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Washington Explains That Enhanced Delivery Services Create Sales and Use Tax Nexus
Despite the Supreme Court’s ruling that physical presence is no longer a requirement for sales tax nexus, it can still…
Idaho Determines that Flight School’s Aircraft Lease is Subject to Sales Tax
This Idaho ruling demonstrates that wet leases and dry leases are treated differently for sales tax purposes, and that a…
Arkansas Addresses the Sales Tax Treatment of Bundled Computer Services
Bundling taxable and non-taxable goods/services can give rise to unfavorable sales tax consequences that can catch a seller by surprise…
New Jersey Denies Subsidiary’s Interest Deduction on Debt Push-Down
Many types of intercompany transactions are subject to adjustment for state income tax purposes, and taxpayers that don’t properly structure…
Using Big Data Can Give Your Law Firm a Big, Predictive Advantage
At Georgia State University, law and business students are crunching thousands of data points from legal cases to create models…
Corporations Must Pay Transition Tax to Bring Home Tax-Free Future Foreign Earnings
U.S.corporations with operations overseas might have been thrilled with tax reform that lets them bring home future foreign earnings free…
Ballgames, Dinners and Tax Reform: The New Meals and Entertainment Deductions
Say goodbye to tax deductions for business entertainment expenses like baseball tickets and golf outings. It used to be OK…
Cryptocurrency and Taxes: The Impact of Mining, Spending and Trading
When it comes to the challenges of cryptocurrency and taxes, ambiguity reigns. But companies should still plan ahead to avoid future problems.
Blockchain and Retail: What Retailers Must Know About Cryptocurrency
Blockchain and retail: Is it a marriage made in cryptocurrency heaven? Only time will tell. Many major retailers, such as…
Private Equity and Venture Capital Firms Are Still Digesting Trump Tax Reform
The headlines leading up to passage of the new tax law were ominous. Changes requiring private equity and venture capital…
The Next CRE Frontier: Recruiting Artificial Intelligence and Big Data to Boost Projects’ Performance
Alexa, get me our tenant mix recommendations. OK, maybe it’s a stretch to think Amazon’s digital assistant will be providing…
Will Tax Reform Make C Corps Cool Again?
By the end of the 1980s, closely-held C corporations mostly went the way of Members Only jackets and the Commodore…
Lower FDII Tax Rate Lures Foreign IP and Services Back to U.S.
Fiddy. Foe-dee. Eff-Dee-Eye-Eye. Whichever way you pronounce it, the new Foreign Derived Intangible Income (“FDII”) provision of President Donald Trump’s…
Atlanta’s DomestiCITY Wants to Make Affordable Housing Attractive for Tenants & Investors
For a century, low-income urban housing projects in the United States have shared a common aesthetic: imposing, characterless high-rise buildings…
Discounting Pledges
Discounting pledges and accounts receivable can be a confusing topic, so it shows up often as a management letter comment. Depending…
Colorado Jumps on the Market-Based Sourcing Bandwagon
The Governor of Colorado signed legislation H.B. 1185 into law on June 4, 2018, adding Colorado to the list of states that…
South Carolina Rules That Home Depot is a Retailer on its Install Contracts
For a taxpayer that acts as both a retailer and a contractor, distinguishing between the two can be difficult, and…
Georgia Adopts New Rural Zone Tax Credit Regulation
Georgia finalized regulations for a new income tax credit aimed at incentivizing certain businesses and real estate investors to revitalize…
Arkansas Rules on the Taxability of Electronic Services and Products
Arkansas issued two opinions demonstrating the complexity of characterizing technology transactions for sales tax purposes and that certain historically nontaxable…
New York and Connecticut Enact SALT Deduction Cap Workarounds Not Involving Charitable Contributions
New York and Connecticut both passed workarounds to the SALT deduction limitation that do not involve charitable contributions, but will…
Gross Margin Analysis: What to Consider after You’ve Figured Profitability
“Am I making money on what I’m selling?” For a quick, reliable answer to this deceptively simple question, conduct a…
The 12 Areas of Federal Grant Compliance
When designing or improving your organization’s internal controls over federal grant compliance, it’s helpful to always have an auditor’s perspective….
As DoD Relies on Indefinite-Delivery Contracts, So Must Contractors!
