It’s been awhile since I’ve posted on this blog. I got busy doing my day job and I’ve just been posting quick hits on Linkedin. I plan to start posting more on this site going forward. I hope you join me.
Recent developments in the world have made it difficult to focus on work (like normal) this week. However, we have to push through. Momentum is a curious thing. It takes effort to create and then once you have it, it seems to have a life of its own. So if you are struggling to focus, I recommend you just start doing and the momentum will hopefully build.
In regards to state tax developments, the SALT (state and local tax) world continues its normal path of non-uniformity, of complex rules, of daily developments and changes; making it difficult for businesses to comply, causing pitfalls, missteps and also making it a challenge for state tax professionals to stay up to speed. Even with the developments of AI and other tools, a consultant’s knowledge, judgment and advocacy, and most of all - creativity, can not be duplicated. I call all of that - LEVERAGE.
Over the past week and recent months, I’ve dealt with:
cleaning-up client historical liabilities via income tax sales tax voluntary disclosure agreements (VDAs).
helping clients determine where they need to file and don’t need to file returns.
helping clients determine if what they are selling is taxable.
helping clients decide if they should do a private letter ruling.
helping clients determine if they are eligible to use P.L. 86-272.
reviewing another firm’s Tennessee franchise and excise tax filings and ensuring the correct entity is filing the return, and advising whether a consolidated net worth election makes sense.
advising foreign companies investing in Tennessee on Tennessee credits and incentives and helping them obtain and use those credits.
advising foreign companies operating in the US on sales tax implications and income tax filing requirements.
Just like when I started this blog in 2009, in the days ahead, I hope to write about developments (in a non-technical manner), and provide commentary on the state tax profession, albeit, from an older and ‘much wiser’ and experienced perspective. (Yes, I’m now 50 years old and have been doing this for 28 years). Crazy stuff.
I hope you’ll join me on this journey. Your journey. Your company’s journey. Your client’s journey. The profession’s journey.
Be well.
Sincerely,
Brian (Daily) Strahle