Tax & Accounting News

Thomson Reuters Provides Resources on Landmark South Dakota v. Wayfair Supreme Court Decision

Thomson Reuters Provides Resources on Landmark South Dakota v. Wayfair Supreme Court Decision

Thomson Reuters has launched a comprehensive South Dakota v. Wayfair Resource Center offering insights on the landmark Supreme Court sales tax case. The Resource Center provides an in-depth analysis of the Supreme Court decision; a client letter; an infographic; three complimentary Checkpoint special reports: 1) Nexus Considerations in a Post-Wayfair World, 2) Navigating the “Kill … Read More

Thomson Reuters Presents Comprehensive Analysis of Qualified Business Income Tax Deduction

Thomson Reuters Presents Comprehensive Analysis of Qualified Business Income Tax Deduction

Thomson Reuters Checkpoint Catalyst has released its analysis of the new IRC Section 199A qualified business income deduction, one of the most talked about provisions enacted by the Tax Cuts and Jobs Act (TCJA) of 2017. IRC § 199A allows non-corporate owners of sole proprietorships, S corporations, and partnerships a deduction of up to 20% … Read More

Supreme Court Abandons Physical Presence Standard: An In-Depth Look at South Dakota v. Wayfair

Supreme Court Abandons Physical Presence Standard: An In-Depth Look at South Dakota v. Wayfair

By Sarah Horn (J.D., Editor, Checkpoint Catalyst), Jill McNally (J.D., Editor, Checkpoint), Rebecca Newton-Clarke (J.D., Senior Editor, Checkpoint Catalyst), and Melissa Oaks (J.D., LL.M., Managing Editor, Checkpoint Catalyst) On June 21, 2018, the U.S. Supreme Court issued a decision in South Dakota v. Wayfair, 1 overturning the physical presence standard espoused in Quill v. … Read More

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

3 Steps to Identify and Fix Bottlenecks in Your Firm’s Workflow

The United States Supreme Court today overturned two and a half decades of sales and use tax jurisprudence in South Dakota v. Wayfair, ruling the physical presence standard established in Quill v. North Dakota 2 "unsound and incorrect" and remanding the case to the South Dakota Supreme Court for further proceedings. … Read More

In Landmark Wayfair Ruling, the U.S. Supreme Court Calls Quill Rule “Unsound and Incorrect”

In Landmark Wayfair Ruling, the U.S. Supreme Court Calls Quill Rule “Unsound and Incorrect”

The United States Supreme Court today overturned two and a half decades of sales and use tax jurisprudence in South Dakota v. Wayfair, ruling the physical presence standard established in Quill v. North Dakota 2 "unsound and incorrect" and remanding the case to the South Dakota Supreme Court for further proceedings. … Read More

Thomson Reuters Launches Comprehensive Tax Cuts and Jobs Act Toolkit

Thomson Reuters Launches Comprehensive Tax Cuts and Jobs Act Toolkit

Thomson Reuters has released a robust Checkpoint Tax Cuts and Jobs Act Toolkit offering accounting firms resources to help them identify planning opportunities and guide clients through recent changes in tax law. The Toolkit includes a Checkpoint special report, Practice Aids, tax law summaries, checklists, client letters, and more. The special report, The Tax Cuts … Read More