Tax News
Don’ts and Do’s in Sales Tax and Business Registrations
Stay informed about sales tax regulations, regularly assess activities for registration obligations, and seek guidance from tax advisors to avoid these pitfalls and get business registrations right. By Connie Zoerink If a taxpayer is transacting business in the U.S.,...
Guide to Colorado’s Sales and Use Tax System (SUTS)
Colorado's efforts to simplify sales and use tax compliance has come a long way in six years. Today, every business selling into Colorado is impacted by the statewide Sales and Use Tax System (SUTS). Learn how best to proceed with SUTS and avoid the landmines of...
IRS New Rules for Amortizable Research Expenses and Automatic Accounting Changes
A new IRS Notice and Rev. Proc. allows taxpayers to correct errors made in 2022 in the 2023 tax year, avoiding messy amending issues. By Jamie Overberg The U.S. Treasury Department and IRS have jointly updated method change procedures (Rev. Proc. 2023-24) to enable...
The Power of Data: Vertex’s Approach to Keeping Pace with Tax Changes with Mike Bernard
Brad Scott, as the director of finance for a small business in Arizona, is a business leader advocating for sales tax simplicity. He discusses the challenges of sales tax compliance for small businesses post-Wayfair and proposes solutions for greater simplicity in tax policy.
Navigating Return to Provision Adjustment in ASC 740
Lindsay Haskell and Dan DeLau take a closer look at unraveling errors and changes in estimates for accurate financial reporting. Discover how companies navigate the intricacies of income tax provision processes, governed by ASC 740, to ensure precise representation of...
Colorado annual notice of earned income tax
Colorado enacted HB 12-1006 requiring that for tax year 2023, employers provide a written annual notice to their employees about available federal and state tax credits, including the Colorado and federal earned income tax credit, the Colorado and federal child...
Top Ten State and Local Tax Issues to Watch in 2024
Once again, our team has debated and discussed top issues in state and local tax to identify the most pressing for taxpayers. Ten have risen to the top. Here’s the SALTovation Team’s Top Ten State and Local Tax Issues to watch in 2024. Once again, our team debated...
Judy Vorndran Moderates International Businesses and the State Tax Twist CPE
Join Judy Vorndran, TaxOps, as she moderates a panel of state and local tax experts on in-state obligations for international businesses at ABA/IPT Advanced State Income Tax Seminar. International Businesses and the State Tax Twist ABA/IPT Advanced State Income Tax...
Stacey Roberts Presents on Local Tax and Industry Updates CPE
Join Stacey Roberts as she teaches sessions on local tax and industry updates at this year's Advanced Workshop for the Sales Tax Institute. Two Sessions Local Taxes and Registrations - Home Rule, State Administered and Business Licenses February 28, 2024 Industry...