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Tax & Technology Blog

September 08, 2020

The XYZ of Sales Tax Vendor Inquiries Post-Wayfair: What to Expect and How to Respond

As vendors are coming into compliance with economic nexus laws enacted in the wake of South Dakota v. Wayfair, many are sending requests to customers to pay sales tax or provide proof that their purchases are exempt. Receiving these vendor letters can throw a wrench in your daily tax operations. Here’s what you need know about these requests, and how you should respond.

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Tax & Technology Blog

August 21, 2020

International Tax Planning: BEAT

In order to help organizations navigate key international tax planning considerations during this unpredictable time, GTM is offering a series of updates that can serve as a useful planning checklist as you move further into the 2019 compliance season, while also considering your responses to the economic shocks of 2020. This blog discusses some common Base Erosion and Anti-Abuse Tax (“BEAT”) planning options, as well as some considerations that came out of the proposed BEAT regulations issued in December 2019

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Tax & Technology Blog

August 05, 2020

What SharePoint and Microsoft 365 Can Do for Tax in Our “New Normal”

Microsoft recently re-branded Office 365 as Microsoft 365 to highlight the integrated platform that serves as its collaboration framework. SharePoint is a central part of this platform, which in total offers tax departments tools for collaboration, centralized tax document storage, increased process improvement and automation features, and powerful data visualization capabilities. This article examines these updates, including how Microsoft and SharePoint integrate with other cloud-based technologies like Power Automate and Power BI.

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Tax & Technology Blog

July 29, 2020

GILTI High-Tax Exception Final Regulations

While the final regulations maintain the basic framework of the proposed high-tax exclusion, there are some significant changes. In this blog post, GILTI High-Tax Exception Final Regulations, This article examines these changes, which include the determination of the foreign effective rate of tax on a newly defined tested unit, rather than QBU-by-QBU, basis; the ability to elect the high-tax exclusion retroactively to the 2018 taxable year; and the ability to make the election on a yearly basis. This article will also help you assess the impact of the final regulations on your company’s overall international tax profile.

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Tax & Technology Blog

July 23, 2020

Corporate Tax and the Remote Workforce

The transition to remote workforces has caused tax issues through the unintended creation of nexus for corporate income and franchise tax purposes. This article shares states’ responses to remote workforces in the form of temporary reprieves for nexus to date; predictions on the state of the remote workforce moving forward; and updates to physical presence nexus.

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Tax & Technology Blog

June 30, 2020

Personal Protective Equipment (PPE) and Return-to-Work: What’s Taxable?

In our latest blog post, Personal Protective Equipment (PPE) and Return-to-Work: What’s Taxable? Managing Director Mark Cox provides access to The COVID-19 Tax Decision Matrix, which has been developed by tax research firm TTR. It can be downloaded as an Excel file at no cost, and includes detailed categories and item descriptions by State, along with taxability answers and citations to validate each position/decision. This information will help you navigate these new purchases, without overburdening your tax department.

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Tax & Technology Blog

June 18, 2020

Property Tax: Dark Store Controversy and COVID-19

The Dark Store Theory is putting Big Box retailers back in the spotlight for challenging the values of real estate for property tax purposes as a result of COVID-19 and other market drivers. This article shares the foundational valuation premises that are at issue, perspectives from professionals in the appraisal and assessment communities, and practical insights and steps you may consider before legislation, litigation, or common sense proposals are enacted

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