Kelly Zack

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CARM Set to Transform Canada Imports
Featured image visualizing Canadian imports

CARM Set to Transform Canada Imports

AAFCPAs would like to make clients aware of a significant new requirement related to Canada customs. The Canada Border Service Agency (CBSA) Assessment and Revenue Management (CARM) is a new initiative, which is expected to notably transform how importers interact with Canada Customs. Importers should be aware that CARM will shift financial liability to the […]

Los Angeles and San Francisco City Taxes Due

Los Angeles and San Francisco City Taxes Due

While most taxpayers are focused on federal and state tax obligations, city taxes can often slip under the radar, leading to potential oversights. AAFCPAs would like to make clients aware that two California city taxes affecting businesses in Los Angeles and San Francisco are due February 29, 2024. Los Angeles City Tax This is a […]

Nonprofit Challenges in Navigating Tax Issues

Nonprofit Challenges in Navigating Tax Issues

Nonprofit organizations are often thought to be tax exempt. But this is a misnomer, as there are many situations where a nonprofit may have to either pay or collect and remit tax. Private foundations, also under the umbrella of 501(c)(3) nonprofit organizations, are subject to a 1.39 percent net investment tax on their investment income […]

Chicago Extends Lease Tax to Software as a Service

Chicago Extends Lease Tax to Software as a Service

Although states have not been increasing sales tax rates in general, many have begun to expand their tax base as some lawmakers look at expanding the list of taxable items. Some states are looking to tax digital products such as music, book, and video downloads. Many states also tax various forms of software including Software […]

Kelly Zack, MST is featured on Synexus Tax Solutions’ Podcast

Kelly Zack, MST is featured on Synexus Tax Solutions’ Podcast

October 16th, 2023 – In today’s episode, we’re diving into the world of cannabis and sales taxes, and we’re asking a simple question: Are the taxes on cannabis too high? To help us understand this, we have a special guest, Kelly Zach, who’s a sales tax expert from Boston, Massachusetts. Kelly helps us understand the […]

Watch Now: Business Tax Webinar 11/2

Watch Now: Business Tax Webinar 11/2

As 2023 draws to a close, we invite our valued business clients and friends to proactively assess their full financial picture to strategically plan their year-end tax optimization. It’s crucial to note that the majority of tax-saving strategies require implementation on or before December 31. AAFCPAs is poised to assist you in minimizing your tax […]

Colorado and Minnesota Impose Retail Delivery Fee

Colorado and Minnesota Impose Retail Delivery Fee

AAFCPAs’ State & Local Tax (SALT) practice would like to make clients aware that the state of Colorado and Minnesota have enacted a retail delivery fee. Colorado Updates Rule The state of Colorado originally imposed a fee of $0.27 on all retail sales delivered by motor vehicle to Colorado customers effective July 2, 2022. This […]

MA Sales Tax Holiday Aug. 12-13, 2023

MA Sales Tax Holiday Aug. 12-13, 2023

This year’s Massachusetts sales tax holiday will be held on Saturday, August 12th and Sunday, August 13th, according to the Massachusetts Department of Revenue (DOR). The event provides a two-day reprieve from sales tax on most retail purchases valued at up to $2,500 when made for personal use by individuals. Purchases by businesses or by […]

Delaware Franchise Tax Reminder

Delaware Franchise Tax Reminder

AAFCPAs would like to make clients aware that all companies incorporated in the state of Delaware are required to file an annual report and pay an annual franchise tax to Delaware each year by March 1st. We have outlined for your convenience two methods of calculating the franchise tax you owe: the authorized shares method, […]