188bet亚洲真人体育下载 helping fight taxes on accounting services

In 2018, 亚利桑那州, 加州, 伊利诺斯州, 路易斯安那州, 内布拉斯加州, 新泽西, Virginia and West Virginia filed legislation that would tax professional services, including those services provided by CPA firms. The American Institute of CPAs’ State Regulation and Legislation team is working with state CPA societies and other professional groups to educate state lawmakers about the burden a tax on accounting services places on both the profession and the public.

加州了 参议院993号法案 to place a tax on services in exchange for a cut to sales taxes. According to Senator Robert Hertzberg, the sponsor of the bill, the adoption of the bill would create $14 billion of revenue – the amount lost in cutting sales tax.

The legislation received pushback from business groups and trade associations alike. Over 100 business organizations filed comments condemning the bill, including the 加州 Society of CPAs (CalCPA) and the Professional Services Alliance (PSA) – of which the 188bet亚洲真人体育下载 is a member.

The letter filed by the PSA expressed concern over the burden for businesses collecting sales taxes and the concern that individuals would look to out-of-state businesses for services in the future if the legislation were to pass.

Thanks to the CalCPA and the PSA’s concerted efforts, 参议员迈克·麦奎尔, chairman of the Finance Committee, decided to further study the bill and not take a vote on the legislation. The 188bet亚洲真人体育下载 will continue to monitor these types of bills in the future as states 搜索 for alternative means of revenue.