Reviewing Your Construction in Progress Account in Alabama Can Save Money on Business Personal Property Taxes
When managing property taxes for your business in Alabama, every detail matters. One often-overlooked opportunity for savings lies in carefully reviewing your Construction in Progress (CIP) account and identifying "soft costs" that can be excluded from your business personal property tax return. Here's why this review process is essential and how it can directly impact your tax liability.
Read MoreHow to Waive Your Maryland Annual Report Filing Fee and Benefit Your Employees at the Same Time
Does your business file an Annual Report in Maryland? If so, you could be eligible to waive the annual fee by participating in the MarylandSaves Program. This state-sponsored savings initiative allows businesses to assist their employees in saving money, much like a 401(k), but at no cost to employers and with minimal administrative requirements.
Read MoreDo you need help Streamlining Your Companies Business Personal Property Tax?
As businesses prepare to close another fiscal year, they face a critical yet often challenging responsibility: efficiently managing their personal property taxes. The annual business personal property tax compliance cycle is a multi-faceted process that demands attention to detail, from in-depth asset reviews to filing returns and navigating post-filing obligations.
Read MoreMichigan Court of Appeals Deems New Roof on Commercial Building Uncapped Property Tax Value
The Michigan Court of Appeals recently ruled that a new roof on a commercial building qualified as “new construction” under Michigan statutes and that the assessor correctly “uncapped” the property’s
Read MoreMichigan Department of Treasury Replaces SUT RAB 2000-4 – Industrial Processing
On May 14, 2024, the Michigan Department of Treasury issued Revenue Administrative Bulletin (RAB) 2024-7 – Sales and Use Tax – Industrial Processing, to replace RAB 2000-4.
Read MoreIndiana - Sales Tax Exemption Certificate Requirements for Nonprofits
The Indiana Department of Revenue recently issued guidance with respect to a nonprofit organization’s use of exemption certificates.
Read MoreOnline Retailer’s Use of Distributors Creates Sales Tax Nexus in AZ
The Arizona Court of Appeals recently found that a nationwide auto parts online retailer had established substantial nexus in Arizona through its distributors.
Read MoreMississippi Freeport Warehouse Exemption – Are you covered?
Charles E. Stokes, in the Official Capacity of Tax Assessor of Hinds County, Mississippi; and Hinds County, Mississippi v. Jackson Sales & Storage Company, Miss. S. Ct., Dkt. No. 2022-CA-00371-SCT, 11/30/2023
Read MoreKentucky Tax Exempt Supplies Consumed in Manufacturing
The Kentucky Supreme Court recently reversed the lower courts ruling that certain supplies consumed in manufacturing qualify for exemption from sales and use tax.
Read MoreMichigan Updates Guidance on Sales and Use Taxation for Computer Software & Digital Goods
The Michigan Department of Treasury issued Revenue Administration Bulletin (RAB) 2023-10 to update guidance with respect to the taxation of computer software and digital goods. The RAB provides detailed guidance with respect to the taxability of prewritten computer software.
Read More2023 Wisconsin Act 12 - Property Tax Info
The Wisconsin Department of Revenue (DOR) recently provided an overview of 2023 Wisconsin Act 12, which contains significant statewide changes beginning with assessments as of January 1, 2024.
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