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Corporate Transparency Act
Read more: Corporate Transparency ActWhat is the Corporate Transparency Act (“CTA”)? Starting January 1, 2024 each reporting company shall submit to FinCEN a report that identifies each beneficial owner of the applicable reporting company and each applicant with respect to that company. Existing companies have until January 1, 2025 to file its initial beneficial ownership information (“BOI”) report or […]
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The Single Sales Factor Phase-In in Tennessee
Read more: The Single Sales Factor Phase-In in TennesseePreviously, Tennessee used a fraction-based apportionment method for its excise tax. The numerator of the fraction included the property factor, the payroll factor, and three times the receipts factor. However, with the implementation of H.B. 323, Tennessee is phasing in a single sales factor approach. Here are the key changes: Starting from tax years ending […]
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- Ohio – Recent Changes to CAT Exclusion and Annual Minimum Tax
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- Tax Opportunities: 2023 Home Energy Tax Credits for Individuals
- Alabama Updates Procedure for Nexus Questionnaire and Voluntary Disclosure Agreement