New York – NYC could face significant tax revenue losses over remote work

New York City could lose out on millions of dollars’ worth of revenues from its Unincorporated Business Tax as businesses shift operations out of the Big Apple during the coronavirus pandemic. The UBT is a 4 percent tax levied on taxable income allocated to New Continue reading New York – NYC could face significant tax revenue losses over remote work

Rhode Island –No Nexus for Remote Work, Equipment in State (ADV 2020-24)

ADVISORY FOR TAX PROFESSIONALS  Direct from the Rhode Island Department of Revenue Division of Taxation:  May 28, 2020 “For the duration of Rhode Island’s coronavirus state of emergency, the Rhode Island Division of Taxation will not seek to establish nexus Continue reading Rhode Island –No Nexus for Remote Work, Equipment in State (ADV 2020-24)

Multistate – Teleworking During Pandemic Creates Tax Quandary for Companies

With no clear end in sight to teleworking during the pandemic, tax advisers are trying to prevent their clients from being surprised by a potential spate of new state and international taxes. Workers stranded or sheltered in states or countries Continue reading Multistate – Teleworking During Pandemic Creates Tax Quandary for Companies