Archive for September 2017
Historic Tax Credit: How to Save on Taxes When Developing a Historic Building
Many developers fail to recognize that certain projects with a historic building qualify for the Georgia Historic Rehabilitation Tax Credit. Learn more.
Read MoreTrump Announces Tax Reform Proposal
By Mitchell Kopelman, partner-in-charge of Tax and Technology and Biosciences, and Steven Gluck, tax associate President Trump announced a tax overhaul proposal Wednesday, Sept. 27. Many parts of the plan are concepts President Trump previously stated he wants implemented, and a few parts of the proposal have not been mentioned before. In the analysis below,…
Read MoreWhy Manufacturers Should Give Nearshoring a Test Drive
Nearshoring has become a popular trend for automakers, but it offers serious benefits for plastics manufacturers looking to enhance their supply chains.
Read MoreCost Segregation Studies: 3 Ways to Get the Biggest Benefit
Cost segregation studies are a wonderful tax planning tool, but they can sometimes do more harm than good. Learn more about the common pitfalls.
Read MoreHow to Save on Taxes When Developing a Historic Building Like Ponce City Market
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Read MoreSelling a Dental Practice? Here’s How to Keep the Most Money from the Deal
If you’re planning on selling a dental practice, make sure you perform your due diligence first in order to minimize your risk and optimize your value.
Read MoreMeals and Entertainment Deduction: Don’t Leave Money on the Table
Did you know that some qualifying expenses of the meals and entertainment deduction can actually be deducted at 100 percent? Learn more.
Read MoreWashington Rules Sales under a Licensing Agreement are Subject to Wholesaling B&O Tax
Under the terms of a consignor/consignee agreement, the consignee was deemed to constructively possess the property it sold, making the consignor a wholesaler instead of a retailer. By Tina Chunn, SALT senior manager Sales transactions that involve parties other than the seller and purchaser often require more scrutiny to determine the proper sales tax treatment.…
Read MoreArkansas Determines that Sale of Tax Credits Generated Apportionable Income
The sale met Arkansas’ definition of business income under the functional test and was thus apportioned to and taxed in Arkansas. By Jess Johannesen, SALT manager Some states allow certain tax credits to be sold. For example, Georgia allows taxpayers that generate an entertainment tax credit (e.g., production and gaming companies) to sell the credit…
Read MoreSouth Carolina Court Upholds Narrow Approach to Revenue Sourcing
South Carolina’s application of its income-producing activity sourcing rules gave a market sourcing result, where services were sourced to the customer location. For state income tax apportionment purposes, states generally utilize one of two methods for sourcing revenues from services under the sales factor: market-based sourcing or income-producing activity sourcing. Market sourcing seeks to assign…
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