Podcasts about local tax

We explain the State and Local Tax deduction cap and the extent to which it impacts municipal bond investors Follow UsTwitter @NYLInvestmentsTwitter @MacKayMuniMgrsFacebook @NYLInvestmentsLinkedIn: New York Life InvestmentsLinkedIn: MacKay Municipal ManagersPresented by New York Life Investmentswww.newyorklifeinvestments.com MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

But how can SALT (state and local tax deductions), once it has lost it's saltiness, be made salty again? This and more on the One Big Beautiful Bill.

Dr. Stephen Voss joins Larry to talk about how AI is being used at the University level, the value of a modern college education, and the proposed State and Local Tax deductions. See omnystudio.com/listener for privacy information.

Fox News Radio's Ryan Schmelz joins the show to talk about why Republicans are pushing back against an increase in some state tax laws.

Why are Puerto Rico's tax laws so misunderstood? In this episode of the Mano a Mano podcast, host George is joined by Simón Carlo Valentín - tax attorney and CPA - to break down the complexities of Puerto Rico's tax system.They explore the truth about federal taxes in Puerto Rico, the impact of recent U.S. and local tax reforms, and how these policies shape the island's economy and its push for statehood. Simon shares expert insights on tariffs, tax code misconceptions, and what fiscal policy changes may be needed for Puerto Rico to fully integrate with the United States.In this episode:Do Puerto Ricans pay federal taxes?How U.S. tariffs affect the islandLocal tax reform and economic developmentMyths vs. facts on Puerto Rico's tax systemTax implications of Puerto Rico statehoodTimestamps:06:49 Federal Payroll Taxes and Inequities10:23 Puerto Rico's Contributions to Federal Taxes16:17 Impact of Tariffs on Puerto Rico20:55 Federal Tax Policy and Manufacturing Incentives25:05 Impact of Hurricane Maria on US Medical Supply Chain25:30 Proposed Manufacturing Redundancy Plan for National Security27:06 Economic Incentives and Tax Policies in Puerto Rico28:16 Disparities in Compensation and Intellectual Property Issues34:52 Local Tax Reform Efforts in Puerto Rico40:17 Act 60 and Its Implications for Statehood44:15 Vision for Puerto Rico's Statehood and Federal Tax Integration47:02 Community Engagement and Political Advocacy49:36 Conclusion and Call to Action

This Tax Day episode of Tax Credit Tuesday features guest host Tony Grappone, CPA, and guest Reza Karim, CPA. They discuss state and local tax issues vital to renewable energy facilities, including various types of taxes such as property, sales and use taxes. They also delve into tax credit transfers, nexus, apportionment and non-resident withholding, providing practical tips and insights for managing these complex tax landscapes. They highlight the importance of early planning and engagement with local jurisdictions to optimize tax outcomes.

Join us on #TexasValuesReport with special guest Senator Mayes Middleton, State Senator (SD-11), and host Jonathan Saenz, President & Attorney for Texas Values as they discuss the importance of the Texas Women's Privacy Act Hear Brooke Slusser's testimony in favor of Texas Women's Privacy Act, SB 240, by Senator Mayes Middleton. https://www.facebook.com/share/v/17ztdAMZJC/ Shiloh Satterfield at 10 years old fighting to prevent men from entering the girl's restroom. https://www.facebook.com/share/v/1AB9ccm5pf/ Hear Shiloh Satterfield's testimony in favor of Texas Women's Privacy Act, SB 240, by Senator Mayes Middleton. https://www.facebook.com/share/v/1BibkKa5XH/ Hear President & Attorney for Texas Values Jonathan Saenz's testimony in favor of Texas Women's Privacy Act, SB 240, by Senator Mayes Middleton. https://www.facebook.com/share/v/1EAdMiRPnH/ Help us build our channel so we can maintain a culture of Faith, Family, & Freedom in Texas by interacting with us; like, comment, share, subscribe! For more about Texas Values see: Txvalues.org To support our work, go to donate.txvalues.org/GivetoTexasValues

Clark-Cowlitz Fire Rescue is hosting a community forum on March 24 to address concerns about Tax Increment Financing and its impact on emergency services. Learn more about the issue and how you can provide input. Read the full story at https://www.clarkcountytoday.com/news/community-forum-to-address-concerns-about-changes-to-local-tax-collection-methods-impacting-emergency-services/ on www.ClarkCountyToday.com. #localnews #ClarkCountyWa #firedepartment #publicsafety #firefunding #RidgefieldWa #CCFR

Bunkered down in the war room somewhere in the high desert of southern Idaho where I discuss all things firearms and self defense training... call us text us 620-794-6223 email us at info@patriotdefense13.com  like us on FB and check out our web page patriotdefense13.com Facebook Instagram Youtube Rumble TikTok

