In this episode of the SALTovation Podcast, Meredith Smith and Stacey Roberts explore the latest changes in California’s state and local tax landscape, focusing on recent conformity updates and the finalized market-based sourcing regulations. Joined by Michael Cataldo, they examine what these changes mean for taxpayers and the challenges of navigating apportionment nexus and compliance in today’s dynamic economic environment.

Cataldo shares his insights on pivotal income tax cases shaping California’s business climate and breaks down the complexities companies face in understanding business versus non-business income, especially in significant transactions like the sale of a business or its assets.

Key Takeaways:

• California updated state and local tax rules, including market-based sourcing.
• Changes affect apportionment nexus and compliance for businesses.
• Distinguishing business vs. non-business income is vital in major transactions.
• Recent tax cases are shaping California’s business landscape.
• Staying informed is essential for local and multistate taxpayers.

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In this episode of the SALTovation Podcast, Meredith Smith and Stacey Roberts continue their conversation with Michael Cataldo on the complex world of California tax litigation. They discuss pivotal topics such as distinguishing between business and non-business income, the impact of the throwout rule, and the intricacies of alternative apportionment.

Their conversation reveals how even a minor entry on a tax return can trigger significant consequences, from audits to penalties, and the importance of carefully reviewing tax software defaults, as relying solely on automated systems can lead to costly errors.

Key Takeaways:

• Early identification of potential tax issues can prevent audits and penalties.
• Differentiating between business and non-business income is critical in California tax filings.
• Understanding the throwout rule and alternative apportionment strategies can impact tax outcomes.
• Reliance on tax software defaults without careful review can lead to costly errors.

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Colorado’s recent elimination of the vendor fee marks a major shift in the state’s sales and use tax system, with big implications for small businesses and the wider economy. In this episode, we continue our conversation with Jenn Penn and Shanah Schaffer, breaking down what this change means for compliance, operational challenges, and the business community at large.

Together, we explore how business owners can collaborate to navigate these changes and advocate for a fairer tax landscape.

Key Takeaways:

• Vendor fee elimination impacts small businesses.
• Coalition works to simplify tax compliance.
• Collaboration helps navigate tax complexities.
• Legislative efforts address budget and policy changes.

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Ongoing advocacy, collaboration, and policy reform are helping shape a more efficient and equitable tax environment for businesses across Colorado.

This week, we dive into the work of the Coalition to Simplify Colorado Sales Tax, a group dedicated to reforming one of the nation’s most complex sales and use tax systems. Our guest, Jenn Penn, founder of Dome Strategies, joins us alongside Shawna Shafer, owner of Absolutely Advanced Accounting, to discuss the Coalition’s mission and milestones since its launch in 2014. Together, they share insights into the Coalition’s legislative successes, and we explore key initiatives, like the SUTS (Sales and Use Tax System) portal.

Key Takeaways:

• Coalition’s Goal: Simplifying Colorado’s complex sales tax.
• Key Wins: Reforms making tax compliance easier for businesses.
• Collaboration Matters: Working together drives change.
• Looking Forward: Continued advocacy shapes the future of tax reform.

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In this episode, we continue our conversation with Jeremy Scott to take an in-depth look at Canadian tax policy. With a focus on the regional nuances that shape taxation strategies, Jeremy discusses Quebec’s trailblazing implementation of the Netflix tax and its impact on multinational corporations operating in Canada.

Listen to learn how Quebec’s unique civil law framework and assertive tax policies have set a benchmark that influences other provinces and territories.

Key Takeaways:

• Canadian tax rules are complex and vary by province.
• Quebec’s Netflix tax shows its unique approach.
• Voluntary disclosure helps businesses manage past liabilities.
• Court cases highlight GST/PST compliance challenges.
• Taxes like luxury vehicle and underused housing reflect policy goals.

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In this episode, we dive into the complex world of Canada’s sales tax system, covering the Goods and Services Tax (GST), Harmonized Sales Tax (HST), and various provincial sales taxes (PSTs). Our guest, Jeremy Scott, shares insights on navigating tax compliance and the evolving registration rules, including the recent changes of the “Netflix tax.”

We break down the distinctions between federal and provincial obligations and explore what these mean for international businesses operating in Canada. Drawing on his experience as both a practitioner and in-house tax leader, Jeremy provides a unique perspective on the challenges organizations face in this multifaceted landscape.

Key Takeaways:

• Understand Canada’s sales taxes: Know the basics of GST, HST, and PST.
• Expert perspective matters: Jeremy Scott shares insights from his experience as a tax practitioner and in-house tax leader.
• Be aware of the Netflix tax: Learn how it affects non-resident businesses.
• Prepare for international challenges: Navigating Canadian tax obligations can be complex for foreign businesses.
• Know the differences: Distinguish between harmonized sales taxes and provincial sales taxes.

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Our conversation continues with Glenn McCoy as we examine pressing issues such as ethics, artificial intelligence, and tariffs. McCoy underscores how these factors are reshaping the future of tax practice, stressing the need for professionals to stay adaptable and well-informed amid rapid technological innovation and regulatory change.

He also offers his perspective on the ethical challenges posed by artificial intelligence in tax preparation, along with the evolving role of tariffs and their impact on taxation.

Key Takeaways:

• State and local tax is becoming more complex and significant.
• Ethics and artificial intelligence are key issues shaping tax practice.
• Tariffs impact sales, income, and property taxes for businesses.
• Networking strengthens relationships and professional growth.
• AI in tax requires careful ethical consideration.

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In this episode of SALTovation, Glenn McCoy shares his journey through state and local tax, from law school and government service to corporate leadership and consulting. He reflects on career-defining moments, including moves from Oklahoma to New York and the impact of events like the Oklahoma City bombing and 9/11.

Glenn’s story highlights resilience, adaptability, and valuable lessons for navigating the ever-changing SALT landscape.

Key Takeaways:

• Glenn McCoy’s career spans law school, government, corporate leadership, and consulting, offering a wealth of experience in SALT.
• The episode explores pivotal moments in Glenn’s life, including the Oklahoma City bombing and how it shaped his personal and professional path.
• Listeners gain practical insights into navigating SALT challenges through Glenn’s firsthand stories.
• Glenn’s move from Oklahoma to New York City transformed his perspective on taxation and the corporate world.

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