The Keystone State has officially updated its tax law with provisions on economic nexus that you'll need to know if you do business in Pennsylvania. Effective for tax years beginning after Dec. 31, 2022, any business with $500,000 or more…
Tax Planning
There's good news if you work with marketplace facilitators for sales transactions in The Volunteer State. Both seller fees and service provider fees that facilitators may charge when connecting you to customers aren't subject to sales tax. Letter Ruling No.…
Be careful with the features included in online training for workers in Texas. Purchasing certain features may make the software subject to sales and use tax. That's according to a recent private letter ruling issued by the Texas Comptroller of…
IRS is once again reminding companies to be on the lookout for tax identity theft schemes as part of its annual Security Summit. Correcting business identity theft can be a long, expensive process. So it’s key to take a preventive…
The Maryland Comptroller of the Treasury has provided businesses with additional clarity on some of the tax changes made by HB 791, which recently updated the definition of a "taxable digital product." In the latest revision of the state's Business…
IRS needs to make some significant improvements if it wants to boost businesses’ rates of e-filing. That’s according to the latest annual report from the Electronic Tax Administration Advisory Committee (ETAAC). Each year, ETACC makes recommendations to the Service for…
It might not just be IRS that comes knocking if you slack off on your payroll tax withholding. A recent court case indicates the U.S. Equal Employment Opportunity Commission (EEOC) can also come after employers for failing to pay their…
Your Payroll pros could be seeing some big legislative changes down the road to reduce the Social Security shortfall – especially since certain measures have significant bipartisan support. In fact, both Republicans and Democrats are mostly in favor of altering…
If your firm provides employees with training directly through an online platform affiliated with a college or university, the fee for accessing the platform isn't subject to sales tax in the Lone Star State. That's according to a recent private…
As the tax relief programs implemented by the American Rescue Plan Act continue to expire, it'll have an impact on your Form 941 reporting to IRS starting with the second quarter of 2022. IRS has released revised editions of: Form…
There's new guidance on marketplace facilitators and what transactions they're required to collect taxes for in Indiana under SB 382. The Dept. of Revenue recently released an updated Information Bulletin #89 on sales tax, effective July 1, 2022. This replaces…
To ensure your firm can continue electronically filing information returns, such as Form 1099-MISC, via the IRS Filing Information Returns Electronically (FIRE) system, there's some actions your Finance team needs to take in the months ahead. Beginning this September, all…
