Posted on April 10, 2025 by
Luke Lucas
The $10,000 annual cap on state and local tax (SALT) deductions introduced to the tax code in 2017 during President Trump’s first term is set to expire at the end of 2025. That could be good news for top-earning taxpayers in high-tax states, including California, Connecticut, New Jersey and New York, who have had to […]
Posted on March 25, 2025 by
Karen Lake
Nexus is a minimum connection businesses have with a particular state that can activate state and local tax (SALT) obligations. Managing SALT compliance can be especially challenging when considering that tax rates, the criteria for creating nexus and the standards for imposing state income, sales and franchise taxes vary widely from one state to the […]
Posted on March 20, 2025 by
Luke Lucas
In this episode, Associate Director of Tax Services Luke Lucas, CPA, shares often overlooked state and local tax issues, deductions and credits.
Posted on June 27, 2024 by
Karen Lake
During July 2024, consumers in Florida can purchase recreation equipment, outdoor items and admissions to entertainment and cultural events within the state without paying state sales tax. The state’s legislature passed the annual Freedom Month Sales-Tax Holiday to help make it more affordable for families to enjoy all that the Sunshine State has to offer […]
Posted on May 23, 2024 by
Luke Lucas
Effective June 1, 2024, Florida sales tax on rent and license fees for commercial property will be reduced from 4.5 percent to 2.0 percent, representing an estimated $1 billion in tax relief for Florida businesses. Florida is one of nine states that does not impose income tax on its residents, but it is also the […]
Posted on May 05, 2022 by
Karen Lake
In this episode Director of Tax Services Karen Lake shares information about SALT, state and local tax credits, work opportunity tax credits and more.
Posted on September 16, 2021 by
Karen Lake
Despite a strong economic recovery since the start of the COVID-19 pandemic, businesses of all sizes are struggling to find and hire ample staff to keep up with demand. For some, relief has come by expanding their pool of potential employees to include veterans, ex-felons and other individuals who typically face significant barriers to employment. […]
Posted on April 23, 2021 by
Karen Lake
Under a newly enacted Florida law, out-of-state retailers will need to begin collecting and remitting sales tax on purchases made online by residents within the state beginning July 2021. Previously, online retailers were not required to remit sales tax to the state, thereby providing them with an unfair competitive advantage over Florida’s brick-and-mortar businesses that […]
