Tax & Accounting Blog

Welcome back Excel – we missed you!

Welcome back Excel – we missed you!

A Closer Look at What Controls Your Excel Add-in Provides and What it Doesn’t The day has finally come when tax technology professionals have great reasons to recommend the use of spreadsheets for tax processes.  The growing array of new Excel Add-in tools, responding to many of the historical risks related to spreadsheets, are giving … Read More

Third Circuit Provides Guidance on New Jersey Gift Card and Travelers Checks Unclaimed Property Revisions

Third Circuit Provides Guidance on New Jersey Gift Card and Travelers Checks Unclaimed Property Revisions

Litigation was brought against New Jersey to challenge various aspects of the New Jersey legislation – 2010 N.J. Laws, Chapter 25 – that attempts to retroactively require reporting of gift cards/stored value cards (“SVCs”) to impose a “place of purchase presumption” for reporting of SVCs, and to significantly reduce the dormancy period for escheatment of … Read More

United States Supreme Court Declines KFC Corp. v. Iowa

United States Supreme Court Declines KFC Corp. v. Iowa

The U.S. Supreme Court has denied the request for certiorari in KFC Corp. v. Iowa. The issue in the case is the asserting of jurisdiction to asses income taxes based on the concept of economic nexus. In KFC, the franchisor licensed its marks and other intangibles to independent franchisees for use in their business, in … Read More