New Standards for Michigan Sales and Use Tax Nexus

Any company with sales in Michigan should consider how the new affiliate and click-through nexus standards for Michigan sales & use tax affect their tax liability. The new nexus laws could create a Michigan filing requirement for companies that did not previously have one. The new law approved by the

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Ohio Governor John Kasich Releases Budget Proposal

On Monday, February 2, 2015, Governor Kasich released a new budget proposal that would produce an estimated tax savings of $523 million over the next two years. The budget focuses on helping small businesses and shifting tax burdens from income to consumption of goods. Gov. Kasich described his proposed budget

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R&E Tax Credits for Investing in Your New ERP System

Research to develop computer software for internal use (internal use software) is excluded from the definition of qualified research for purposes of the Research and Experimentation Tax Credit (R&E). The IRS issued proposed regulations on January 16, 2015 on various aspects of internal use software. Whether software is not developed

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New 2014 Tax Filing Requirement – Form 3115

On January 16, 2015, the Internal Revenue Service filed Revenue Procedures 2015-13 and 2015-14.  These were released to give guidance on how taxpayers can apply for advance consent from the service for automatic and non-automatic changes in their methods of accounting. For 2014 tax filings, this has been a topic

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Medical Device Tax Repeal Gains Support

By Kristen Howard, CPA The medical device tax could be repealed by the end of March 2015. The medical device tax was designed as a way to pay for “Obamacare”. A new bill was introduced by Rep. Erik Paulsen (R-Minn.) that would eliminate the 2.3% tax and refund companies for

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