Life can be expensive, and one of the most common ways to help mitigate the expenses of everyday living is a side hustle. We are exposed to many different sides hustles each day, some we might not even realize are opportunities. However, side hustles or extra streams of income can pose some serious potential tax implications.
Read MoreWe are all well aware that due to temporary closings of offices and businesses and stay-at-home orders issued across the United States during the Coronavirus pandemic, many businesses implemented temporary work-at-home options for employees. Many states announced temporary relief regarding a business's establishment of nexus solely because an employee is temporarily working in a different work location due to COVID-19. So, now that in some ways, the pandemic is over and there has been an adjustment period for businesses, remote employees are starting to create tax issues!
Read MoreDid Will Smith really slap Chris Rock, or was it all a publicity stunt? That was the major question following the Oscars last month. However, we had another question on our minds. When events like the Oscars, the Grammys, or the Emmys take place, many celebrities leave with gift bags worth thousands of dollars. These bags can include treats such as plastic surgery, luxurious getaways, and expensive skincare products. In fact, this year some celebrities left the Oscars with a plot of land in Scotland! All of this had us thinking, what are the tax requirements associated with gift bags?
Read MoreBoth sales and income tax are not necessarily at the forefront of people's minds when they hear March Madness. However, the annual tournament brings in more than 600 million dollars a year which can result in a lot of taxes. There are many different instances and situations in which people can create unexpected nexus, today we will be elaborating on a few sales and income tax implications.
Read MoreA lot of sellers have been getting letters from Pennsylvania indicating that the sellers have nexus in Pennsylvania due to inventory and that they should take advantage of the special, voluntary compliance program.
Read MoreMany of us have been working from home and some of us may continue to do so for the foreseeable future or even permanently. Unexpectedly our employers are all facing questions about their new nexus footprint. Working from home can create nexus for multiple taxes including sales and income.
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