Insights by Author: Ellyn Cole

CA Implements Wayfair Sales Tax Decision

January 17, 2019

Another important deadline will make an entrance in April next year. Effective April 1, 2019, the…

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Court Overturns Physical Presence Standard in Sales Tax Decision

July 11, 2018

With the surge of online shopping dominating the retail space, a recent U.S. Supreme Court 5-4…

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Update: Tax Reform Moving Through Congress

November 22, 2017

In last month’s newsletter, we gave a brief overview of the Trump administration’s tax reform proposal,…

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Safe Harbor Benefits Restaurant and Retail Industry

July 22, 2016

There has been a lot of discussion surrounding Tangible Property Regulations—from implementing the new regulations to…

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Tax Deadline Reminder: FBARs Due by June 30

June 3, 2015

The deadline is fast approaching for certain taxpayers to report accounts they hold in foreign banks…

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Reduced Restrictions on In-Plan Roth Rollovers

March 25, 2013

Among the changes and extensions in the recently enacted American Taxpayer Relief Act of 2012 (“Act”),…

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Three Strategies That Add Flexibility to Your Estate Plan

September 24, 2012

In recent years, estate planning has been complicated by uncertainty over the future of the federal…

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SAS 136: Preparation before year end

As previously communicated, Statement on Auditing Standards (SAS) 136, Forming an Opinion and Reporting on Financial ...
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On Your Mark, Small Businesses: Get Set to Reserve the 2021 Main Street Hiring Credit

The Main Street Hiring Credit has been reenacted for 2021, bringing financial relief to small businesses ...
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What To Know About the New Lease Accounting Standard

Every day that passes marks less time for private companies to get ready for ASC 842, ...
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Credit for Other Dependents: A CTC Alternative

The IRS is reminding families about the Credit for Other Dependents, a tax credit available to taxpayers for ...
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Document Management and Recordkeeping for Nonprofits

If you work for a nonprofit that's funded by grants or donations, you need to keep ...
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Estate Planning for High-Net-Worth Individuals

President Biden's proposed infrastructure plan does not explicitly raise estate taxes. Instead, it ends the step-up ...
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The Future of Global Minimum Tax and Multinational Corporations

The "race to the bottom" of international tax rates may soon come to an end. The ...
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How to Claim the Employee Retention Tax Credit

Congress created an employee retention tax credit to retain employees on their payroll during the pandemic. ...
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Child Tax Credit Advances Start July 15

On July 15, 2021, the IRS will start sending monthly child tax credit payments to qualifying ...
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Are You Ready To Retire Early?

Maybe your job, even your entire sector, has disappeared in 2020's economic turmoil. Or perhaps you ...
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Accounting Tips to Benefit Your E-Commerce Business 

E-commerce marketplaces popped up in the early 1990s and have been on the rise ever since. ...
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A New Frontier in Cryptocurrencies: What are NFTs?

Non-fungible tokens — a player in the shadowy cryptocurrency world — have increasingly been making their ...
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