Safaris are Great in Africa, but not for your Workpaper Management Process!
Tax Managers are faced with constant change. That’s why it’s important to remember tips to save time with your Workpaper Management process to achieve all that…
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Illinois Restores Cost-Of-Living Increase for Standard Exemption
Illinois restored the cost-of-living increase for its standard personal income tax exemption. The cost-of-living increase was set to automatically expire after the 2017 tax year.…
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Idaho Requires Some Out-of-State Retailers to Collect and Remit Tax
A new “click-through” nexus law, effective July 1, 2018, requires certain out-of-state retailers to collect Idaho sales tax on their sales to in-state customers. (TAXDAY,…
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Arkansas Discusses Impact of Wayfair Decision
Despite the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., the Arkansas Office of Revenue Legal Counsel cannot currently state the sales tax impact…
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Excise Tax Applied to Tobacco Products Manufactured on Indian Allotments
The excise tax on manufactured tobacco products applied to products made by a company that operated on Indian allotments. In a case of first impression,…
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New FASB Guidance Improves Accounting for Long-Duration Insurance Contracts
FASB Issues ASU on Accounting for Long-Duration Insurance Contracts The FASB has issued an Accounting Standards Update (ASU) that improves financial reporting for insurance companies…
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#CCHUC 2018- Speaker Spotlight Series – Tom Hood, CPA
An Expert Sharing Expertise The CCH Connections: User Conference 2018 will be here before you know it. In the meantime, conference planning is in full…
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Vermont Follows GILTI But Not IRC §199A Deduction
Vermont follows the federal treatment of global intangible low-taxed income (GILTI) but not the IRC §199A deduction. GILTI Vermont taxable income and net income automatically…
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New Jersey Adopts Economic Nexus for Remote Sellers
Effective October 1, 2018, certain remote sellers will be required to register, collect, and remit New Jersey sales tax. Sales/Economic Thresholds The Division of Taxation…
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Louisiana Remote Sellers Must Collect in 2019
Louisiana will collect sales and use tax from remote sellers beginning January 1, 2019. The Departemnt of Revenue discusses the impact of South Dakota v. Wayfair,…
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