State and Local Tax
Stock Sale Essentials: Key Steps for Private Company Owners
How Can Private Company Owners Prepare for a Successful Stock Sale? When a private company is sold, every contract, employee relationship, and financial detail faces close examination. In a stock sale, ownership, along with the company’s legacy, obligations, and opportunities, transfers to the buyer. While the process can be complex and demanding, thorough preparation by […]
Due Diligence Preparation That Supports Stronger M&A Outcomes
Due diligence serves as the buyer’s primary tool for validating financial, operational, and compliance assumptions in a transaction. When documentation is incomplete, inconsistent, or poorly explained, diligence shifts from confirmation to investigation. This change increases scrutiny, extends timelines, and may place transaction value at risk. For sellers, the greatest exposure often stems not from complex […]
2025 SALT Tax Changes: 9 Key Updates for Business Growth and Multistate Compliance
State and local tax developments in 2025 present opportunities for businesses to refine planning and maximize benefits. From updated economic nexus thresholds to expanded deductions and streamlined property filings, understanding these changes allows you to make informed decisions and coordinate personal and business tax matters efficiently. This recap highlights key SALT updates that may help […]
Why Tax Planning Should Begin Well Before a Multistate or International Business Sale
When preparing a business for sale, one of the first areas buyers examine is tax compliance. Where a company files state income, sales, and payroll taxes—and whether those filings are complete—can become a central focus of due diligence. Gaps in compliance, or even unintentional oversights, can lead to buyer holdbacks, unexpected liabilities, delays in closing, […]
NY Domicile Ruling: Lessons from Hoff for Residency and Tax Planning
New York’s Tax Appeals Tribunal recently sustained a domicile assessment in Hoff v. New York Tax Appeals Tribunal, finding that the taxpayers remained New York domiciliaries for 2018 and 2019. While this decision comes out of New York, the scrutiny outlined in detail below is not unique. Many states apply similarly rigorous analyses when evaluating […]
Massachusetts Sets $500K Threshold for Corporate Nexus
Massachusetts has drawn a sharper line around which corporations and business entities fall under the state’s corporate excise tax. With the finalization of Regulation 830 CMR 63.39.1, the Department of Revenue set a clear economic and virtual nexus threshold of $500,000. Corporations generating sales above this amount from Massachusetts sources may now be subject to […]
Sales Tax Compliance for Ecommerce Sellers Discussed on Connex eCommerce Podcast with Kelly Zack
Kelly Zack, MST, Partner in AAFCPAs’ State & Local Tax practice, joined the Connex eCommerce Podcast for a discussion on how online sellers may navigate sales tax compliance with confidence. Hosted by Joe Anderson, the episode explored common misconceptions about nexus and marketplace rules, as well as practical ways ecommerce businesses may simplify reporting and […]
What SaaS Companies Need to Know About State Tax Obligations
As software companies shift to subscription-based models and expand across state lines, tax obligations grow less predictable—and more costly when overlooked. Sales tax on Software-as-a-Service (SaaS) is no longer limited to where a company is headquartered. Instead, tax exposure may follow where products are used, where customers are billed, or even where remote team members […]
SALT Partner Kelly Zack Strengthens Community Leadership Through Board Service
AAFCPAs’ Partner Kelly Zack, MST recently joined the board of Victory Programs, Inc. (VPI), a Boston-based nonprofit dedicated to providing hope, recovery, and community for individuals and families facing homelessness, addiction, or chronic health conditions. VPI envisions communities that are safe, healthy, and inclusive, offering programs that address housing, wellness, and supportive services to help […]