May 04, 2021.
Tax Notice 2021-03 issued by D.C. Office of Tax and Revenue (OTR) has extended the sales tax exemption for hotel stays by federal and state troops from March 31st, 2021 until May 31st, 2021. This extension will address troops from federal agencies and other states that were deployed to the capital...Read More
April 26, 2021.
On April 8, 2021, the Florida legislature passed the long-anticipated economic nexus and marketplace facilitator bill in response to the South Dakota v. Wayfair ruling. Since the U.S. Supreme Court made their decision in South Dakota v. Wayfair, Inc. in 2018, Florida had been one of the last two states (Missouri being...Read More
The Great Nexodus: States Begin Abandoning Click-Through Nexus, Affiliate Nexus & Notice and Reporting Requirements
March 19, 2021.
While economic nexus stole the nexus crown from physical presence, other nexus types are still in play even as the great nexodus unravels in state legislative houses. Businesses, in seeking to get their hands around economic nexus and strategizing to minimize tax liabilities and responsibilities, should take a step back...Read More
March 15, 2021.
Tax Alert 01-06-21 issued by the Comptroller of Maryland has extended due dates for certain tax types to assist individuals and businesses impacted economically by the Covid-19 pandemic. This is a similar extension to what was granted by the state of emergency issued by Governor Lawrence J. Hogan, Jr...Read More
March 10, 2021.
How blockchain payment technology is infiltrating core business practices and ways we can maintain tax compliance with its use Cryptocurrency is a decentralized, digital form of currency that is designed to work as an alternative payment medium based on quickly emerging blockchain technology. Although there are over 5,000 different cryptocurrencies in...Read More
March 05, 2021.
How Pennsylvania’s 90-Day Voluntary Compliance Program Can Save Your Business Years’ Worth of Taxes and Penalties The Pennsylvania Department of Revenue is offering a limited time Voluntary Compliance Program for retailers who have inventory or store property in the state but are not registered to collect and...Read More
February 25, 2021.
Logistics Publications, Tax Publications, Trade Publications
Curious about how container ports work? The way in which ports operate will differ grandly in function of their size, available equipment, and operating strategy – nevertheless, there are some commonly used operating methods some of which we attempt to bring to life in our simplified animation of a...Read More
January 18, 2021.
The Illinois Department of Revenue issued a new bulletin effective January 1, 2021 providing additional guidance for marketplace facilitators. The bulletin supplements Informational Bulletin FY 2021-02. It advises that as part of the tax remittance threshold determination, marketplace facilitators must exclude the following types of sales, 1) sales for resale (see 86 Ill. Adm....Read More
January 14, 2021.
Who Qualifies and How Can you Benefit? Legislation has been enacted which requires the Nevada Department of Taxation to implement a tax amnesty program. Businesses and individuals doing business in Nevada, which currently have a tax liability, may want to take advantage of this one-time tax amnesty program. Taxpayers can...Read More
January 11, 2021.
To paraphrase Franklin Roosevelt, the only thing we have to fear is an audit. The most important thing to know about audits is that there is no guaranteed way to prevent one. Therefore, it should be no surprise that the most trusted way to prevent an audit is to ensure...Read More
January 07, 2021.
Who is impacted and what are the Benefits? The Alabama Department of Revenue announced January 5, 2021 that tax relief is available for businesses and individuals residing in 7 different Alabama counties if they were impacted by Hurricane Zeta. These are areas identified by the Federal government as disaster areas and include the...Read More
January 07, 2021.
Use Tax Overview Use tax is defined as a tax on the storage, use, or consumption of a taxable item or service on which no sales tax has been paid. It is known as a complementary tax to sales tax and can be applied if a different state sales tax...Read More