Updates on what to consider when changing state residency, the impact of the SCOTUS Wayfair decision impacting remote seller sales tax obligations, how your rental property might qualify for the new Qualified Business Income deduction under the safe-harbor provision, and much more.Tronconi Segarra … [Read more...] about November Small Business Newsletter
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Wayfair Decision Nexus Economic Impact
The chart below contains economic nexus thresholds imposed by states pursuant to the Wayfair decision as of November 1, 2019. For more information about how these thresholds may apply to your business, contact one of our State and Local Tax team leaders to schedule a review of your sales and … [Read more...] about Wayfair Decision Nexus Economic Impact
Kansas AG Declares Remote Seller Sales Tax Invalid
The day before Kansas' new sales tax policy for taxing remote sellers was set to go into effect (October 1), the State's Attorney General issued an opinion declaring the policy to be invalid. According to Attorney General Opinion No. 2019- 8: "Kansas has no legally adopted standard by which the … [Read more...] about Kansas AG Declares Remote Seller Sales Tax Invalid
Special Edition – Small Business Newsletter: A Deep Dive into QuickBooks Online
Special Edition of the Tronconi Segarra & Associates LLP Newsletter Tronconi Segarra & Associates has partnered with Intuit, parent company of QuickBooks, to assist clients with maximizing their use of QuickBooks Online (QBO). Whether you are a current QBO user, a QuickBooks desktop user … [Read more...] about Special Edition – Small Business Newsletter: A Deep Dive into QuickBooks Online
Tronconi Segarra & Associates Merges with Lockport CPA Practice
James S. Segarra, CPA, Managing Partner of Tronconi Segarra & Associates LLP certified public accounting/business consulting firm, announced today that his Firm of 113 associates has merged with Scott A. Cain, CPA, and six associates from his previous firm, Wittlin, Cain, & Dry, LLP. With … [Read more...] about Tronconi Segarra & Associates Merges with Lockport CPA Practice
More States to Enforce Remote Seller Filing Requirements Starting This Fall
A number of states will begin enforcing their new sales tax filing requirements for remote sellers in the coming weeks. Since the U.S. Supreme Court's decision in South Dakota v. Wayfair Inc. in June of last year, that eliminated Quill's physical presence standard for sales tax nexus, just about … [Read more...] about More States to Enforce Remote Seller Filing Requirements Starting This Fall