to sales and use taxes. There were 556 sales and use tax changes at the state, local and county level, based on the annual Sales Tax Rate Report per Vertex, Inc. California lowered its rate from 6.5 to 6.25 percent; however, taxpayers saw no change in their…


Davis & Davis LLC Sponsors Convergence 2017

  Davis & Davis is thrilled to be a Silver Sponsor for Convergence 2017.  Convergence 2017 is the annual premier educational event for the North Texas Financial Community hosted by the Dallas CPA Society.   It will be held on Friday, May 12, 2017, at the InterContinental Dallas Hotel.  Registered attendees will receive 8 hours of CPE…


Pennsylvania Statutory Amnesty

Pennsylvania – From April 21 through August 17, the Pennsylvania Department of Revenue Tax will waive all penalties, collection and lien fees and one-half of the interest due for businesses that file delinquent tax reports and pay all taxes due, or amend reports that underreported taxes and pay the taxes due. Reports originally due to…