Should private equity be allowed in your 401(k)? 70 million Americans have roughly $12 trillion in retirement accounts and the high fee private equity firms want a piece of that. Private equity comes with higher risk than traditional stocks and bonds that are found in retirement accounts. The big difference with private equity is they are generally illiquid investments in companies that are too small or risky to issue publicly traded shares. The businesses they invest in don't issue quarterly reports on earnings and the valuations can at best be called questionable. It should be noted that private funds can tie up investors' money for years and may give you some type of loose valuation of what your investment is worth. The fees that these funds charge is around 2 1/2%, which is well above the average fund of a half percent or so in current 401(k)s. Private equity tries to claim their investments far outperform the stock and bond markets, but a study from Boston College in 2024 found that long-term returns for pension funds, which allow alternatives, generated about the same investment return as a 60/40 split of stocks and bonds. Wall Street and the owners of these private equity funds just want to generate more fees even if it means putting your 401(k) in danger with high-risk investments with little to no liquidity. I'm in hopes that private equity's pursuit of trying to get their hands on your retirement accounts hits a brick wall and the regulators protect your retirement plan.    A bitcoin strategic reserve is a terrible idea Last week there was an executive order signed to create a strategic bitcoin reserve for the United States. Crypto enthusiasts were pleased by the action, but disappointed that the order did not specify a buying schedule or clear strategy to buy more bitcoin. In the current fashion, the reserve will include coins that are already owned by the government that it seized from past law enforcement actions. The US currently owns more than 198,000 bitcoins that are worth about $17 billion. Given our large debt and the current deficit, I think it is just silly to borrow money and buy a volatile asset like bitcoin. The government is not here to make investment profits with our taxpayer dollars, if that were the case why wouldn't they also buy individual stocks? Something like the Strategic Petroleum Reserve makes sense as that commodity plays such an important part in our day to day lives. Bitcoin has no impact on our day to day lives and I just can't see what the strategic benefit would be outside of shooting for investment gains. We should be focused on paying down debt and reducing deficits rather than trying to generate investment returns with taxpayer money. I think even the action of keeping seized bitcoin is a mistake as that could be used to reduce debt. As for the price of bitcoin, I believe it could keep falling. There seems to have been a lot of catalysts that took place last year including the launch of ETFs and a more crypto friendly administration taking office. I don't see many new catalysts in the near future, which could lead to steeper declines. For me, I don't want my own dollars or my tax dollars in bitcoin or any other cryptocurrency for that matter.   Inflation report puts stagflation risks at ease The headline Consumer Price Index (CPI) for February came in at 2.8%, which was below the estimate of 2.9% and less than January's reading of 3%. Core CPI, which excludes food and energy came in at 3.1%, which was also below the estimate of 3.2%. This reading was less than January's reading of 3.3% and it marked the lowest increase since April of 2021 when we saw inflation rise 3%. That was really the beginning of the inflation problems as the March 2021 core CPI rate was 1.6%. I've said it before, but with inflation at these levels I really don't see it as a problem. There are some areas like eggs that increased 59% compared to last year, but outside of that most categories are quite tame. Shelter also continues to lift the inflation numbers as the index rose 4.2% in the month of February. This was the smallest increase for the shelter index since December 2021, but it still remains above both the headline and core numbers, which means it is putting upwards pressure on those reports. This report would have shown limited impact from the recent tariffs, so it will be interesting to see in the coming months what the numbers look like as the tariffs work their way through supply chains. I still believe inflation will not be a problem in 2025 and that the Fed will be able to cut rates a few times this year.   Another win on the inflation front The February Producer Price Index (PPI) showed no change in the pricing level when compared to January. For the 12-month period it rose 3.2%, which was much better than last month's reading of 3.7%. Core PPI, which excludes food and energy actually fell 0.1% from January and the annual increase of 3.4% was down from last month's reading of 3.8%. This report helps us breathe a sigh of relief as December and January produced hotter readings. As we've been saying, inflation will not go down in a straight line and month to month the readings will be bumpy, but the general trend should be lower. As we said with CPI, it will be interesting to see how the tariffs impact these inflation reports in the coming months. One thing that does not get much coverage is that we had tariffs back in 2018 and inflation did not see a major spike. Hopefully that will be the case again and we can move on from this battle against inflation that has lasted a few years now.   Who Benefits from Repealing the “SALT” limit? One of the more controversial changes in the Tax Cuts and Jobs Act of 2017 was the $10,000 limit placed on the State and Local Tax (SALT) itemized deduction.  Prior to 2018, those who itemized could deduct the full amount of state income taxes and property taxes on their federal tax returns.  Under current law through the end of this year, only the first cumulative $10,000 of these taxes is deductible.  This obviously hurts high earners in states like California.  Someone making half a million dollars per year and paying $40,000 in California income taxes only receives a deduction on the first $10,000 and receives no additional deduction for any property taxes they pay. While there isn't as much public sympathy for high-income earners paying more tax, this limit also impacted California homeowners, especially first-time homebuyers.  When buying a home in California, property taxes are about 1.2% of the purchase price of that home. Thanks to Prop 13, property taxes increase minimally after purchase and generally much less than the property value increases. This means the longer you own a home, the lower your property taxes are relative to the fair market value of the property.  This also means that property taxes are most expensive when first buying a home.  In California, home values are high, mortgage rates are high, insurance costs are high, utilities are high, and because of the high value of homes, property taxes are also high. Virtually everything about homeownership in California is expensive, so it's no wonder people are struggling to afford a house. This phenomenon has gotten worse in recent years, but it's not new.  Regarding the SALT deduction, it is common for homeowners to have state income taxes and property taxes that exceed the $10,000 limit even if they're not really “high-earners” because of the income needed to simply afford a home and its corresponding property taxes.  A young family could easily be looking at $20,000 to $25,000 just in state and local taxes, most of which would not be deductible due to the SALT limit.  While the SALT deduction is mainly thought of as a high-earner issue, a lot of normal people in California would benefit from its repeal, especially if federal tax rates do not increase back to their pre-2018 levels.   Companies Discussed: DoorDash, Inc (DASH), Rocket Companies, Inc. (RKT) & Verizon Communications Inc. (VZ)

