Wednesday, November 26, 2014

Corporate tax documents posted

The Rhode Island Division of Taxation yesterday posted two documents: 
 Comments on the exposure drafts should be submitted on or before December 8, 2014.

Monday, November 17, 2014

Out-of-state LLC and filing fee

The latest Administrative Decision focuses on whether, based on a particular set of facts and circumstances, an out-of-state LLC owes the annual $500 filing fee.

Thursday, November 13, 2014

Seminar for tax preparers

More than 100 tax preparers attended the Rhode Island Division of Taxation's seminar for tax preparers last week at the Community College of Rhode Island campus in Newport.

The session, on November 6, focused mainly on what's new for the coming filing season and what's new for tax year 2015. (A second session, to be held in December in Warwick, is already sold out.)

Division of Taxation seminar at CCRI in Newport

Wednesday, November 12, 2014

Monday, November 10, 2014

Tax savings for Rhode Island employers

Rhode Island Governor Lincoln D. Chafee joined Rhode Island Department of Labor and Training Director Charles J. Fogarty today in Cranston to announce repayment of the funds that the state borrowed to cover unemployment insurance (UI) benefit payments.

As a result of the repayment, six months earlier than scheduled, Rhode Island's 32,000 employers will save more than $50 million in taxes -- including taxes under the Federal Unemployment Tax Act (FUTA) and the state job development assessment - in 2015, and $45 million more (in tax savings) in 2016. "This is a big win for Rhode Islanders and our business community," Governor Chafee said. Please click here for details. 

Friday, November 7, 2014

Unemployment insurance tax; TDI

The Rhode Island Department of Labor and Training today announced the taxable wage base for 2015 for purposes of the state's unemployment insurance tax.

Also today, the DLT announced the employee contribution rate and taxable wage base for 2015 for the temporary disability insurance (TDI) program. For details, click here