Monday, January 7, 2008

A little more notice would have been nice

A new state sales tax code took effect New Year's Day. Businesses only learned about the changes — which, at least initially, will complicate their bookkeeping — in early December.

Somewhere along the way the Department of Finance and Administration dropped the ball on getting word out to businesses so they could make necessary adjustments for the changes in sales tax collection.

On the Friday before Christmas, the DF&A was explaining its goof and the overall situation to the Arkansas Legislative Council.

You'd think the DF&A would have gotten word out sooner to businesses and the public since the changes include adding sales tax at the point of delivery and lifting the $2,500 sales tax cap on retail purchases and services.

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