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Three Ways a Change in Ownership can Impact ERC Value
At a glance The main takeaway: Companies involved in an acquisition or disposition during 2020 or 2021 have additional considerations…
How a Top Furniture Business Found a New Bank on the Path to Growth
At a glance The main takeaway: When managing rapid growth, some businesses may need extra services and support than their…
CalSavers Program: What California Businesses Should Know
At a glance The main takeaway: The CalSavers deadline for California businesses with more than five employees is approaching on…
GILTI Planning for Closely Held Companies
At a glance The main takeaway: While more foreign income is now subject to current U.S. federal income tax after…
Private Markets: It’s Time to Embrace ESG if You Want to Attract Assets
At a glance Main takeaway: Whether believers or skeptics, private markets need to embrace environmental, social and governance (ESG) initiatives…
California Opinion Addresses Implications of Stock Sale and Election Under IRC 338(h)(10)
At a glance The main takeaway: The state of California determined that a sale of stock sale with an election…
Virginia Ruled That Raw Materials Stored in State are Excluded from the Property Factor
At a glance The main takeaway: A taxpayer and the state of Virginia debated over the meaning of “used” as…
Taxpayer’s Gross Receipts from Colocation Services are Subject to Washington B&O Tax
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: The distinction between a taxpayer licensing the use…
Colorado and Wisconsin Offer Conflicting Sales Tax Views of Taxpayer’s Online Learning Platform
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: An online learning platform was subject to three different…
4 Ways Restaurants Can Embrace ESG
At a glance The main takeaway: More restaurants are embracing environmental, social and governance (ESG) efforts to create a positive…
Get 3 Big Advantages with Strong Core Values
At a glance Main takeaway: Core values guide day-to-day behaviors both within your organization as well as interactions with clients…
If You Received Carried Interests, Profits Interest or a Promote – You Are Subject to a 3-Year Holding Rule
At a glance The main takeaway: The new regulations under Section 1061 impose a three-year hold on carried interests (also referred…
How to Survive The Great Resignation
At a glance The main takeaway: Though many headlines focus on the labor shortage The Great Resignation has created, there…
ISO 27002 Update: What You Need to Know
At a glance The main takeaway: The ISO/IEC 27002 update, is an important standard that provides guidance on cybersecurity and…
Reducing Fraud in Nonprofits
At a glance The main takeaway: The Association of Certified Fraud Examiners’ (ACFE) most recent fraud report includes many illuminating…
The Pulse on the Economy and Capital Markets: Mar 7 – 11, 2022
At a glance Markets declined last week amid continued conflict in Ukraine and investors’ concerns about its widespread impact on…
Aligning Incentives to Drive ESG Strategies and Satisfy Investors
At a glance Make it personal to drive action: Boards are feeling the pressure to take a meaningful approach to environmental,…
Update: Federal Judge Rejects Motion to Halt the DOL’s 80/20 Rule for Tipped Employees
At a glance The main takeaway: A recent federal court case out of Texas aimed to block the DOL’s reinstated 80/20…
U.S. Tax Planning Opportunities for Bona Fide Residents of Puerto Rico
At a glance: The main takeaway: There are several lucrative tax benefits and incentives available to certain U.S. taxpayers who relocate…
Accelerate Your Digital Strategy by Building a Sustainable Framework
At a glance The main takeaway: The foundation of a successful digital transformation strategy begins with establishing the core framework of…
What’s in the Cards for Gaming? Watch Out for These Industry Disruptors
At a glance The main takeaway: Gaming has grown into a billion-dollar global industry, bringing both areas of opportunity and increased…
Patch or Be Hacked
At a glance The main takeaway: A successful automated patching program needs to be augmented with a vulnerability management program that…
Partnerships and S Corporations: What to Expect from Schedules K-2 and K-3
At a glance The main takeaway: Many partnerships and S corporations are required to submit a Schedule K-2 and K-3 when…
Multi-Level Marketer’s Web-Based Platform Not Subject to Sales Tax in New York
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: Businesses are continuously trying to keep up with…
New Jersey and California Modify Pass-Through Entity Tax Rules to Expand Benefits
By: Jeff Glickman, SALT Partner At a glance The main takeaway: New Jersey and California amended their pass-through entity (PTE)…
Massachusetts SaaS Company Eligible for Single-Factor Apportionment as a Manufacturer
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: A ruling in Massachusetts concluded that a company’s classification…
Florida Applies Service Revenue Sourcing Guidance Based on Location of Deliverables
By: Tina M. Chunn, SALT Senior Manager At a glance The main takeaway: Florida concluded that a taxpayer’s service revenue…
Georgia Election to Pay Tax at the Pass-Through Entity Level
At a glance The main takeaway: Effective beginning the 2022 tax year, Georgia has joined many other states in allowing pass-through…
Accounting, Finance and IT Staffing: Tips to Recruit Top Talent in 2022
At a glance The main takeaway: Companies need to get comfortable with selling job opportunities to talented candidates and shifting their…
5 ESG Investment Benefits for Management
At a glance Investor expectations: In today’s rapidly changing climate, investors are demanding companies take an active approach towards implementing a…
The OECD’s Two-Pillar Solution Poses Big Tax Changes for International Businesses. Will You Be Affected?
