After an incredible summer on the trail, BT is proud to share the impact and final numbers of our BT on the AT summer initiative.
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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 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…
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.
In a recent Bisnow article, Bennett Thrasher’s office relocation is mentioned in a discussion of recent changes to Atlanta’s office market. Despite a weak opening in 2017, the city’s office market has rebounded strongly following the space absorption of 616K square feet from companies like Bennett Thrasher.
The Georgia Department of Revenue issued proposed film tax credit regulations on August 22, 2017. The regulations are open to comment until September 26, 2017.
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.
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.
Bennett Thrasher was recently mentioned in Carpe Diem Atlanta for serving as an event sponsor for the 2017 Women in Production Summit. The event was hosted by the Atlanta Film Society at Georgia State Univers
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.
