Tax, Audit & Accounting
Proceeds from an Easement or Right-of-Way
When you hear someone talk about building new pipelines or wind turbines, they often refer to securing an easement or a right-of-way. Farmers and ranchers are increasingly receiving easement, or right-of-way payments for expanded roadways, pipelines, wind turbines, electrical towers and similar permanent improvements that have a permanent impact on the use of their property.
Where to Start with State Sales Tax Reporting
With the U.S. Supreme Court ruling on the South Dakota v. Wayfair case, states now have the ability to collect income tax from remote sellers, who are companies that do not have a physical presence in that state. However, states must have legislation in place to proceed with collecting taxes from remote sellers. Currently 19 […]
Iowa Expands Types of Businesses Required to Collect Sales Tax
Iowa Governor Kim Reynolds recently signed Senate File 2417, an extensive state tax reform bill that will greatly impact the tax structure in Iowa. This legislation contains changes to modernize and expand the types of businesses required to collect Iowa sales tax.
Out of Compliance? Sales Tax Amnesty Programs Can Help
With each state having its own body of legislation around sales and use tax, it doesn’t take much for an organization to find itself out of compliance which could result in hundreds of thousands of dollars in additional costs.
Make the New Federal Paid-Leave Tax Credit Work for You
A new federal tax credit is available for employers that provide paid family and medical leave to their employees thanks to the 2017 Tax Cuts and Jobs Act. The credit is available beginning this year, 2018, and is effective until the end of 2019, although many are hopeful that future legislation will make the program permanent.
Supreme Court Ruling Reinforces Compliance Needs – Quill is Killed: Multi-state businesses pay attention
The U.S. Supreme Court ruled in favor of South Dakota in the South Dakota v. Wayfair case on June 21. This means that states and local governments now have the ability to require online retailers to collect and remit sales taxes.
Will Quill Be Killed? Preparing for Changing Landscape in Multistate Sales and Use Tax Compliance
In the coming weeks, it is anticipated that the Supreme Court will rule on South Dakota v. Wayfair. This is the first time in more than two decades that the U.S. Supreme Court is revisiting the issue of state tax nexus.
How might it be in 2023 and how to get there – Part 2
The CPA profession is undergoing the most significant transformation ever over the next five+ years! This is an exciting time for all of us – at every level. It is also a time of concern for leaders as they make decisions about their firm’s future direction. This is the second part of a two-part article […]
How might it be in 2023 and how to get there: Part 1
Our CPA profession is undergoing the most significant transformation ever during the next 5+ years! This is an exciting time for all of us – at every level. It is also a time of concern for leaders as they make decisions about their firm’s future direction. This article is a two-part article intended for partners […]