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SaaS Sales Tax: Part IV – Compliance
Contributing author Steve Claflin, Manager SALT (State and Local Tax) Back to Introduction The issues presented in this series are intended to simply raise questions about your company’s sales tax compliance. Whether sales tax is something you never considered, or perhaps you did a thorough review with your CPA 3 years ago, now would be […]
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SaaS Sales Tax: Part III – Taxability
Contributing Author Steven Claflin, Manager SALT (State and Local Tax) Back to Introduction Perhaps the most complicated issue for a seller in the technology industry is properly identifying which revenue streams are taxable and in which jurisdictions. States complicate this determination because most sales tax laws were written before something like Software-as-a-Service existed. While some […]
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SaaS Sales Tax: Part II – Sourcing Sales
Contributing Author, Steve Claflin, Manager, SALT (State and Local Tax) Back to Introduction When a factory in Michigan ships its product to a customer in North Carolina, the sale is clearly a North Carolina sale. However, when a California software company invoices a customer in New York for 100 software licenses, and these licenses might […]
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SaaS Sales Tax: Part I – Nexus
Contributing author: Steven Claflin, Manager SALT (State and Local Tax) Back to Introduction In light of the 2018 Wayfair decision and the rise in remote workers since Covid, a technology company’s nexus profile has dramatically changed over the years. These issues might not be unique to the technology industry, but they certainly apply to most […]
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SaaS – Think you’re not subject to Sales Tax? Think again…4 Part Series
Thanks to contributing author: Steven Claflin, Manager SALT (State and Local Tax) Sales tax compliance is inherently complicated for any seller because of the unique sourcing rules, different nexus thresholds, difficult taxability determinations, and multiple layers of taxation. However, when it comes to the Technology Industry, sales tax compliance is perhaps the most complex. The […]
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Section 174 Fix (sort of)? Early end of ERC? Bonus back up to 100%? The Tax Relief for American Families and Workers Act of 2024
Why wouldn’t we want to get a new tax bill that impacts 2023 returns in 2024? It seems that Congress believes we may be due. The House Ways and Means Committee has announced a bipartisan bill to provide tax relief through renewal of some previously expired provisions, but pays for it with some changes to […]
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Tech companies should plan now for Section 174 capitalization for tax year 2023 and beyond
Will it get fixed? This time last year there was optimism that a 2022 year-end fix would be passed by Congress and Section 174 research capitalization would be deferred or eliminated altogether. Instead, Congress failed to act and tax year 2022 proved to be one of the most challenging for taxpayers subject to Section 174. […]
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R&D payroll tax credit increases for 2023
By Ginny Veit Companies performing research and development (R&D) activities in 2023 can take advantage of a supercharged R&D tax credit against their payroll taxes. The payroll credit can be a hugely valuable cash flow tool for early stage tech companies that should be part of your year-end planning discussions. The payroll tax election under […]
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IRS releases new Section 174 research capitalization guidance
IRS recently announced that proposed regulations are forthcoming under Section 174 while also providing interim guidance. Check out our latest article to see what this development means for tech companies: IRS to Propose Section 174 Regulations, Interim Guidance Issued : 2023 : Articles : Resources : CLA (CliftonLarsonAllen) (claconnect.com).
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Happy ‘Techies’ Day
Techies Day is a day set aside to celebrate individuals who are passionate about technology and the impact it has on society. This day is usually observed on October 3rd every year and provides an opportunity to acknowledge the contributions of techies to the development of various technological advancements. Techies are the individuals responsible for […]
