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Tax Reform Center

How does the Tax Cuts and Jobs Act affect you?

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Revoke or Not to Revoke – That Is The Question

The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017, and we have had a full tax year, and the following tax season, to absorb the impact of the myriad of tax law changes that were the result. In response to this, many construction companies have asked if they should […]

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Construction Tax Alert: New $25M Average Gross Receipts Threshold

The new Tax Cuts and Jobs Act (TCJA) has brought many changes to the tax law. However, there is one area not drawing a lot of attention that is worth discussing: the change to a $25 million average gross receipts threshold. The new $25 million average gross receipts threshold will have a huge impact on […]

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State and Local Resource Center

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Kentucky Sales Tax Hits Nonprofit Organizations

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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Supreme Court Opens Door To Taxation Of Online Sales And Sales By Out-of-state Companies

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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