The Florida Department of Revenue recently released Tax Information Publication (TIP) 24A01-02 which announced a reduction in the state sales tax on the “total rent charged for renting, leasing, or granting a license to use real property” from 4.5% to 2% as of June 1, 2024.

We are halfway through the year and we all know how quickly time passes after the summer. Below are the top five things you can do now to make your January 2025 information reporting process go smoothly.

The new legislation eliminates the minimum franchise tax base which was based upon the value of real and tangible property owned and rented in TN. Beginning with tax periods ending on or after January 1, 2024, the franchise tax will be based solely upon apportioned net worth.

Are you looking to catch a financial break in these challenging times? Mark your calendars for the weekend of July 26th – July 28th because it's tax-free weekend in Tennessee.

Here are the top five issues experienced by auditors during field work and ways to resolve them to keep the efficiency you’ve already achieved.