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IRS Announces Changes in Benefit Plan Limitations for 2020
Posted by Bernard Kaplan on Fri, Nov 8, 2019 @ 04:22 PM

The IRS has announced the 2020 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

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Topics: retirement plans, Bernard Kaplan, 403(b), 401(k), cost-of-living, 457 plan, 2020 Benefit Plan Limitations

The Latest Development in Sales Tax Policy: Marketplace Facilitator Laws
Posted by Tarra Curran and Ann Brown on Thu, Nov 7, 2019 @ 05:54 PM

It is a well-known fact that states and local governments have been grappling with falling sales tax revenues in recent years. The decline in sales tax revenue is a result of a shift in consumer habits trending towards more frequent online shopping and purchases of personal services. These shifts in purchasing habits directly affect sales tax collections because historically online vendors lacking physical presence were not subject to state sales tax requirements. Furthermore, services are typically not subject to sales tax.

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Topics: Tarra Curran, State tax, Sales Tax, sales and use tax, state and local tax (SALT), new england state and local tax, SALT cap tax, Ann Brown

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