Archive for August 2019
Considerations for Doing Business in the U.S.
State & Local Tax (SALT) Newsletter July 2019
https://www.aprio.com/media/newsletters/SALTnews-07-19.html
Read MoreSouth Carolina Rules Data Collection and Analysis Services Using Online Reporting Software is Not a Taxable Communications Service
Sometimes states and taxpayers jump to the conclusion that if SaaS is provided, then the transaction is automatically taxable if the state taxes SaaS, but if the SaaS is provided as part of package of products/services, then it may be necessary to examine the true object of the transactions to determine taxability, as explained in…
Read MoreNew York Court Holds that Competitive Price Audits Constitute Taxable Information Services
In applying the “personal and individual” exclusion to otherwise taxable information services, New York’s high court looked to the nature of the information as opposed to the manner in which the service was customized to the purchaser’s specifications. By Jess Johannesen, SALT Manager New York is one of a number of states that imposes sales tax…
Read MoreNot All States Are On Board with the Tax Benefits of Qualified Opportunity Zone Investments
The Tax Cuts and Jobs Act provides very favorable tax benefits to taxpayers that make investments in Qualified Opportunity Zones, but not all states are on board with such tax benefits, and taxpayers should be aware before deciding on a particular investment. By Jeff Glickman, SALT Partner One of the highlights of the Federal Tax Cuts…
Read MoreStates Continue to React to the Tax Cuts and Jobs Act’s New GILTI Provisions
States continue to enact legislation on the treatment of GILTI over a year and a half after such provisions were enacted into the Internal Revenue Code. New York’s legislation results in different tax treatment for GILTI in 2019 than for 2018, and Florida’s legislation adds an additional notification requirement for 2018 and 2019. By Betsy…
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