New York State has imposed a sales tax on hotel occupancy charges. Effective April 2025, the definition of “hotel” for purposes of sales on occupancy charges includes short-term rental units…
read moreIn order to calculate payroll taxes accurately and effectively for your company and employees next year, it is important to understand the new and existing compliance requirements in effect for…
read moreYear-end payroll reporting for 2024 is right around the corner. To assist you in preparing the items your payroll provider will need to complete your payroll tax returns, we have…
read moreOn December 3, 2024, the United States District Court for the Eastern District of Texas issued a preliminary injunction against the Corporate Transparency Act (CTA) and its implementing regulations. The…
read moreAs of October 2024, the IRS is ending automatic penalties for late-filed Form 3520’s in relation to foreign gifts and bequests. This is not an all-encompassing relief for the form,…
read moreThe Massachusetts Department of Revenue (“MA DOR”) will waive most penalties for taxpayers who participate in the amnesty program. Amnesty Requests can be processed through the MA DOR Amnesty information…
read moreWith Q4 fast approaching, we want to remind you that the Corporate Transparency Act expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the…
read moreFor decades, retailers and wholesalers of tangible personal property (i.e., merchandise) have been protected from paying net income taxes to states. The protection is afforded under federal Public Law 86-272…
read moreNew Jersey Governor Phil Murphy has recently signed various tax bills as part of the annual budget process, including the imposition of a 2.5% corporate transit fee. 2.5% Corporate Transit…
read moreRecent changes to multistate tax rules introduce new state income tax filing requirements for online wholesalers and retailers and updated international business income tax filing rules for U.S. retailers whose…
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