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Tax Provision

Corporate Tax and the Remote Workforce

NEWS

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

NEWS

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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Property Tax: Dark Store Controversy and COVID-19

NEWS

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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New Updates to ONESOURCE Income Tax’s International Module to Help Navigate the 2019 Income Tax Compliance Season

NEWS

June 15, 2020

New Updates to ONESOURCE Income Tax’s International Module to Help Navigate the 2019 Income Tax Compliance Season

Multinational businesses that utilize ONESOURCE Income Tax’s International module are starting to prepare the system for 2019 tax compliance. With the release of ONESOURCE 2019.045 and 2019.062, GTM has new guidance on enhancements to improve your 2019 compliance process by increasing efficiencies and reducing preparation time.

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New Updates to Corptax International to Help Navigate the 2019 Income Tax Compliance Season

NEWS

June 09, 2020

New Updates to Corptax International to Help Navigate the 2019 Income Tax Compliance Season

Multinational businesses that utilize Corptax’s International module are starting to prepare the system for 2019 tax compliance. With the release of Corptax ® 2020.3, GTM has new guidance on enhancements to improve your 2019 compliance process by increasing efficiencies and reducing preparation time.

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Don’t be “Floored” By Purchase Accounting Struggles

NEWS

June 05, 2020

Don’t be “Floored” By Purchase Accounting Struggles

Every merger and acquisition (M&A) deal is unique, opening the door to new challenges and uncharted territory for those tasked with determining the tax treatment of the transaction. GTM’s James P. Swanick, CPA, and Michael J. Tighe, CPA, offer their analysis on how to handle assumed liabilities in an asset acquisition in the Pennsylvania CPA […]

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Wayfair’s Impact on State Corporate Income Tax

NEWS

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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3 Tips for Fully Leveraging Your Tax Technology Stack

NEWS

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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Standardizing the Process Between Tax Compliance & Provision: Why, and How, To Do It

NEWS

April 30, 2020

Standardizing the Process Between Tax Compliance & Provision: Why, and How, To Do It

The COVID-19 pandemic is impacting the global economy to an unprecedented extent, including wreaking havoc on multinational companies’ supply chains. The ensuing chaos is forcing companies to quickly review and adapt their international tax transfer pricing policies to maintain arm’s length pricing for goods, services, and capital.

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