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
Category Archives: News and Insights
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.
For the past year, PMBA has been following an important bill in Maryland regarding the taxation of digital advertising services. On March 18, 2020, the General Assembly passed HB 732 and is now waiting for signature by Governor Hogan. Although states have passed laws to apply sales tax to certain digital products in the past,
CARES ACT Provides Technical Correction: Qualified Improvement Property Retroactively 100% Bonus Eligible
On March 27, 2020, the United States Congress passed, and the President signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The Act provides significant tax reduction and liquidity improvement opportunities for commercial real estate owners and taxpayers in the hospitality, restaurant, and retail trades who have made improvements to their buildings since