Tax News
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...
Judy Vorndran Makes Sense of SALT for AAA-CPA 2022 Annual Meeting
Judy Vorndran, a dual-licensed attorney and CPA in state and local tax (SALT) at TaxOps, will help other professionals make sense of SALT trends on June 24 at AAA-CPA 2022 Annual Meeting, live in Philadelphia. Register now. Despite budget surpluses in many...
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
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
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...
Business Personal Property Tax
Business personal property tax is a transaction tax that often flies under the radar. As such, understanding what it is and knowing how to manage it becomes important for complete tax compliance. By Stacey Roberts and Connie Zoerink What is business personal property...
Unclaimed Property: What it is and how it works
Unclaimed property is a taxable facet of business that is lesser known and frequently overlooked. As a staple in the tax world, it is important to understand exactly what unclaimed property is and the accompanying tax implications. By Stacey Roberts and Connie Zoerink...
TaxOps to Speak on Overcoming Common Taxpayer Hurdles
Meredith Smith and Judy Vorndran will be presenting "Overcoming Common Taxpayer Hurdles" to the Colorado Government Finance Officers Association. May 6, 2022 | 8:30 - 4:30 | Colorado Government Finance Officers Association Quarterly Meeting Business taxpayers have a...
U.S. State and Local Tax for Foreign Companies
Foreign businesses operating in the U.S. face a variety of challenges, including knowing what their filing duties might be for income and sales tax. By Judy Vorndran and Stacey Roberts Complications of U.S. State and Local Tax Many companies are now...