Avalara launched the new sales tax registration and business licensing service at a time when businesses, especially online sellers, need it most. The South Dakota v. Wayfair, Inc. ruling in June 2018 upended decades of established sales tax law.
As the “gig economy” continues to gain steam in the U.S., the IRS is lagging behind, according to a new report from the Treasury Inspector General of Tax Administration (TIGTA). The report focuses mainly on the classification of workers for payroll tax purposes (“Improvements to the SS-8 Program Are Needed to Help Workers and Improve […]
The AICPA noted in its letter that the proposed guidance provides rules addressing how the regulations will affect individuals, partnerships, S corporations, trusts and estates engaged in domestic trades or businesses.
Natural disasters can strike anywhere and the financial cost to individual households and businesses can be staggering. Insurance may help defray some of the costs associated with restoring and replacing damaged and destroyed property. In some cases, ...
The agency warns that scammers continue to pose as the IRS, making threatening phone calls and using email phishing schemes to lure taxpayers. The scams may be particularly prevalent ahead of the Oct. 15 tax-filing extension deadline. Another tax scam...
Taxfyle, an industry-leading on-demand licensed accounting platform, has raised $4.1 million in an oversubscribed Series A funding round. The round was led by Miami-based venture capital firm Rokk3r Fuel ExO, and included investment by Ocean Azul ...
Prior to the enactment of tax reform, organizations with multiple sources of unrelated business income calculated their UBTI by aggregating the gross income from all unrelated trades or businesses less deductions. Section 512(a)(6) now requires UBTI ...
Online marketplace eBay has announced it will collect and remit sales and use tax on behalf of sellers in three states next year: Washington starting January 1, 2019, and Oklahoma and Pennsylvania as of July 1, 2019. That list is likely to grow as ...