When a state decides to audit a business, they send a letter to alert the owners of the impending investigation. Though audits can seem random, in...
The LumaTax Blog
Tips and tax talk for CPA firms.
Public Law 86-272 is a federal law that prohibits states and localities from imposing income taxes on out-of-state businesses if their only activity...
In a best-case scenario, the cost of Sales and Use Tax (SUT) non-compliance may add up to a few hundred dollars in fines. In a worst-case scenario?...
One of the great things about running an accounting practice is you have nearly endless ways to expand and evolve your service offering. This is...
At the end of each quarter, our team analyzes what’s new and what’s next with SALT legislation. Below, we’ll talk about trending topics making...
The way states tax software as a service, more commonly referred to as SaaS, is an ever-moving target. Here’s what accountants need to know to...
Sales tax rules have recently changed and are likely affecting your clients—here’s what you need to know to better serve them.
Looking to offer your clients more in-depth advisory services when it comes to sales and use tax? These are some key tips to get started. The...
Accounting firms can level up their line of service by offering virtual sales and use tax advisory.
In 2018, the Supreme Court overturned the physical nexus stipulation, a holdover from the 1992 Quill case ruling, calling it “unfit and unsound” for...
Never in our lifetimes have we witnessed a global, government-enforced shutdown of economic activity. Just the thought of such an action is, frankly,...
Going into the Supreme Court’s hearing of the South Dakota v. Wayfair case, which was argued back in April, one thing was certain: something had to...
Any effective advice relating to Wayfair must be both sensible and thorough. As the trusted advisor, you need a methodology for ensuring that you...
Business owners are required to manage an overwhelming amount of regulatory compliance. Categories include everything from permitting to human...