Miscellaneous 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...
Read MoreMaryland Job Creation Tax Credit
June 13, 2017.
Tax Publications
Effective July 1, 2017 certain businesses may be eligible for a job creation tax credit for creating new qualified positions in Maryland. Eligibility is determined by an organization’s ability to establish or expand a business facility in Maryland during any 24-month period within the scope of the program. The...
Read MoreWashington Unclaimed Property Amnesty Expiring
June 08, 2017.
Tax Publications
Unclaimed property is money or intangible property owed to an individual or business, they have yet to take possession of. Property is considered unclaimed after it has been held for a period of time with no owner contact and an effort has been made to locate the owner. Payroll becomes...
Read MorePennsylvania: Wayfair, Latest Online Retailer to Remit State Sales Tax
June 06, 2017.
Tax Publications
Announced May 24, 2017 the United States’ 16th largest online retailer, Wayfair, an American e-commerce company that sells home goods including furniture and décor, has joined the growing list of online retailers who have begun to remit sales tax to states where they do not have a ‘substantial...
Read MoreTennessee Economic Nexus Coming July 2017
June 01, 2017.
Tax Publications
The Tennessee Department of Revenue has followed the likes of Alabama, Oklahoma, South Dakota, and Vermont by adopting a new sales and use tax rule effective July 1, 2017. Under current nexus statutes, a connection or contact in the form of substantial, frequent or continuous, physical presence within a state establishes nexus....
Read More