Effective July 1, 2013, the vendor’s compensation rate used on Louisiana Sales Tax and Louisiana Hotel/Motel Sales Tax returns has been changed to .935%. The compensation rate has been lowered from the old rate of 1.1% and is allowed only on returns which are timely filed and paid. For more information, please visit the Louisiana Department of Revenue website.
The Internal Revenue Service has launched a new Affordable Care Act Tax Provisions site to educate individuals and businesses on how the health care law might affect them. You can access the site here. The home page of the site includes three sections explaining the tax benefits and responsibilities for individuals and families, employers and other organizations, with links and information for each group. The site also provides information about tax provisions that are in effect now and those that will go into effect in 2014 and beyond.