Tag: state and local tax

State and Local Tax Effects of Telework
Teleworking Employees and the Resulting SALT Effects

Three important state and local tax (SALT) effects that could result from teleworking employees, including…

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New York Tax - CARES Act
New York Becomes First State to Decouple from Key Business Tax Provisions of the CARES Act

New York became the first state to decouple from particular features of the CARES Act…

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The SALT Implications of the CARES Act

The CARES Act modifications will present a new round of state and federal conformity challenges…

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MA Sales Tax Postponed for Businesses
Massachusetts Postpones Collection of Business Sales & Other Taxes

Massachusetts Governor Charlie Baker's administration announced it was postponing the collection of regular sales tax,…

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State Tax Exposure for Financial Institutions

As a result of federal tax reform and the lowering of federal corporate and individual…

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Sending out Packages
Remote Sellers Assessed Sales Tax for Pre-Wayfair Periods

In the wake of the U.S. Supreme Court’s 2018 decision in Wayfair, every state that imposes…

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2019 Year-End Tax Planning for Individuals

Paying your individual income taxes likely represents one of the largest outlays of the year,…

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Close up View of Hand Writing A Donation Check
Charitable Contribution Deductions Limited with State Tax Credits

On June 13, 2019, the IRS and Treasury Department issued final regulations under Section 170, limiting federal…

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Post-Wayfair: California Enacts Economic Nexus

California has enacted a new law creating an economic nexus threshold for remote sellers and…

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Businessman with computer in warehouse
Key Updates for Economic Nexus

Virginia recently adopted economic nexus thresholds for sales and use tax collection purposes, while North…

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