U.S. Supreme Court Rules Online Retailers May Be Subject to State and Local Sales Tax Laws
From the Desk of Zach Wimberger, Tax Services Team On June 22, 2018, the Supreme Court made its ruling in the South Dakota v. Wayfair Inc. case that is likely to have effects on everyone from the casual internet shopper to some of the largest businesses in the country. Nexus, also called “sufficient physical presence,” […]
Will the New Pass-Through Deduction Work for You?
From the Desk of Jennifer Kobylarz, CPA, MST The Tax Cuts and Jobs Act, signed into law on December 22, 2017, created §199A – Qualified Business Income (QBI). This code section allows taxpayers, other than corporations, to deduct a portion of QBI from their taxable income. The code section is long and arduous, with several […]
Tax Bill Passed: What Now?
This week we saw the finality of the approved Tax Bill. Signed by President Trump the morning of December 22nd, things are finally official. Our team has been working diligently to prepare information for you to help clear through the clutter of the robust document, and find out what all this means to you. You […]
The House and Senate – Weeding through proposed Tax Reform
From the Desk of Jennifer Kobylarz, CPA, MST The House and Senate are currently working to reconcile the differences between their two tax reform bills. Until we have further clarification on a final bill, we have summarized these proposed changes and have listed them below. We will keep you updated as the final reconciliations are […]