News & Resources

Veterans Can Deduct More for Military Retirement Funds

  Military retirees and surviving spouses may experience a larger tax deduction from their military retirement funds this individual income tax season due to a 2019 Indiana tax law. On February 1, the Indiana Department of Revenue (DOR) issued information

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State Conformity to CARES ACT

  While more than 20 states automatically conform (also known as “rolling conformity”) to federal law changes, the remaining states have either “selective” conformity or “static” conformity where legislation is required to conform to Federal law changes. While the CARES

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State Tax Filing Updates

  All states that administer individual income tax have made adjustments to their filing or payment deadlines with returns being due July 15 or later EXCEPT three states: Virginia: Corporate Tax due April 15, 2020 Individual Tax due May 1, 2020

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New Retailer Sales Tax Reporting Requirements

  Retailers who make sales into other states, but do NOT collect and remit sales tax due to lack of nexus, are now required to comply with reporting requirements in numerous states. Not only are states attempting to increase sales

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Limited-Time State Tax Amnesty Program For Online Sellers

The Multistate Tax Commission (MTC) recently announced its Online Marketplace Seller Voluntary Disclosure Initiative. This is a special limited-time sales/use tax and income/franchise tax amnesty program for online sellers which will run from August 17 to October 17, 2017. During

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Good News For Companies That Do Business In Ohio

Efforts to simplify Ohio’s burdensome municipal tax filings continue as Governor John Kasich recently signed legislation which will give businesses the option of electing to have the State administer their municipal income tax filings, rather than filing with each municipality.

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Illinois Increases Income Tax Rates

  In early July, the Illinois Senate and House overrode Governor Rauner’s veto and passed its first state budget since fiscal year 2015. This bill included a large increase in the individual and corporate income tax rates retroactive to July

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Annual Ohio Commercial Activity Tax Due May 10th

  An often overlooked filing obligation by out-of-state companies who are unaware of Ohio’s tax structure and how it may apply to their business, is the Ohio Commercial Activity Tax (CAT). This is a tax imposed on business entities for

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