Posts by Ty Griffith
State & Local (SALT) Newsletter October 2023
Tennessee Rules that the Manufacturing Sales Tax Exemption Does Not Require Production of a New Product
By: Tina M. Chunn, SALT Senior Manager At a glance Schedule a free consultation today to learn more! The full story: Many states provide manufacturers and/or processers of tangible personal property with sales tax exemptions that can cover a wide range of inputs, such as machinery, equipment and materials. However, the scope of those exemptions differs among states…
Read MoreSales Tax on Online Classes: A Troubling Trend or Merely a By-Product of the eCommerce Age
By: Michael Colavito, SALT Director At a glance Schedule a free consultation today to learn more! The full story: In the last few years, several states have addressed the sales tax treatment of online classes. Most recently, on September 5, 2023, the Rhode Island Division of Taxation issued Declaratory Ruling No. 2023-02, where the Division…
Read MoreNorth Carolina Issues Guidance on the Sourcing of Contract Manufacturing Services Fees from Affiliate
By: Jess Johannesen, SALT Senior Manager At a glance Schedule a free consultation today to learn more! The full story: In a recent North Carolina private letter ruling, a Taxpayer asked the North Carolina Department of Revenue (the Department) for guidance regarding the sourcing of contract manufacturing service fees received from a related entity.1 A…
Read MoreNew Mexico Resident Denied Credit for Tax Paid to California on Rental Income
By: Jeff Glickman, SALT Partner At a glance Schedule a free consultation today to learn more! The full story: As a general rule, in order to mitigate double taxation on income earned by a resident in another state and taxed by that other state, the state of residence will provide a tax credit against the…
Read MoreDental Newsletter – October 2023
6 Real Estate Insights from Q3 2023 and What They Mean for You
The supply of single-family homes remains historically tight, while multifamily housing supply is increasing due to previously permitted projects when demand was increasing and financing costs low. Record low affordability for homebuyers has led many to turn to multifamily housing, which portends to structurally increasing demand across geographies. Compared to historical valuation levels, office and…
Read MoreThe Pulse on the Economy and Capital Markets: October 2 – 6, 2023
To Summarize: Weaker stock and bond markets can be tied to expectations that the Federal Reserve will keep rates higher and for longer than many hoped. The economy continues to demonstrate mixed signals while consumers remain relatively healthy as we near the holiday season. We unpack this and more in the October edition of The…
Read MorePCI DSS v4.0: Navigating Changes and the Implementation Timeline
At a glance Are you ready to learn more? Schedule a conversation with our team. The full story: As the digital landscape evolves, so does the quest to safeguard sensitive payment data. On March 31, 2024, the Payment Card Industry Data Security Standard (PCI DSS) v3.2.1 will officially retire, and the new iteration of PCI…
Read MoreGovernment Contractors: When it Comes to CMMC, it’s Better to be Proactive
At a glance Are you ready to learn more? Schedule a conversation with our team. The full story: The implementation of the Cybersecurity Maturity Model Certification (CMMC) has been riddled with false starts, leading to compliance fatigue among government contractors like yourself. Nevertheless, CMMC is now a reality, and it’s not a question of whether…
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