Two Important Sales Tax Developments You Need to Know About

1. Merely Selling to Customers in Certain States Likely Results in a Sales Tax Issue
Businesses must have a “physical presence” (e.g., an employee) within a state before they are required to charge sales tax to in-state customers, according to a landmark 1992 U.S. Supreme Court case.

Bennett Thrasher Foundation Annual Report

Bennett Thrasher is pleased to announce the issuance of the FY 2017 Bennett Thrasher Foundation Annual Report. The purpose of the Annual Report is to share both the accomplishments and impact the Foundation has made in the local community. Throughout FY 2017 the Foundation distributed over $227,766 in grants benefiting numerous non-profit organizations located primarily in the […]

New Guidance For the R&D Tax Credit You Need to Know About

Beginning in the 2016 tax year, start-ups or new businesses could potentially claim the Research and Development (“R&D”) tax credit against federal payroll withholding. This is extremely beneficial as new businesses often do not owe any income taxes and thus, were unable to utilize their federal R&D tax credits.

Backpacker Magazine Features the BT on the AT Challenge

In a recent article published in Backpacker, Bennett Thrasher was featured for its ongoing summer hikes through the Appalachian Trail to promote employee-wellness and for the charitable aspect as well, with proceeds benefiting GiGi’s Playhouse.

Significant IRS Rule Changes to Partnership Audit Process

Congress recently enacted significant changes to partnerships’ income tax audits. These new protocols will dramatically change the Internal Revenue Service (“IRS”) partnership audit process and, quite possibly, both the amount of tax liability paid on audit adjustments and the partners who will bear the economic consequence of that tax liability.

R&D Tax Credits: Common Myths

The Federal Research and Development (“R&D”) Tax Credit allows companies engaged in qualified R&D activity to claim a tax credit for their efforts. This is a lucrative credit as it is a dollar-for-dollar offset of a company’s tax liability.

BT Promotes ‘Tigger Marshall’, Jennings Pitts to Partner

Bennett Thrasher LLP, one of the largest full-service public accounting and consulting firms in the country, has promoted to partner: Townsell G. “Tigger” Marshall III, in the Personal Financial Services practice, and Jennings P. Pitts, in the Corporate Tax practice. The firm now has 38 partners.

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