Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes paid for consumables purchased in support of such government contracts.
The federal government… Read More
The corporate and individual federal tax rates changed under the Tax Cuts and Jobs Act (TCJA), and now states are following suit. Many states have opted to adjust their individual income tax and corporate tax rates for 2018, and some… Read More
The decision of South Dakota v. Wayfair is causing states to enforce economic nexus laws to collect sales tax from out-of-state sellers with a connection to the state. These laws affect online retailers and multi-state businesses who collect revenue up… Read More
One of the many Tax Cuts and Jobs Act (TCJA) changes adopted when filing 2018 taxes is the new estate tax exemption. The estate tax is a tax on an individual’s right to transfer property at death and includes everything… Read More
South Dakota v. Wayfair (“Wayfair”) has made sales tax collection on remote sellers a widely discussed topic. Although the case has been decided, many are still waiting to see what actions each individual state will take on the collection of… Read More