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Upcoming Events

November 8, 2018 : Steven A. Dimengo Ohio Society of CPAs Cleveland Accounting Show “Why You Need a Magic Wand”

November 13, 2018 : Steven A. Dimengo Tax Executives Institute Meeting “Wayfair presentation and succeeding in a tax practice”

Multistate Exemption Certificate Used to Support the Resale Exemption

March 4, 2011

All businesses engaging in interstate commerce should be familiar with the Multistate Exemption Certificate, which can be used to support the resale exemption from sales and use tax in a substantial majority of states. Although each state has its rules with respect to whether a particular sale is exempt, the Multistate Tax Commission has created… Read More

Ohio Department of Taxation Announces “Use Tax Education Program”

January 28, 2011

  Click here for the Department’s announcement.  For more information regarding why it is critical to act now, please see our prior post regarding the Department’s Use Tax Initiative.  

District Court of Colorado Delivers Injunction To Online Retailers

The U.S. District Court of Colorado entered an injunction against the Colorado Department of Revenue yesterday in favor of the Direct Marketing Association which is a global trade organization that includes Amazon, Inc.  Essentially, the ruling bars the State of Colorado from enforcing a recent statute requiring out-of-state vendors to notify in-state customers of their… Read More

ACTION REQUIRED / LIMIT OHIO USE TAX EXPOSURE

January 24, 2011

Any Ohio business not consistently filing an Ohio use tax return is exposed to an Ohio Department of Taxation (“Department”) investigation. If any of the following apply, and you do not regularly file an Ohio use tax return, immediate action is required: Purchases from non-Ohio vendors that do not collect Ohio sales tax; Taxable purchases… Read More

Iowa Supreme Court Fries the Colonel for $250M

January 13, 2011

The Iowa Supreme Court recently handed down a decision in the case of Kentucky Fried Chicken v. The Iowa Department of Revenue and Finance, affirming the imposition of Iowa’s corporate income tax on KFC, despite lacking a physical presence in the state. The price tag for KFC was nearly a quarter billion dollars.  KFC, which… Read More

Ohio’s Business Tax Climate Ranked In the Bottom Five by The Tax Foundation

December 21, 2010

Annually, The Tax Foundation ranks the 50 states according to how friendly their tax climate is to businesses. A friendly tax climate can be especially beneficial in difficult economic times, like the present, by attracting new business to the state thereby creating economic and job growth. “Taxes matter to business. Business taxes affect business decisions,… Read More