STATE & LOCAL TAX

One Taxing Situation: South Dakota vs. Wayfair, Inc

The United States Supreme Court delivered its ruling on the much talked about “South Dakota vs. Wayfair” case that will change how interstate sales are taxed. As a result of this ruling, states can now enforce retailers to collect sales taxes regardless of if they have a physical presence in the state. This ruling applies [...]

June 22nd, 2018|STATE & LOCAL TAX|

How the TCJA Can Help You Choose Your Debt Payoff Strategy

Randomly picking which debt to pay off first is not the ideal strategy—especially considering the magnitude of the average American’s debt, as well as rising interest rates. In 2017, the average American household had more than $130,000 of debt, made up of home mortgages, credit card debt, student loans, and auto loans. It’s no wonder [...]

June 20th, 2018|INDIVIDUAL TAX, STATE & LOCAL TAX|

4 Trigger Events That Might Help You “Find” Money Using a Reverse Audit

While the word “audit” may sound scary in certain contexts, a reverse audit may help a company obtain a refund for overpaid state sales and use taxes. But when might a business consider such an engagement? Watch as Amy Hightower describes four instances in which it may be best to evaluate the potential [...]

July 25th, 2017|STATE & LOCAL TAX, VIDEO|

8 Common Questions & Answers About SALT Transactions

Given the complexity of state and local tax (SALT) transactions, we’ve answered eight of the most frequently asked questions about the topic. Q: When acquiring a company, what should a CFO be concerned about from a SALT perspective? A: The first priority is conducting due diligence on potential SALT exposures. Due diligence is particularly important [...]

December 12th, 2016|STATE & LOCAL TAX|

Economic Nexus: The New & Online Frontier of State Nexus

Business owners that expand their operations through e-commerce or remote employees may be required to file taxes for states that their companies serve. Watch as Kris Hoffman describes this scenario -- also known as "economic nexus" -- and how business owners should address it.

April 19th, 2016|STATE & LOCAL TAX, VIDEO|

Hiding In Plain Sight: Use Tax

Businesses are accustomed to paying sales tax on company purchases and charging sales taxes to customers, but another component of sales tax may be hiding in plain sight. Use tax applies when sales tax isn't charged. Businesses should be self-assessing use tax to avoid state tax audits. Watch Kris Hoffman discuss sales and [...]

December 21st, 2015|STATE & LOCAL TAX, VIDEO|