CPAs need to be aware of current tax developments in key states to properly advise clients that are doing business in multiple jurisdictions. Below is…
On March 30, Governor Andrew Cuomo and New York State legislators reached an agreement on the state's 2018/19 budget, which the governor executed on April…
Tax-Exempt Leases of Tangible Personal Property
Sales and Use Tax Implications
The lease of tangible personal property with an operator, or a “fractional ownership” arrangement where the use of a tangible asset is collectively shared by…
Changes to the New York City Commercial Rent Tax
A Victory for Small Business Owners
A new law, passed by the New York City Council on November 30, 2017, made significant changes to the New York City Commercial Rent Tax…
First Look at the Tax Cuts and Jobs Act of 2017
Impact on State Taxation
On December 22, 2017, President Trump signed into law H.R.1, the Tax Cuts and Jobs Act (TCJA). This law represents significant and complex changes to…
Connecticut Legislative Update
Personal, Corporate, and Estate and Gift Tax Changes
CPAs need to be aware of recent legislative developments at the state level in order to properly advise taxpayers doing business in multiple jurisdictions. After…
New York State and City Prior Net Operating Loss Conversions
Common Errors and Important Highlights
At a recent state and local tax conference, the New York State Department of Taxation and Finance (DTF) and the New York City Department of…
Sourcing receipts for apportioning business income continues to be a challenge to CPAs, especially for providers of services. Financial service companies in particular have seen…
Washington State recently passed legislation extending its Business & Occupation (B&O) tax economic nexus provisions to retailers, expanding its sales/use tax nexus provisions to remote…
CPAs should be aware of current developments in various states with regard to sales and use taxes in order to properly advise companies doing business…
SLT | Understanding Click-Through Nexus
States Seek to Collect Sales and Use Taxes from Remote Vendors
In today's economy, with its frequent changes in technology and consumer sophistication, states are increasingly following in each other's footsteps by adopting click-through nexus laws,…
Federal and state governments have developed the Unemployment Insurance Program, which provides unemployment benefits to certain workers who are not working through no fault of…
The Multistate Tax Commission (MTC) recently announced a Voluntary Disclosure Program called the Online Marketplace Seller Voluntary Disclosure Initiative. The program seeks to induce remote…
CPAs need to be aware of current developments in key states in order to properly advise taxpayers doing business in multiple jurisdictions. Particularly of note…
On April 10, 2017, Governor Andrew Cuomo signed into law New York's 2017/2018 Budget Bill, which contains significant tax measures that CPAs need to be…
CPAs need to be aware of current developments in key states in order to properly advise companies doing business in multiple jurisdictions. This article will…
This is the first busy season since the enactment of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, which amended federal…
An individual who lives outside New York and maintains a place of abode in New York, even for occasional use, may be selected by the…
SLT | Understanding Click-Through Nexus
States Seek to Collect Sales and Use Taxes from Remote Vendors
In today's economy, with its frequent changes in technology and consumer sophistication, states are increasingly following in each other's footsteps by adopting click-through nexus laws,…
CPAs need to be aware of current developments in key states in order to properly advise taxpayers doing business in multiple jurisdictions. This article provides…
An individual who lives outside of New York and maintains a home, apartment, or room in New York that is usable all year may be…
New York State's recent corporate tax reform resulted in many changes to its statutes and regulations, including some significant changes to the investment capital and…
As many CPAs may be aware, the state of Nevada has historically never imposed an entity-level corporation income tax on companies doing business within its…
California Multitiered Partnerships
An Overview of a Complex Area
New York CPAs often have to address issues regarding California multitiered partnerships on behalf of their clients. This complex area of tax law has been…
SLT | New York’s Enhanced Collection Procedures for Delinquent Taxpayers
Driver’s License Suspension Program
New York State tax law now provides the New York State Department of Taxation and Finance (DTF) with a new enforcement tool to assist in…
The conveyance of real property or an interest therein, whether commercial or residential, is subject to the New York State and City real estate transfer…
Many tax professionals who consult on transactions involving the sale of a New York business operation often overlook the state's bulk sale notification requirements, which…
There are several points in a business's life cycle that represent increased risk. One prime example is the buying or selling of all or part…