Mississippi Sales and Use Tax - Exempt Purchases by Governmental Entities and Medical Clinics
June 06, 2018.
Tax Publications
Governmental Entities and Employees In May 2018, the Mississippi Department of Revenue released a fact sheet explaining how sales and use tax applies to purchases made by governmental entities and their employees. According to the fact sheet, sales of property, labor, services, or products are exempt from Mississippi sales tax when...
Read MoreWashington Excise Tax Advisory Clarifies Enhanced Delivery Creates Nexus
May 30, 2018.
Tax Publications
While the issue of the nexus physical presence standard awaits the much-anticipated ruling from the Supreme Court in Wayfair versus South Dakota, the general rule of thumb for evaluating your business’ sales tax collection obligations still stands – “People or Property.” If you have employees/representatives operating...
Read MoreVirginia Property Tax Changes in 2018
March 12, 2018.
Tax Publications
The Commonwealth of Virginia has approved several legislative changes relating to property taxes set for a July 1, 2018, effective date. The highlights are listed below and pertain to: Bedford County reassessment Computer equipment used in data centers Single member LLC exemption Merchants’ capital Agricultural products Bedford County Located in the...
Read MoreGeorgia Taxpayer Bears Burden of Tax-Free Sale
March 01, 2018.
Tax Publications
In a letter ruling (Georgia Letter Ruling No. LR SUT-2017-16, 11/30/2017) released on 02/19/2018, the Georgia Department of Revenue has ruled that the taxpayer will bear the burden of proof when a sale is made without tax charged. The only exception to this is if the taxpayer receives from the...
Read MoreUpcoming 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...
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