121: The State Tax Response to Federal Tax Reform - a podcast by Rea & Associates

While it may feel like we’ve covered all angles of tax reform in the last few episode of unsuitable, we’re not done yet! Sure, we’ve hit the Tax Cuts and Jobs Act from a federal perspective – but what happens when we look at the implications of the legislation at the state level?

Joe Popp, director of Rea’s SALT team and a frequent flyer on the podcast, joins us to discuss the various considerations states are grappling with as a result of tax reform. And, while we’re on the topic of state and local taxes, Joe is going to talk about a few other nexus concerns business owners will be left to contend with as the year continues to unfold.

2018 is the Year of SALT

SALT, if you’re not aware, stands for State and Local Tax. It’s a broad field, but it’s going to be significant this year as states shift their policies in response to federal tax reform. There will be some fun changes for businesses (like the New York or California response to itemized deduction limitations) – but, mostly, it’s going to be complicated (or, if you’re a SALT specialist, a lot of fun).

If you are a business owner who operates in the United States, you will be interested in these other topics discussed in this episode:

• New rules will look at client sales by state, changing the way clients approach state taxation.
• What the proposed “Amazon Laws” in many states are, and how they will affect businesses using the Fulfillment by Amazon service.
• How South Dakota v. Wayfair Inc is challenging the court’s “physical presence” nexus rule, and how the decision (due in June) will impact businesses.

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