Posts Tagged ‘SALT’
State & Local Tax (SALT) Newsletter June 2021
https://info.aprio.com/aprio-salt-newsletter-dont-miss-the-mark-on-employment-tax-obligations
Read MoreAllocable vs. Apportionable Income: a New Virginia Tax Ruling Tackles the Topic
By: Betsy Goldstein, SALT Manager At a glance: The main takeaway: The tax treatment of the gains from business sales as either apportionable or allocable income differs from state to state. Impact on your business: States like Virginia do not have traditional definitions of apportionable vs. allocable income, which can make the process of classifying…
Read MoreCalifornia: Taxpayer’s Out-of-State Activity Did Not Change Residency Prior to Sale of Stock
By: Tina M. Chunn, SLAT Senior Manager At a glance: The main takeaway: A recent case out of California shows that changing state residency is not a cut-and-dry issue. Impact on your business: You need to affirmatively abandon your “old” state of residence when moving to a new state to avoid complex and costly tax…
Read MoreNew Indiana Ruling Puts a Spotlight on the Sourcing of Product Sales vs. Services
By: Aspen Fairchild, SALT Associate At a glance: The main takeaway: We revisit a recently reversed Indiana case that highlights the importance of product sales versus services for state income tax purposes. Impact on your business: The ruling underscores the complexities surrounding the application of correct apportionment sourcing rules for taxpayers that provide services closely…
Read MoreMobile Workforce Protection Reintroduced in Congress, Enacted in West Virginia and Louisiana
By Jeff Glickman, SALT Partner-in-Charge At a glance: The main takeaway: Now that business travel is opening back up and more employees will be performing services in multiples states, federal and state lawmakers are contemplating legislative protections for mobile workers and their employers. Impact on your business: There are potentially costly state tax implications of…
Read MoreState & Local Tax (SALT) Newsletter May 2021
https://info.aprio.com/aprio-salt-newsletter-are-you-due-for-a-sales-tax-nexus-analysis
Read MoreNew York: Charges Incurred Through Tableside Tablet Content Are Now Taxable
By: Aspen Fairchild, SALT Associate At a glance: The main takeaway: Tableside mobile tablets have become a mainstay at many restaurants across the U.S., but there is confusion around how charges for using them should be taxed. Impact on your business: This ruling is just an example of a broader reminder that businesses need to…
Read MoreAn Update on the Wayfair Decision: And Then There Were None
By: Jeff Glickman, SALT Partner At a glance: Wayfair news: As we approach the three-year anniversary of the South Dakota v. Wayfair, Inc. decision, the last three states without a sales tax economic nexus rule have finally joined the party. Know your requirements: If you conduct a multistate business, you need to be well-versed in…
Read MoreWashington Businesses: Gross Receipts May Include Customer Reimbursements, Limiting Deductions
By: Tina M. Chunn, SALT Senior Manager At a glance: The main takeaway: A new ruling out of Washington suggests that customer reimbursements may be included in gross receipts. Impact on your business: This case calls into question B&O tax deductibility for certain Washington-based businesses. Next steps: Aprio’s State and Local Tax (SALT) team has…
Read MoreVirginia Ruling Explains Documentation Requirement for Electronic Delivery of Software
By: Jess Johannesen, SALT Senior Manager At a glance: The main takeaway: A new sales tax ruling out of Virginia addresses in-depth documentation requirements for electronically delivered software purchases. Impact on your business: If your business does not have sufficient documentation to support a sales tax exemption, your tax bill could take a hit. Next…
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