V.I.P. Interview | Solutions to Serve Every Business Need
GACC: Can you tell us a little bit about yourself and how you started your career path? KM: Born and raised in Germany, I received my degree from the University of Mannheim and traveled quite a bit during my studies, including studying in the United States, and studying and completing an internship in France. My…
Read MoreYour Roadmap to a Managed Security Service Provider
At a glance The main takeaway: Cybersecurity is not something your business should tackle independently. It doesn’t matter the size of your company or the industry you’re in, you need to partner with a managed security service provider to level-up your security program. Impact on your business: Security challenges are more complex today than they…
Read MoreWashington Rules that Sales Tax Applies to Online Account Access Services
By: Tina Chunn, SALT Senior Manager At a glance The main takeaway: A taxpayer’s services provided through an online banking platform were classified as digital automated services by the state of Washington and thus deemed taxable. Assess the impact: Accurately classifying services provided via online platforms for sales tax purposes can be complicated due to…
Read MoreLegislative Tax Updates that New York and Georgia Taxpayers Should Know
By: Jeff Glickman, SALT Partner At a glance The main takeaway: The latest legislation in New York provides pass-through entities with one last chance to make a pass-through entity tax election for 2022, and the Georgia legislature enacted several notable tax bills. Assess the impact: If you’re a pass-through entity in New York, you now…
Read MoreCalifornia Court Upholds Taxpayers’ $12 Million Assessment for San Francisco Transfer Taxes
By: Jess Johannesen, SALT Senior Manager At a glance The situation: A recent California Appellate Court opinion sheds light on how local taxes can trigger high tax assessments and create costly consequences for certain business transactions where real estate is involved. Impact on your business: The case in question serves as an important reminder that…
Read MoreCalifornia Issues New Ruling on Sourcing Service Revenue, Revokes Prior Guidance
By: Aspen Fairchild, SALT Senior Associate At a glance: Key takeaway: In March, the California Franchise Tax Board issued a legal ruling that revises its interpretation for sourcing service revenue for California apportionment and revokes prior guidance. Impact on your business: The ruling impacts prior apportionment positions as well as nexus, since California imposes an…
Read MoreSOC 2 vs. ISO 27001: Which One is Right for Your Company?
At a glance Main takeaway: Companies are eager to demonstrate the effectiveness of their data protection systems, yet they’re unsure which security framework — SOC 2 report or ISO 27001 certification — will meet their needs best. Impact on your business: Deciding between a SOC 2 report and an ISO 27001 certification may seem like…
Read More3 Ways to Attract Top Talent in Restaurants, Franchises and Hospitality
At a glance Competition is getting tight: The hiring market has never been more competitive in restaurants, franchises and hospitality, leaving many businesses struggling to stay fully staffed and desperate to attract talent with staying power. Strategize for the bigger picture: Employees are thinking beyond the paycheck as they seek out new jobs, so employers…
Read MoreKey Cybersecurity Skills and Roles to Add to Your Organization
At a glance Level up your cyber approach: A crucial step to protecting your organization and improving company-wide security awareness is to hire more cybersecurity professionals. Find the right talent: When searching for cybersecurity talent, it’s important to look for a specific set of skills and qualities, in addition to creating roles that reflect where…
Read MoreQualifying for Section 1202: The IRS Provides Clarity on a Taxpayer’s Eligibility
At a glance The main takeaway: In a Chief Counsel Memo, the IRS concluded that a taxpayer’s business of facilitating rental property agreements between lessors and lessees should be classified as brokerage services thus deeming them ineligible for Section 1202. Impact on your business: For a taxpayer to receive the incentives that come with Section…
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