In Case You Missed It (May 16-20)

The Future of Filing - Tax Teams and Technology

Online corporate tax filing’s evolution has caused a shift in team dynamics and filing processes. Having the right team dynamic in place can make all the difference when adapting and innovating with new technology.

In this article by Crowd Reason @Avalara, our Tax Director @Jordan Perri, provides expert insight into the key roles of a typical tax team: https://www.crowdreason.com/blog/online-corporate-tax-filing
 

Colorado Explains Retail Delivery Fee

Colorado will be rolling out its Retail Delivery Fee on July 1st, 2022. The total fee of $0.27 is comprised of multiple fees that fund infrastructure and pollution mitigation in the state. The new fee will be collected and remitted by the entity that collects sales tax on the transaction. The delivery fee will be reported at the same time as sales tax on the new form DR 1786. An account separate from a business’ sales tax account is required for collection and payment of the new fee. More information about the new tax can be viewed online at https://tax.colorado.gov/retail-delivery-fee

 

Kansas Opens Door for Autonomous Vehicles

Kansas is working on a legislative measure establishing the state’s legal rules surrounding self-driving vehicles. SB 313, which unfortunately does not have a catchy name as of yet, will create new guidelines and a committee to establish rules as autonomous vehicles become more than a fantastical creation of science-fiction writers. Hidden deep within the text of the bill is a prohibition on future taxation of self-driving vehicles, systems, or networks. The prohibition extends past the state and into cities and counties as well. Among the notable opponents of the bill are the Kansas Teamsters, who say that the bill will pave the way for job losses and dangerous highways. Kansas state legislators will return to their chambers on May 23rd to continue the legislative session. Barring interruption, SB 313 will take effect when it is published into the statute book on July 1st.

 

Going Hunting in Arkansas? Get Ready to Pay Sales Tax

A sales tax assessment was recently issued against a taxpayer who failed to charge sales tax on initiation fees and membership dues that granted access to the taxpayers hunting lands. According to Arkansas state law, the membership dues and initiation fees would qualify as fees for access to amusement, entertainment, athletic, or recreational facilities which would be subject to sales tax.

 

Tiny Home, Tiny Tax Bill

Colorado HB22-1242 adds tiny homes to the list of manufactured homes regulated by the state housing board. This maneuver creates regulations on structural requirements for tiny homes, adds tiny home industry representatives to the housing board, and lays out inspection guidelines. In monetary incentive terms, including tiny homes in the definition of manufactured homes renders them exempt from sales and use tax. Additionally, tiny homes can be claimed as a residential improvement, allowing landowners to lower their residential tax bill on land that holds a tiny home.

 

How Can We Help?

Allyn’s tax team is staffed with seasoned tax professionals experienced in all aspects of Federal, multi-state and local tax compliance and consulting for large US and global corporations. We use that experience to your advantage.

Here at Allyn, we pride ourselves on our ability to always “stay on top of it”. We use the latest in tax software and create a unique, rigorous process for each and every client’s needs, ensuring that nothing slips through the cracks. Our team is equipped to assess in-advance and quickly resolve all tax issues that a business may encounter, allowing our clients to confidently focus on what they do best.

Allyn Tax offers a full scope of corporate tax services across North America, encompassing business tax compliance and consulting, audit defense and support, nexus reviews and registrations, exemption certificate management, overpayment reviews, and mail processing solutions.

Contact us and we can provide a customized cost-effective solution to meet your company’s needs. For further information on Allyn Tax services, please contact: tax@allynintl.com.

 

For More Information

If you are interested in learning more about this topic or other tax topics, please visit our Tax Publications under News & Publications at www.allynintl.com.

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About Allyn International

Allyn International is dedicated to providing high quality, customer centric services and solutions for the global marketplace. Allyn's core products include transportation management, logistics sourcing, freight forwarding, supply chain consulting, tax management and global trade compliance. Allyn clients range from small local businesses to Fortune 500 firms. Allyn conducts business in more than 20 languages and has extensive experience in both developed and emerging markets. Highly trained experts are positioned throughout North America, Europe and Asia and Allyn regional headquarters are strategically located in Fort Myers FL USA, Shanghai P.R. CHINA and Prague, CZECH REPUBLIC. For more information, go to www.allynintl.com.