The Tax Exchange - November 2017
Reminder: Florida commercial renters should review their rent payments
Earlier this spring, Florida Gov. Rick Scott signed House Bill 7109, providing for a reduction in the real property rental sales tax effective Jan. 1, 2018. Lessors and lessees of commercial real property should review their current or upcoming real property rental payments to confirm the correct state tax rate is charged.
IRS starts assessing employer shared responsibility payments
The IRS intends to start assessing large employers with shared responsibility payments if their health plans are not compliant with the Affordable Care Act (ACA). The IRS expects to send letters before Dec. 31, 2017, to assess payments for 2015. Review any assessments carefully.
US companies with expatriates should consider the new tax proposals
As new tax bills are proposed and debated, U.S. companies may want to explore the effect on their expatriate workforce, particularly with respect to global mobility.
D.C. modifies qualified high tech company indirect tax exemption process
Effective Nov. 1, 2017, the District of Columbia Office of Tax and Revenue has revised the Qualified High Tech Company (QHTC) sales and use tax compliance process as part of the District’s overall tax modernization efforts.
Should Ohio businesses opt in to the state-run municipal tax system?
One of the standout changes enacted by Ohio's House Bill 49 was a new election to participate in the Ohio Department of Taxation’s central administration of municipal net profits tax returns beginning in 2018. How do you decide whether to participate?