Archive for May 2019
Wayfair and Nexus: The Aftermath – Part 4
As states continue to issue guidance on their Wayfair rules, we are beginning to see the slight differences among them that will add to the complexity and cost of compliance. In addition, Hawaii is the first state to enact a Wayfair rule for income tax nexus. This article summarizes recent post-Wayfair activity in Wisconsin, California,…
Read MoreLouisiana Denies Claim of Overpaid Sales Tax from Rewards Program Transactions
This Louisiana Court of Appeals decision highlights the sales tax impact of discounts, including rebates and coupons, which can vary depending on the type of discount and can be a trap for the unwary that results in exposure for collecting and remitting less sales tax than required. By Tina M. Chunn, SALT Senior Manager It has…
Read MoreWashington Rules That Pharmacy Benefit Service Provider’s Revenues are Subject to B&O Tax
A Washington Court of Appeals opinion explains how the status of a third party as an agent or independent contractor can play a significant role in determining whether certain amounts received by such party are taxable revenues or non-taxable pass-through receipts. By Jeff Glickman, SALT Partner In the April 2019 edition of Aprio’s SALT Newsletter, we…
Read MoreNew Georgia Law Expands Tax Credits in Rural Counties and Oregon Enacts New Business Tax
Recent legislation in Georgia expands certain tax credits for taxpayers locating in designated rural counties, and Oregon enacts a new modified gross receipts tax that is imposed on all taxpayers with nexus in the state. By Jeff Glickman, SALT Partner Below is a summary of recently signed legislation in Georgia that expands certain tax credits for…
Read MoreEmployer-Owned Life Insurance Policies: Tax Treatment & Reporting Requirements
In the past, money received through a life insurance contract, paid by reason of the death of the insured, were generally not included in gross income for federal tax purposes. However, the Pension Protection Act of 2006 enacted important statutory changes to the general rule for employer-owned life insurance contracts, stating that death benefits received…
Read MoreAprio’s Learning & Development Team Featured in a Recent AICPA Case Study
Nonprofit Newsletter, May 2019
https://www.aprio.com/media/newsletters/NP-insights-05-19.html
Read MoreReal Estate Newsletter, May 2019
https://www.aprio.com/media/newsletters/RE-insights-05-19.html
Read MoreTechnology Newsletter, May 2019
https://www.aprio.com/media/newsletters/tb-insights-05-19.html
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