Our U.S. Public Policy and Currency analysts, Ariana Salvatore and Andrew Watrous, discuss why the dollar fell at the beginning of the first Trump administration and whether it could happen again this year. ----- Transcript ----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Morgan Stanley's U.S. Public Policy Strategist.Andrew Watrous: And I'm Andrew Watrous, G10 FX Strategist here at Morgan Stanley.Ariana Salvatore: Today, we'll focus on the U.S. dollar and how it might fare in global markets during the first year of the new Trump administration.It's Tuesday, March 4th at 10am in New York.So, Andrew, a few weeks ago, James Lord came on to talk about the foreign exchange volatility. Since then, tariffs and trade policy have been in the news. Last night at midnight, 25 percent tariffs on Mexico and Canada went into effect, in addition to 10 percent on China. So, let's set the scene for today's conversation. Is the dollar still dominant in global currency markets?Andrew Watrous: Yes, it is. The U.S. dollar is used in about $7 trillion worth of daily FX transactions. And the dollar's share of all currency transactions has been pretty stable over the last few decades. And something like 80 percent of all trade finance is invoiced in dollars, and that share has been pretty stable too.A big part of that dollar dominance is because of the depth and safety of the Treasury security market.Ariana Salvatore: That makes sense. And the dollar fell in 2017, the first year of the Trump administration. Why did that happen?Andrew Watrous: Yeah, so 2017 gets a lot of client attention because the Fed was hiking, there was a lot of uncertainty about would happen in NAFTA, and the U.S. passed a fiscally expansionary budget bill that year.So, people have asked us, ‘Why the U.S. dollar went down despite all those factors?' And I think there are three reasons. One is that even though the possibility that the U.S. could leave NAFTA was all over the headlines that year, U.S. tariffs didn't actually go up. Another factor is that global growth turned out to be really strong in 2017, and that was helped in part by fiscal policy in China and Europe. And finally, there were some political risks in Europe that didn't end up materializing.So, investors took a sigh of relief about the possibility that I think had been priced in a bit that the Eurozone might break up. And then a lot of those factors went into reverse in 2018 and the U.S. dollar went up.Ariana Salvatore: So, applying that framework with those factors to today, is it possible that we see a repeat of 2017 in terms of the U.S. dollar decline?Andrew Watrous: Yeah, I think it's likely that the U.S. dollar continues to go lower for some of the same reasons as we saw in 2017. So, I think that compared to 2017, there's a lot more U.S. dollar positive risk premium around trade policy. So, the bar is higher for the U.S. dollar to go up just from trade headlines alone.And just like in 2017, European policy developments could be a tailwind to the euro. We've been highlighting the potential for German fiscal expansion as European defense policy comes into focus. And unlike in 2017, when the Fed was raising rates, now the Fed is probably going to cut more this year. So that's a headwind to the dollar that didn't exist back in 2017.So, on trade, Ariana. What developments do you expect? Do you think that Trump's new policies will make 2025 different in any way from 2017?Ariana Salvatore: So, taking a step back and looking at this from a very high level, a few things are different in spite of the fact that we're actually talking about a lot of similar policies. Tariffs and tax policy were a big focus in 2017 to 2019, and to be sure, this time around, they are too, but in a slightly different way.So, for example, on tax cuts, we're not talking about bringing rates lower on the individual and corporate side. We're talking about extending current policy. And on tariffs and trade policy, this round I would characterize as much broader, right? So, Trump has scoped in a broader range of trading partners into the discussion like Mexico and Canada; and is talking about a starting point that level-wise is much higher than what we saw in the whole 2018 2019 trade friction period.The highest rate back then we ever saw was 25 percent, and that was on the final batch of Chinese goods, that list four. Whereas this time, we're talking about 25 percent as a starting point for Mexico and Canada.I think sequencing is also a really important distinction. In 2017, we saw the tax cuts through the Tax Cuts and Jobs Act (TCJA) come first, followed by trade tensions in 2018 to 2019. This time around, it's really the inverse. Republicans just passed their budget resolution in the House. That lays the groundwork for the tax cut extensions.But in the meantime, Trump has been talking about tariff implementation since before he was even elected. And we've already had a number of really key trade related catalysts in the just six weeks or so that he's been in office.Andrew Watrous: So, you mentioned expectations for fiscal policy. What are recent developments there, and what do you think will happen with U.S. fiscal?Ariana Salvatore: I mentioned the budget resolution in the house that was passed last week. And you can really think of that as the starting point for the reconciliation process to kick off. And consequently, the extension of the Tax Cuts and Jobs Act.To be clear, we think that House Republicans will be able to align behind extending most of the expiring Tax Cuts and Jobs Act, but that's still in the books until the end of 2025. So, we see many months needed to kind of build this consensus among cohorts of the Republican caucus in Congress, and we already know there's some key sticking points in the discussion.What happens with the SALT [State and Local Tax] cap? What sort of clawbacks occur with the Inflation Reduction Act? All these are disagreements that right now are going to need time to work their way through Congress. So not a lot of alignment just yet. We think it's going to take most of the year to get there.But ultimately, we do see an extension of most of the TCJA, which is like I said, current law until the end of 2025.But Andrew from what I understand when it comes to fiscal policy, there are really two stages in terms of the market impact that we saw in the last administration. Can you walk us through those?Andrew Watrous: Yeah, so one lesson from 2016 to 2018 is that there were really two stages of when fiscal developments boosted the dollar. The first was right after the U.S. election in 2016, and the second was much later after the Tax Cuts and Jobs Act passed. So right after the 2016 election, within a couple of weeks, the dollar index rallied from 98 up to 103, and 10-year Treasury yields rose as well.And then things sort of moved sideways in between these two stages. Ten-year Treasury yield just moved sideways. Fiscal wasn't as supportive to the U.S. dollar. And as we know, the dollar went down. And then we had the second stage more than a year later. So, the TCJA was passed in December 2017. And then the dollar rallied after that along with the rise in Treasury yield.So, we think that now, what we've seen is actually very similar to what happened in 2017, where the dollar and yields moved a lot after the 2024 election; but now the budget reconciliation process probably won't be a tailwind to the dollar until after a tax cuts extension passes Congress. And as you mentioned, that's not going to be for many, many months. So, in the interim, we think there's a lot of room for the dollar to go down.Ariana Salvatore: And just to level set our expectations there to your point, it is probably going to be later this year. House Republicans have to align on a number of key sticking points. So, we have passage somewhere on the third or fourth quarter of 2025.But when we think about the fiscal picture, aside from the deficit and the macro impacts, a really key component is going to be what these tax changes mean for the equity market. The extension of certain tax policies will matter more for certain sectors versus others. For example, we know that extending some of the corporate provisions, aside from the lower rate, will have an impact across domestically oriented industries like industrials, healthcare, and telecom.But Andrew, to bring it back to this discussion, I want to think a little bit more about how we can loop in our expectations for the equity market and map that to certain dollar outcomes. How do you think that this as a barometer has changed, if at all, from Trump's first term?Andrew Watrous: Yeah, currency strategists like me love talking about yield differentials. But from 2016 to 2018, the U.S. dollar did not trade in line with yield differentials. Instead, in the initial years of President Trump's first term, equities were a much better barometer than interest rates for where the U.S. dollar would go.After President Trump was elected in 2016, U.S. stocks really outperformed stocks in the rest of the world, and the U.S. dollar went up. Then in 2017, stocks outside the U.S. caught up to the move in U.S. stocks, and the U.S. dollar fell. Then in 2018, all that went into reverse, and U.S. stocks started outperforming again, and the U.S. dollar went up.So, what we've been seeing in stocks today really echoes 2017, not 2018. Stocks outside the U.S. have caught up to the post election rise in U.S. stocks. And so, just like it did in 2017, we think that the U.S. dollar will decline to catch up to that move in relative stock indices.Ariana Salvatore: Finally, Andrew, we already discussed the U.S. dollar negative drivers from 2017. But what happened to these drivers the following year in 2018? And is that any indication for what might happen in 2026?Andrew Watrous: So 2018, as you mentioned, does offer a blueprint for how the U.S. dollar could go up. So, for example, if trade tensions evolve in a direction where our economists would have to significantly downwardly revise their global growth forecasts, then the U.S. dollar could start to look more attractive as a safe haven. And in 2018, there was a big rise in long-end Treasury yields. That's not what we're calling for; but if that were to happen, then the U.S. dollar could catch a bid.Ariana Salvatore: Andrew, thanks for taking the time to talk.Andrew Watrous: Great speaking with you, Ariana.Ariana Salvatore: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

On this week's episode of THE FINANCIAL COMMUTE, host Chris Galeski and Scott Gilmore, CEO of Ascend Tax and Business Advisors, discuss upcoming tax law changes and how to maximize your tax benefits in 2025.Here are some key takeaways from their conversation:Due to the January fires in LA, tax filing and payment deadlines have been extended to October 15th for individuals and businesses residing in Los Angeles County. A Net Operating Loss (NOL) occurs when a taxpayer's deductible losses exceed their taxable income in a given year. For those affected by the LA fires, net operating losses can be especially valuable. If someone suffered a significant loss—such as property damage that wasn't fully covered by insurance—their casualty loss deduction could create an NOL. Since the fire occurred in January 2025, impacted taxpayers can choose to apply their losses to their 2024 tax return rather than waiting until 2025, which could allow them to reduce their 2024 taxable income and qualify for tax refunds.The estate tax exemption is expected to be reduced from around $14 million to $7 million in 2026, prompting some individuals to accelerate their gifting strategies.Taxpayers can use “bunching” (grouping donations into one year) or donor-advised funds to maximize deductions.The $10,000 SALT (State & Local Tax) cap may be removed if tax laws expire, but business owners currently benefit from workarounds like AB 150.401k and other retirement contribution limits have increased for 2025, with a special catch-up contribution for those aged 60-63 allowing them to save more pre-tax.Given ongoing tax law shifts, individuals should engage with advisors to optimize tax strategies and ensure compliance.If you or someone you know has been affected by the fires, Ascend Tax and Business Advisors is happy to take calls from non-clients and answer questions about available tax benefits. Visit their website here: https://www.ascendadvisors.com/

In this episode, panelists discuss changes impacting income tax compliance, real estate transfer tax trends and the Inflation Reduction Act. 

Brandon Arnold, Executive Vice President at The National Taxpayers Union (NTU). SALT!

