Tax Warrior Chronicles

Tax Implications of a Business Move to Another State

Posted on Tue, Dec 29, 2020

By: Clare Porreca, CPA, MT

 

Moving a business to a new state is a complex decision. Among the many factors to consider is the state and local tax (SALT) implications on the business, employees, and owners. In today’s blog, we outline some of the major considerations.

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State Nexus and Tax Issues Resulting from a Remote Workforce

Posted on Thu, Aug 06, 2020

Working from home, once a perk at many companies, has become the norm for employees across the country. COVID-19 has forced businesses to quickly allow their employees to work remotely. The state tax implications of having a remote workforce should not be overlooked, especially as many businesses transition from temporary teleworking policies to permanent ones. Today’s blog will focus on a state tax issue many taxpayers will need to focus on as we enter the second half of 2020: nexus.

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SCOTUS Rules in Favor of Kaestner Trust in NC State Tax Nexus Case

Posted on Wed, Jun 26, 2019

By: Rachel Kieser, CPA, MT

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Wayfair - One Year Later

Posted on Thu, Jun 06, 2019

By: Clare Porreca, CPA, MT

 

Since the U.S. Supreme Court’s 2018 decision in the South Dakota v. Wayfair, Inc. case, states have continued to update their statutes to assess and collect sales tax from out-of-state sellers, specifically, online retailers.  In a nutshell, the Supreme Court agreed that out-of-state sellers who met certain thresholds had nexus in South Dakota and thus, South Dakota could collect sales tax from them.  So, what’s happened since the June 21, 2018, decision?

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The Wayfair Decision—Is Your Business Exposed?

Posted on Wed, Jun 27, 2018

By: Chris Barbuto, CPA, MT

 

The U.S. Supreme Court’s (the Court) decision last week in the case of South Dakota v. Wayfair, Inc. brings with it a monumental shift in the way states can assert authority to collect sales tax from sellers located outside of their state.  The Court’s finding in favor of South Dakota may be viewed as unfavorable to many, however it provides some clarity and certainty to sales tax rules that vary greatly state-to-state.

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NJ Makes Revenue-Enhancing Changes to Tax Laws

Posted on Mon, Aug 04, 2014

Throughout his tenure as New Jersey’s governor, Chris Christie has held to his promise to not raise taxes (or sign legislation that would do so) in the Garden State. Recently, however, he signed legislation that expands the definition of operational income for corporate business tax purposes, reduces net operating losses for corporate business tax purposes by the amount of certain types of discharged indebtedness that are excluded from taxable income, prevents a partnership from applying for a refund of any amounts credited to nonresident partners and establishes circumstances when click-through nexus is established for sales and use tax purposes.  Though this is not technically raising

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Working From Home in New Jersey? You Just Created Tax Nexus!

Posted on Mon, May 07, 2012

Nexus generally means a connection.  In tax law, it's used to indicate the degree to which a business has presence in a state or locality, which may subject it to tax there.  Telecommutting has blurred the lines of what "presence" in a state or locality means for many businesses.  A recent Tax Court decision in New Jersey clarifies that State's position on the subject.

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