Blog LBMC

Tag: State and Local TaxX

• New Sales Tax Economic Nexus Standards 01/17/2019  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  When reviewing the new sales tax economic nexus chart to determine the impact on your company, comparing your company’s sales-by-state to the threshold on the chart is just the…
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  Posted in: Tax

  Tagged with: State and Local Tax, Tax
• The Domino Effect of Sales Tax Nexus 09/14/2018  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  Avoid the Domino Effect The good news is the question of whether you have a taxable presence in a state (i.e., nexus) got easier. The bad news is that it is easier to have nexus…
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  Posted in: Tax

  Tagged with: State and Local Tax, Tax
• Manage your Sales and Use Tax Burden with a Reverse Audit 09/15/2017  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  A sales and use tax "reverse audit" can help you maximize tax exemptions and incentives. While similar to a taxing jurisdiction's audit, the purpose of a reverse audit is to…
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  Posted in: Advisory and Business Consulting, Tax

  Tagged with: State and Local Tax
• Tips On Reporting Sales Tax 09/05/2017  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  Many companies with sales tax collection and reporting responsibilities find themselves with audit assessments, notices, collection agents knocking at the door and other…
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  Posted in: Advisory and Business Consulting, Tax

  Tagged with: State and Local Tax
• Should your company start collecting sales tax? 08/23/2017  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  That’s the question every retailer currently not collecting sales tax must answer as more and more states adopt use tax notice and reporting requirements. Colorado was the first…
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  Posted in: Advisory and Business Consulting, Tax

  Tagged with: State and Local Tax
• Should your Company Follow NEW ‘Use Tax' Notice 08/15/2017  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  Should your Company Follow NEW ‘Use Tax' Notice and Reporting Requirements or Simply Start Collecting Sales Tax? That is the question every retailer currently not collecting sales…
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  Posted in: Advisory and Business Consulting, Tax

  Tagged with: State and Local Tax
• Do you owe TN sales tax on cloud-based software? 03/29/2017  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  Cloud computing impacts every industry. In fact, cloud computing contracts can be one of a company’s largest recurring expenses, year after year. Consequently, knowing how the…
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  Posted in: Advisory and Business Consulting, Tax

  Tagged with: State and Local Tax
• Will federal tax reform make state tax nexus even more important? 03/22/2017  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax

  Most states follow federal law or use federal taxable income as their starting point to calculate state taxable income. Hence, if the federal tax base increases, so does the state…
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  Posted in: Tax

  Tagged with: State and Local Tax
• NextTennessee - IMPROVE Act Summary 02/06/2017

  By Griffin Aerts, JD As part of his proposed budget for 2017, Governor Bill Haslam recently announced the first piece of legislation for his NextTennessee legislative agenda, the…
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  Posted in: Manufacturing & Distribution, Tax

  Tagged with: State and Local Tax
• VIDEO: Update on Revenue Modernization Act 06/21/2016  |  By: Brian McCuller, JD, CPA, Shareholder, Practice Leader Tax, Mason Barrick, CPA, Senior Manager, State Tax Recovery & Risk Management

  The Administration’s tax reform bill for 2015, the Revenue Modernization Act, past the Legislature. There were a number of changes made to the original version of the bill, which…
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  Posted in: Advisory and Business Consulting, Tax

  Tagged with: State and Local Tax