Michigan Sales & Use Tax Adopts Affiliate Nexus and Click-Through Nexus Laws
Posted by Sue Tuson on June 21, 2016
Sue Tuson
In an effort to increase sales and use tax revenues, Michigan has adopted Affiliate Nexus and Click-Through Nexus laws. The Michigan Department of Treasury recently released RAB 2015-22, explaining the Treasury’s interpretation of these new rules. “Nexus” is the connection necessary for a state to impose a tax. These new rules broaden the scope of businesses that will be subject to sales and use tax collection in Michigan. The affiliate nexus rules impact Michigan businesses that have an out-of-state parent or affiliate. For example, many foreign entities with established subsidiaries in Michigan will have affiliate nexus under these rules. Any direct …
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Transfer Pricing: Is Your Company Paying Its Fair Share of Taxes?
Posted by Alex Martin on June 14, 2016
On June 9, Clayton & McKervey Transfer Pricing Principal Alex Martin participated in a webinar produced by Butzel Long. Titled Transfer Pricing: Is Your Company Paying Its …
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Have Accrued Wages or Bonuses? Beware of IRC §409A
Posted by Sue Tuson and Nina Wang on June 14, 2016
Do you have wages or bonuses that were earned by employees or independent contractors but have not been paid to them after year-end? If you …
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Maximizing Tax Savings for System Integrators & Automation Companies
Posted by Tim Finerty and Sarah Russell on June 8, 2016
Clayton & McKervey Shareholders Tim Finerty and Sarah Russell hosted a webinar, "Maximizing Tax Savings for System Integrators & Automation Companies," produced by the Robotic Industries Association (RIA). The presentation discussed recent changes in legislation and the current eligibility requirements for companies interested in benefitting from R&E tax credits.
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Canadian Income Tax Implications for U.S. Employees Working in Canada
Posted by Kevin Johns and Greg Schulte on June 7, 2016
Regulation 102 Regulation 102 of the Canadian Income Tax Act requires employers to withhold 15 percent tax (additional 9 percent if services are performed in …
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Report of Foreign Bank and Financial Accounts (FBAR)
Posted by Sue Tuson on May 31, 2016
If you have a financial interest in, or signature authority over, a foreign financial account, including a bank account, brokerage account, mutual fund, trust, or …
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Filing Deadline Extended for Manufacturing Personal Property Tax Exemption
Posted by Margaret Amsden on May 20, 2016
May 31, 2016: New Extended Deadline for Eligible Manufacturing Personal Property (EMPP) Tax Exemption Filing The deadline for eligible taxpayers that failed …
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Manufacturing Personal Property Tax Exemption & the Essential Services Assessment
Posted by Margaret Amsden on May 19, 2016
Taxpayers that have properly claimed the eligible manufacturing personal property (EMPP) tax exemption by timely filing Form 5278 by February 22, 2016 can now view …
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Sales Tax Issues for Software Sales
Posted by Margaret Amsden on May 17, 2016
Are you in the business of selling software and similar products to consumers? Have you considered the different state rules on charging …
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Interest Charge Domestic International Sales Corporation (IC-DISC)
Posted by Sarah Russell on May 10, 2016
The United States has continually offered encouragement and support to domestic companies to promote export sales of domestically produced goods. One of the tools …
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