STATE AND LOCAL TAX (SALT)
New York State’s 2026 Fiscal Year Budget Finally Passes
After months of deliberation, New York State has passed its 2026 fiscal year budget - the largest budget in the state’s history, totaling $254 billion. Explore the full details to see how the 2026 fiscal year budget’s tax provisions may affect you or your business. READ MORE
New California Tax Laws Could Pose Challenges for Tech Companies
California has once again shaken up its tax landscape, introducing new laws that may significantly impact tech companies. READ MORE
Voluntary Disclosure Programs:
A Strategic Compliance Tool for Professional Services Firms
Professional services firms face significant challenges in today’s complex tax environment with a multitude of state and local regulations impacting their operations. READ MORE
Pass-Through Entity Tax (PTET):
Key Considerations Before Making the Election in 2025
As businesses shift their focus to 2025 estimates, many must decide whether to elect into the Pass-Through Entity Tax (PTET) regime. READ MORE
- Federal Update on PTET: A proposal in Washington, D.C. is under consideration that could eliminate professional services firms participating in PTET regimes. While this change has not been enacted, it could significantly impact firms currently relying on PTET deductions. Anchin is closely monitoring the situation and will provide updates as new information becomes available.
Sales Tax for Software Companies:
Navigating Complexities in a Changing Landscape
Software companies, especially those offering SaaS or cloud-based products, face complex and evolving sales tax rules that vary by state, making compliance a critical and challenging task. READ MORE
Remote Workers New York Tax Implications
New York’s longstanding Convenience Rule continues to tax remote workers based on their employer’s location—despite pushback from neighboring states like New Jersey and Connecticut. READ MORE
