Q2 2019 Tax News – From Sales Tax to Wayfair Decision
This special edition Q2 2019 Tax Letter is full of investing and planning strategies that can help you with ongoing financial management and tax planning. It contains information on:
Tax Planning under the Tax Cut and Jobs Act of 2017
Making stock sales less taxing
Bond ladders may hedge interest rate hikes
The SALT deduction limits will affect home sales
IRS says business meal deductions still apply
Supreme Court decision in Wayfair affects online sellers
Tax law change enhances the appeal of C corporations
This year TRS CPA Group, P.A. will be implementing an electronic signature process for tax returns and engagement letters. When your documents are available for signature, an automated email prompting you for an electronic signature will be coming from Carli Beauchamp (firstname.lastname@example.org). This process is very secure and is one of the steps our firm is taking to protect your sensitive data. Further, once your returns are completed we will be uploading them to our Sharefile portal, which will allow you to securely access your tax return(s) via your own personal log-in and […]
On June 21, 2018, the Supreme Court of the United States handed down a historic decision in the sales and use tax nexus case South Dakota v. Wayfair, Inc. The 5-4 ruling overturns physical presence standards upheld in previous cases where a business had to have a physical presence in the state for the state to impose sales and use tax collection obligations on the business.
Now is the time to review your sales and use tax compliance requirements.
The landscape of sales and use tax compliance has been significantly altered with the recent Wayfair
decision, especially […]