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Returning Value Blog

Lisa Albritton

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6 Questions To Measure Your Wayfair Tax and Compliance Risk

Posted by Lisa Albritton on Sep 19, 2018

On June 21, the U.S. Supreme Court issued its widely anticipated decision in South Dakota v. Wayfair. The Court held that states may require a business to collect and remit sales and use taxes even if the business has no in-state physical presence. Reference "Does Your Business Have To Begin Collecting Sales Tax On All Out-of-state Online Sales? "

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Posted in Business Tax

Are You Using Your Frequent Flyer Miles To Travel This Summer?

Posted by Lisa Albritton on Jul 26, 2018

Are you reporting the value of your frequent flyer miles as taxable income?

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Posted in Individual Tax

Does Your Business Have To Begin Collecting Sales Tax On All Out-of-state Online Sales?

Posted by Lisa Albritton on Jul 02, 2018

You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v. Wayfair, Inc. is welcome news for brick-and-mortar retailers, who felt previous rulings gave an unfair advantage to their online competitors. And state and local governments are pleased to potentially be able to collect more sales tax.

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Posted in Business Tax

Tax Document Retention Guidelines for Small Businesses

Posted by Lisa Albritton on Apr 24, 2018

You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if your office is strewn with reams of paper consisting of years’ worth of tax returns, receipts, canceled checks and other financial records (or your computer desktop is filled with a multitude of digital tax-related files), you probably want to get rid of what you can. Follow these retention guidelines as you clean up.

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Posted in Business Tax

Business or Hobby?  

Posted by Lisa Albritton on Mar 21, 2018

 

Under the new tax law, you can’t deduct hobby expenses.

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Posted in Individual Tax

The First Social Security Check Recipient

Posted by Lisa Albritton on Mar 06, 2018

Do you know who received the first Social Security check and for what amount?

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Posted in Individual Tax

Donors Can Get Emotional Satisfaction and Tax Benefits Through Their Giving.

Posted by Lisa Albritton on Feb 21, 2018

Which countries, states, and individuals give the most to charity?

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Posted in Individual Tax

Seven Steps for Tax Return Season

Posted by Lisa Albritton on Jan 11, 2018

One sure sign that spring is coming: It is time to prepare to file your annual tax return. You can alleviate some of the usual stress if you have your 2017 return professionally prepared, but you still have some work to do. Here are seven practical suggestions to help you spring into action: 

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Posted in Individual Tax

You Give Back. Now It's The IRS's Turn

Posted by Lisa Albritton on Dec 07, 2017

Volunteers can get a tax break for unreimbursed expenses.

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Posted in Individual Tax

Are You On The Hook For Unauthorized Charges?

Posted by Lisa Albritton on Nov 02, 2017

With the recent Equifax hack, it serves as a reminder of how easily your information can fall into the wrong hands. Here are some basic guidelines of just how liable you are for lost or stolen bank cards.

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Posted in Individual Tax

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