Posts Tagged ‘SALT’
Ohio and California Address Income Tax Treatment for Sales of Equity Interests in a Business
By: Jeff Glickman, SALT Partner At a glance The main takeaway: Ohio enacted a new law and California issued guidance that could create income tax obligations in those states for nonresidents that sell their partnership interests. Impact on your business: For individuals who are selling their businesses, these updates could potentially create multistate tax issues…
Read MoreSouth Carolina Issues Helpful Guidance for Determining Domicile
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: Changing the state that you call “home” for income tax purposes isn’t as easy as getting a new driver’s license or updating your mailing address. Impact on your business: In states with limited guidance, taxpayers can use the South Carolina Department of Revenue’s…
Read MoreState and Local Tax (SALT) Newsletter August 2021
https://info.aprio.com/aprio-salt-newsletter-new-tax-perks-for-crypto-miners
Read MoreCryptocurrency Miners are Now Eligible for Kentucky Tax Incentives
By: Jeff Glickman, SALT Partner At a glance The main takeaway: Kentucky recently enacted tax incentives focused specifically on cryptocurrency mining facilities. Impact on your business: Other states are offering similar types of incentives to attract large data centers, which may apply to crypto miners. Next steps: Aprio’s State and Local Tax (SALT) team can…
Read MoreCalifornia Enacts a Pass-Through Entity Tax as a SALT Cap Workaround
By: Jeff Glickman, SALT Partner At a glance The main takeaway: With the signing of AB 150, California is the latest of several states to establish an elective pass-through entity (PTE) tax. Impact on your business: The PTE tax is intended to be a workaround to the federal $10,000 cap on the deduction for state…
Read MoreState & Local Tax (SALT) Newsletter July 2021
https://info.aprio.com/aprio-salt-newsletter-are-you-a-marketplace-facilitator-it-matters-for-taxes
Read MoreA Tennessee Ruling Puts a Spotlight on the Sales Taxability of Marketplace Facilitators
By: Tina Chunn, SALT Senior Manager At a glance: The main takeaway: Though they haven’t received as much press as economic nexus rules, many states have recently enacted sales tax collection rules for marketplace facilitators like Amazon. Impact on your business: A recent ruling out of Tennessee sheds additional light on how to determine if…
Read MoreNew York Businesses: Call-Handling Software is Subject to Sales Tax
By: Jeff Glickman, SALT Partner-in-Charge At a glance: The main takeaway: A recent tax ruling out of New York sheds light on the distinction between taxable software and nontaxable services. Impact on your business: Depending on the type of software your business provides to customers, it could be treated as either taxable or nontaxable, which…
Read MoreWhat a Recent New Jersey Tax Ruling on P.L. 86-272 Means for Businesses
By: Jess Johannesen, SALT Senior Manager At a glance: The main takeaway: A new tax court ruling out of New Jersey calls into question businesses’ protection under Public Law 86-272 (P.L. 86-272). Impact on your business: L. 86-272 provides protection from income tax liability in states where businesses would otherwise have nexus, but depending on…
Read MoreNews for Iowa Businesses: Study.com’s Online Learning Platform is Subject to Sales Tax as SaaS
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: There has been much debate across states regarding the taxability of software and services accessed online. Impact on your business: The Iowa Department of Revenue’s ruling regarding Study.com, and the taxability of its online learning platform as SaaS, has major implications for businesses that…
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