Various states’ economic nexus for income tax
How companies must address sales taxes changed forever after the Supreme Court ruling in South Dakota v. Wayfair, et al. In that 2018 decision, the Court interpreted the law to rule that even companies without a physical presence in a state (i.e., a brick-and-mortar building, warehouse, trade show, inventory, employees and/or representatives) could still be required to register and collect tax in that state if the company met certain economic thresholds, measured in quantity of transactions, dollar volume of transactions, or sometimes both.Read More
What Politicians Don’t Say About Your Taxes
Politicians say taxes are too high or too low and always too complicated. Not unexpectedly, I agree taxes are too high. In an odd way though, I’m not sure they’re as complicated as many want you to believe.Read More
What California Pre-revenue Companies Need to Start Now to Preserve State Net Operating Loss Carryforwards
If you are a pre-revenue CA domiciled company with employees in other states, you need to sell something before December 31, 2016.Read More
Attention Start-Ups: Extended R&D Credit Has Unexpected Use
There’s a newly refreshed federal R&D tax credit waiting for you to take advantage of and I wanted to get you up to speed on it. The research & development tax credit has now been made permanent. The changes take effect immediately.Read More
Deductibility of Corporate Interest on Convertible Debt
For companies with convertible debt (debt) there have been concerns about the tax deductibility interest expense on such debt.Read More
Tired of Waiting For Your Tax Answers?
One of the most common complaints I hear from prospective clients deals with wait time. In today’s fast-paced environment, they want answers to their tax questions right away.Read More
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