Virginia Unitary Business Report Applies to Some Exempt Organizations

Some exempt organizations will be subject to Virginia’s informational reporting requirement for unitary businesses, due July 1, 2021.

2021-06-15T10:53:47-04:00June 15, 2021|Categories: Not-for-Profit, Tax: State & Local|Tags: |

Maryland Delays Digital Ad Tax; Provides Digital Goods Clarification

The first-in-the-nation digital advertising tax is postponed for one year until 2022 while the state prepares regulations and guidance.

2021-06-04T18:20:53-04:00June 3, 2021|Categories: Tax: Business, Tax: State & Local|Tags: , , |

The Pandemic May Not Be Over, but the Office as We Knew It Is

Virtual workforce opportunities have allowed employees to become transient, potentially increasing or reducing your state tax obligations.

2021-06-02T16:46:18-04:00May 12, 2021|Categories: PBMares COVID-19 Insights, Tax: Business, Tax: State & Local|Tags: |

How Businesses Should Be Preparing for Changes in State Tax Laws in 2020 and Beyond

Exposure to state tax has been steadily increasing in recent months. From the Wayfair Supreme Court case in 2018 to mounting financial pressures from COVID-19, states are looking at all options to collect revenue they are entitled to.

$10,000 SALT Cap Continues to Receive Attention

One of the little-known provisions of the House of Representatives’ HEROES Act could have big impacts for high-income taxpayers and small businesses later on as tax policies continue to be reevaluated.

Final Regs. Address Payments to Charities in Return for SALT Credits

Amendments to section 162, 164, and 170 regs. formalize safe harbors for payments to charitable organizations in exchange for SALT credits.

2020-08-19T18:02:38-04:00August 18, 2020|Categories: Not-for-Profit, Tax: State & Local|Tags: , , |

Multi-state Businesses Have Choices with Pass-through Entities and State Income Taxes

What happens when an entity derives income from doing business in multiple states? 

2020-05-14T17:17:40-04:00May 7, 2020|Categories: Tax: Business, Tax: State & Local|Tags: , |

State Tax Authorities Issue Special Coronavirus Provisions

Several state tax authorities have announced various relief provisions for businesses and individuals impacted by the Coronavirus.  In many cases, the provisions are an emphasis of relief provisions already available such as extensions to file

Avoid Costly State Use and Sales Tax Mistakes

Many businesses find themselves purchasing a significant amount of supplies and equipment online. However, chances are your business does not have a policy in place to identify online purchases where sales tax has not been paid at the time of purchase and remits use tax on these items.

2019-03-19T15:21:01-04:00February 15, 2019|Categories: Accounting, Tax: Business, Tax: State & Local|Tags: |
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