The CBD Blog

Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.

Sales Tax: Supreme Court Ruling Affects Retailers and Consumers

On June 21, the U.S. Supreme Court issued a ruling overturning a 1992 precedent that had barred states from requiring online retailers without a “physical presence” there to collect sales taxes. The ruling is expected to hurt online retailers and help brick-and-mortar stores. Going forward, this decision will present numerous challenges to businesses of all sizes that sell products online.

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IRS Encourages Taxpayers to Check Withholding

The Tax Cuts and Jobs Act is a game changer for many U.S. households. Most people will owe less tax under the new law but some people will owe more. Many taxpayers are unsure whether their current 2018 withholding and estimated quarterly payments will be sufficient. Here’s an overview of the provisions that might affect your withholding and scenarios that might require a “paycheck checkup.”

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Tax Reform: What’s Changing for Individuals?

A new set of rules will apply when you file your 2018 tax return next spring, thanks to the Tax Cuts and Jobs Act. The changes for individual taxpayers are sweeping, but most expire at the end of 2025. Unfortunately, many people are unclear about what’s changing and how it might affect their tax obligations. Here’s a list of 30 major tax issues to consider as you plan for the 2018 tax year.

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Will States Conform to the New Tax Rules?

Federal tax laws traditionally serve as the basis for many state tax laws. This year, in light of major federal tax reforms, some state legislators face a tough question: Which provisions of the Tax Cuts and Jobs Act should we conform to and which should we decouple from? Here are some key provisions of the new law that must be addressed and how each change might affect your state tax bill.

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New Tax Benefits of Hiring Your Kid

For years, there have been federal tax incentives for business owners to hire their children (or grandchildren) over the summer or during the school year. But the deal has gotten even sweeter under the recent tax law. Here, we discuss the tax breaks that are available for hiring your kids, along with a strategy to give your kid a sizable nest egg in retirement and a life lesson about planning for the future.

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