On the latest episode of Beyond the Numbers by Weaver, host James Mihills, partner, Risk Advisory Services at Weaver engages in a comprehensive discussion. The conversation centers around Financial institutions, the tax issues they face, and how to maximize tax savings with Shane Stewart, partner-in-charge, State and Local Tax Services at Weaver, and Blake Fuqua, partner, State and Local Tax Services at Weaver. Key Points: Property taxes can be a major expense for banks, especially with the increasing use of technology and the obsolescence of certain real property assets.Financial institutions should consider new construction-related exemptions for sales tax when expanding their operations or building new locations. Conversely, they should also ensure that contractors are charging sales tax for remodeling services, as these are often considered taxable. Partnering with a state and local tax practice like Weaver's can help banks effectively manage compliance, reduce overpayment risk, handle complex filings, ensure timely payments, and provide peace of mind through compliance evaluations and other specialized services. What do financial institutions need to know about state and local taxes issues, and where are they potentially leaving money on the table? Many financial institutions don't think they need to register or review purchase invoices for sales tax, but improper payment of sales tax can have a detrimental impact on these organizations. Property taxes are another significant expense for entities, but there are several ways to cut the costs of this expense and maximize tax savings if done correctly. This conversation also touches on: Revelations that many financial institutions are overpaying sales tax on IT-related and professional services as technology investments growThe significance of property taxes, the value attached to brick-and-mortar bank locations, and the potential tax savings through correct valuationsThe administrative burden of ensuring tax compliance, the risks of overpayment and underpayment, and the idea of potentially outsourcing these complexities Fuqua explained, “A lot of banks are overpaying sales tax on a lot of IT-related services, data processing, and professional services. There are some recent court cases in the state of Texas and a few other states that really sets some good opportunities available for these financial institutions and banks to take advantage of. So, it's definitely something financial institutions and banks should consider as they increase their operational footprint and spend.” Stewart later added, “One rendition that you're reporting property on could be associated with five different property tax bills, right? And so, just managing the compliance around meeting those requirements each year is a huge task administratively, and it's quite a burden. So you think of the expense — the amount of time and resources it takes to handle this…” Subscribe and listen to future episodes of Weaver: Beyond the Numbers on Apple Podcasts or Spotify.

In this episode, panelists discuss the election results from a state and local tax perspective and what they mean for business executives. 

A new addition to the Transparent Idaho website is giving people an inside look at how their state and local tax dollars are being spent.

In this episode we are thrilled to welcome Nicole McClintock, the dynamic CEO of Taximize. Nicole shares her journey in the tax industry, revealing the hurdles and triumphs she encountered while establishing her innovative firm. We dive deep into the world of tax consulting, exploring how Nicole has built relationships with her clients and navigated the often complex state and local tax landscapes. Nicole provides a candid look at what it takes to succeed in this demanding field.Our conversation goes further into the impact of major tax changes and the critical importance of Nexus and compliance for businesses. Nicole offers invaluable practical advice for small businesses, which draws from her wealth of experience and expertise. She breaks down the intricacies of state and local tax complexities, making them accessible and actionable for you! This episode is packed with insights and actionable tips for anyone interested in the intricate world of tax. Don't miss this engaging discussion that promises to elevate your understanding of tax management and strategy.What you'll hear in this episode:[00:55] Introduction ofNicole McClintock, CEO of Taximize[02:00] Nicole's journey in the tax industry[03:30] Challenges and successes of starting Taximize[05:30] Consulting and building relationships[07:05] Navigating state and local tax complexities[09:15] Impact of major tax changes[11:15] The importance of Nexus and compliance[17:20] Practical advice for small businessesCheck out Nicole's classes https://macpa.orgConnect with Nicole https://www.linkedin.com/in/nmcclintockcpa/Connect with Kelly https://www.linkedin.com/in/kellyrohrs/Connect with Bilal https://www.linkedin.com/in/bmehanna/

PREVIEW: TAX CUTS: DEBT: Conversation with colleague Veronique de Rugy of Mercatus Center re: the State and Local Tax deduction as spendthrift and worse. More tonight. 1939 Stock Exchange

Local tax revenues in Japan in fiscal 2023 totaled an estimated 45,706.4 billion yen, up 1.2pctfrom the previous year, hitting a record high for the third straight year, the internal affairs ministry said in a preliminary report on Friday.

NewsRadio WFLA Anchor Chris Trenkmann runs through some of today's top stories, including a push from the Hillsborough County superintendent for a new tax to solve teacher shortages, the latest on the son of a Blue Jays pitcher critically injured after being struck by valet in Clearwater, and the rescue of a 5-year-old girl with autism by Hillsborough County Sheriff's deputies.

As Washington state Democrats push for a three-fold increase in property taxes to raise revenue for cities and counties, Rep. Chris Corry suggests he has “a better way that does not raise taxes." http://tinyurl.com/up4m8epc #TheCenterSquareWashington #PropertyTaxIncrease #RepChrisCorry #Taxpayers #WashingtonStateLegislature #2024LegislativeSession #HouseBill2336 #BudgetSurplus #DemocraticMajorityLeaders #WashingtonState #VancouverWa #ClarkCountyWa #ClarkCountyNews #ClarkCountyToday

In this episode of the SALTovation podcast, we continue our discussion with Richard Jones, attorney at Sullivan & Worcester, on recent landmark cases and their implications on tax policies and practices. Richard discusses two important state and local tax cases: Akamai and Bass Holdings. We delve into the complexities of determining whether a company is selling software or services, and the taxation implications. We also explore the concept of unitary business and its impact on apportionment. Listen as we provide valuable insights into the nuances of these cases and offer advice on navigating state and local tax issues. Tune in to gain a deeper understanding of these key topics in the world of taxation!Topics discussed in this episode:The pronunciation and role of Akamai in the technology and tax world, exemplify the challenges in classifying software versus services within taxation.The significance of the unitary business principle in SALT litigation and its application in recent tax cases, specifically referenced in the 'Vas Holdings' debate.An explanation of how court decisions can overturn long-standing tax policies, offering a fresh perspective on statutory interpretations and SALT applications.Richard's experiences in the courtroom, shed light on the strategies used in SALT litigation to secure favorable outcomes.The encouragement to question accepted tax policies and insights into the pendulum of taxpayer victories in recent SALT litigation.Quotables“Get a good tax advisor to know the difference between the tax rules that really shouldn't be challenged and those that might have some grounds for looking further into.” -Richard Jones [29:40]“The pendulum can change, though, if you get more aggressive positions taken by the Department of Revenue, you tend to have more success from taxpayers as long as there's not too much deference and some fresh looks at by the courts or the judges as to the proper application.” -Richard Jones [32:42]ConnectSubscribe on your favorite podcast app here.Follow us on LinkedIn and YouTube.Talk to a Tax Advocate Today!

