Several States Enact or Expand Renewable Chemicals Credits
Over the past few years, many tax incentives and credits have been created to encourage the use of environmentally friendly resources. In fact, three states…
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Maryland Comptroller Improperly Denied NOL Deduction Based on Regulation Amendment
The Maryland Tax Court held the Comptroller overreached his authority in limiting a corporate taxpayer’s net operating loss. The Comptroller impermissibly created a modification to…
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Taxpayers Seek High Court Review in Maryland “Enterprise Dependency” Nexus Case
Taxpayers have asked the U.S. Supreme Court to review if Maryland can base corporate income tax nexus on “enterprise dependency.” Taxpayers’ Business The taxpayers (Staples,…
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Wyoming Corporate Income Tax Bill Fails
A bill introduced in the Wyoming 2019 legislative session that would have imposed a corporate income tax on specified business has failed. The bill would…
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New Mexico Adopts Mandatory Combined Reporting
Beginning in 2020, New Mexico combined reporting will be mandatory for corporations that are members of a unitary business group. New Mexico has an exception,…
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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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Looking at the Tax Cut and Jobs Act with a Corporate Lens
The Tax Cut Jobs Act through a Corporate Lens When it comes to corporate tax compliance, there’s no room for best guesses, which may or…
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Corporate Tax Department Paperless Trends
Even though corporate tax departments have just finished another tax filing deadline. Some teams find they are now in the middle of a tax compliance audit. So, instead of focusing…
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Top Seven Fixed Assets Questions for a Retailer, Restaurateur or Manufacturer to Ask
If you are overwhelmed by the amount of time it takes for Fixed Assets Management, you are not alone! As a matter of fact, certain industries have adopted a 52/53 week…
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Automation Tools That Liberate Corporate Tax Managers.
Deadlines, Stresses, & The Manual Processes That Exacerbate Them. Ask anyone that works in the typical corporate tax department, and they will be the first…
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