At a glance The main takeaway: The Organisation for Economic Cooperation and Development’s (OECD) Two-Pillar Solution is intended to address…
COVID Debt Relief – Bankruptcy and Weighing Your Options
At a glance The main takeaway: In a panel discussion with Graham Stieglitz, Partner at Burr & Forman, we dispelled bankruptcy’s…
AB5 Makes it More Difficult to Classify Workers as “Independent Contractors”
At a glance The main takeaway: Governor Gavin Newsom has signed into law a new piece of legislation entitled AB5….
California is Now Requiring Schedules Report California Tax Basis Capital Accounts
At a glance Main takeaway: The State of California amended their tax laws now requiring Schedules M-2 and K-1 to…
Dentists: Is Your Practice’s Overhead Too High?
At a glance: The Main Takeaway: Many general dental practices operate with excessive overhead eating into profits due to surplus operating…
Digital Asset Staking: Your Top Tax Questions, Answered
At a glance The main takeaway: A U.S. District Court case out of Tennessee calls into question the taxability of staking…
Ransomware: King of Cybersecurity Threats
At a glance The main takeaway: The fastest-growing threat facing businesses today is ransomware. There are numerous methods threat actors…
Governor Signs Two Significant Bills Affecting Businesses
At a glance Main takeaway: Earlier this week, Governor Newsom signed two significant bills that business should understand, SB 113 and SB 114….
New Guidance from the IRS Makes Claiming R&D Credits More Complex
At a glance The main takeaway: Taxpayers wishing to claim research and development (R&D) credits for expenditures made in previous years…
The Pulse on the Economy and Capital Markets: Jan 24 – Jan 28, 2022
At a glance: The markets can’t catch a break with stocks, bonds and cryptocurrency continuing to decline. Oil remains the…
Bank Benchmarking Helped Two Global Restaurant Brands Reduce Service Fees by 20%
At a glance The main takeaway: You may be overpaying for your banking services. Carl’s Jr. and Hardee’s benchmarked their banking…
The Evolution of ESG: From Niche to Mainstream
At a glance ESG coming of age: ESG investing has grown rapidly over the past decade with no signs of slowing…
Tennessee Rules that Online Cloud-Based Platform is Not Subject to Sales Tax
By: Tina Chunn, SALT Senior Manager At a glance The main takeaway: As more companies offer products and services through…
Virginia Residents: You May Pay Double State Tax on Pass-Through Entity Income
By: Jeff Glickman, SALT Partner At a glance The main takeaway: The decision of making a Pass-Through Entity Tax election…
Gain From the Sale of Federal Environmental Credits Treated as Apportionable Income in Wisconsin
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: A ruling by the Wisconsin Tax Appeals Commission…
Washington Sources Service Revenue to Location Where Customer Received Benefit
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: Determining how to source service revenue for state…
Dentists: Are You Considering Your Patient’s Risk Tolerance?
At a glance: The main takeaway: Dentists may be the experts on dental health care, but your patients are the experts…