Florida Governor Signs Economic Nexus Legislation
April 26, 2021.
Tax Publications
On April 8, 2021, the Florida legislature passed the long-anticipated economic nexus and marketplace facilitator bill in response to the South Dakota v. Wayfair ruling. Since the U.S. Supreme Court made their decision in South Dakota v. Wayfair, Inc. in 2018, Florida had been one of the last two states (Missouri being...
Read MoreThe Great Nexodus: States Begin Abandoning Click-Through Nexus, Affiliate Nexus & Notice and Reporting Requirements
March 19, 2021.
Tax Publications
While economic nexus stole the nexus crown from physical presence, other nexus types are still in play even as the great nexodus unravels in state legislative houses. Businesses, in seeking to get their hands around economic nexus and strategizing to minimize tax liabilities and responsibilities, should take a step back...
Read MoreComptroller of Maryland Extends Certain 2021 Tax Deadlines
March 15, 2021.
Tax Publications
Tax Alert 01-06-21 issued by the Comptroller of Maryland has extended due dates for certain tax types to assist individuals and businesses impacted economically by the Covid-19 pandemic. This is a similar extension to what was granted by the state of emergency issued by Governor Lawrence J. Hogan, Jr...
Read MoreCan My Business Accept Cryptocurrency?
March 10, 2021.
Tax Publications
How blockchain payment technology is infiltrating core business practices and ways we can maintain tax compliance with its use Cryptocurrency is a decentralized, digital form of currency that is designed to work as an alternative payment medium based on quickly emerging blockchain technology. Although there are over 5,000 different cryptocurrencies in...
Read MoreVoluntary Compliance Program For Retailers With Inventory in Pennsylvania
March 05, 2021.
Tax Publications
How Pennsylvania’s 90-Day Voluntary Compliance Program Can Save Your Business Years’ Worth of Taxes and Penalties The Pennsylvania Department of Revenue is offering a limited time Voluntary Compliance Program for retailers who have inventory or store property in the state but are not registered to collect and...
Read MoreLearn with Allyn Newsletter
February 25, 2021.
Logistics Publications, Tax Publications, Trade Publications
Curious about how container ports work? The way in which ports operate will differ grandly in function of their size, available equipment, and operating strategy – nevertheless, there are some commonly used operating methods some of which we attempt to bring to life in our simplified animation of a...
Read MoreNew Guidance for Marketplace Facilitators Making Sales to Illinois
January 18, 2021.
Tax Publications
The Illinois Department of Revenue issued a new bulletin effective January 1, 2021 providing additional guidance for marketplace facilitators. The bulletin supplements Informational Bulletin FY 2021-02. It advises that as part of the tax remittance threshold determination, marketplace facilitators must exclude the following types of sales, 1) sales for resale (see 86 Ill. Adm....
Read MoreNevada Tax Amnesty Program Begins this February
January 14, 2021.
Tax Publications
Who Qualifies and How Can you Benefit? Legislation has been enacted which requires the Nevada Department of Taxation to implement a tax amnesty program. Businesses and individuals doing business in Nevada, which currently have a tax liability, may want to take advantage of this one-time tax amnesty program. Taxpayers can...
Read MoreRed Flags that Lead to IRS Audits
January 11, 2021.
Tax Publications
To paraphrase Franklin Roosevelt, the only thing we have to fear is an audit. The most important thing to know about audits is that there is no guaranteed way to prevent one. Therefore, it should be no surprise that the most trusted way to prevent an audit is to ensure...
Read MoreAlabama Tax Relief- Hurricane Zeta
January 07, 2021.
Tax Publications
Who is impacted and what are the Benefits? The Alabama Department of Revenue announced January 5, 2021 that tax relief is available for businesses and individuals residing in 7 different Alabama counties if they were impacted by Hurricane Zeta. These are areas identified by the Federal government as disaster areas and include the...
Read MoreConsumer’s Use Tax vs. Seller’s Use Tax: Nearly Every Business owes Use Tax - do you pay yours?
January 07, 2021.
Tax Publications
Use Tax Overview Use tax is defined as a tax on the storage, use, or consumption of a taxable item or service on which no sales tax has been paid. It is known as a complementary tax to sales tax and can be applied if a different state sales tax...
Read MoreCostly Sales Tax Mistakes Businesses are Making During COVID-19
November 02, 2020.
Tax Publications
The COVID-19 pandemic has been and will be remembered as one of the most impactful global events of our era. An unprecedented challenge was thrust upon the medical, government, and business community that will clearly change many of the behaviors of our society in the long run. When state enforced...
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