Insights

State & Local Tax (SALT)  |  By Chris Vignone, MBA

News From the SALT Minds-Mar, 20, 2014 - California Levels the Playing Field

Summary.  Last Summer California enacted a new law allowing a partial sales tax exemption for certain manufacturing and research and development purchases. California is trying to level the competitive playing field with many other states that have...

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Estate Planning Mistakes to Avoid

Oscar-winning actor Philip Seymour Hoffman’s tragic death offers a lesson in estate planning mistakes to avoid. He left an estate reportedly worth $35 million to the mother of his three children, but due to improper planning she is likely to face a...

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State & Local Tax (SALT)  |  By Chris Vignone, MBA

News From the Salt Minds-March 10, 2014-The Impact of California Prop 39

Summary. As accountants begin to prepare corporate income tax extensions this month many are realizing that clients with revenue from services or intangibles may be subject to California franchise (income) tax starting in 2013. This is a result of...

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State & Local Tax (SALT)  |  By Chris Vignone, MBA

News From the SALT Minds-March 4, 2014

Summary.   New Jersey is offering two new voluntary disclosure initiatives for partnerships with New Jersey sourced income that have not remitted the taxes due and for companies that have received income from the use of intangible assets in New...

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