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PodcastExplore key tax challenges in mergers and acquisitions with insights from Shane Stewart, Savannah Brown and Brandon Hayes in this engaging podcast episode.
Explore how sales, severance and property taxes impact the oil and gas industry with leading insights in this episode of Weaver: Beyond the Numbers.
Learn how to assess and manage sales tax obligations across jurisdictions with Shane Stewart and Steven Scarborough in this episode of Weaver: Beyond the Numbers.
Learn about sales and use taxes in digital services from Shane Stewart, Blake Fuqua and Brandon Hayes in this informative Weaver: Beyond the Numbers episode.
EventOn this episode of Weaver: Beyond the Numbers, Shane Stewart sits down with Mayur Naik and Tony Burgess to discuss the benefits of direct pay to companies. Tune in.
Transfer pricing is commonly viewed as an international issue, but certain state tax authorities are beginning to scrutinize domestic related-party transactions.
From property tax expenses to construction-related exemptions, financial institutions can optimize their understanding of state and local tax implications. Tune in.
The Texas House and Senate approved H.B. 3, a historic legislative package aimed at reducing property taxes & simplifying franchise tax reporting requirements.
Tax relief has begun landing in the mailbox for Colorado taxpayers eligible for an exemption from the state’s Retail Delivery Fee. Learn more.
The Oklahoma State legislature enacted H.B. 1039, which eliminates all corporate franchise tax fees and reporting requirements beginning for tax year 2024.
The California Franchise Tax Board has granted a one-year extension for tax capital reporting conformity. Learn more about reporting capital accounts.
Tune in as Mayur Naik and Shane Stewart discuss the direct pay permit and its benefits for businesses on this Weaver: Beyond the Numbers podcast episode.
A number of states have updated their motor fuel tax rates and related fees effective in the first quarter of 2023.
Colorado's new "retail delivery fee" has proved to be a challenge for business owners, retailers and marketplace providers. Learn why.
The IRS recently issued guidance on the procedure to request that a substance be added, or removed, from the list subject to the Superfund excise tax.
Taxpayers subject to the Superfund Excise Tax are reminded that payments should be deposited semi-monthly unless the net liability is less than $2,500 for the quarter.
Colorado has implemented a new "retail delivery fee" that presents an additional compliance challenge in the state's already complex sales and use tax system.
Learn about which states have announced motor fuel tax rate changes effective July 1, 2022, and check back as we will continue to monitor and make updates as needed.
In recent months, a number of states have enacted legislation to temporarily suspend the motor fuels tax. Weaver will monitor these actions and update this post regularly.
In Sirius XM Radio, Inc., v. Hegar, No. 20-0462, the Texas Supreme Court ruled that determination of the apportionment of receipts from services must be "origin-based" rather than "destination-based."
AB 466 allows the California Franchise Tax Board (FTB) to collect and share information on taxpayer reporting of unclaimed property.
Learn about the tax cuts for businesses and individuals as New York is the latest state to provide tax reductions to taxpayers.
In the updated statement on P.L. 86-272, businesses previously protected from paying the state corporate income tax in California or New York could now be liable for these taxes through various internet activities.
Taxpayers will be relieved of underpayment penalties under IRC Section 6656 for failing to make required deposits of the Superfund Tax as issued in Notice 2022-15.
Taxpayers who are required to obtain a "G" registration under the reinstated Superfund Tax are impacted by recent IRS guidance on registration for certain Form 637.
On March 24, 2022, the Fifth Circuit Court of Appeals found the federal oil spill tax under IRC Section 4611(b) unconstitutional when imposed on exports of crude oil from the United States.
Certain pass-through entities filing first-year California tax returns are exempt from the state’s $800 minimum franchise tax beginning in 2021. The exemption applies to limited partnerships (LPs), limited liability partnerships (LLPs), and limited liability companies (LLCs) filing first-year returns in 2021, 2022, and 2023.
Some businesses make the mistake of putting off investment in tax compliance because it seems too expensive. But when it comes to sales tax compliance, the old adage is true: an ounce of prevention is worth a pound of cure.
As a reminder to suppliers and distributors of motor fuel: many states issue licenses that must be renewed periodically rather than being effective for a continuous period until canceled. The licenses in the table below have renewal requirements. Licensees should receive a renewal notification from the state tax authorities prior to the renewal date.
California Governor Gavin Newsom’s record $213 billion budget proposal could bring significant tax reductions to California businesses.
The U.S. Supreme Court’s 2018 decision in South Dakota v. Wayfair revolutionized sales tax by removing the “physical presence” requirement for sales tax nexus.
The Internal Revenue Services (IRS) issued an initial list of 101 chemicals subject to the recently reinstated Superfund excise tax under IRC Section 4661 and Section 4671.
The Infrastructure Investment and Jobs Act, which President Biden signed into law on November 15, 2021, reinstates Superfund excise taxes on the sale and import of certain chemicals as part of the law’s revenue raising provisions.
The tax assessor’s notice isn’t always the final say on what taxpayers must remit. Companies can easily appeal these decisions with a proactive appeal strategy for their real and personal property taxes.
“Flowback services” used to transition an oil and gas well to production after hydraulic fracturing are taxable as equipment rentals under the Texas Administrative Code.
The summer of 2021 held promise for moving past COVID-19 restrictions and returning to normal. Unfortunately, the Delta variant did not get the memo and has plunged the world back into uncertainty.
The Alabama Department of Revenue issued three executive orders to ease the availability of automobile fuel after Hurricane Ida.
The recently passed $1 trillion Infrastructure Investment and Jobs Act includes a proposal to reinstate Superfund excise taxes on the sale and import of certain chemicals as an offset to the bill’s spending provisions.
New Mexico recently changed the reporting location for its gross receipts tax and compensating tax to destination-based sourcing for most goods and certain services. The changes took effect July 1, 2021.
California Governor Gavin Newsom signed into law budget legislation that includes a workaround of the $10,000 federal cap on state and local tax (SALT) deductions implemented under the Tax Cuts and Jobs Act (TCJA).
A recent appeals court decision affirmed that butane is not an alternative fuel and that a mixture of butane and gasoline does not qualify for the alternative fuel mixture tax credit under IRC Section 6426(e).
Weaver’s Mayur Naik, Partner, State and Local Tax Services, and Shane Stewart, Partner-in-Charge, State and Local Tax Services, brought their wealth of knowledge to Weaver: Beyond the Numbers.
Gone are the days when remote sellers can afford to procrastinate their obligations to register. It’s time to begin filing sales tax returns under the economic nexus laws requirements.
WebinarOn this episode of “Weaver: Beyond the Numbers,” Weaver’s professionals discuss how the landscape is changing with these new economic nexus laws.