The standard in determining whether a state tax law applies to an activity depends on whether that activity has “substantial nexus” with the taxing state. Previously, physical presence has been used as the standard in determining economic nexus with a state. However, on June 21, 2018, in the case of South Dakota v. Wayfair, the …
Starting in 2016, companies can offset R&D credit against payroll taxes. Even if the business doesn’t have any income tax liability, you can still use the credit to get refunds against for up to $250,000.
On November 1, 2016, Bailey Murphy + Scarano became Bailey Scarano. This new name reflects our past, our growth, and our success as a firm. The Bailey family has been providing quality accounting services for three generations. In fact, our firm has recently reached the major milestone of 100 years in business! Today, under the leadership …
Bailey Scarano: 100-Year-Old Accounting Firm Gets New Name Read More »
Here’s what you need to know about calculating 2015 property tax credits, from the CT Department of Revenue Services (DRS).
There are several things to take care of tax-wise before the end of 2015. Click for a nice concise list.