Hurricane 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 MoreTrump’s Big Tax Plan Outlined
May 15, 2017.
Tax Publications
On April 26, 2017, President Donald Trump presented a one-page outline of his administration’s tax reform plan. From his campaign trail days, Trump vowed to reform taxes for not only the working class individual but also for corporate America. Seizing the opportunity, the President is leading what is...
Read MoreJock Tax
March 07, 2017.
Tax Publications
The everyday American will mostly file state income taxes in the states where they reside. Professional athletes have an added liability, the “jock tax.” The jock tax is imposed against visitors to a city or state who earn money in that jurisdiction. Professional athletes are an easy target...
Read MoreAmazon to Expand Sales Tax Collection
March 07, 2017.
Tax Publications
Ten taxing jurisdictions expect to see a sizeable increase in revenue this year as Amazon adds them to the list of states where they will collect sales tax. Since the dawn of online shopping behemoths in the late 90’s, taxing authorities have seen potential tax revenue slip through their...
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