California and DC recently joined 34 other states and passed legislation which will now require out-of-state retailers to collect and remit sales tax if the sales or the number of transactions in the states exceed certain thresholds in the preceding…
There has been much discussion among trade and news editors about rising interest rates and their effect on a number of industries. However, when it comes to the commercial real estate and construction industry, there could be a greater disruptor—tariffs….
It might be human nature to procrastinate. It’s definitely not in most accountants’ natures, however. That’s what makes the findings in a recent MorganFranklin poll about the adoption of new revenue recognition and lease accounting standards so surprising. Most companies…
The Tax Cuts and Jobs Act, which became law on December 22, 2017, has attracted the lion’s share of popular interest from taxpayers who focused on its individual and business tax reform changes. That said, there were less publicized international…
Have you thought about your personal tax situation for 2018? In addition to reviewing the adequacy of your payroll withholdings and estimated tax payments, there’s still time to employ some tax-savvy moves that could potentially decrease this year’s tax bill….
As a result of the United States Supreme Court’s decision in South Dakota v. Wayfair, many states have been scrambling to draft sales tax nexus laws which will effectively eliminate the prior physical presence threshold requirements. A number of states…
TODAY, August 27, 2018, is the last day to make contributions to charitable funds that reduce state and local tax liabilities. New regulations will take affect that will limit the charitable deduction. The IRS just released the proposed regulations (REG-112176-18)…
On June 21, 2018, the U.S. Supreme Court issued an opinion in South Dakota v. Wayfair, overturning its earlier precedents in National Bellas Hess and Quill, and eradicating the decades-old “physical presence” requirement for sales and use tax nexus. The…
In what is sure to be regarded as a landmark decision for state and local taxation, the United States Supreme Court ruled today that states can levy sales taxes on purchases made through out-of-state online retailers, dealing a heavy blow…
Tax season is in full swing and returns are being submitted every day. That means tax refund checks have started to be issued by the IRS. Before you cash that check though you may want to check with your accountant…