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Welcome to the August 2015 issue of the HA&W State & Local Tax (SALT) Newsletter.
With dozens of different taxes imposed by the 50 states (and thousands of local jurisdictions), we recognize how challenging it is to keep up with current issues and developments. This newsletter is designed to provide insights on developments in state and local taxes including new legislation, regulations, rulings and cases addressing issues such as corporate and personal income taxes, sales and use taxes, nexus, franchise/net worth taxes, etc.
This issue of the newsletter includes articles addressing (i) new tax legislation in Washington that further expands nexus standards, (ii) a California tax credit where taxpayers can state the amount of credit they want, (iii) the Multistate Tax Commission’s recently released working draft of a new model sales factor sourcing regulation (Part 1 of 2) and (iv) when individuals may be held personally liable for a company’s delinquent sales tax obligations.
In case you missed prior issues of this newsletter, please click here.
If you have any comments, questions or suggestions regarding current or future topics, or if you would like to learn more about HA&W’s SALT Practice, please email us at jeff.glickman@hawcpa.com. Thank you.
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Jeff Glickman, J.D., LL.M.
Partner-in-Charge, State & Local Tax Practice. |
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Washington 2015 Tax Legislation: More Economic and Click-Through Nexus Provisions
By Jeff Glickman, SALT partner
On July 1, 2015, Washington’s governor signed two tax bills as part of the state’s budget package. These new bills contain a number of provisions that may impact your business. Read More
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State Your Own Tax Credit Amount:
California Competes Tax Credit
By Jeff Weinkle, SALT manager
California has established a negotiable income tax credit where the taxpayer can actually request the amount of credits they want. Read More
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Multistate Tax Commission Releases Working Draft of Model Market-Sourcing Regulations: Part I
by Tina Chunn, SALT senior manager
The Multistate Tax Commission has released a draft of market-sourcing regulations which provides guidance on the sourcing of receipts from in-person, professional and other services. Read More
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Employers, Officers and Owners: You May be Personally Liable for Your Company's Taxes
By Jeff Weinkle, SALT manager
Officers, certain employees and owners of a business can be held personally liable for the failure of a company to collect and remit certain “trust taxes,” most notably sales/use and withholding taxes. Read More
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Have a Sales Tax Exemption?
Don’t Forget Use Tax
By Jeff Glickman, SALT partner
When structuring a transaction to minimize sales tax, don't forget to consider use tax, particularly when the state of purchase and the state of use are not the same, as illustrated by a recent Alabama Tax Tribunal ruling. Read More
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To Tether or Not to Tether…
That Is the Sales Tax Question
By Jess Johannesen, SALT senior associate
What may seem to be an inconsequential change in how a product or service is provided or delivered can have a significant effect on the tax result, as it did for a hot-air balloon ride provider in Missouri. Read More
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About HA&W's State & Local Tax Practice
HA&W’s State & Local Tax (SALT) practice advises clients on the state and local tax implications of their business operations, allowing clients to strategically minimize their liabilities and risks. Our team has over 50 years of combined SALT experience in industry, state government, public accounting, and private law practice. We specialize in all areas of SALT, including matters related to corporate and personal income taxes, sales/use tax, nexus, franchise/net worth taxes, credits and incentives, and mergers & acquisitions. In addition, we represent clients in administrative matters before state revenue departments around the country, including audit defense and settlement negotiations, pursuing voluntary disclosure agreements, and obtaining letter rulings.
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