America exercised their right to vote on Tuesday and late into the wee hours of Wednesday morning, a President-Elect was announced. Donald Trump will be sworn in as our President of the United States in January of 2017. Many times this campaign season, I heard the candidates harp more on
On October 20, 2016, Jay Rammes and Cheryl Ganim of Barnes Dennig joined Associated Builders and Contractors in a meeting with Commissioner Testa to discuss areas of Ohio taxation that are particularly challenging to the construction industry. The Commissioner requested the meeting as he begins his preparation of the upcoming
Under Illinois law, an out-of-state retailer is subject to “click-through” nexus if an Illinois resident is compensated by the retailer for sales made via links or promo codes on their website or blog. Even if the out-of-state retailer has no physical presence in Illinois, they will still be considered to
Businesses routinely develop new or improved proprietary internal use investment or valuation models, proprietary financial software, improved software algorithms for security, and new coding to improve speed and functionality. Internal use computer software (IUS) that is developed by (or for the benefit of) the taxpayer primarily for back-office functions is
With Election Day getting closer, the campaigns for political candidates are in full swing. Exempt organizations must tread carefully, though, because IRC §501(c)(3) states that exempt organizations may “not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition
The method for valuing inventory is a big decision for any manufacturer or wholesaler/distributor. The system you choose can have large effects on your financials and your taxes. To determine which method of inventory makes most sense for you, you must first understand the difference between the two types of