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Doing Business in the EU? Get Behind the Privacy Shield
Despite earlier reports to the contrary, the presidential executive order that limited privacy rights of non-citizens did not negate Privacy Shield.
Georgia Ruling Addresses Sales Tax Treatment of Non-Itemized Lease Payments
The fees itemized or not itemized on an invoice to a customer can impact the sales tax a business must…
Massachusetts Classifies Biotech Company as Manufacturer Requiring Single Sales Factor Apportionment
State income apportionment methods sometimes vary by industry, and a recent case highlights the importance of industry classification. By Tina…
Indiana Rules that Cloud-Based Solution for Webcasting is Not Taxable
Indiana decided that the taxpayer’s business was a non-taxable service, instead of a taxable software product. Companies frequently use webcasts…
Utah Rules that Taxpayer Lost Net Operating Loss Carryover Following Merger
A recent Utah case stated that if an acquired company is merged out of existence, its NOLs cannot be deducted…
California Court of Appeals Confirms Passive LLC Members Aren’t Liable for Minimum Franchise Tax
A California court determines that passive investors are not “actively engaged” and thus are not doing business in California for…
Sage Construction and Real Estate Current Software Promotion
Are you in need of more licenses for your Sage Construction and Real Estate (Sage CRE) software? Does your team have…
Revenue Recognition Series: Why Were the New Revenue Standards Issued?
In order to fully appreciate the implications of the new revenue standards it is helpful to understand the process which…
Are you Part of a Trade Association? Membership Options for Government Employees
While many government employees benefit from professional association membership, federal and state statutes may prohibit or limit the reimbursement of…
Claim R&D Credits Against Your Federal Payroll Withholding
By Carli McDonald, partner-in-charge of R&D Tax Credit Services, and Olivia Backs, tax associate Last year, Congress re-vamped its tax…
Accounting Anomalies – Indicators of a Hacker?
Companies investigating hacks put too much emphasis on technology and too little on business analysis. Organizations should look closely into accounting…
Compliance: Mortal Enemy of Fintech Innovation?
By Dan Schroeder, partner-in-charge, Information Assurance Services PSA for fintech innovators: If you haven’t already, you will soon run into…
PCI Compliance Is Broken. The “Business as Usual” Mindset Holds the Key to Fixing It.
The typical approach to PCI compliance is high-drama, inefficient and ineffective. You don’t have to look far for proof.
Fintech Companies: Ignore Security- and Privacy-by-Design at Your Peril
By Dan Schroeder, partner-in-charge of Information Assurance Services Heightened regulatory and industry scrutiny of data-security practices is elevating security-by-design and…
Goodwill Impairment Analysis Simplified with Removal of Step 2 Requirement
The Financial Accounting Standards Board (FASB) has amended the Accounting Standards Codification (ASC) Topic 350 related to the subsequent measurement…
Additional Small Business Subcontracting Plan Compliance Requirements Underway
Significant regulatory changes instituting small business subcontracting improvements have been incorporated into the Federal Acquisition Regulations (FAR), imposing additional small…
Hawaii General Excise Tax and the Unsuspecting Government Contractor
Winning a contract in a new state can present many challenges, not least of which is ensuring that your company…
More States Expected to Enact Use Tax Disclosure Rules in 2017
In light of Colorado’s victory, many more states look set to implement rules requiring vendors to notify purchasers of their…
Texas Denies COGS Deduction and Revenue Exclusion to Computer Software and Consulting Company
A Texas Comptroller’s Decision illustrates how companies must be careful not to underpay taxes when applying narrow definitions. By Jess…
Indiana: Charges to Dining Customers for Access to Games and Songs on Mobile Devices are Not Taxable
In contrast to a recent Wisconsin ruling, Indiana determined that charges from tablets in restaurants are not taxable because the…
Alabama Ruling Demonstrates Complications of Separate State Filings for Consolidated Groups
Certain transactions which have no immediate impact for federal tax purposes can have an immediate state income tax impact if…
