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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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Tax & Technology Blog

June 03, 2020

Wayfair’s Impact on State Corporate Income Tax

States are slowly responding to the Wayfair decision and seeking to apply the ruling to corporate income tax. As they move to expand their economic nexus provisions to corporate income tax, taxpayers should review their tax footprint and consider whether they now have a filing obligation in states where they historically did not.

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Tax & Technology Blog

May 20, 2020

3 Tips for Fully Leveraging Your Tax Technology Stack

There are endless tax technology solutions to choose from – from current market leaders to emerging powerhouses. So, how do you fully deploy solutions that will maximize tax insights and raise your department's abilities? Follow these three key steps.

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