Paul Roth, principal and State and Local Tax expert at Blue & Co., sat down with the Ohio CPA Society to discuss the impact of the South Dakota vs. Wayfair case two years later. They discussed new nexus standards, how many states have adopted Wayfair, what this means for online retailers, and much more. Listen […]
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Recently, Kentucky House Bill 487 passed, which contained significant changes to Kentucky tax laws. For purposes of this communication, we would like to highlight one major change regarding Kentucky Sales Tax and its effect on nonprofit organizations. This new bill requires that, as of July 1, 2018, organizations charge and collect 6% sales tax on service […]
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The U.S. Supreme Court has given state and local governments the green light to impose sales taxes on out-of-state sellers, including ones that deal in online sales. The 5-4 decision in South Dakota v. Wayfair, Inc. was met by cheers from brick-and-mortar retailers, who have long believed that the high court’s previous rulings on the […]
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In late June, the U.S. Supreme Court issued a decision that significantly changed the sales and use tax collection requirements for the vast majority of online retailers and out-of-state sellers. On June 21st, the court issued a decision in South Dakota v. Wayfair case ruling that a substantial economic presence is all that is required […]
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Recently, Kentucky House Bill 487 passed, which contained significant changes to Kentucky Tax laws. For purposes of this communication, we would like to highlight one major change regarding Kentucky Sales Tax. This new bill requires that, as of July 1, 2018, certain service businesses begin charging and collecting 6% sales tax on labor and service […]
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On Thursday, June 21, 2018, the Supreme Court of the United States ruled in favor of South Dakota in the case of South Dakota v. Wayfair, Inc. The impact of this ruling is to remove the requirement that a company must have a physical presence in a state to be required to collect sales or use tax. […]
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Individual taxpayers who itemize their deductions can generally deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — including income tax, property tax, or sales taxes — had been on the tax reform chopping block, but it ultimately survived. However, for 2018 through […]
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In 1992, the U.S. Supreme Court case of Quill vs. North Dakota established the precedent that a state could not require a company to collect and remit sales tax without a physical presence within that state. However, internet and other remote sales that were in their infancy in 1992 have grown into a $400 Billion […]
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Kentucky sales tax applies to retail sales of tangible personal property, as well as the provision of specified services. However, as is the case with most things in the tax world, there are exceptions to the general rule. Taking advantage of these exceptions can save a company considerable amounts of money. Supplies, Tools, and Materials […]
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Carmel, Ind. (November 23, 2022) – The accounting and consulting firms of Alerding CPA Group (Indianapolis, Ind.) and Blue & Co., LLC (Carmel, Ind.) have announced their merger. The combined firm will operate as Blue & Co., LLC (Blue & Co.), effective December 1, 2022. This acquisition will provide Blue & Co. with greater market […]
By: Holly Fields, CPA, Senior Manager Not-for-profit organizations (NFPs) that receive federal financial assistance over certain levels, either directly from a federal agency or indirectly through state or local agencies, may be required to have a single audit performed under Federal Uniform Guidance. Single Audit Requirements A single audit includes not only an audit of […]
Every three years, the Centers for Medicare and Medicaid Services (CMS) requires any Hospital that is subject to the Inpatient Prospective Payment System (IPPS) to complete an Occupational Mix Survey (OMS). This data is then used to calculate an Occupational Mix Adjustment Factor (OMAF). The occupational mix adjustment impacts a hospital’s average hourly wage and […]
