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 […]
Special Issue – 2018 Tax Planning Roundup
Year-end planning under the new tax law
Sizing up the standard deduction
Year-end tax planning for charitable donations
Year-end tax planning for investors
Year-end retirement tax planning
Year-end business tax planning
CPA Client Tax Letter Q4 2018 from TRS CPA Group CPA
Click to Read!
See Also: Citation and Resource Guide accompanying this publication
This CPA Client Tax Letter is provided by TRS CPA Group, P.A. to its clients through an arrangement with the AICPA, which holds the copyright […]
Habitat for Humanity of Worcester County has $44,000 in Community Investment Tax Credits awarded by the Department of Housing and Community Development. The allocations of state tax credits are used as incentives to attract contributions and leverage up to $100,000 in donations from individuals and businesses which will go directly towards costs associated with our upcoming Jefferson Street Project in Berlin, Md. (The Project will be a compact, mixed-use development offering (2) 2-story, 3 Bedroom affordable housing apartments, and (2) retail/gallery units on the ground floor.)
Businesses and individuals that donate can qualify to earn […]
This special edition Q3 2018 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
Solving the annuity puzzle
The new tax law will change divorce tactics
No tax deductions for business entertaining
Two five-year tests for Roth IRAs
Insuring key people at small companies
CPA Client Tax Letter Q3 2018 from TRS CPA Group CPA
Click to Read!
See Also: Citation and Resource Guide accompanying […]