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...
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Arizona to Implement Flat Tax a Year Ahead of Schedule
Starting 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
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What We Learned from the 2022 Bloomberg Industry Group Survey of State Tax Departments
More 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
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Arizona Tax Guidance for Cryptocurrency & NFT Airdrops
Cryptocurrency — 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
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Arizona Pass-Through Entity (PTE) Taxation Rate Update
The 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
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Trend Update: Sales Sourcing Changes for Services
Firstly, 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
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PTE Withholding Payments Are Considered Estimated Entity-Level Tax Payments in New Mexico
New 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
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Online Business Activity? New York State Is Preparing to Lose Protection on PL 86-272
New 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
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California SB 113 Eliminates Suspensions on NOL Deductions
SB 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
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California FTB Provides Guidance on Sourcing Service Revenues with Legal Ruling 2022-01
Legal 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