Insights

Tax Publications

It’s 1099 Season – Are Your Records Ready?

December 03, 2025.
Tax Publications

Accurate vendor information is essential when filing Form 1099—but even small data errors, especially with Taxpayer Identification Numbers (TINs), can trigger IRS penalties, delayed filings, and costly administrative setbacks. Ensuring compliance isn’t just about collecting forms; it requires strategic oversight and consistent data management that many businesses...

Red Flags & Readiness: What Triggers Sales Tax Audits—And How to Prepare

November 05, 2025.
Tax Publications

Sales and use tax audits can be overwhelming, and even small oversights can lead to costly penalties. While it’s important to understand what triggers audits and how to prepare, many businesses find the process more complex than expected. With the right guidance, you can reduce risk and protect...

Start Your Engines: Navigating the World of Dealer Licenses

September 30, 2025.
Tax Publications

A dealer license, or vehicle dealer license, is a permit issued by a state agency—such as the Florida Department of Highway Safety and Motor Vehicles— authorizes individuals or businesses to legally sell motor vehicles—from cars and trucks to motorcycles and mobile homes. This license is...

From Manual to Modern: How AI is Transforming Tax Operations

August 28, 2025.
Tax Publications

Artificial intelligence (AI) is playing a growing role in revolutionizing the tax and accounting profession. By reducing manual workload, increasing accuracy, and enabling teams to concentrate on more strategic tasks, AI is helping businesses modernize and improve their operations. Streamlining Tax Operations Through AI One of the most impactful advantages...

Manufacturing Exemptions 101: Cut Costs, Boost Profits

August 06, 2025.
Tax Publications

Sales tax exemptions can significantly benefit manufacturing businesses by lowering operating costs through reduced cost of goods sold, encouraging investment in machinery by cutting purchase prices by thousands of dollars, and enabling manufacturers to offer more competitive product pricing. Sales tax exemptions enable eligible individuals to buy qualified products or...

Sales Tax Holiday 2025 – Skip the Tax, Not the Cart

July 02, 2025.
Tax Publications

What is a Sales Tax Holiday? A sales tax holiday is a limited-time event during which certain items are exempt from state and/or local sales tax. These holidays are typically implemented by governments to encourage spending during key periods — most commonly around the back-to-school season, severe weather preparedness...

Navigating Tariff Increases and Their Impact on Sales Tax

June 10, 2025.
Tax Publications, Trade Publications

President Trump’s trade agenda has established increased tariffs on goods imported into the United States. Tariffs, which are taxes or duties imposed on specific classes of imports or exports, are expected to drive up the average cost of a wide range of imported goods. In anticipation of this,...

Out of Sight, Out of Pocket: How Assets Become Unclaimed Property

June 04, 2025.
Tax Publications

Each year, millions of dollars in assets go unclaimed—not because of fraud or theft, but due to everyday oversights and administrative mishaps. From missed mail following a move to forgotten checks or uncashed refunds, there are many ways property can slip through the cracks. Whether caused by lack...

Unlocking the Power of Annual Reports: Essential Knowledge for Business Success

May 06, 2025.
Tax Publications

As companies continue to grow, it’s not surprising that they will tend to register in a multitude of states. When a company begins conducting business activities in a new state, it must register with the state’s Secretary of State. Once the initial registration is complete, annual...

Last Week in Allyn Tax News (April 11, 2025)

April 14, 2025.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? For decades, New York City's Cabaret Law required nightclubs to pay a special tax if patrons danced. The law was finally repealed in 2017 after nearly a century! To learn more, ask an expert here:...

Personal Property Tax Audits: Common Triggers and How to Avoid Them

April 02, 2025.
Tax Publications

Most businesses operate in states where personal property is taxed, requiring them to file a return to report assets and pay their tax bill. Occasionally, they may receive a notice of a personal property tax audit. Like any other tax audit, these can be time-consuming and frustrating. While audits are...

Sales Tax vs. Use Tax: Do You Know the Difference?

March 05, 2025.
Tax Publications

Sales tax and use tax are both taxes imposed on the purchase of goods and services, but they apply in different circumstances. Sales Tax Sales Tax is defined as a tax on the sale, transfer, or exchange of a taxable item or service. It is generally added to...