Insights

Tax Publications

Tennessee Rulings Regarding Software & Services

March 15, 2016.
Tax Publications

A recent ruling by the Tennessee Department of Revenue states sales of information services, electronic storage services, electronic delivery services and payment services are nontaxable. The Department of Revenue has also ruled that the seller is not obligated to collect sales tax on a sale of remotely accessed software if...

Find Out the Latest Trends in Tax

February 17, 2016.
Tax Publications

What’s shaping the Tax industry in 2016? Comparing the 2016 Presidential Candidates’ tax reform proposals The 2016 Presidential Campaign has surfaced many different issues for Americans. Our tax policy is a hot topic for many of the debates. Are you up to date on the many different proposals...

Michigan Changes Policy on Cloud Software

February 04, 2016.
Tax Publications

On January 6, 2016, the Michigan Department of Treasury issued a change in its policy concerning sales and use taxation on remotely accessed prewritten computer software. The change comes after years of litigation in the Michigan courts. The Michigan Court of Appeals made their ruling after hearing Auto-Owners Insurance Company...

2015 Louisiana Tax Amnesty

November 17, 2015.
Tax Publications

A tax amnesty program is being offered by the Louisiana Department of Revenue during the period of November 16, 2015 through December 15, 2015. The Louisiana Tax Delinquency Amnesty Act of 2013 allows eligible taxpayers to qualify for the amnesty program. The press release issued November 3, 2015 by the Louisiana Department of Revenue indicates...

Sales Tax Changes in 2016

November 17, 2015.
Tax Publications

Chicago will once again have the highest sales tax rate of any major US city starting January 1, 2016. The rate will spike from 9.25% to 10.25%. The rate hike is due to the increase in county sales tax. The Cook County Board narrowly approved the increase to restore financial health...

New York State Franchise Tax Rate Changes for 2014 and Beyond

September 16, 2015.
Tax Publications

Part of the sweeping corporate franchise tax changes New York Governor Andrew Cuomo signed recently impacted the tax rates. This article will illustrate the rate changes that were impacted. Type of New York Businesses New York Article 9-A designates three classes of corporations for tax rate purposes: • ...

The Buzz about IRC § 7874

September 11, 2015.
Tax Publications

IRC § 7874: Rules relating to expatriated entities and their foreign parents. The recent corporate inversion transactions of many large US corporations has resulted in much discussion and controversy relating to IRC § 7874. A corporate inversion, also referred to as a tax inversion, is a transaction in which an organization is...

Sales Tax Reform May Not Be Seen Until 2017

September 08, 2015.
Tax Publications

Two sales tax reform bills have been introduced to Congress this year: the Marketplace Fairness Act and the Remote Transaction Parity Act. The Marketplace Fairness Act (MFA) passed the Senate in 2013 but did not make it through the House Congressional session that ended in 2014. It was reintroduced...

Four States Offer Tax Amnesty

June 09, 2015.
Tax Publications

State Tax Amnesty From time to time, various states may offer a period of tax amnesty during which taxpayers may come forward and register with a state for sales tax and remit without penalty and/or interest. The amnesty programs generally run for a limited period of time and...

Nevada Senate Approves Historic Tax Hike to Fund Education

June 07, 2015.
Tax Publications

Nevada Governor, Brian Sandoval, urged lawmakers in his 2015 State of the State address to focus on education. “Improving our public education system must therefore begin with modernization, and modernization requires investment.” The investment Sandoval spoke of totaled to a $1.1 billion package to improve K-12 education, the...

Tennessee Tax Law Modifications

June 07, 2015.
Tax Publications

Sales & Use Tax Impact Effective July 1, 2015, the Revenue Modernization Act (the Act) (H.B. 0644) includes several modifications to Tennessee law. The modifications affect sales tax nexus determination and the application of sales tax to remotely accessed software. Technology based companies and online gaming organizations may want...

Remaining Compliant During Organizational Changes

June 07, 2015.
Tax Publications

Steps Companies Can Take to Ensure Compliance If your company is undergoing an organizational change, there are certain steps that must be taken to ensure that the business remains in compliance with federal, state, and local tax laws and regulations. Organizational changes can include a new name, new locations, nature...