In this episode of the SALTovation podcast, we speak with Richard Jones, an attorney at Sullivan & Worcester in Boston, specializing in state and local tax for over two decades. Richard dives into two significant Massachusetts court cases: Oracle USA Inc. and US Auto Holdings. In the Oracle case, the Massachusetts Supreme Judicial Court upheld the ability to apportion sales tax for software sales and clarified the parameters of the Commissioner of Revenue's authority. In the US Auto Holdings case, the court struck down the concept of "cookie nexus" and denied the state's ability to retroactively apply the Wayfair decision. Listen this week as Richard provides insights into the implications of these cases and their potential impact on other states.Topics discussed in this episode:State and local tax issues often involve unsettled and controversial areas, making them interesting and challenging for attorneys.Apportioning sales tax for software sales is a reasonable approach and should be considered in other states.The concept of "cookie nexus" is not valid, as physical presence requires something tangible.The Massachusetts Supreme Judicial Court's decision in US Auto Holdings prevents the retroactive application of the Wayfair decision.Quotables“Many states, like Massachusetts, have changed the definition of tangible personal property to say things that are tangible personal property plus software. We're just calling it a fiction. Fine. Okay. But what happens then is that now you have something that can be used simultaneously and exists simultaneously in many different states at the exact same time.That doesn't happen with the widget. So you have a new question.” -Richard Jones [09:57]“After the oracle decision, the floodgates opened for everyone filing abatement claims that didn't think they could before. And we've seen shifting sands in terms of the degree in which the department will be satisfied with the apportionment. I can't say I am happy with the way the sands have been shifting. Sometimes you can find out exactly what percentage of your employee headcount use the software and where they are because the software has a technology and sometimes you can't.” -Richard Jones [21:02]ConnectSubscribe on your favorite podcast app here.Follow us on LinkedIn and YouTube.Talk to a Tax Advocate Today!

In this episode of the SALTovation podcast, Stacey Roberts and Meredith Smith speak with hosts of the TaxChats podcast, Scott Dyreng, Professor of Accounting at Duke's Fuqua School of Business, and Jeff Hoopes, Associate Professor at Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. They discuss the $10,000 state and local tax (SALT) deduction cap and explore the impact of the cap on taxpayers, particularly in high-tax states. They discuss various strategies and issues related to SALT, the political dynamics surrounding the cap, potential future changes, and the complexities of filing taxes in multiple states. Topics discussed in this episode:The $10,000 state and local tax deduction cap and its impact on taxpayersThe cap's effect on business owners with income flowing through multiple statesImpact of the cap on taxpayers in high-tax states like California, New York, and New JerseyThe potential future of the salt cap and the political dynamics surrounding itWorkarounds implemented by some states to mitigate the impact of the capImplications of state income tax on personal salaries and employment taxesThe complexity of filing taxes in multiple states and the potential for double taxationQuotables“Another part that we haven't mentioned here is also very important is this deduction only exists for people if you itemize your tax itemize on your tax return. So that's like 90% of taxpayers don't itemize their tax return. And it's pretty much just like with income. So the 90% 90% of taxpayers the lower income people the 90% lower. So a lot of people don't itemize at all. This doesn't have any effect. So you're only starting with the 10% richest people. And then from there only the people that like exceed that $10,000.” -Jeff Hoopes [11:05]“It's kind of like letting the business pay the tax at the state level, not having it flow through and then only flowing through the after-tax amount. Whereas in the pre world, I was like flowing through the whole amount and being forced to pay a claim. It was like an individual thing. So it sort of converted it from an individual tax to a business tax.” -Scott Dyreng [21:37]ConnectSubscribe on your favorite podcast app here.Follow us on LinkedIn and YouTube.Talk to a Tax Advocate Today!

As we continue our discussion with Brad Scott, Director of Finance at Halstead Bead, Inc., an eCommerce wholesaler supplying jewelry businesses worldwide, Brad shares the challenges faced by small businesses in complying with state and local tax (SALT) regulations. He highlights the high costs of compliance and the potential consequences of non-compliance. Brad emphasizes the need for amnesty and a simplified and streamlined approach to help small businesses become compliant. He also calls for a centralized database of SALT rules and regulations to make compliance easier for businesses.Talking Tax Reform: https://taxfoundation.org/event/post-wayfair-remote-sales-tax-reforms/Guest Bio:Brad Scott is the Director of Finance at Halstead Bead, Inc., an eCommerce wholesaler supplying jewelry businesses worldwide. Halstead is a second-generation, family-owned, small business. Scott has been with Halstead for 21 years. He handles multi-state sales and income tax registrations, filings, reconciliations, and all other accounting for the business. Scott also leads Halstead's legislative advocacy efforts to achieve multi-state sales tax policy uniformity & simplification and is the Chairman of the Committee on Tax Policy at the American Catalog Mailers Association (ACMA). Halstead Bead, Inc. was the plaintiff in a lawsuit against the State of Louisiana, represented by Joe Bishop-Henchman and Tyler Martinez of the National Taxpayers Union (NTUF). Scott graduated from Michigan State University with a BA in Finance.Topics discussed in this episode:Compliance with SALT regulations is costly and time-consuming for small businesses.Non-compliance can lead to significant financial penalties and even the closure of businesses.Amnesty should be considered as a solution for businesses that are not currently compliant.A centralized database of SALT rules and regulations would greatly simplify compliance for businesses.Quotables“I think the solution is going to be unpalatable from a policy position, but from a humane position. Amnesty is something that has to be considered and it's going to have to come out of the state houses of regulation and legislation because coming from Washington is going to be seen as a preemptive attempt.” -Brad Scott [06:20]“You've got practitioners, you've got businesses, and you've got policymakers. All of them need to recognize the role they play in this. A lot of business owners are afraid of putting their hands up for fear of being audited. But the reality is, until the people that make the decisions understand the vastness of this problem, they're not going to address it. ” -Brad Scott [21:55]ConnectSubscribe on your favorite podcast app here.Follow us on LinkedIn and YouTube.Talk to a Tax Advocate Today!

This week on the SALTovation podcast we speak with Brad Scott, Director of Finance at Halstead Bead, Inc., an eCommerce wholesaler supplying jewelry businesses worldwide. Brad discusses the challenges and costs of sales tax compliance for small businesses. He shares his personal experience with the Wayfair decision and the impact it had on his company. He talks about the need for greater simplicity in tax policy to drive compliance and reduce the burden on small businesses. He proposes solutions such as a single audit per year from a designated taxing authority and a single rate model for states. Listen this week as we discuss the need for collaboration between business leaders and policy leaders to find effective solutions. Talking Tax Reform: https://taxfoundation.org/event/post-wayfair-remote-sales-tax-reforms/Guest Bio:Brad Scott is the Director of Finance at Halstead Bead, Inc., an eCommerce wholesaler supplying jewelry businesses worldwide. Halstead is a second-generation, family-owned, small business. Scott has been with Halstead for 21 years. He handles multi-state sales and income tax registrations, filings, reconciliations, and all other accounting for the business. Scott also leads Halstead's legislative advocacy efforts to achieve multi-state sales tax policy uniformity & simplification and is the Chairman of the Committee on Tax Policy at the American Catalog Mailers Association (ACMA). Halstead Bead, Inc. was the plaintiff in a lawsuit against the State of Louisiana, represented by Joe Bishop-Henchman and Tyler Martinez of the National Taxpayers Union (NTUF). Scott graduated from Michigan State University with a BA in Finance.Topics discussed in this episode:Sales tax compliance is a significant challenge for small businesses, requiring extensive time and resources.Simplifying tax policies and reducing the number of audits can drive greater compliance and reduce costs for businesses.The single rate model, as implemented in Texas, can significantly streamline sales tax collection and administration.Collaboration between business leaders and policy leaders is crucial to finding effective solutions for sales tax compliance.Quotables“There is an equal lack of awareness on the part of policymakers about what goes on within a small business, the challenges that we face, and what kind of resource drain they present. That has been the key focal point of our advocacy, bringing to bear the actual resource that we have to put into this and helping legislators to understand what a reasonable expectation is so that we can comply but also serve our customer base.” -Brad Scott [04:40]“If you start thinking about the sheer volume of businesses that are out there, I question how any state Department of Revenue could reach out to all of the businesses in every single state outside of their territory. It's just not a fair ask. So when you start talking about the sheer volume of communication that's not occurred, how many businesses are unaware of the Wayfair decision?” -Brad Scott [11:39]ConnectSubscribe on your favorite podcast app here.Follow us on LinkedIn and YouTube.Talk to a Tax Advocate Today!

