Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Firm Management August 9, 2018
How to Speak to Your Accounting Firm Clients About Cannabis
How do you explain your cannabis clients to your non-cannabis clients? Good question, but we should start with two assumptions that need to be made. One, you are working with State licensed companies. Two, your client’s starting point of view on ...
August 8, 2018
IRS Issues Proposed Regs on New 20% Deduction for Passthrough Businesses
IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
August 8, 2018
9 Ways to Help Small Business Clients Navigate Sales Tax
The recent U.S. Supreme Court decision in June 2018, South Dakota v. Wayfair, Inc. turned sales tax on its head. Now, businesses selling online and/or remotely will no longer enjoy the same sales tax relief they did in the past.
August 6, 2018
Avalara Certifies 34 Technology Partner Integrations to Automate Tax Calculations and Management
These integrations enable customers of Avalara partner solutions to benefit from Avalara’s real-time calculation of applicable taxes, fees, and surcharges for billing line items. Avalara software reduces the tedium and complexity of determining taxes ...
August 6, 2018
Breaking Down Wayfair: The Client Conundrum
When it comes to complex sales tax compliance issues, your clients likely want no part of dealing with the details and making tough decisions. After all, that’s where you come in – the trusted advisor with the knowledge and expertise to provide ...
August 6, 2018
Manafort’s CPA Admits to Cooking the Books
Accountant Cindy Laporta testified that Gates had sent her backdated documents to reduce Manafort’s tax liability in support of the existence of such loans. In one instance, Laporta says that Manafort leaned on her to help when his bookkeeper wouldn’t.
August 3, 2018
Bill Would Allow IRS to License and Regulate Tax Preparers
The Protecting Taxpayers Act (S.3278) would "amend the Internal Revenue Code of 1986 to provide additional protections to taxpayers," according to the official description. The bill was referred to the Senate Finance Committee. The bill is still a ...
July 31, 2018
The Wayfair Impact, Part 3: How the U.S. Supreme Court Decision Affects Remote Sellers
There is No Nexus Standard Today: In overturning Quill, by removing the physical presence requirement for sales tax nexus and upholding the South Dakota nexus standard, the Court provides specific criteria under which a state’s sales tax laws ...
July 31, 2018
The Wayfair Impact, Part 2: How the U.S. Supreme Court Decision Affects Remote Sellers
In part one, I discussed the U.S. Supreme Court’s big decision and touched on physical presence. In part two, I’ll go a step further and break down the physical presence sales tax nexus standard, as well as South Dakota’s nexus standard, as it relates...
July 31, 2018
The Wayfair Impact, Part 1: How the U.S. Supreme Court Decision Affects Remote Sellers
The Supreme Court held that Quill Corp. v. North Dakota and National Bellas Hess Inc. v. Department of Revenue of Illinois – which held that a state cannot require an out-of-state seller with no physical presence in the state to collect and remit ...
July 31, 2018
The culture of a service-oriented firm is to look, listen and adapt to their clients’ needs.
Joni Johnson-Powe, principal of Taxnologi Solutions, LLC, was recently interviewed by Scott Peterson, Vice President of U.S. Tax Policy and Government Relations at Avalara. Taxnologi Solutions is a company made up of tax consultants who are skilled in ...
July 31, 2018
Sales Taxes: States with South Dakota–Style Economic Nexus Laws
By Scott Peterson, Avalara’s Vice President of U.S. Tax Policy and Government Relations In the case of South Dakota v. Wayfair, Inc. (decided on June 21, 2018), the Supreme Court of the United States overturned the rule that a state cannot tax a business unless it has a physical presence in the state. The...…