On June 21, 2018, the Supreme Court overruled Quill Corporation v. North Dakota (a 1992 Supreme Court decision) with their decision in South Dakota v. Wayfair Inc. It is likely that much of Sales and Use Tax Bulletin 2019-01 will become part of a new legislative package.
Due to a drafting error in the new tax law, the cost recovery for interior building improvements placed in service in 2018 is currently 39-years with no bonus depreciation.
Every year, IRS scams continue to become more detailed as they evolve in their attempts to obtain our personal information. Take action and learn what to look for to better protect your assets in our latest piece of thought leadership.
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law. This legislation is the most sweeping change in federal tax law in the last thirty years.
While federal tax reform is still being debated, Pennsylvania has enacted several tax changes in an effort to close the state's multi-billion dollar budget shortfall. On October 30, 2017, House Bill 542 was signed into law as Pennsylvania Act 43 of 2017.