State And Local Tax Blog

Blogs April 18, 2017 New York’s Enacted 2017-2018 Budget Contains Significant Personal Income Tax Provisions

The 2017-2018 Budget signed by New York Governor Andrew Cuomo on April 10, 2017 contains a number of significant provisions modifying the New York State personal income tax.

Blogs February 21, 2017 Deep in the Heart of Texas’s Corporate Franchise Tax

A Texas Franchise Tax Report year is typically 1 year ahead of the federal income tax return year. Utilizing the incorrect accounting period or filing the wrong year report can cause you to waste time and effort addressing administrative notices.

Blogs January 13, 2017 Connecticut’s Highest Court Upholds Tax on Nonresident Stock Options

In December 2016, the Connecticut Supreme Court issued a decision (Allen v. Commissioner) that may have far-reaching implications for the taxation of out-of-state residents.

Blogs January 12, 2017 Accelerated Deadlines for Filing 2016 1099s and W-2s

With the 2016 filing season drawing near, we wanted you to know that the Protecting Americans from Tax Hikes Act of 2015 has accelerated certain deadlines for filing information returns for hired workers.

Blogs November 28, 2016 Update: Christie to Continue NJ/PA Reciprocal Tax Agreement

Governor Christie announced that he will not terminate the 40-year agreement between New Jersey and Pennsylvania covering personal income taxes.

Blogs October 31, 2016 Last Chance to Apply for NJ’s Angel Investor Tax Credit for 2016

Attention emerging technology businesses. Individual and entity investors may be eligible for a tax credit. The credits can be used against entity business or gross income taxes.

Blogs October 17, 2016 NJ Increases Gas Tax for First Time Since 1988

On October 7, the New Jersey Senate and the Assembly voted to increase New Jersey’s gasoline tax from 14.5 to 37.5 cents. The jump, the state’s first in 28 years, will take the state’s gas tax from second lowest to sixth highest in the nation.

Blogs May 26, 2016 NJ Businesses Getting a $380 Million Tax Break

New Jersey businesses got some more good news after the Governor added another $180 million to his April announcement of $200 million in payroll tax relief. This represents the largest cut to unemployment business taxes in modern NJ history.

Blogs January 21, 2016 Turn Your Health Savings Account into an IRA on Steroids

Health savings accounts (commonly referred to as HSA) have grown in popularity over the past few years, especially in light of the Affordable Care Act. The beauty of HSA accounts is that you can get a deduction for contributions to the health savings…