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Posts Tagged ‘taxes’

Metro Jackson sales tax bill to fund water/sewer system advances

JACKSON — Mississippi legislators have advanced a bill that could allow up to a 1 percent sales tax in metro Jackson to help fund improvements to the water and sewer system used by the capital city and some suburbs. The tax would be put in place only if it’s approved by at least 60 percent [...] [...]

Last minute tax advice for 2012 (access required)

by Becky Gillette Published: April 15,2012

Tags: dividends, IRS, tax penalties, taxes, wages

So it is tax day, this year on April 17 due to a Monday Emancipation Day holiday on April 16. But you haven’t filed a return, or asked for an extension. If you have asked for an extension, you might not have paid the estimated taxes due. Any of those things could bode badly for [...] [...]

Profile: Paul Calhoun, Haddox Reid Burkes & Calhoun CPA’s (access required)

Paul Calhoun is happy being a CPA and serving as managing partner of the Haddox Reid Burkes & Calhoun firm, but he can also imagine himself being content working as a mechanic on small engines. Maybe that’s why he enjoys riding motorcycles during leisure time. “People might be surprised to learn that about me,” he [...] [...]

Pickering revises amount owed by Davis on credit card charges

SOUTHAVEN — The office of Mississippi Auditor Stacey Pickering is revising the amount that Southaven Mayor Greg Davis must repay to taxpayers after aldermen determined that about $6,000 in charges to the mayor’s city-issued credit card were not city-related expenses. “We didn’t have enough documentation to justify approximately $6,000 as city expenses,” Aldermen Ronnie Hale [...] [...]

Court rules schools do not have to share Chevron tax payments

by Associated Press Published: April 13,2012

Tags: county government, courts, education, energy, gas, judges, judicial, judiciary, Oil, petroleum, REFINERY, schools, students, taxes, teachers

PASCAGOULA — A 2007 state law is unconstitutional in requiring the Pascagoula School District to share some tax dollars generated from Chevron facilities with other districts, the Mississippi Supreme Court ruled yesterday. The ruling overturned a decision by a Jackson County judge who upheld the law. The Supreme Court had heard the Pascagoula School District’s [...] [...]

Delta community collects $100K to pay IRS tax lien

by Associated Press Published: April 10,2012

Tags: arears, bond, bonding, federal agency, federal government, municipal government, tax collections, tax lien, taxes

METCALFE — The town of Metcalfe has collected $100,000 from a bonding company and will use the money to pay on a tax lien imposed by the Internal Revenue Service. The town sued former mayor Shirley Allen, former town clerk Brenda Gibbs and several former and current aldermen who served between 1999-2009 to recoup money [...] [...]

Gov. Bryant revises his proposed state budget

by Associated Press Published: March 28,2012

Tags: appropriations, budget, economy, executive, governor, recession, revenues, spending, state government, tax collections, taxes

JACKSON — Gov. Phil Bryant is revising his state budget for the year that begins July 1. In his new plan, released yesterday, the Republican no longer asks local school districts to dig into their own financial reserves to offset state funding cuts. Instead, he proposes giving elementary and secondary schools, community colleges and universities [...] [...]

State House passes inventory tax legislation

JACKSON — Businesses that pay inventory tax would get a financial break under a bill making its way through the Mississippi Legislature, where the issue has stalled in the past several years. Supporters say the plan could spur economic growth by helping small businesses keep more of their own money that they could use to [...] [...]

Embattled mayor surrenders to authorities, charged with passing school bus

SOUTHAVEN — Southaven Mayor Greg Davis has surrendered to authorities after he was charged with passing a school bus in a private vehicle that displayed blue police-type lights. The Commercial Appeal reports the misdemeanor charge, stemming from an incident last week. The embattled mayor was already the target of state auditors and the FBI investigating [...] [...]

House passes tax break for newly licensed doctors

by Associated Press Published: March 27,2012

Tags: bills, doctors, health, health care, law, lawmakers, legislation, legislative, legislators, medicine, physicians, state law, tax breaks, taxes

JACKSON — Some new physicians in Mississippi could get a tax break in another effort by the state to attract more doctors. The House passed the measure yesterday, 120-1. It would allow newly licensed physicians to not pay state income taxes on income exceeding $100,000 a year. The break from the 5 percent tax rate [...] [...]

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