State taxes

The recent announcement of potential financial transaction taxes in New York and New Jersey alongside new regulations represent a growing operational challenge.

Coronavirus costs and revenue shortfalls may mean increases at all levels.

As Nasdaq Inc. and the New York Stock Exchange consider abandoning their New Jersey data centers over a proposed financial transaction tax, they may not find their backup sites in Chicago guaranteed to be levy-free havens.

Hedge funds are planning to expand their presence in Florida, adding to a migratory trend as wealthy residents of northern states face the threat of higher taxes.

State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown, a positive sign for governors and mayors who had been bracing for the biggest fiscal crisis in decades.

The tax hike will fund rebates for about 800,000 middle-class households.

Mandated by the COVID-19 pandemic, remote work can also bring serious tax consequences.

Proposition 19 would change key aspects of the landmark Prop 13.

Most of the Top 100 CPA firms reportedly are showing significant increases in revenue in their SUT practices.

In today’s COVID-19 world where nothing seems normal, and “new normals” are popping up in every business operation, service businesses are trying to make up for lost income and rising expenses in creative ways that will lessen the financial impact of COVID-19.

As far as the taxman is concerned, home is where the heart is.

Democrats in New York, the world’s financial capital, may finally have the right moment to resurrect the state tax on stock trades.

The majority of states are considering a company to have tax nexus if just a single employee is telecommuting from their state, according to a new survey, which could have wide implications for businesses as more of their employees work from home during the COVID-19 pandemic.

By incentivizing businesses to rehire employees laid off or furloughed due to COVID-19, states will generate a faster economic recovery and provide valuable assistance for companies to get back on their feet.

The explosion in e-commerce since early March has resulted in a significant increase in online sales tax revenues in most states.

But the ability to ship booze will bring complexities — with state sales tax not the least of them.

The financial landscape is looking worse than lawmakers expected, sending states to ferret out every opportunity to expand, demand, and open new and broader tax pipelines. No business will be spared.

Do employees working remotely during the pandemic trigger filing obligations for their companies?

From more OICs and higher state taxes, to managing NOLs and the long-term ramifications of the PPP, experts advice predictions for practitioners.

How long should tax professionals hold onto the e-file signature authorizations of their clients? It depends on where they and their clients reside.