PMBA is pleased to announce and welcome Marissa Massimore to the team as a new Tax Associate! Marissa has experience in providing tax compliance and planning services for various Fortune 500 companies. Prior to joining PMBA, Marissa worked at a Big 4 accounting firm as an International Tax Consultant, regularly working with Connecticut and New
Category Archives: News and Insights
For many years, exemption certificate management has been a low priority for corporate accounting and tax departments. As a result, professionals have resorted to manual processes with certificates saved in paper files or shared drives. With various implications surrounding the 2018 Supreme Court ruling South Dakota v. Wayfair, companies are reconsidering their manual processes and
Are you scratching your head over the new marketplace facilitator laws? If so, we don’t blame you! Due to the post Wayfair rulings, it can be challenging for marketplace sellers to understand the changes and stay compliant with each taxing jurisdiction. What is a Marketplace Facilitator and Seller? A marketplace facilitator is an online platform
With the U.S. Federal tax deadline extensions, there’s no excuse for qualified businesses not to claim their R&D Tax Credit. The mass disruptions and unpredictability of COVID-19 have thrown us all for a loop. Consequently, businesses of all sizes desperately seek tax relief and revenue saving opportunities. Unfortunately, the final tax deadlines are upon us,
PMBA is pleased to announce Jeff Shockley as the new Director of Business Development. Jeff will be responsible for developing new business opportunities and creating customized solutions for our prospects and clients. His specific concentration will be state & local sales and use tax refunds, state & local audit defense services, and business cost containment
PMBA is pleased to announce and welcome Jaclyn Harris as Director of Indirect Tax Compliance! Jaclyn will be responsible for the sales tax compliance practice while maintaining key client relationships.
On May 4th, 2020, Delaware Senator Chris Coons presented a piece of legislation, S. 3593, the “Furthering Our Recovery With American Research & Development Act” – more commonly referred to as the FORWARD Act. The bill proposes numerous amendments to Internal Revenue Code § 41 (or IRC 41). Within the FORWARD Act, there are two
Personal property tax compliance is simple enough in principle: businesses report and pay taxes on the tangible assets they own or lease. But in execution, compliance can get tricky, especially for new and growing businesses. What is Business Personal Property Tax? For tax purposes, most jurisdictions consider personal property to be all tangible assets of
Beginning January 1, 2020, Oregon introduced its new modified gross receipts tax called the “Corporate Activity Tax.” The tax is imposed in addition to current state corporate income tax on each person doing business in the state of Oregon. Commercial activity sourced to Oregon over $1 million is taxed at 0.57% plus $250 annual fee.
Although managing sales tax exemption certificates may seem like a simple process, anything associated with sales tax proves otherwise. Often times, companies do not spend the proper amount of time documenting and storing certificates. The importance of these tasks is only realized when a company is audited and missing or invalid certificates come to light.