Tax & Accounting Blog

New disaster relief credits available to help you help your clients

New disaster relief credits available to help you help your clients

When disasters strike, the last thing your clients are thinking about are their taxes. Yet they will likely be looking for assistance and financial guidance to help them get through such difficult and trying times. Finding out that his/her business is eligible for a disaster relief credit could potentially be critical for a client desperately … 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

New Jersey Enacts Shared Responsibility Payment for Taxpayers

New Jersey Enacts Shared Responsibility Payment for Taxpayers

New Jersey Enacts Shared Responsibility Payment for Taxpayers by David Engel CPA (RIA) The New Jersey Health Insurance Market Preservation Act, replaces the shared responsibility payment established by the federal Affordable Care Act (ACA), which has been repealed for tax years beginning after 2018, with its own very similar shared responsibility payment. (​ L. 2018, A3380​, … Read More

Maryland Enacts PRIME Act to Attract Amazon HQ2

Maryland Enacts PRIME Act to Attract Amazon HQ2

Written by Saleem A. Shareef, Esq. (RIA)​ On April 25, 2018, Maryland Governor Larry Hogan signed legislation enacting the Promoting ext-Raordinary Innovation in Maryland’s Economy (PRIME) Act that provides $3 billion in economic incentives for Amazon to locate its second headquarters (Amazon HQ2) in Maryland. Incentives include a state corporate income tax credit, state … Read More