Posts Tagged ‘taxes’
North Carolina Provides Guidance on Application of Marketplace Facilitator Rules
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: A private letter ruling in North Carolina illustrated that you don’t have to be a big retail brand to be considered a marketplace facilitator. Assess the impact: While guidance can vary from state-to-state, this ruling demonstrates how private marketplaces should be prepared to collect…
Read MoreTexas Supreme Court Rejects the “Receipt-Producing, End-Product Act” Sourcing Test
At a glance Schedule a free consultation today to learn more! The full story: In our June 2020 SALT newsletter, we wrote an article summarizing a Texas Court of Appeals decision that applied a “receipt-producing, end-product act” test to the state’s “services performed” sourcing rule to conclude that Sirius’s receipts from subscriptions to its satellite…
Read MoreMulti-Level Marketer’s Web-Based Platform Not Subject to Sales Tax in New York
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: Businesses are continuously trying to keep up with today’s evolving technology. One of the growing trends is the provision of services through a web-based platform. The struggle for many business owners is that there may be different sales tax obligations applied to a…
Read MoreNew Jersey and California Modify Pass-Through Entity Tax Rules to Expand Benefits
By: Jeff Glickman, SALT Partner At a glance The main takeaway: New Jersey and California amended their pass-through entity (PTE) taxes with the goal to expand benefits and address previous shortcomings. Assess the impact: The new amendments made to PTE taxes will expand the applicability of a PTE tax election and increase the net potential…
Read MoreMassachusetts SaaS Company Eligible for Single-Factor Apportionment as a Manufacturer
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: A ruling in Massachusetts concluded that a company’s classification as a manufacturer should not have been revoked on the basis that they sell standardized computer software to customers that is accessed through a Software-as-a-Service platform. As a result, the company saved Massachusetts income taxes…
Read MoreTennessee Rules that Online Cloud-Based Platform is Not Subject to Sales Tax
By: Tina Chunn, SALT Senior Manager At a glance The main takeaway: As more companies offer products and services through cloud-based applications, the treatment of sales tax has become more complex. Assess the impact: Each state has different definitions of the types of services that are subject to sale tax, and determinations of what a…
Read MoreVirginia Residents: You May Pay Double State Tax on Pass-Through Entity Income
By: Jeff Glickman, SALT Partner At a glance The main takeaway: The decision of making a Pass-Through Entity Tax election is not straightforward, and the tax consequences to each owner will vary depending on each state’s rules. Assess the impact: Pass-Through Entities that operate in multiple states and have individual owners that reside in multiple…
Read MoreGain From the Sale of Federal Environmental Credits Treated as Apportionable Income in Wisconsin
By: Jess Johannesen, SALT Senior Manager At a glance The main takeaway: A ruling by the Wisconsin Tax Appeals Commission addresses why the sale of federal environmental credits is classified as apportionable income. Assess the impact: Determining whether income should be treated as apportionable can have a significant impact on a corporation’s state income tax…
Read MoreWashington Sources Service Revenue to Location Where Customer Received Benefit
By: Aspen Fairchild, SALT Senior Associate At a glance The main takeaway: Determining how to source service revenue for state tax apportionment purposes can be a difficult and complex analysis as regulatory standards are vague and are open to interpretation in each state. Assess the impact: Based on a ruling in Washington, product design is…
Read MoreState and Local Tax (SALT) Newsletter November/December 2021
https://info.aprio.com/aprio-salt-newsletter-must-know-tax-news-for-2022
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