Blog

New Sales Tax Economic Nexus Standards

Your company must take the proper steps to address the domino effect of issues created by the new sale tax nexus landscape before your company registers and starts collecting sales tax in new states.

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Tax Cuts and Jobs Act Gives Bigger Break for Most Individuals

Most individual taxpayers, although not all, should benefit from the TCJA. However, the IRS continues to warn taxpayers that they may be at risk for receiving a surprise tax bill due to the law.

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Improve Cash Flow and Create Time

Our tool can help your company not only reduce sales and use tax overpayments and underpayments on purchases, but can also reduce the time your accounting group takes to complete the company’s monthly use tax accrual.

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Meals and Entertainment Deductions — 2018 Tax Law Changes

LBMC’s tax team has put together this reference chart as a tool to help you navigate the changes to the meals and entertainment deduction.

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A 12-Step Program on How to Respond to Wayfair

You have most likely heard of the Wayfair, Inc. sales tax case issued on June 21, 2018, by the U.S. Supreme Court. The following objectives are to reduce risk and improve cash flow.

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Limitation on Business Interest Expense Deduction under TCJA

The TCJA created a new limitation that disallows a deduction for net interest expense that exceeds 30 percent of ATI for businesses with average annual gross receipts more than $25 million.

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Taxes Play a Part in the Relief After Natural Disasters

The disruption and destruction caused by natural disasters to both individuals and businesses make tax relief necessary and helpful to the restoration process.

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New Sales Tax Complexities For Health Care IT Service Providers

Health care information technology service providers (HCIT) are facing new sales tax compliance obligations and complexities because of the recent U.S. Supreme Court case, Wayfair, Inc

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Cost Segregation Studies to Accelerate Depreciation Deductions

Cost segregation studies can fit into a few different categories. For the purposes of this article, we will focus on acquired property, new construction and building renovations.

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The Domino Effect of Sales Tax Nexus

Don’t be liable for tax you could have collected from your customer, and don’t overpay sales tax or use tax on your purchases. Make your company audit ready, and mitigate sales and use tax risk by completing the 10 steps.