Tax & Accounting News

States have enacted a number of special incentives aimed at helping the industries hardest hit by the pandemic, such as restaurants and entertainment venues.

In response to the $10,000 federal cap placed on deducting state and local taxes (SALT), some states are enacting optional pass-through entity taxes as a workaround to the cap.

California taxpayers may get more money from the state because of the unemployment exclusion in the American Rescue Plan Act of 2021.

Washington enacted a capital gains tax that begins in 2022 and applies only to individuals. The tax faces significant legal hurdles.

Construction companies face more complex sales and use tax planning and compliance rules than other businesses mainly because the construction process itself is inherently complex.

Construction companies face complex and unique challenges in planning for and complying with the sales and use tax obligations they face in the states in which they do business.

The Missouri legislature passed legislation late Friday, May 14 that would impose the requirement to collect and remit sales tax on out-of-state businesses who sell their products into the state.

Protect Your Business from Sales and Use Tax Risk