Posts by Ty Griffith
State & Local Tax News November/December 2023
The Pulse on the Economy and Capital Markets: December 11 – 15, 2023
To Summarize: The financial markets spark optimism while holiday shopping broke records. However, concerns linger for lower-income consumers and businesses strained by inflation and rising interest rates. We unpack this and more in the November edition of The Pulse. In the Markets: The stock, bond and crypto markets surged on the possibility of sidestepping a…
Read MoreTennessee Rules that Horse-Drawn Carriage Rides are Taxable as Amusements
By: Camille Adams, SALT Senior Associate At a glance Schedule a free consultation today to learn more! The full story: Recently, the Tennessee Court of Appeals (Court) issued an opinion upholding an assessment from the Department of Revenue (Department) concluding that the charge for a horse-drawn carriage ride is subject to sales and use tax…
Read MoreMaine Determines that Taxpayer Must Source Service Revenue to Location of its Customer’s Customer
By: Jeff Glickman, SALT Partner At a glance Schedule a free consultation today to learn more! The full story: On November 7, 2023, the Maine Supreme Judicial Court (Court) delivered an opinion on an issue that service providers grapple with constantly — How should service revenues be sourced in states that use market-based sourcing rules?1…
Read MoreOhio Denies Commercial Activity Tax Exclusion for Reimbursed Expenses
By: Tina M. Chunn, SALT Senior Manager At a glance Schedule a free consultation today to learn more! The full story: When a business incurs a cost for its customer’s benefit that will be passed along to that customer (without reduction or mark-up), there is no direct impact on the business’ income since the reimbursement by the…
Read MoreMichigan Tax Tribunal Rules that Subsidiary is Excluded from Unitary Business Group
By: Michael Colavito, SALT Director At a glance Schedule a free consultation today to learn more! The full story: In TTI Inc. v. Michigan Department of Treasury, the Michigan Tax Tribunal (Tribunal) recently ruled in favor of a taxpayer that its wholly-owned subsidiary was not part of its unitary business group (UBG) because the two…
Read MoreOffline-Download Feature in a Streaming Service Bundle Made Entire Charge Taxable in Utah
By: Jess Johannesen, SALT Senior Manager At a glance Schedule a free consultation today to learn more! The full story: The Utah State Tax Commission (the Commission) recently determined that a taxpayer was liable for sales and use tax on subscription fees that the taxpayer charged to its customers on streaming services, which included an…
Read MoreWashington Court Rules Taxpayer has Physical Presence Despite No Offices or Employees
By: Betsy Goldstein, SALT Senior Manager At a glance Schedule a free consultation today to learn more! The full story: Much of the focus on state tax nexus over the last several years has been on the enactment of economic nexus laws, both for sales tax and for income tax (i.e., factor-presence nexus thresholds). However,…
Read More6 Healthcare Insights from Q4 2023 and What They Mean for You
According to Indeed.com, the growth rate of open physician and surgeon job postings continues to decline as labor markets shift toward being more employer-friendly versus employee-friendly. The loosening labor market has caused wage growth for physicians’ offices to fall below national and industry averages. Although patients’ interest in physicians’ services is still high compared to…
Read More6 Dental Insights from Q4 2023 and What They Mean for You
According to Indeed.com, the growth rate for open dental job postings continues to decline, as labor markets improve for practice owners and managers. The loosening labor market has caused wage growth for dental offices to fall below the national and healthcare industry averages. Although patients’ interest in dentistry is still high compared to pre-pandemic levels,…
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