Author Archives: PM Business Advisors

Striving for Greatness, PMBA, PM Business Advisors

University of Michigan – Flint Student Receives Striving for Greatness Accounting & Finance Scholarship

PM Business Advisors is happy to announce that they have awarded the 2018-2019 Striving for Greatness Accounting & Finance Scholarship to Milton Straham III from University of Michigan-Flint (UM-Flint). Milton is currently a graduate student in the MBA program at UM-Flint with a concentration in Accounting and Finance. Milton is President of his National Association of Black

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Connecticut, CT, NEIGHBORHOOD ASSISTANCE ACT

The Connecticut Neighborhood Assistance Act Tax Credit Program

What is the Connecticut Neighborhood Assistance Act The Connecticut Neighborhood Assistance Act (NAA) Tax Credit Program allows for the funding of municipal and tax-exempt organizations by providing a corporation business tax credit for businesses who make contributions.  By making donations to qualifying organizations in Connecticut, the business can receive their donation back, dollar for dollar and

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California, Economic Nexus

California Adopts Economic Nexus, But Threshold Uncertain

On Tuesday, the California Department of Tax and Fee Administration announced that beginning April 1, 2019, California will require out-of-state retailers to collect and remit use tax if they have $100,000 in sales or 200 transactions. The $100,000 threshold is far from the $500,000 threshold discussed back in August 2018 through draft legislation. In addition,

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Michigan, MI, Wayfair

Michigan Announces Economic Nexus – And Gets It Right

On August 2, Michigan released a Revenue Administrative Bulletin (RAB 2018-16) that addresses sales & use tax nexus standards for remote sellers. Most of the language is cookie cutter with other state releases such as creating a threshold of $100,000 in sales or 200 transactions. However, unlike many other states Michigan clearly addresses several key

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Wisconsin, Economic Nexus, Wayfair

Wisconsin First State Without Economic Nexus Law to Apply Remote Seller “Rule”

Within 24 hours of Alabama’s announcement regarding its enforcement date of 10/1/2018 regarding its economic nexus law, Wisconsin became the first state without an economic nexus law to announce that they will apply the SD v. Wayfair decision by rule. “New standards for administering sales tax laws on remote sellers will be developed by rule.

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