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Tag Archives: taxes

Time to look ahead at 2019 tax year

By CALLIE DANIELS BRYANT Pencils down. Papers filed. Tense shoulders can now relax – we’re a month past the 2018 tax deadline, unless your tax return was smaller than hoped, or worse, you owe IRS.  It’s never too early to plan ahead on how you can have a better tax season by 2019’s deadline, so we spoke to accountants and ...

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JOHN FLETCHER: Internet sales tax gets its day in court

» Supreme Court hears arguments in major case challenging Quill Like kids queuing for the next iPhone or Star Wars episode, state and local tax experts from across the country last week camped out overnight to witness U.S. Supreme Court arguments in the internet sales tax case, South Dakota v. Wayfair.  The online seller, along with Overstock.com and Newegg, challenged ...

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Many other states have increased gas tax for transportation

Mississippi is not the only state struggling with transportation needs, according to a report by the Legislature’s Performance Evaluation and Expenditure Review Committee. The report released this week cites the National Conference of State Legislatures as saying states have been in “a near constant state of crisis for about a decade” in terms of funding for transportation needs. The report ...

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Tax break might mean relief for craft brewers

By BECKY GILLETTE Here’s news you can lift a mug and do a “cheers” to. In late December the U.S. Congress passed a two-year version of the Craft Beverage Modernization and Tax Reform Act, which cuts the federal excise tax for craft breweries in half from $7/barrel to $3.50/barrel for domestic brewers producing less than two million barrels annually. The ...

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State revenue collections continue modest rebound

By BOBBY HARRISON / Daily Journal JACKSON – State revenue collections, which have been subpar in recent years, continue to make a modest rebound. Revenue collections through the month of January for the current fiscal year are $52.1 million, or 1.8 percent, above collections during the same time period for the last fiscal year, according to a report compiled and ...

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