The Four Aims of an Excellent Tax Consultant
May 20, 2021.
Tax Publications
An excellent business tax consultant is a business consultant first and a tax consultant second. This remains true whether they are an external consultant serving clients or an internal consultant serving a singular business in the day-to-day demands of a tax function. This does not mean that anyone with minimal...
Read More7 Excel Productivity Hacks You Need to Know
May 17, 2021.
Logistics Publications, Tax Publications, Trade Publications
Microsoft Excel is a key software that is especially relied upon by tax professionals who, despite seeing excellent innovations in tax technology in recent years, still rely upon Excel heavily to conduct their duties. This article from Allyn Tax’s business analyst team identifies some helpful tips and tricks...
Read MoreFile Your Indiana Property Tax Returns Online this Year
May 13, 2021.
Tax Publications
The State of Indiana announced January 7, 2021 that they would be launching a new online portal (“PPOP-IN”) for completing and submitting business personal property tax filings for 2021. As of February 4, 2021, the Portal is live and accepting online filings. Who is impacted? Taxpayers: Any business or farmer that owns or...
Read MoreState Sales and Use Tax Due Dates
May 11, 2021.
Tax Publications
Sales and use taxes are predominantly, but not exclusively, state administered taxes and each state has their own set of rules and regulations regarding tax collection and remittance. Businesses with a sufficient connection to these states are legally obligated to collect tax on taxable sales and remit the funds...
Read MoreCalifornia Sales and Use Tax Audit Tips
May 06, 2021.
Tax Publications
The state of California has the highest state sales tax rate at 7.25%, and the eighth-highest average combined state and local tax rate at 8.68%, according to the Tax Foundation. This means sales tax mistakes in The Golden State are typically going to be much more costly than those made in others....
Read MoreDoes Working at Home Work For You?
May 05, 2021.
Logistics Publications, Tax Publications, Trade Publications
It has been just over one year of working remotely due to the Covid-19 pandemic and while some find themselves wondering how they ever functioned outside the comfort of their homes, others are itching to be back in the office. While you may feel a certain way about your work...
Read MoreD.C. Sales Tax Exemption for Hotel stays for Federal Troops Extended
May 04, 2021.
Tax Publications
Tax Notice 2021-03 issued by D.C. Office of Tax and Revenue (OTR) has extended the sales tax exemption for hotel stays by federal and state troops from March 31st, 2021 until May 31st, 2021. This extension will address troops from federal agencies and other states that were deployed to the capital...
Read MoreFlorida 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...
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