This week on Watts Up Radio, host Rick Vaske talks about Understanding HOW you got to your electric Bill! The Sound of Solar Podcast will help you better understand the Solar market and the latest technologies. Rick will break down Federal, State, and Local Tax incentives for Solar, ROI, Solar Financing, EV Vehicles, and Charging. Hear from businesses and homeowners already enjoying the benefits of Solar. And so much more. Subscribe to WATTS Up Radio everywhere.

This week on Watts Up Radio, host Rick Vaske talks about Solar Pirates, Beware! The Sound of Solar Podcast will help you understand the Solar market nationally and globally, and learn about the latest technologies. Rick will break down Federal, State, and Local Tax incentives for Solar, ROI, Solar Financing, EV Vehicles, and Charging. Hear from businesses and homeowners already enjoying the benefits of Solar. And so much more. Subscribe to WATTS Up Radio everywhere.

Watts Up Radio is the Sound of Solar hosted by 12 year Solar Industry Professional, Rick Vaske to discuss the National and Global Solar market including:  - Insight on installation, products, and the latest technologies.  - Guidance on Federal, State, and Local Tax incentives for Solar and Energy Efficiency.  - Tips on strategic Return on Investment design and planning and Solar Financing  - Interviews with Top Manufacturers  - Discussions with current Solar Homeowners about monitoring and system maintenance and management - EV Vehicle integration and Charging And so much more.   Rick's Industry Creditials include:  - Tesla Certified - Enphase Certified - NABCEP Certified - IronRidge Certified Install Trainer - CEO of Solar Installation Company in Florida  - Owner/President of Solar Installation Company - Solar Sales Consultantant/Trainer - Off Grid System Design Professional - Author of NABCEP Associate Test Training Book

Will the full State and Local Tax deduction return? In today's Congressional Corner, Congressman Marc Molinaro of New York's 19th district continues his conversation with WAMC's Alan Chartock. This interview was recorded March 28.

Cleveland State University tax expert, Debby Geier, weighs in on House Bill 1, which would create a flat income tax among other changes.

State Credits & Incentives programs are offered by state governments to encourage economic development and investments in their state. These credits allow businesses an opportunity to reduce their tax burden, increase cash flow and make investments for growth and long-term success. All these credit and incentives programs are designed to benefit the local areas and give businesses an advantage in a competitive market.Melinda Young, State Credits & Incentives Director, and Nick Cousino, State Credits & Incentives Senior Manager, join Brooks Nelson, Partner and Strategic Leader, and Sarah McGregor, Tax Director, on this edition of the Tax Beat podcast to share insights on how your business can take advantage of these programs.Listen to learn more about:Background on the State Credits & Incentives PracticeCommonly Claimed State CreditsState Credits From Previous YearsState Credits TrendsInvestments and Job Creation With State CreditsImpact of Layoffs During COVID-19Minimum Business Investments to Benefit From State Credits & IncentivesSite Selection ServicesLocation Retention Incentives Impact of the Tax Cuts & Jobs Act (TCJA) On State Incentive Packages

The news of Texas covered today includes:Our Lone Star story of the day: Why appraisal caps are not the way to go to slow the growth in property taxes and why it would take Democrat support to pass lower caps. The aggregate increase in appraised value does not cause local governments to spend more each budget year. Generally, the only reason your property taxes go up is that your local governments that levy property taxes decide to spend more each year.Our Lone Star story of the day is sponsored by Allied Compliance Services providing the best service in DOT, business and personal drug and alcohol testing since 1995.RIP: Texas GOP pioneer Harry Whittington.Border: Texas' Operation Lone Star still struggling with incompetent execution. And this from NBC: Nearly 600,000 migrants who crossed the border since March 2021 were released in the U.S. with no immigration court dates.Missing prison guard/peace officer out of Eagle Pass.United Launch Alliance closing rocket building operations in Harlingen; 100 jobs lost – more than made up for by the massive SpaceX presence in Brownsville.And, other news of Texas.Listen on the radio, or station stream, at 5pm Central. Click for our radio and streaming affiliates. www.PrattonTexas.com

When it comes to family businesses, continuity is the key. And no one knows this better than the business owner who is looking to transition out of their business. Whether it's due to retirement, health concerns, or simply a desire to move on to something new, exiting a business can be complex and emotionally draining. Fortunately, there are a few things that business owners can do to help ensure a smooth transition. These are steps that business owners can take so that their family business can continue to thrive long after they've left it. Join Matt DiFrancesco and Nicholas Niemann, a family business continuity attorney and Partner at McGrath North Mullin & Kratz, as they talk about how to design and deploy critical actions that business owners need to grow, protect, and transition their family businesses - and end up with a strong “fourth quarter” in business and in life. They also talked about: (02:17) How Nick got into business continuity planning (03:33) What the “pioneer mindset” is all about (06:19) What fourth quarter planning means (11:49) How to address business owners who are not sure if they want to leave the business (14:08) The three key questions every business owner must be able to answer (15:09) How does the Business Model Canvas work? (15:50) Why business owners need to understand how their business model works (17:01) How does Nick help business owners identify what their primary business is? (19:55) The importance of understanding your WHY (21:47) The value of having a continuity plan in place (25:14) Why business owners need to start planning early Connect with Nicholas Niemann Websites: https://www.mcgrathnorth.com/ https://www.mcgrathnorth.com/attorneys/nicholas-k-niemann https://www.myfourthquartergameplan.com/ LinkedIn: https://www.linkedin.com/in/nick-niemannba635810/ Phone: +1 (402) 633-1489 Connect With Matt DiFrancesco: matt@highliftfin.com (814)201-5855 LinkedIn: Matt DiFrancesco LinkedIn: High Lift Financial Facebook: High Lift Financial About Our Guest: Nicholas Niemann grew up in a small midwest town in Quincy, Illinois where his family ran a number of family businesses. He studied at Creighton University College of Business in Omaha then went on to law school. His entire life, Nick's focus has been on companies with small middle market, family businesses, and largely the supermarket businesses that his family was involved in as he grew up. In 1983, he started working at the McGrath North Mullin & Kratz, PC LLO as a partner and practicing attorney. Nick has developed four principal areas of practice while with McGrath North namely: State and Local Tax and Incentives, Business Owner Succession and Exit Planning, Business Planning and Design, Family Estate Planning. Today, Nick enjoys working with family businesses of all types and sizes around the country. As a long-time business continuity attorney, he has also developed specific protocols for business continuity, succession, and exit planning and has worked with more than 900 CEOs around the country to help build a strong economic future for companies and the families which count on them. As a Succession Planning and Exit Planning attorney, he has authored books on Succession and Exit Planning (including his latest book, “Fourth Quarter First”).

