Archive for April 2018
For Your Reference: Key Dates on the 2018 Tax Calendar
To help you make sure you don’t miss any important 2018 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Be aware that some deadlines have been moved up or pushed back compared to previous years. Please review the calendar and let us know if you have any…
Read MoreTechnology & Biosciences Insights February 2018
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Read MoreFive Measurements of Nonprofit Success: KPIs that Count
At a glance Main takeaway: When it comes to tracking KPIs, nonprofits are not exempt. In fact, for a nonprofit to reach various benchmarks, it’s important to capture valuable, results driven KPIs. Impact on your business: Prioritizing KPIs differ by organization. Yet, no matter how you use them, calculating accurate and effective KPIs on a…
Read MoreDon’t Fear the 360-Degree Assessment
If you’ve spent any time in corporate America, you’ve probably heard of the 360-degree assessment. If the phrase brings to mind an episode of The Office, let’s set the record straight. In the right hands, no one should fear a 360-degree assessment. In fact, you should embrace it. It’s the most commonly administered psychometric test…
Read MoreState & Local Tax (SALT) Newsletter March 2018
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Read MoreUnderstanding the Impacts of the Tax Cuts and Jobs Act on Private Equity and M&A
Cardell M: Good afternoon. This is Cardell McKinstry with Aprio; I’m a partner in our Mergers and Acquisitions Tax Group. I’d like to welcome you for joining today’s tax reform, evaluating the impact to private equity and M&A. Just a little bit of background on Aprio as a firm. We have about 420 team members…
Read MoreTexas Addresses Occasional Sale Exemption for Like-Kind Aircraft Exchange
The occasional sale exemption is a little-known exemption that created big problems for one Texas company. One of the exemptions from sales/use tax that is not well known is the occasional sale exemption (it may also be referred to as a casual and/or isolated sale exemption). This exemption typically exempts the following types of sales[1]…
Read MoreIndiana Provides Guidance on Application of Repealed Throwback Sales Rules
Indiana letter of finding explains when the state’s repealed throwback rule applies to out-of-state sales. By Tina M. Chunn, SALT senior manager On Feb. 8, 2018, Indiana issued a letter of finding (LOF) to address the application of the state’s throwback rule to taxpayer’s sales for tax years 2011 and 2012.[1] The taxpayer manufactures and…
Read MoreNew Jersey Rules that State Cannot Assess Partnership Directly for Tax of Corporate Partner
The New Jersey Tax Court struck down the Division of Taxation’s argument, ruling that a partnership can’t be held liable for the corporate business tax obligation of its corporate partner. By Jeff Weinkle, SALT manager Under federal tax law, partnerships are not taxable entities but instead pass their income through to their partners. Most states…
Read MoreGeorgia Taxpayers to Benefit from Expanded Quality Jobs Tax Credit Rules
Significant changes to Georgia’s Quality Jobs Tax Credit allow more taxpayers to qualify and benefit from this credit beginning in the 2018 tax year. By Jeff Glickman, SALT partner Georgia’s Quality Jobs Tax Credit (QJTC) provides an income tax credit for taxpayers that create at least 50 net new quality jobs.[1] A new quality job…
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