More about Patrick Smith
Blog Posts by Patrick Smith:
-
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 […]
-
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 […]
-
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 […]
-
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 […]
-
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 […]
-
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 […]
-
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 […]
-
How to Build a Back Office Geared for Growth
Key insights Check out the full article here! https://www.claconnect.com/en/resources/articles/2023/how-to-build-a-back-office-geared-for-growth
-
ICYMI: Data Analytics: Crawl, Walk, Run — Walk: An Introduction to Data Warehouses
Are you tired of dealing with the inefficiencies caused by disconnected systems and the challenges posed by dirty data? In this complimentary webinar (recording), learn the differences between a data warehouse and data lake, and how they can help you reduce manual work, increase accuracy, and take your organization to the next level. Who should attend This […]
-
IRS Pauses Processing New ERC Claims Until 2024
Key insights The IRS is serious about cracking down on fraudulent ERC claims The IRS issued multiple warnings, a generic legal advice memorandum, and the “dirty dozen” article warning taxpayers against aggressive schemes for claiming COVID-related relief with the employee retention credit program. On September 14, 2023, it announced a moratorium on processing new refund claims through the end of […]