Mayor Gloria Signs an Executive Order to Help Fight the Fentanyl Crisis, State Leaders Meet For a High Gas Prices Hearing, Team USA Advances in World Cup, Today is the Deadline to Claim Local Tax Refunds, Baby Product Green Sprouts Products Recalled, Sheena's First Alert Forecast, NBC 7 and Telemundo 20's invite you to join us for the Toys for Tots Drive See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of the SALT Shaker Podcast policy series, Eversheds Sutherland Partner Nikki Dobay welcomes back Stephanie Do, Senior Tax Counsel at Council On State Taxation (COST), for a discussion of COST's new mentorship program for SALT professionals. Stephanie provides an overview of COST's newly rolled-out mentorship program, how it was designed and why COST is uniquely positioned to make a mentorship program in the SALT community work. To conclude the episode, Stephanie provides insight into what she's watching legislatively as we go to into 2023.   Nikki wraps up the episode with another edition of a surprise non-tax question – what was your least favorite food as a child, and how do you feel about it now? The Eversheds Sutherland State and Local Tax team has been engaged in state tax policy work for years, tracking tax legislation, helping clients gauge the impact of various proposals, drafting talking points and rewriting legislation. Partner Nikki Dobay, who has an extensive background in tax policy, hosts this series, which is focused on state and local tax policy issues. Questions or comments? Email SALTonline@eversheds-sutherland.com. You can also subscribe to receive our regular updates hosted on the SALT Shaker blog.

In this episode of the SALT Shaker Podcast policy series, Eversheds Sutherland attorneys Nikki Dobay and Cat Baron tackle part II of their discussion about the need for a multistate Power of Attorney (POA) form and the progress being made in the quest to create one. In case you missed it, you can catch up on part I of their discussion here. For part II of the series, Nikki and Cat welcome Nicole Power, Research and Relationships Manager at Stripe Tax, as well as Scott Peterson, Vice President of U.S. Tax Policy and Government Relations at Avalara for a discussion of the significance of the project.  Nicole and Scott explain why streamlining the POA process is so critical. They also discuss what would be helpful from a states' perspective in order to embrace the proposed changes and next steps. Nikki wraps up the episode with their choice of a timely non-tax question – what are you going to dress up as for Halloween, or what's your favorite Halloween wine? The Eversheds Sutherland State and Local Tax team has been engaged in state tax policy work for years, tracking tax legislation, helping clients gauge the impact of various proposals, drafting talking points and rewriting legislation. Partner Nikki Dobay, who has an extensive background in tax policy, hosts this series, which is focused on state and local tax policy issues. Questions or comments? Email SALTonline@eversheds-sutherland.com. You can also subscribe to receive our regular updates hosted on the SALT Shaker blog.

Are you a working mom who is burnt out from the pandemic?  And you want resources?  Jamie shares:     - How she's able to manage her work while being a mom. - Why she's a self proclaimed constitutional law, tax law, and administrative law nerd.   - What it was like to be at NASDAQ during the 2018 financial crisis.   - The importance of having representative government reflecting actual constituencies that make up the community, especially during a pandemic.   - How to deal with the pink tax and mom penalty. - What to do when you don't have a village, and how to create a supportive mom community.   - The importance of believing in your worth and negotiating for the value you bring.     Connect with Jamie at www.linkedin.com/in/jamieszal.   To get weekly career tips, sign-up for our newsletter at www.careerunicorns.com.    

In this episode of the SALT Shaker Podcast policy series, Eversheds Sutherland attorneys Nikki Dobay and Cat Baron provide an overview of a project they have been working on for some time – a universal, multistate Power of Attorney (POA). Cat and Nikki have been working with various interested parties on the business side and are collaborating with the Multistate Tax Commission (MTC) on this project. This is the first episode of a two-part series that covers this issue. In this episode, Cat and Nikki speak to their experiences and frustrations with states' POA forms and discuss how the current draft form was developed, highlighting various aspects of the form. A current draft of the form and other materials can be reviewed at the MTC's website here. Cat and Nikki wrap up the episode with Cat's choice of a non-tax question – what's your favorite thing about the state of Texas, or what's your favorite fall drink? The Eversheds Sutherland State and Local Tax team has been engaged in state tax policy work for years, tracking tax legislation, helping clients gauge the impact of various proposals, drafting talking points and rewriting legislation. Partner Nikki Dobay, who has an extensive background in tax policy, hosts this series, which is focused on state and local tax policy issues. Questions or comments? Email SALTonline@eversheds-sutherland.com.

In the latest episode of the SALT Shaker Podcast policy series, host and Eversheds Sutherland Partner Nikki Dobay welcomes back a familiar voice in Doug Lindholm, President and Executive Director of the Council On State Taxation (COST), along with a new voice to the podcast, Professor Richard Pomp from the University of Connecticut School of Law. Together they discuss the State Tax Research Institute's (STRI) recent study, “Resisting the Siren Song of Gross Receipts Taxes: From the Middle Ages to Maryland's Tax on Digital Advertising.” The three engage in a lively discussion of the numerous reasons as to why gross receipts taxes are so gross, and why STRI and COST continue to fight these taxes across the country. They conclude with Nikki's surprise non-tax question – are you a cat or dog person? The Eversheds Sutherland State and Local Tax team has been engaged in state tax policy work for years, tracking tax legislation, helping clients gauge the impact of various proposals, drafting talking points and rewriting legislation. Partner Nikki Dobay, who has an extensive background in tax policy, hosts this series, which is focused on state and local tax policy issues. Questions or comments? Email SALTonline@eversheds-sutherland.com. You can also subscribe to receive our regular updates hosted on the SALT Shaker blog.

