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Archive for United States

Colorado Department Of Revenue Asks Supreme Court “Should Quill Be Overturned?”

Alan Smith

No! Overturning Quill Corporation v North Dakota, 504 U.S. 298 (1992) would mean retailers throughout the United States would have to collect, report and remit sales tax for all other states with a sales tax even if the retailer has no physical presence in the other states.

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An Interesting Look At Sales Tax And Legal Marijuana

Monika Miles

Although the presidential campaign seemed to dominate headlines earlier this month, there was another proposition that passed in California (as well as a handful of other states): recreational marijuana became legal. What does this mean for the Golden State’s sales tax revenue? And how will it affect other industries? I thought it would be worth taking a look at what other states have done and how California may proceed in the coming months.

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Georgia’s State Tax Climate Is Attractive

monikanov17

The last of the original thirteen colonies is Georgia, the Peach State. Georgia is also known as the Empire State of the South. The state has varied terrain with mountains and natural rock in the northwest, urban areas, forest in the southern part and farmland.

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California’s Prop 55 – Poor Tax Policy

annettenellennov

California’s tax hike, Prop 55 on the 11/8/16 ballot, passed (62-38). Its story dates back to 2012.

In 2012, a need for revenue led voters to enact two temporary tax increases (Proposition 30). The state sales tax was increased from 7.25% to 7.50% for four years (2013 through 2016). Also, new personal income tax brackets (10.3, 11.3, and 12.3 percent) were added to the existing top rate of 9.3 percent for seven years, starting at income levels greater than $250,000. The income tax rate increase was retroactive back to January 1, 2012.

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Marijuana Taxes And Revenue For The States

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There were numerous tax initiatives on ballots across the United States this year. One of the major tax initiatives was the legalization of marijuana and its subsequent taxing in eight states during the 2016 November election. Prior to the November elections, there were 26 states and the District of Columbia who legalized the use of marijuana, whether in the form of recreational use or medical use only. Now,California, Massachusetts, Nevada and Maine have all voted to allow the use of recreational marijuana. (As of now, the margin of victory in Maine is less than 1.5%, which means there will be a recount that does not affect the taxpayers.)

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Los Angeles – Last Chance! – CPA Practice Growth Seminar – November 11-12

Salim Omar

In 1996, feeling unfulfilled and tired of corporate politics and a long commute, Salim left a “cushy” corporate, CFO position with a corner office to fulfill his mission of starting his own CPA firm. He soon found out that this was no easy task, and he struggled with low-paying clients, poor cash flow and a high employee turnover.

After going $100,000 into debt, Salim made it his mission to transform his struggling practice into a highly profitable, 12+ person firm that it is today. Best of all, he works only a few days a week while his practice continues to thrive.

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Make The Change Your CPA Firm Needs – Seminar – Los Angeles November 11-12

Salim Omar

In 1996, feeling unfulfilled and tired of corporate politics and a long commute, Salim left a “cushy” corporate, CFO position with a corner office to fulfill his mission of starting his own CPA firm. He soon found out that this was no easy task, and he struggled with low-paying clients, poor cash flow and a high employee turnover.

After going $100,000 into debt, Salim made it his mission to transform his struggling practice into a highly profitable, 12+ person firm that it is today. Best of all, he works only a few days a week while his practice continues to thrive.

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Grow Your CPA Practice Seminar – Los Angeles, CA – November 11-12 – Earn 14 CPE Credits

Salim Omar

In 1996, feeling unfulfilled and tired of corporate politics and a long commute, Salim left a “cushy” corporate, CFO position with a corner office to fulfill his mission of starting his own CPA firm. He soon found out that this was no easy task, and he struggled with low-paying clients, poor cash flow and a high employee turnover.

After going $100,000 into debt, Salim made it his mission to transform his struggling practice into a highly profitable, 12+ person firm that it is today. Best of all, he works only a few days a week while his practice continues to thrive.

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Grow Your CPA Practice – Live Seminar- Los Angeles, CA – November 11-12 – Earn 14 CPE Credits

Salim Omar

In 1996, feeling unfulfilled and tired of corporate politics and a long commute, Salim left a “cushy” corporate, CFO position with a corner office to fulfill his mission of starting his own CPA firm. He soon found out that this was no easy task, and he struggled with low-paying clients, poor cash flow and a high employee turnover.

After going $100,000 into debt, Salim made it his mission to transform his struggling practice into a highly profitable, 12+ person firm that it is today. Best of all, he works only a few days a week while his practice continues to thrive.

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Important California State Tax Credits And Incentives Updates

Monika Miles

Are you trying to pursue California’s state tax credits and incentives? If so, there are three recent updates you may want to know about: State Tax Credit and Online Reporting Requirements, Film & Television State Tax Credit Application Dates, and Film & TV Credit Expenditures and Payroll.

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CPA Practice Growth And Freedom Seminar – Los Angeles, CA November 11-12 (14 CPE Credits)

Salim Omar

Salim Omar’s goal with the “CPA Practice Growth and Freedom” Intensive is to SHOW YOU (side-by-side in the trenches) how to create a CPA Firm that allows you to dramatically increase the income you earn, to work when and how you want, that gets you quality clients you love working with… and that enables you to live a life of massive personal freedom.

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West Virginia: Focus On Tax Climate

Monika Miles

Known for its mountainous landscape and rolling hills, this month we travel east to West Virginia. The state has a rich history and is embedded in the Appalachian Mountains.

West Virginia is known for a wide range of outdoor recreational activities, such as skiing, whitewater rafting, fishing, hiking, backpacking, mountain biking and hunting. For something on the calmer side, the state offers many golf courses.

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