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Illinois Provides Guidance on Computer Software Licensing Agreement Signature Requirement
Illinois’ state tax exemption for software licenses requires, among other things, that there be a signed written agreement between the…
Iowa Supreme Court Ruled That Lowe’s Installation Services May Be Taxable
Failure to properly analyze how a service may be classified for sales tax purposes can lead to unexpected liability as…
Local Louisiana Jurisdiction Rules That Walmart.com is Required to Collect Sales Tax on Third-Party Sales
In this Louisiana court decision, one local parish argued successfully that Walmart.com was responsible for collecting and remitting local sales…
California Rules That Delivery of Goods in Taxpayer’s Trucks Satisfies P.L. 86-272 Nexus Protection
A federal law limiting income tax nexus allows companies to engage in certain solicitation activities in a state without having…
Arkansas Considers Certain Audio Production Services a Taxable Digital Product
Arkansas, like some other states, now taxes certain digital audio and/or digital products, and companies providing services in this industry…
Normalizing Owner Compensation
When performing a business valuation, I always consider making adjustments to revenue and/or expenses of the business in order to…
More Restaurants Adding “Locally-Sourced” to the Menu
The nexus of all things trending in the restaurant industry seems to be consumer preference for fresh, healthy, local ingredients….
Capitalize or Expense? The Age-Old Question of Repairs and Maintenance
The question of whether to capitalize or expense repairs and maintenance costs has plagued sole proprietorships, businesses and rental property…
Federal Government Shutdown Creates Tax Filing Uncertainty
The United States has been under a partial government shutdown since Dec. 22, 2018, and while the House of Representatives…
Restaurants Use Composting for Sustainable Food Waste Removal
Plastic straws have been all over the news lately. As the NYT recently wrote, “the ubiquitous plastic straw has suddenly…
Are Smart (Blockchain) Contracts Really Smart?
If you’ve ever been through an automatic car wash, you can appreciate the benefits of a smart contract. You drive…
Louisiana Supreme Court Declares Unconstitutional the Credit Limitation for Out-of-State Taxes Paid
A potential refund opportunity exists for individuals who do not get a full credit against their resident state taxes for…
Arkansas Determines that Sales Tax is Due on Crowdfunding Campaign Sales
Crowdfunding campaigns are a great way to raise money for a new product idea, but they can also give rise…
Arizona Court Holds That Service Revenue is Included in Property Rental Business Tax Base
Arizona’s Transaction Privilege Tax is like a sales tax in some ways but not others, which can result in unexpected…
Washington Finds that ATM Processor’s Service Revenue Sourced to ATM Location for B&O Tax
For apportionment purposes, applying market-based souring rules to service revenues is complicated because it is based on the facts and…
Utah Rules That Contractor’s Purchase of Freeway Signage Subject to Sales Tax
For real property contractors, one of the most difficult issues to analyze is if tangible personal property used in the…
Ohio Supreme Court Rules That Resale Exemption Applies to Purchase of Promotional Items
Although promotional items purchased and given away for free are typically not eligible for a resale exemption, there may be…
Utah Supreme Court Upholds Taxpayer’s Transfer Pricing in Related-Party Transaction
States may have the authority to adjust related-party payments, but only after determining that the transactions are not at arm’s…
How Time-Tracking and Data Analytics Can Help Drive Better Business Decisions
Law firms, accountants, consultants and other professional services businesses have long been accustomed to tracking employee time for billing and…
QBI Deduction: The Impact of Proposed Regulations on Government Contractors
Recently, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued much-anticipated proposed regulations on the potential 20%…
Reducing Capital Gains by Creative Use of SMLLCs and Installment Notes
A popular estate planning technique for estates facing the prospect of incurring federal estate tax has been for a grantor…
Choosing the Right Reservation System for your Restaurant
Love ’em or hate ’em, reservations are a critical facet of the restaurant business. With new advances in industry technology,…
Can Tiny Homes & Co-living Help Make Housing More Affordable?
One enduring repercussion of the 2008-09 financial crisis and collapse of the housing market is the hesitancy among consumers to…
What do the 2019 cost-of-living adjustments mean for you?
The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased…
Let Uncle Sam Help You Expand Your Real Estate Portfolio by Utilizing the 1031 Like-Kind Exchange
There are many tax-deferral strategies used by successful investors. One of those tax instruments is the code Section 1031 Like-Kind…
Loans at 3%? GARJA Helps Rural Georgia Businesses Borrow at Low Rates
There’s great news for small and medium-size business owners in rural Georgia: the recently passed Georgia Agribusiness and Rural Jobs…
Is Your ITIN Expiring?
At the end of 2018, the following Individual Taxpayer Identification Numbers (ITIN) will expire and must be renewed: The ITIN…
What is a Blockchain Wallet?
Q: How do you carry your bitcoins? A: In a wallet, of course. A wallet on any blockchain platform can…
Georgia Tax Credits Fuel Booming Esports Industry
For four days in January, about 3,000 people descended on the Cobb Energy Performing Arts Centre just north of Atlanta….
Can Doctors and Lawyers Take the 199A Pass-Through Deduction? Well, It Depends…
There’s a lot of hype about tax reform’s new pass-through deduction that lets taxpayers deduct 20% of the income from…
Restaurateurs, Hoteliers See Boon in 20% Tax Reform Pass-Through Deduction
The owners of restaurants, hotels and other franchise and hospitality businesses will soon be more flush thanks to the 20%…
Some Technology Companies See Benefit in 20% Tax Reform Pass-Through Deduction
The owners of certain technology and software companies will soon see the benefits of the new 20% income deduction provision…
Upcoming GSA Refreshes Incorporate Kaspersky Ban and Update OLM Limitations
In November 2018, GSA will refresh its schedule solicitations to incorporate the recent Federal Acquisition Regulation (FAR) prohibition on the…
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 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…
Minnesota 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…
Oregon 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…
New 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…
Are 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…
Experienced 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,…
On-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…
Opening your First Restaurant? Here’s How to Raise Capital
Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even…
Opening your First Restaurant? Here’s How to Raise Capital
Opening up a business for the first time in any industry is difficult. Opening up your first restaurant is even…
What’s Your Construction Company Worth?
It is important that you have a comprehensive understanding of the three primary methods used to estimate the fair market…
Should Entertainment Expenses Be Fully Disallowed?
Although companies are no longer eligible to deduct business entertainment expenses like baseball tickets and golf outings, Notice 2018-76 was…
Mercedes, Lexus Forfeit in ERISA Case Underscores Need for Fiduciary Best Practices
The order by the U.S. District Court judge in Mississippi was clear: hand over the Mercedes, two Lexuses, a truck…
GSA Migrating All Sales Reporting to FAS Sales Reporting Portal
The General Services Administration (GSA) intends to migrate all Schedule contracts currently reporting sales in the 72A system over to…