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Connecticut CPA
g
September/October 2014
The July issue of CTCPA Member
eNews reported that CTCPA Execu-
tive Director Art Renner had just been
made aware of an acceleration of the
timetable to submit monthly sales tax
reports to the Connecticut Department
of Revenue Services (DRS), from the
last day of the following month to the
20th of the following month.
The change was one provision of an
extremely lengthy piece of legislation
concerning the operations of the DRS.
Apparently it was part of an amend-
ment submitted after the bill's initial
introduction. The overall bill unani-
mously passed both legislative bod-
ies in the waning days of the legisla-
tive period and was signed into law by
Governor Dannel Malloy on June 11,
2014. As adopted, the legislation was
to become effective October 1, 2014.
Subsequently, the DRS announced it
was postponing the start of the earlier
filingsuntilearly2015.
That aforementioned issue of Member
eNews included a survey asking mem-
bers how this change would affect their
firms and their clients. For electronic
media, the open and response rate to
that alert and accompanying survey
were extremely high. Of those respond-
ing to the survey, 91 percent believe
the accelerated timeline for filing
sales tax reports with the Department
of Revenue Services (DRS) will have
an adverse effect on their clients.
Eighty-seven percent of respondents
also believe it will adversely affect
their client service capability.
As a result of these significant re-
sponses, the CTCPA Board of Direc-
tors agreed that the issue should be
pursued with appropriate Connecticut
officials.We'vearrangedameetingin
September with DRS leadership and
CTCPA members who can speak di-
rectly to the problems caused for the
small business community by this re-
ductionoftimetofilemonthlysalestax
returns. We will keep you apprised of
developments on this important issue.
Monthly Connecticut Sales Tax Reports Must Be Filed by
the 20th of the Following Month, Beginning Early 2015
CTCPA Pursues Issue with Connecticut DRS Leadership
Shortening the monthly reporting cycle to the 20th of the following month
from the end of the following month will have an adverse effect on my
clients or my employer.
Shortening the monthly reporting cycle to the 20th of the following
month from the end of that month will have an adverse effect on
my practice and/or my ability to serve my clients.
What does this change mean to members and their clients? >>
Practice Alert
We surveyed members as part of July's Member eNews:
Strongly agree
Agree
Neither agree
nor disagree
Disagree
Strongly disagree
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Strongly agree
Agree
Neither agree
nor disagree
Disagree
Strongly disagree
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%