KBF Sales and Use Tax Newsletter – 3rd Quarter 2022

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition features updates on marketplace seller clarifications, the tax treatment of digital goods and digital advertising, and tax treatment of IT as a service and other information services. Learn more about these developments by downloading the…

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KBF Sales and Use Tax Newsletter – 2nd Quarter 2022

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. This edition features updates on the tax treatment of digital goods, interstate transactions, and lease of equipment. Learn more about these developments by downloading the newsletter here.

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U.S. Withholding Taxes for Payments to Foreign Persons

Whilst the United States (“U.S.”) taxes its citizens, residents, and domestic corporations on their worldwide income, nonresident individuals and foreign entities (collectively, foreign persons) are generally taxed on only four categories of income. The U.S. may impose a tax on a foreign person without legal jurisdiction over that foreign taxpayer sufficient to fully enforce compliance…

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KBF Sales and Use Tax Newsletter – 1st Quarter 2022

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. For this edition, we feature updates on state rulings for which goods and services are taxable and which are exempt. Learn more about these developments by downloading the newsletter here.

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California Unclaimed Property Tax Compliance

Summary Beginning in 2022, the California Franchise Tax Board (FTB) will require most businesses to disclose the status of their unclaimed property compliance on their business tax returns.  This information will be shared with the State Controller’s Office (SCO) with the purpose of increasing the awareness of, and compliance with, unclaimed property reporting requirements.  To…

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KBF Sales and Use Tax Newsletter – 4th Quarter 2021

KBF’s quarterly newsletter updates clients on sales and use tax news, developments, and trends from around the country. For our fourth edition, we feature updates on the multistate trend of taxing profits from digital advertising and data mining. We also highlight updates from more states on the classification and taxability of digital goods. Learn more…

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California Sales and Use Tax Exemption

Background California allows qualifying manufacturers and certain research and developers a partial exemption from sales and use tax on various purchases of machinery and equipment used primarily for manufacturing, research, and development activities.  Additionally, the state expanded the partial exemption to certain power generators and distributors for equipment used for power generation, production, storage or…

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New KBF Director of Talent Acquisition

Please join us in welcoming our newest team member – April Dennis. April joins KBF in our newly created Director of Talent Acquisition role. Prior to joining KBF, April spent more than ten years with KPMG and joins us from their TA leadership team. Throughout her career, April has managed various HR programs and communication…

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