ASC 740 Provisions: A Transaction Primer

ASC 740 Provisions: A Transaction Primer

Tax provisions under ASC 740 are difficult to manage, but understanding how and when to report them is half the battle. By Davinia Lyon, Stacey Roberts and Meredith Smith What businesses need tax provisions and when do they need them? When a public company registered...
New Tax on Amazon Web Services in Colorado

New Tax on Amazon Web Services in Colorado

Colorado has new statute pertaining to mainframe computer access that might subject services such as Amazon Web Services (AWS) to sales tax. By Alexander Korzhen and Judy Vorndran How do the new taxes on Amazon Web Services (AWS) in Colorado work? Colorado, along with...
Use Tax: A Buyer’s Responsibility

Use Tax: A Buyer’s Responsibility

Many businesses are exposed to use tax for the first time while under audit, which can lead to a costly lesson in compliance.  By Connie Zoerink and Meredith Smith What do sales tax and use tax have in common?  Sales and use tax share a lot of similarities....
Tax Burden by State

Tax Burden by State

The Tax Foundation recently released a study into state and local tax burdens. To determine the percentage of tax burden by state, they took the total state and local taxes paid by the state’s residents and divided that number by the state’s share of net national...