Generally speaking, if you have a physical presence in a state, you must register with that state and file tax returns. It becomes more complicated if you sell into a state where you don’t have a physical presence. The purpose of this article is to make you aware of the need to evaluate your operations to determine if you have multi-state filing and registration requirements.

This document is all-inclusive and was drafted to allow our clients to comply with this law without taking hours to draft this policy from scratch. It covers all of the requirements of the regulation – providing a general summary, then discussing the various types of assets that you may encounter with your business, capitalized interest, leases, and asset disposal.

By: Charles L. Telk Jr., CPA, Partner  |  email Recently we have seen a new type of IRS notice that I have not previously seen in my 28 years of practicing public accounting. The IRS sends a letter to a corporation assessing additional tax on “unreported income”. The source of this unreported income are 1099’s...

Recently some taxing agencies have become very aggressive with their enforcement actions. These agencies send out questionnaires to taxpayers which are designed to determine if the target taxpayer should be filing tax returns (income, sales, payroll, etc.) in their jurisdiction.

State chartered credit unions should compare these lists to their products they currently offer to determine which products should be subject to UBIT, but more importantly, how the credit unions could benefit from this new directive by maximizing fee income.

Firms participating in the Peer Review Program must have an independent review of its accounting and auditing practice every three years. Its peer review rating of pass indicates Gardiner Thomsen meets the accounting profession’s high standards of quality and professionalism. If requested, the firm will provide a copy of the report on the results of the review to all interested parties.