GA Governor Signs Bill Making Consolidated Returns Easier to Elect
May 6, 2022Georgia Governor Kemp signed HB 1058 making it easier for affiliated corporations to file Georgia consolidated income tax returns. Read More
State and Local Tax (SALT)
Georgia Enacts Tax Refunds, Lowered Flat Rate Income Tax
April 25, 2022Georgia taxpayers will see money in their pockets this election year as a result of the Georgia General Assembly’s recent enactment of HB 1302, a bill to refund 2020 taxes based on the State’s 2021 revenue surplus of $3.7 billion. Read More
Tech Companies Untangle the Web of State Tax Complexity
March 10, 2022Technology companies who sell access to software or platforms via the Internet could be subject to complex state and local tax obligations. Read More
State Tax Pitfalls of Private Equity Investment in the Middle Market
March 7, 2022Private equity (“PE”) groups invest in middle-market companies creating numerous benefits to companies and investors alike; however, it also creates the potential for the state tax posture of the operating company or target company to unknowingly and drastically change. When... Read More
Use State Tax “Opportunity Management” to Fuel Your Growth
March 7, 2022Middle market companies are on a mission to build sustainable growth while simultaneously managing internal and external forces attempting to blindside that growth. Unfortunately, multistate taxes can be one of those forces or an inhibitor to growth (additional cost of... Read More
Foreign Companies in the U.S. Face Unforeseen Taxes
March 7, 2022Foreign companies operating in the United States may be surprised to learn they have a taxable presence for state income tax or sales tax purposes even though they may not pay any federal income tax. No PE, No Problem If... Read More
SALT ALERT: Should Your Company Make the Georgia Pass-Through Entity Election for 2022?
February 21, 2022Georgia’s law has enough unique factors to cause complexity and require analysis before a company (and its shareholders/partners) should decide to make a pass-through entity election. Read More
SALT ALERT: California Expands Income Tax Nexus Web to Catch Remote Companies
February 17, 2022By Brian Strahle At this stage of our online and remote world, most businesses that sell over the Internet are engaging in one or several of the nine activities California asserts will create income tax nexus. The path of activities... Read More
Final Regs on Meals and Entertainment Expenses Offer More Flexibility
October 26, 2020The release of final regulations on the business deduction for meals and entertainment concludes the IRS’s rulemaking that started with the repeal of the entertainment deduction in the 2017 TCJA. The 2017 law repealed the deduction for business entertainment expenses... Read More
IRS Provides Simplified Accounting Rules for Small Businesses
September 8, 2020New proposed regulations explain how small businesses can use the simplified accounting rules enacted by the TCJA. The 2017 law simplifies the application of the method of accounting rules for businesses (other than tax shelters) with average annual gross receipts... Read More