Planning for efficient document workflow
The right document management technology coupled with the right document workflows will enhance your firm’s productivity. Before you can find the perfect system, you need…
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Louisiana Amends EITC and Credit for Taxes Paid to Other States
Louisiana enacted legislation addressing taxes paid to another state, as well as individual tax credits, including the EITC. The legislation: adds new and extends existing…
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Hawaii Updates IRC Conformity for 2018
Hawaii’s Internal Revenue Code (IRC) tie-in date moves to February 9, 2018, for tax years beginning after 2017. The prior IRC conformity date was December…
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Hawaii Enacts Sales Thresholds for Sales Tax
Hawaii enacted sales thresholds which, if met, will subject businesses general excise tax. The thresholds create an economic/sales presence test similar to that at issue in…
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Connecticut Issues Guidance on Bonus Depreciation Changes
Connecticut issued guidance on the new changes for the federal bonus depreciation deduction under IRC Sec. 168(k). The changes apply to individuals for tax years…
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Senate, House Lawmakers Introduce Bipartisan Historic Tax Credit Bill
A bipartisan group of House and Senate lawmakers have introduced companion Historic Tax Credit (HTC) bills. The measure aims to strengthen the HTC by encouraging…
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Brady Expects “Phase Two” Tax Reform Outline by August
A “phase two” tax reform outline could be unveiled by House GOP tax writers by August. Accordingly, Republicans have started to increase their tax meetings…
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House Appropriations Committee Approves IRS Budget Bill
House appropriators have approved a government spending bill that would increase IRS funding for fiscal year (FY) 2019. The measure proposes a FY 2019 IRS…
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Seattle Repeals Employee Head Tax
Seattle has repealed the employee head tax that was scheduled to take effect in 2019. Head Tax The tax would have been imposed at a…
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Connecticut Issues Guidance on Pass-Through Entity Tax
Connecticut issued guidance on 2018 estimated tax requirements for its new pass-through entity tax. The tax applies to: S corporations; partnerships; and limited liability companies…
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