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Understanding the Post-Wayfair Tax Landscape
Posted by Tarra Curran on Fri, May 24, 2019 @ 11:43 AM

On June 21, 2018, the U.S. Supreme Court ruled in favor of South Dakota in the widely-watched South Dakota v. Wayfair case. This ruling overturned the long-held precedent of Quill Corp. v. North Dakota, which stood for the proposition that a state could not impose a collection requirement on a retailer unless that retailer had a physical presence in the state.

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Topics: Tarra Curran, economic nexus, Sales Tax, The Massachusetts Department of Revenue, sales and use tax, tax nexus, new england state and local tax, Wayfair, South Dakota vs Wayfair, Rhode Island Department of Revenue

How Wayfair Changed Sales Tax Collection in New England
Posted by Tarra Curran on Thu, Dec 6, 2018 @ 02:55 PM

In June, the Supreme Court ruled that a taxpayer’s economic activity could be used as the standard for whether a taxpayer owes state and local taxes. The decision in Wayfair v. South Dakota opened the door for states to collect sales taxes on remote retailers with substantial in-state activity. Prior to the decision, states followed the physical presence standard to determine whether a taxpayer would be subject to state and local taxes.

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Topics: Tarra Curran, economic nexus, Sales Tax, The Massachusetts Department of Revenue, sales and use tax, tax nexus, new england state and local tax, Wayfair, South Dakota vs Wayfair, Rhode Island Department of Revenue

Massachusetts Enforces Sales and Use Tax on Remote Vendors Following ‘Wayfair’ Decision
Posted by Tarra Curran on Tue, Sep 18, 2018 @ 05:14 PM

In the aftermath of the Wayfair Supreme Court decision, Massachusetts recently released additional information about its sales tax policy for remote vendors. The Technical Information Release 18-8, Tax Jurisdiction Over Internet Vendors Prior to and Subsequent to Wayfair, Inc. v. South Dakota (TIR 18-8) clarifies the state Department of Revenue’s position on the types of activities that would require an out-of-state business to collect and remit sales tax in Massachusetts.

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Topics: Massachusetts, economic nexus, Sales Tax, sales and use tax, nexus, Wayfair, South Dakota vs Wayfair, remove vendors

Financial Statement Changes Coming in the Wake of ’Wayfair’
Posted by Patrick Quinn on Thu, Aug 30, 2018 @ 02:27 PM

The Supreme Court recently ruled that a physical presence in a state is not required for a state's sales and use tax requirements. In response to South Dakota v. Wayfair, Inc., states are rapidly updating their policies to collect state sales taxes from companies that conduct business remotely.

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Topics: economic nexus, Patrick Quinn, Sales Tax, Accounting Issues, Wayfair, South Dakota vs Wayfair, Financial Statement

Wayfair Decision and the Impact on the Sales Tax Collection Process for Portfolio Companies
Posted by Tarra Curran on Fri, Aug 24, 2018 @ 02:34 PM

The Supreme Court recently ruled that a physical presence in a state is not required for a state's sales and use tax requirements. In response to South Dakota vs. Wayfair (Wayfair), states are rapidly updating their policies to collect state sales taxes from companies that conduct business remotely.

Private equity and venture capital firms and their portfolio companies should be aware of the potential impact the Wayfair decision could have on their existing sales and use tax collection, remitting and reporting processes.  

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Topics: Tarra Curran, economic nexus, Sales Tax, sales and use tax, tax nexus, Wayfair, Private equity, South Dakota vs Wayfair, ASC Topic 450, Private Equity & Venture Capital

Rhode Island Adopts Corporate Tax Changes
Posted by Tarra Curran on Thu, Mar 24, 2016 @ 07:30 AM

Updated guidance on corporate nexus, combined reporting, and market-based sourcing

Rhode Island recently enacted changes to corporate tax requirements that include updated guidance for corporate nexus, combined reporting, single sales factor apportionment and market-based sourcing.

Business Corporation Tax Corporate Nexus Regulation CT 15-02 (CT 15-02) provides enhanced guidance about which activities make a foreign corporate entity subject to Rhode Island income tax. Business Corporation Tax Apportionment of Net Income Regulation CT 15-04 (CT 15-04) makes changes to corporate tax reporting along the lines of the rules adopted for years 2009 and later by Massachusetts and those recently enacted by Connecticut. They are also similar to the market-based sourcing changes enacted by Massachusetts in 2015 and New York in 2016. Rhode Island’s adjustments, however, are more stringent than the changes adopted by Massachusetts and generally allow for fewer exemptions.

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Topics: Tarra Curran, Market-Based Sourcing, economic nexus, corproate nexus, nexus, combined reporting

What is “Economic Presence” and How Does it Affect Your Company’s Taxes?
Posted by Tarra Curran on Mon, Jun 22, 2015 @ 02:00 PM

A CBIZ Tofias Talks podcast about income tax and economic nexus

Can a state tax your company even if you don’t have a physical location or payroll obligations there?

Spoiler alert: in some states, yes (with more states to come).

That’s the question that Kathleen Hayes along with Michael McKee on Bloomberg Radio discussed with Tarra Curran, Managing Director in the Tax Group at CBIZ Tofias and Leader of the New England State and Local Tax Practice.

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Topics: Tarra Curran, economic nexus, Economic presence, State corporate taxation, CBIZ Talks

States are Looking for Tax Dollars in the Cloud
Posted by Kristen Shepley on Mon, May 21, 2012 @ 09:39 AM

Businesses Selling SaaS Services and Products are Facing Uncertainty Over the Taxation of Their Income

Cloud computing technology is playing an expanding role in our technology-driven economy, but no state has issued direct guidance on the taxation of income earned from a cloud computing model. Businesses employing this rapidly growing model are facing uncertainty over the taxation of their income and at the same time, state fiscal concerns create incentives for states to analyze the cloud computing environment for additional tax revenue.

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Topics: State tax, economic nexus, factor presence nexus

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