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Section 1245

Section 1245 and 1250: Understanding Depreciation Recapture for Building Owners 

Navigating the complexities of tax law in real estate can be challenging, even for experienced investors. However, when managed effectively, these laws offer significant benefits. Two crucial areas to comprehend are Section 1245 and Section 1250 depreciation recapture, as they can substantially impact tax liabilities when selling a property. A solid understanding of these rules […]
Vineyards and Wineries

Navigating Sales and Use Tax Requirements for Vineyards and Wineries

Managing a vineyard or winery goes beyond crafting exceptional wine, it involves navigating a maz...

Stay Compliant: The Importance of Exemption Certificates

In the United States, businesses engaged in the sale of goods and services are generally required...

The Benefits of Outsourcing State and Local Tax Compliance for Businesses

In the complex landscape of modern business, staying compliant with state and local tax regulatio...

Wayfair ruling

Navigating The Wayfair Ruling: Lessons for CPA Firms

In the complex landscape of business and taxes, Certified Public Accountant (CPA) firms and their...

Tennessee’s Franchise Tax Overhaul: What Changes and What Does It Mean ...

Discover how Tennessee's recent legislative reforms are reshaping the Tennessee's franchise tax l...

Shifting Tax Terrain: Latest Updates from Texas

Shifting Tax Terrain: Latest Updates from Texas 

Overview: Recent updates in Texas franchise and sales tax regulations have left taxpayers grappli...

Image of women working in shipping facility

Freight (Shipping) Taxability

State tax laws in the United States are far from uniform, creating a challenging landscape for bu...

Hidden Dues: The Tax Puzzle of Drop Shipping

Drop shipping offers various advantages in the e-commerce world, but it comes with a hidden sales...

Ohio Commercial Activity Tax

Navigating the Changes in Ohio’s Commercial Activity Tax (CAT): A Brief Guide...

Ohio's Commercial Activity Tax is an annual privilege tax measured by gross receipts on business ...

Navigating the SALT Maze: State and Local Tax Developments from 2023

State and local tax laws are continuously evolving. To thrive in this complex tax environment, bu...

Ethical and responsible purchasing charter

Sales and Use Tax Audits

Find where sales and use tax audits happen, why they happen, how much they could be and the solut...

Evaluating SALT Impact: Five Years of Wayfair Ruling

The Wayfair ruling has led to changes in the way that businesses comply with state and local sale...