Insights & Resources

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.

On November 18, 2021, Governor Roy Cooper of North Carolina signed into law S.B. 105, a budget bill that enacts more than $52 billion in spending over two years and includes a significant package of tax reductions for businesses and individuals.

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.

Read more about the user fee required for using an estate tax closing letter and how to request one.

On November 19, 2021, the U.S. House of Representatives passed the “Build Back Better Act” (BBBA), which includes an estimated $1.7 trillion in spending and an estimated $1.5 trillion in tax increases over 10 years.

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.

“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.