Tax Technology and Automation
April 22, 2022.
Tax Publications
The challenges of preparing and reporting indirect tax data are increasing. There are constantly changing requirements and regulations, as well as very large data sets which are often from disparate systems and at times unstructured. For many tax professionals, the most common tool that is used to process...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (April 4-8)
April 11, 2022.
Tax Publications
Did you know over 600 sales tax rate changes occurred on April 1st in these states… Alaska, Alabama, Arkansas, Arizona, California, Kansas, Louisiana, Minnesota, Missouri, Nebraska, Ohio, Oklahoma, Texas, Utah, Washington, Wyoming combined have over 600 sales tax rate changes. These changes became effective April 1st, 2022. Maryland: Purchases Made Relating...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (March 21-25)
March 28, 2022.
Tax Publications
New York – Sales & Use Tax Applicability on Leases of Paintings The Tax Appeals Tribunal has determined that "temporary possession is the essence of a lease transaction and a purchase for the purpose of leasing is a purchase for resale under Tax Law." In the case that was...
Read MoreTop Five Mistakes to Avoid in Property Tax
November 03, 2021.
Tax Publications
Tangible Personal Property Tax Overview Companies who have tangible business personal property or inventory located in the U.S. are required to file annual returns of such assets to local taxing authorities. The reported data includes asset cost and year of acquisition, as well as inventory value for states that...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (September 13-17)
September 22, 2021.
Tax Publications
Capital Equipment Exemption in Minnesota The Minnesota Department of Revenue has updated a fact sheet explaining the state's capital equipment exemption clarifying that purchasing agent agreements are not required for contractors to purchase capital equipment materials exempt from tax. Persons who buy or lease capital equipment for use in...
Read MoreOregon’s Corporate Activity Tax
September 15, 2021.
Tax Publications
Did you know that several states have their own taxes unique to them that businesses must file in order to remain compliant? States such as Washington, Delaware, and Oregon have state specific taxes. Oregon’s Corporate Activity Tax (CAT) is a state specific tax that was signed into law...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (August 30 - September 3)
September 07, 2021.
Tax Publications
Lawn Care in Arkansas: Taxable or Exempt? Lawn mowing services provided to a company that leases houses as vacation rentals are not subject to sales tax because these properties are considered to be residential property. The character of the property determines whether the lawn services are subject to sales tax. ...
Read More5 Things to Consider When Accruing Use Tax for Manufacturing Locations in Pennsylvania
August 31, 2021.
Tax Publications
The state of Pennsylvania exempts sales tax on the purchase of materials, equipment or services that are used directly in the manufacturing process according to state law. This manufacturing exemption sounds simple on the surface; however, it can be tricky and time consuming to determine the taxability of certain...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (August 23-27)
August 31, 2021.
Tax Publications
Items given as gifts by a Charitable Organization in Colorado: Taxable or Exempt? The Colorado Department of Revenue (CDOR) has issued a general information letter discussing sales and use tax on items given as gifts by a charitable organization. CDOR provides the general rule that charitable organizations engaging in the...
Read MoreCalifornia Expands Penalty Relief for Late Property Payments
August 24, 2021.
Tax Publications
The onset of the Covid-19 pandemic in early 2020 created widespread uncertainty worldwide, most notably among businesses in the United States. This uncertainty led to confusion and frustration surrounding tax deadlines, which forced states to extend deadlines and excuse penalties accrued. California currently imposes a 10% penalty on delinquent payments for property...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (August 16-20)
August 23, 2021.
Tax Publications
Michigan Provides Guidance for Small Business Tax Audits A tax audit is an in-depth examination of a business’s tax returns for a particular tax type, such as sales tax, typically covering a period of years. An audit is performed in order to verify that the taxpayer in question...
Read MoreIn Case You Missed It: Last Week in Allyn Tax News (August 9-13)
August 16, 2021.
Tax Publications
New York Refund Denial Upheld An administrative law judge (ALJ) has issued a decision to uphold the Division of Taxation’s denial of a taxpayer’s refund claims associated with motor fuel tax, petroleum business tax, and prepaid sales tax on 13,838,236 gallons of motor fuel. The ALJ concluded...
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