August highlights from The MWE Advisor: The landmark case of South Dakota v. Wayfair opens the door for states to impose sales and use tax on remote sellers. C Corporations have options to reduce their federal income tax bill for 2018.
What’s Next for State Tax Nexus?
Internet commerce has become increasingly common over the last 25 years. But until recently, the legal standard for establishing economic “nexus” for state tax purposes was based on a case from 1992. On June 21, the U.S. Supreme Court published its decision in Wayfair. This landmark case opens the door for states to impose sales and use tax on remote sellers.
How Tax Reform Affects Tax Planning for C Corporations
From a reduced corporate tax rate to expanded depreciation breaks, the Tax Cuts and Jobs Act (TCJA) provides a host of favorable changes for C corporations, including personal service corporations. Here are some specific moves that can help reduce your corporation’s federal income tax bill for 2018, along with some traditional tax-planning priorities that still hold true after tax reform.