Archive for October 2018
Texas Rules That Online Clothing Retailer Has Physical Presence Nexus
Even after Wayfair, physical presence can still create nexus, and taxpayers that own property that is temporarily located in a state can establish sales tax nexus, as explained in this Texas private letter ruling. By Tina M. Chunn, SALT senior manager Every day, entrepreneurs are finding new ways to provide goods and services to the market…
Read MoreState Tax Considerations for Virtual Currency Transactions and Initial Coin Offerings
Virtual currency transactions and initial coin offerings are growing rapidly, and guidance is needed to address the many state tax issues that arise from these transactions. By Jeff Glickman, SALT Partner It’s been about four and a half years since the Internal Revenue Service (“IRS”) issued guidance that virtual currency would be treated as property and…
Read MoreMinnesota Tax Court Denies Sales Tax Exemption for Purchase of Capital Equipment
When interpreting sales tax exemptions with ambiguous language, courts generally construe the language narrowly, as was the case in this Minnesota Tax Court decision addressing a sales tax exemption for certain capital equipment purchases. It is not uncommon for a state to provide dozens of exemptions from sales tax, some of which are broad (e.g.,…
Read MoreOregon Rules That Owner is Not Required to Combine Income of Multiple Pass-Through Entities
The Oregon Tax Court ruled that the state could not require a resident individual owner of multiple pass-through entities to report the combined income of all of those entities, since combined reporting is authorized for C-corporations only. In order to capture the complete activity of a business operated by multiple related legal entities, many states…
Read MoreNew Jersey Enacts Marketplace Facilitator Sales Tax Collection Requirement
States aren’t just enacting rules establishing nexus for remote sellers, they are establishing nexus rules for marketplace facilitators to collect and remit sales tax on behalf of remote sellers. By Jess Johannesen, SALT Manager Since the United State Supreme Court decision in South Dakota v. Wayfair, there has been a flurry of state activity enacting sales…
Read MoreAre You on the Road Again? Find Out How Many of Those Miles You Can Deduct
There are many details business owners need to consider when it comes to vehicle deductions, which can make it a bit overwhelming. What are qualifying activities to deduct vehicle use? Should you buy or lease your vehicle? Should you deduct the standard mileage rate or actual expenses? Your tax deductions can depend on your answers.…
Read MoreState & Local Tax (SALT) Newsletter September 2018
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Read MoreExperienced Restaurant Owners Have Options for Growth Capital
Experience is a tough teacher, as any business owner will tell you. But experience also brings with it new opportunities, including access to a wider world of financial options for restaurateurs looking to expand. As we discussed in a recent blog on start-up funding for new restaurant owners, opening up a business for the first…
Read MoreJoin Aprio and the Aprio Foundation in Assisting with Hurricane Michael Relief Efforts
HOME. It’s a place where we feel safe. Loved. Ourselves, the “real” us. Where we’re connected to our families, neighbors and possibly the larger community. Daylight last Thursday brought home the terrible truth for many fellow Georgians and those in the Florida Panhandle. There is no more home. You’ve seen the news and photos of…
Read MoreOn-Ramp Underway for GSA OASIS SB Pool 1–Teams Now Welcome!
When the General Services Administration (GSA) released the RFP for Pool 1 on OASIS SB last month, it contained a welcome surprise. In a major change, GSA is now allowing teams to bid for spots on the multi-billion dollar, government-wide professional services contract vehicle. Pool 1 is the most popular pool on OASIS – its…
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