The General Accountability Office (GAO) recently determined that approximately 40% of DoD obligations in fiscal years 2015 through 2017, averaging…
M&A Shop Talk- When Asked to Take Paper in the Deal, Don’t Worry
The passing of the 2017 tax reform, the “Tax Cuts and Jobs Act,” will certainly intensify the pressure for maximum…
Opportunity Zones Yield Big Capital Gains Savings
A new federal program will soon allow investors to save big money on capital gains taxes — if they’re willing…
TINA & CAS Thresholds Increased to $2 Million
The Truth in Negotiation Act (TINA) currently requires offerors to certify that accurate, current and complete cost or pricing data…
Georgia Issues Film Tax Credit Guidance Addressing Georgia Vendor Requirements
Production companies in Georgia who purchase or rent property from vendors located in Georgia may not be able to get…
Idaho Rules That Sale of LLC Interest Generates Apportionable Business Income
An Idaho tax commission decision explains when the sale of an LLC membership interest may give rise to apportionable business…
Indiana Relies on Federal Tax Rules to Recharacterize an Intercompany Loan as Equity
States have the authority to adjust federal taxable income (even if the IRS hasn’t) based on federal tax principles, as…
Massachusetts Rules that Credit Recapture Applies in a §338(h)(10) Transaction
When purchasing or selling a business, don’t ignore the potential state income tax impacts of a 338(h)(10) election. By Jess…
Maryland Legislature Enacts Single Sales Factor Phase-In
On April 24, 2018, Maryland Governor Larry Hogan signed legislation HB1794 and SB1090 that will phase-in a single sales factor…
Dental Practice Lifecycle: Growth & Maintenance
After the start-up and acquisition phase is complete and you have a regular patient base established, you’ll find yourself in…
New Form 5472 Filing Requirement for U.S. Disregarded Entities Owned by a Foreign Person
On December 13, 2016, the IRS issued new regulations (T.D. 9796) that requires U.S. disregarded entities owned by a foreign…
The IRS provides additional day to file and pay 2017 taxes following system issues
The IRS announced on Tuesday, April 17, 2018 that it was providing taxpayers with an additional day to file and…
Georgia Legislature Passes Several Tax Bills During Final Days of 2018 Session
By Jeff Glickman, SALT partner The Georgia General Assembly adjourned its 2018 legislative session on March 29, but not before…
New Controlled Foreign Corporation Constructive Ownership Rule
The Tax Cuts and Jobs Act enacted in December 2017 changed a constructive ownership rule that determines whether a foreign…
For Your Reference: Key Dates on the 2018 Tax Calendar
To help you make sure you don’t miss any important 2018 deadlines, we’ve provided this summary of when various tax-related…
Five Measurements of Nonprofit Success: KPIs that Count
At a glance Main takeaway: When it comes to tracking KPIs, nonprofits are not exempt. In fact, for a nonprofit…
Don’t Fear the 360-Degree Assessment
If you’ve spent any time in corporate America, you’ve probably heard of the 360-degree assessment. If the phrase brings to…
Texas Addresses Occasional Sale Exemption for Like-Kind Aircraft Exchange
The occasional sale exemption is a little-known exemption that created big problems for one Texas company. One of the exemptions…
Indiana Provides Guidance on Application of Repealed Throwback Sales Rules
Indiana letter of finding explains when the state’s repealed throwback rule applies to out-of-state sales. By Tina M. Chunn, SALT…
New Jersey Rules that State Cannot Assess Partnership Directly for Tax of Corporate Partner
The New Jersey Tax Court struck down the Division of Taxation’s argument, ruling that a partnership can’t be held liable…
Georgia Taxpayers to Benefit from Expanded Quality Jobs Tax Credit Rules
Significant changes to Georgia’s Quality Jobs Tax Credit allow more taxpayers to qualify and benefit from this credit beginning in…
Buying & Selling Similar Properties? How to Defer Taxes on Like-Kind Exchanges
Ben, an investor in real estate, is curious about taxes on like-kind exchanges. He just finished renovations on an industrial…
Forensic Accounting Outlook: Bringing Life to Numbers While Fighting Crime
The forensic accounting outlook remains positive as demand continues to increase. Learn more with Nicole Ponziani, a senior forensic analyst at Aprio.
Sales Engineers in Manufacturing Are a Best-Kept Secret for R&D Tax Credit
Industrial manufacturers that employ technical sales engineers might be unaware they can take advantage of the R&D Tax Credit. A…
Success Story: A bold housing vision pays off in Atlanta
Centennial Place is one of Atlanta’s most prized commercial properties and a groundbreaking model for urban community development. It features…