Indiana Market Based Sourcing Rule: Changes and Impact on Apportionment
Signed May 1, 2019, Indiana Senate Bill 563, adopts market-based sourcing rules and also makes certain other changes to Indiana’s apportionment provisions, effective retroactively for tax years beginning after December 31, 2018. Physical presence is not required to establish nexus for Indiana corporate income tax purposes (effective January 1, 2019).
Proposed Opportunity Zone Rules: Round II, Part II
Part II: Changes/Updates for Real Estate Investments This blog post is the second in our series regarding the second round of proposed rules that were recently released by the IRS. Read part one here. Our blog will focus specifically on the proposed rules as they related to investments in
Ohio’s Proposed Tax “Cut” is Bad News for Business Owners
On May 9, 2019, Ohio’s House of Representatives passed House Bill 166 by a vote of 85-9. This is a two-year state budget bill that, if passed in it’s current form by the Senate and signed by the governor, will make several significant changes to Ohio tax law. The House
Construction Firms See Expansion in the First Half of 2019
2019 began with expansion for the construction industry, a recent Associated Builders and Contractors, Inc. (ABC) study reports. According to ABC, nonresidential spending totaled $762.5 billion for January 2019, which represents an increase of 4.8 percent over January 2018. Similarly, FMI’s recent first quarter 2019 report indicated the engineering
Proposed Opportunity Zone Rules: Round II, Part I
Part I: Much needed Guidance for Start-Ups and Operating Businesses The IRS and Treasury issued a second round of proposed rules on April 17, 2019. The second round of Qualified Opportunity Zone (QOZ) guidance includes a total of 169 pages covering topics ranging from additional definitions of the commonly used
Acquisition Funding: One Size Does NOT Fit All
Historical Acquisition Funding For decades, a common funding method for private company acquisitions has been term loans obtained from commercial banks, a form of “senior” financing. This financing is generally supported (collateralized) by a pledge of all business assets of the company. These loans carry a stipulated interest rate, and