Tennessee Court Addresses Distinction between Retail and Wholesale Sales for Security Equipment Provider
The classification of sales as retail or wholesale can sometimes impact taxes paid, as illustrated by Tennessee’s Business Tax. By…
Caution: Corporations with NOLs and a Foreign Subsidiary Must File Federal Tax Returns with Form 5471 on Time to Avoid Penalties
Avoid this common misunderstanding. U.S. corporate leaders may assume that their U.S. Federal Form 1120 corporate income tax return does not…
Reminder: Altered Due Dates for 1099s
By Charles Webb, partner Now that 2017 has arrived, we wanted to remind you of some important new due dates…
Treasury & IRS Release Final Regulations for Form 5472
By Robert Verzi, partner, and Philip Brudney, manager On Dec. 13, 2016, the Treasury Department and the IRS released final…
Additional 2017 Tax Inflation Adjustments
By Charles Webb, partner, and Laura Dadson, tax associate The Internal Revenue Service recently released the annual inflation adjustments for…
Alabama Tax Tribunal: Regulation Limiting Credit for Tax Paid to Other States Invalid
Alabama residents who paid taxes to other states and whose credits were limited by the invalid regulation may have a…
Mississippi Rules that Denial of Deduction for Dividends Received from Out-of-State Subsidiaries is Unconstitutional
The Mississippi Supreme Court finds that the state’s denial of a dividend received deduction discriminated against interstate commerce, opening the…
Sales Tax Treatment of a Single Offering Containing Multiple Products/Services
As traditional products such as software move to a more service-based approach through hosted environments, it is increasingly difficult to…
Physical Fitness is Taxing: Washington Issues Guidance Distinguishing Fitness from Instruction
Subtle distinctions in a service can cause its classification for sales and use tax purposes to change, as one fitness…
Best Internal Control Practices for Schools
Schools are the perfect places to find new opportunities and challenges at every turn. Furthermore, the next challenge your institution…
Colorado Rules that Foreign Company Had Nexus Due to Consignment
Foreign companies that structure their U.S. business to avoid creating a permanent establishment in the U.S. may still be subject…
Nebraska Refuses to Apply Sham Transaction to Deny Special Capital Gains Exclusion
Nebraska ruled that a taxpayer’s transactions to meet the requirements of a special capital gains exclusion were legal. By Jeff…
Washington: Taxpayer Must Charge Sales Tax on Entire Charge for Taxable and Non-Taxable Services
A recent Washington tax determination illustrates the impact invoicing can have on the taxability of products and services. By Jess…
Arizona Explains Who is Responsible for Tax Collection for Online Marketplace Transactions
An Arizona tax ruling states that an online marketplace is responsible for the state’s Transaction Privilege Tax if it provides…
New York Issues Advisory Opinion Pertaining to Personal Exclusion for Taxable Information Services
A recent New York Advisory Opinion examines whether certain information services qualify as exempt from sales and use tax. By…
GSA Schedule and OASIS Digital Tool Series – Market Research, Pricing, and Opportunities
GSA’s Professional Services Category created six short, informational videos about the Acquisition Gateway and a range of digital tools including:
Who Gets a Form 1099 and When are They Due?
As the year draws to an end, many business owners face the challenge of determining which of their vendors will…
UPDATE: U.S. Supreme Court Refuses to Hear Colorado Use Tax Reporting Case
On Dec. 12, 2016, the U.S. Supreme Court ended almost five years of litigation over Colorado’s use tax reporting law…
Private Schools: Accounting for Delinquent Accounts
Even schools with the most stringent of tuition policies can find themselves dealing with delinquent accounts. So, how do you…
Tennessee Sales Tax Rule Continues Economic Nexus Trend
This article was co-authored by Paul A. Zee-Cheng. On October 3, 2016, Tennessee issued a proposed rule making it the third…
Ohio Supreme Court Upholds the Factor Presence Nexus Rules for the Commercial Activity Tax
The Ohio Supreme Court has determined that a physical presence is not a necessary condition to levy a business privilege…
Deadline for ACA Reporting Extended
On November 18, 2016, the IRS announced (Notice 2016-70) that the deadline for 2016 reporting requirements under Sections 6055 and…