In the second episode of a two-part series, we continue our conversation with Paul Williams, Senior Tax Correspondent at Law 360, and our own Judy Vorndran. Paul discusses boomerang issues, which are when old concepts get new life in the court system, and trending issues across the nation.   Topics discussed in this episode: Halstead Bead's case in Louisiana and other cases related to home rule cities Wayfair's lawsuit against Lakewood for a $600K sales tax bill   What You Will Learn: [00:26] Halstead Bead's case in Louisiana and home rule jurisdictions [07:27] Wayfair's lawsuit against Lakewood [11:02] Trends from a litigation perspective   Quotables:   “There's a push and pull there is to how much power the local governments wanted to retain for the local tax collection versus what the sponsors thought that the state may need to do is what some would argue to comply with Wayfair.” - Paul Williams [02:53] “It's very interesting how we've given this authority to the locals, which I appreciate why they need it. I appreciate why our states need authority, because the federal government doesn't give them enough money, but it does create a lot of complexity in tax compliance.” - Judy Vorndran [06:04] “When you look at both Wayfair's case now and the Halstead Bead case, it does bring up the question of to what extent, if any, do home rule jurisdictions… what are limitations to their authorities potentially or what burdens can varying local rules create for companies that just want to comply with the Wayfair decision?” - Paul Williams [07:34] “Since Wayfair came down, and different practitioners we've talked to and different tax conferences we've reported on, practitioners have raised the question as to whether or not Wayfair gave local governments the authority to also impose economic nexus for sales and use tax.” - Paul Williams [08:17]   Relevant Links: Paul Williams on Law360: law360.com/tax-authority/search?q=reporter:%22Paul+Williams%22 Paul Williams on LinkedIn: linkedin.com/in/paul-williams-56183567

In this episode of the SALT Shaker Podcast policy series, host and Eversheds Sutherland Partner Nikki Dobay is rejoined by Jared Walczak, Vice President of State Projects at the Tax Foundation, to discuss the fall ballot initiative season. Jared shares his perspective about the fall ballot initiatives he's keeping an eye on, including those in Idaho, San Francisco, Massachusetts, California, Colorado and Oregon.   They conclude with Nikki's surprise non-tax question – what's the difference between a national park and a national forest? The Eversheds Sutherland State and Local Tax team has been engaged in state tax policy work for years, tracking tax legislation, helping clients gauge the impact of various proposals, drafting talking points and rewriting legislation. Partner Nikki Dobay, who has an extensive background in tax policy, hosts this series, which is focused on state and local tax policy issues. Questions or comments? Email SALTonline@eversheds-sutherland.com. Note: This episode was recorded on September 7, and following the recording, the proponents of the Idaho ballot initiative pulled it off the ballot.

Maine has blueberry taxes. Alabama has mosquito taxes. Each state and county has its tax quirks. But when state and local governments want to raise revenues, there are four key taxes they turn to. Depending on where you live, the differences in these taxes between states can be significant. Katherine Loughead, senior policy analyst, joins Jesse Solis to discuss trends we are currently seeing in state and local taxes and to break down how stable these revenue sources are for the places we call home.Links: https://taxfoundation.org/state-local-tax-collections/https://taxfoundation.org/mailbagSupport the show

In the first episode of a two-part series, we talk with Paul Williams, Senior Tax Correspondent at Law 360, and our own Judy Vorndran. Paul talks about how he selects which newsworthy topics to cover in the state and local tax universe. He also discusses boomerang issues, which are when old concepts get new life in the court system, and trending issues across the nation.   Topics discussed in this episode: How Paul determines what to report for Law360 Zilka v. Tax Review Board City of Philadelphia and why Paul felt this case was worth following   What You Will Learn: [00:44] Paul's initial thoughts on covering SALT [02:16] The hardest concept to grasp [04:59] How Paul determines what to report on [11:35] Zilka v. City of Philadelphia's Tax Review Board   Quotables: “I learned very quickly that there's a lot here in the state and local tax world, and I had to hit the ground running and get up to speed as quickly as I could.” - Paul Williams [01:59] “At the end of the day, it just comes down to news judgment as well.” - Paul Williams [06:20] “There's a large volume out there, but we do spend a good amount of time trying to track those to the extent we can, just to see as soon as something moves again. Maybe it's picked up interest in the legislature.” - Paul Williams [08:41] “It had a lot of elements there that just seem really newsworthy, and certainly we're dealing with a lot of complex multistate issues that the other taxpayers or tax practitioners are following.” - Paul Williams [14:32]   Relevant Links: Paul Williams on Law360: law360.com/tax-authority/search?q=reporter:%22Paul+Williams%22 Paul Williams on LinkedIn: linkedin.com/in/paul-williams-56183567

In this episode of the SALT Shaker Podcast, Eversheds Sutherland Associate Jeremy Gove welcomes Partner Jeff Friedman for a special edition of the podcast, filled with Jeremy's favorite concept – is something overrated, or underrated? This time, all of his questions deal with state and local tax, from P.L. 86-272 to digital advertising taxes. Plus, Jeff drops a special challenge for our listeners! Jeremy doesn't sway too far from the norm, and ends this episode with a non-tax overrated or underrated question – how do you feel about food expiration dates? Questions or comments? Email SALTonline@eversheds-sutherland.com. You can also subscribe to receive our regular updates hosted on the SALT Shaker blog.

In this episode of the SALT Shaker Podcast policy series, Eversheds Sutherland Partner and host Nikki Dobay welcomes Chris Wright, Senior Vice President of Advance SF. Before getting into the weeds on San Francisco's tax landscape, they cover the background of Advance SF and its mission to address issues that impact the ability of businesses and individuals to prosper in the city. Chris provides an overview of San Francisco tax system and how it has progressed over the last decade, including the substantial tax increases that took effect just before the pandemic. They also touch on how remote work during the pandemic has impacted the city's revenues and end with a discussion of a proposed ballot initiative that would tax certain retailers delivering goods into the city. Chris details where in the process this initiative is and the potential implications of this initiative if it passes. You can find more detail on that initiative here.  You can also read Advance SF's Middle Income Jobs Report here, which highlights how the city's economic recovery is lagging far behind comparable cities. They conclude with Nikki's surprise nontax question for the week — if someone was visiting your city, what's the one thing you recommend they must do during their stay? The Eversheds Sutherland State and Local Tax team has been engaged in state tax policy work for years, tracking tax legislation, helping clients gauge the impact of various proposals, drafting talking points and rewriting legislation. This series, which is focused on state and local tax policy issues, is hosted by Partner Nikki Dobay, who has an extensive background in tax policy. Questions or comments? Email SALTonline@eversheds-sutherland.com. You can also subscribe to receive our regular updates hosted on the SALT Shaker blog.

The Moneywise Guys Wednesday, June 22nd BE MONEYWISE. Moneywise Wealth Management I "The Moneywise Guys" podcast call: 661-847-1000 text in anytime: 661-396-1000 email: info@moneywiseguys.com website: www.MoneywiseGuys.com

Recent New York court rulings are changing the guidelines for business tax payers around information service, software as a service, and taxation of bundled and mixed offerings, In this episode, PwC professionals from the State and Local Tax practice analyze these recent rulings.Presenters:Jamie Brenner, State and Local Tax Partner, PwC USRob Morse, State and Local Tax Director, PwC US

Judge Napolitano is joined by Kristin Tate to discuss the latest Democrat spending bill that has passed the House of Representatives, yet appears to be dead on arrival in the Senate. The Judge and Kristin also discuss the taxing of the rich movement and the hypocrisy of Democrats offering SALT (State and Local Tax) deductions to the 1% in blue states. Finally, the two discuss Kristin's excellent article on the blue-collar crisis in America and how it potentially threatens our way of life. Kristin Tate is an opinion contributor for TheHill.com and writes about government spending. Follow her on Twitter @KristinBTate Kristin's latest book is "The Liberal Invasion of Red State America" and it is available on Amazon - http://amzn.to/3sz3ECc #KristinTate #JudgeNapolitano #SALTDeductionsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.