Washington state is known for its overly complicated Business and Occupation (B&O) tax, but relief is now in sight with the latest proposal from the...
Arizona to Implement Flat Tax a Year Ahead of Schedule
InsightsStarting in 2023, the State of Arizona Will Implement a 2.5% Flat Tax As a part of the 2021 Arizona state budget, a 2.5% flat...
Oct 24, 2022
4 Min Read
What We Learned from the 2022 Bloomberg Industry Group Survey of State Tax Departments
InsightsMore often than not, U.S. states are not in the habit of providing clear guidance on a myriad of tax issues. From what activities trigger...
Sep 30, 2022
11 Min Read
Arizona Tax Guidance for Cryptocurrency & NFT Airdrops
InsightsCryptocurrency — or “virtual currency” as it’s called by the Arizona legislature — is rapidly becoming more accepted and accessible to the general public. Arizona...
Aug 2, 2022
5 Min Read
Arizona Pass-Through Entity (PTE) Taxation Rate Update
InsightsThe Tax Rate for Arizona Pass-Through Entities is Revised in House Bill 2871 Arizona House Bill 2871 was signed into law on June 28, 2022, revising...
Jul 28, 2022
5 Min Read
Trend Update: Sales Sourcing Changes for Services
InsightsFirstly, how do sales apportionment sourcing rules work? A little background… Sales apportionment sourcing rules are known to be complex and changing along with the...
Jun 30, 2022
13 Min Read
PTE Withholding Payments Are Considered Estimated Entity-Level Tax Payments in New Mexico
InsightsNew Mexico issues payment guidance for optional pass-through entity (PTE) tax election. On March 8, 2022, New Mexico Governor Michelle Lujan Grisham signed House Bill 102 into...
Jun 23, 2022
3 Min Read
Online Business Activity? New York State Is Preparing to Lose Protection on PL 86-272
InsightsNew York Adopts Multistate Tax Commission (MTC) Internet Activities Guidance In light of the Multistate Tax Commission’s guidance in August 2021 suggesting how states should tax internet...
May 10, 2022
4 Min Read
California SB 113 Eliminates Suspensions on NOL Deductions
InsightsSB 113 Lifts Limitations on Use of Tax Credits & Expands Elective Pass-through Entity Tax On February 9, 2022, Governor Newsom signed SB 113 into law. This...
May 5, 2022
4 Min Read
California FTB Provides Guidance on Sourcing Service Revenues with Legal Ruling 2022-01
InsightsLegal Ruling 2022-01 Clarifies Assigning Gross Receipts From Sales of Services Legal Ruling 2022-01 was issued on March 25, 2022. In this ruling, the California...
Apr 14, 2022
4 Min Read
New Brass Tacks on the Employee Retention Credit (ERC)
InsightsOn November 15, 2021, the Infrastructure Investment and Jobs Act was signed into law. As a result, the Employee Retention Credit (ERC), with the exception...
Jan 17, 2022
4 Min Read
It’s Time to Revisit Business Tax Nexus for Your Remote Employees
InsightsWork from anywhere employees prompt issues of state income tax nexus for businesses with remote team members working outside of the company’s home state. Many...
Nov 18, 2021
4 Min Read
MTC Adopts New “Internet Rule” Regarding PL 86-272
InsightsOn August 4, 2021, the Multistate Tax Commission (MTC) held a vote of their compact and sovereignty member states on the revised “Statement of Information...
Aug 16, 2021
7 Min Read
Arizona Enacts Entity-Level Income Tax for Partnerships & S Corporations
InsightsHouse Bill 2838 was signed into law on July 9, 2021 by Arizona Governor Doug Ducey. The law goes into effect for tax years beginning...
Jul 20, 2021
3 Min Read