News & Resources

Selling a Home: Will You Owe Tax on the Profit?

  Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price

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Remote Workers and Taxability

  EMPLOYING A REMOTE WORKFORCE? DON’T FALL RISK TO STATE AND LOCAL TAX NONCOMPLIANCE As companies start operating in multiple states or employing remotely based individuals, State and Local Tax becomes something we need to pay more and more attention.

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Funds Still Available Through the Indiana Restart Grant

  In April 2021, Indiana announced an expansion of the Indiana Small Business Restart Grant to help accelerate economic recovery activity by supporting Hoosier entrepreneurs and small businesses. The program provides working capital to eligible companies by reimbursing certain expenses

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IT-40 Income Tax Notice Error

  According to the Indiana Department of Revenue, some 2020 IT-40 Income Tax notices were recently sent in error. They incorrectly calculated late penalties on the Q1 & Q2 2020 estimates, since paid July 15, 2021. Their system is supposed

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