Upcoming Texas Tax Amnesty
February 09, 2018.
Tax Publications
On December 21, 2017, the 36th Texas Comptroller of Public Accounts, Glenn Hegar, announced a Texas Tax Amnesty Program to run from May 1, 2018, through June 29, 2018. The temporary program offers relief to delinquent taxpayers in the form of absolving penalties and interest on tax due for certain taxes. The amnesty applies only to...
Read MoreTax Cuts and Jobs Act: Impact on Taxpayers
January 15, 2018.
Tax Publications
The most sweeping tax reform proposal in over 30 years was signed into law on December 22, 2017, by President Donald Trump after the House and Senate passed the bill. The Tax Cuts and Jobs Act (the Act) became a reality for US taxpayers beginning with tax years after December 31, 2017. The extensive tax...
Read MoreConnecticut Tax Amnesty Program Offers a ‘Fresh Start’
December 14, 2017.
Tax Publications
As of October 31, 2017, Connecticut is now offering an incentive program for both individual and business taxpayers to voluntarily come forward and pay their unreported tax liabilities. Individuals and businesses may be eligible if returns were not filed, or if the returns failed to report the full amount of tax on...
Read MorePennsylvania – New Economic Nexus Requirements
December 13, 2017.
Tax Publications
By March 1, 2018, parties identified and defined as remote sellers, marketplace facilitators, and referrers, with sales of $10,000 or more in the previous 12 month period, will be required to either collect and remit Pennsylvania sales and use tax, or comply with notice and reporting requirements based on recently enacted Pennsylvania legislation. For...
Read MoreMiscellaneous Income: What You Need to Know for 2017 Reporting
December 11, 2017.
Tax Publications
As we are well into December 2017, we begin to prepare for upcoming 2018 deadlines. In doing so, it is important for taxpayers to note what Federal forms are due, when, and requirements exist as they pertain to the filing of Miscellaneous Income Form 1099-MISC for the 2017 tax year. When: If you...
Read MoreOklahoma Tax Amnesty Program Ending Soon
November 30, 2017.
Tax Publications
Earlier this year, The Oklahoma Tax Commission began offering a limited time Voluntary Disclosure Initiative, also known as a Tax Amnesty Program. The Tax Amnesty Program was put into place to encourage the filing and payment of many types of delinquent taxes. An eligible taxpayer shall be entitled to a...
Read MoreFederal and State Taxing Authorities Provide Tax Relief for Taxpayers Affected by Hurricane Irma
September 18, 2017.
Tax Publications
On Sunday, September 10, 2017, Category 3 Hurricane Irma slammed into the state of Florida causing severe flooding, property damage, and disablement of infrastructure. Allyn International, headquartered in Fort Myers, Florida was able to continue business fully operational due to our business continuity preparations, backup systems, dedicated personnel, and high-capacity generators, allowing us...
Read MoreHurricane Irma Update
September 08, 2017.
Logistics Publications, Tax Publications, Trade Publications
Hurricane Irma is currently a category 4 hurricane that is expected to impact Florida over the weekend. This large powerful storm will cause supply chain disruptions over the next few days, and longer depending on the amount of damage sustained by the area. As of now cargo airline operations out of...
Read MoreMultistate Tax Commission Offers Unprecedented Tax Amnesty Program for Online Sellers
August 24, 2017.
Tax Publications
The Multistate Tax Commission (MTC) is currently offering a limited time voluntary disclosure initiative for online sellers who have sales/use or income/franchise tax liabilities triggered by the utilization of online marketplace providers. Numerous tax experts have voiced their concern that these liabilities are large enough to cause immense...
Read MoreCalifornia Department of Tax and Fee Administration
August 15, 2017.
Tax Publications
Effective July 1, 2017 the California Board of Equalization will be broken into newly formed governing bodies encompassing the same scope of responsibility, but with increased focus and accountability. California has unintentionally scribed a list of reasons collection and accountability procedures need to be revised, citing the Los Angeles Times, the new...
Read MorePuerto Rico Sales Tax Revenue Frozen
July 14, 2017.
Tax Publications
Puerto Rico’s plans to reduce a $123 billion dollar debt comprised of bonds and unfunded pensions has created contentious opposition from two distinct groups of creditors in federal court. What is in debate is the liquidation preference of $400 million dollars in sales tax revenue generated by Puerto Rico and...
Read MoreTexas: Tax Exempt Employee Services
July 03, 2017.
Tax Publications
Generally, a temporary employee is defined as an individual hired for less than nine months in a full or part-time position. Broadly stated, a ‘temp’ is in an employment situation where the employee is expected to remain in a position for only a set period of time. In...
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