Posts Tagged ‘taxes’
Webinar: Unpacking PPP Updates from the Latest Stimulus Bill
The Consolidated Appropriations Act, 2021 (the Act) was passed by Congress on December 21 and includes some significant changes to the Paycheck Protection Program (PPP). The Act not only provides for a second draw for certain borrowers, but it includes a flurry of changes to existing PPP loans, highlighted by modifications to the tax implications,…
Read MoreTexas Court Concludes That Sirius XM’s Subscriber Revenue is Sourced to Subscriber Location
In states that apply the “income-producing activity” or “services performed” rule for sourcing service revenue, the most important question is around how to precisely define these activities. As this Texas case shows, the answer is not always clear. By: Jeff Glickman, SALT Partner The sourcing of service revenue for apportionment purposes continues to be highly…
Read MoreTax Accounting & Provision Services Overview
State and Local Tax Services
How Time-Tracking and Data Analytics Can Help Drive Better Business Decisions
Law firms, accountants, consultants and other professional services businesses have long been accustomed to tracking employee time for billing and payroll purposes. But there’s gold in that time tracking data — more than just what comes from billings. Analysis of that data allows firms to gain insights into productivity, plan for staffing demands, improve operations,…
Read MoreStates can now force retailers without physical presence to collect sales tax, Supreme Court says
On June 21, 2018, the United States Supreme Court issued its opinion in South Dakota v. Wayfair, Inc.,[1] in which the Court, by a 5-4 vote, overruled over 50 years of precedent established by its rulings in Quill[2] and Bellas Hess,[3] and held that the physical presence nexus rule is “unsound and incorrect.”[4] This case…
Read MoreBuying & Selling Similar Properties? How to Defer Taxes on Like-Kind Exchanges
Ben, an investor in real estate, is curious about taxes on like-kind exchanges. He just finished renovations on an industrial building he has owned for years, transforming it into a modern, attractive office space. Like most real estate speculators, Ben doesn’t plan on retiring after this project is sold. In fact, he wants to invest…
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