|Full time Accounting Educator:||-87.00|
- Nexus defined: physical presence; economic
- Apportionment: nexus requirement for apportionment; different methods for different businesses
- The difference between apportioned and allocated income
- How business/nonbusiness income is determined
- Property factor: what is included? what basis is used? when is monthly averaging necessary? what is mobile property? is WIP/CIP included?
- Payroll factor: what is included? are leased employee wages included? what about officer’s payroll? is there a throwback rule for payroll?
- Sales factor: what is included? how is it sourced? what about non-inventory items? what are occasional sales and how are they treated? what are the throwback and throw-out rules?
Harriet has over 30 years of experience in providing state and local tax advisory and compliance services to large multi-state and multinational companies. Prior to joining Delap, Harriet spent 15 years with The Ryland Group - a Fortune 500 Homebuilder and Mortgage Lender that operates in 28 different states. Upon her return to public accounting in 2007, Harriet observed that there was a need for business leaders to better understand how State and Local Taxes affected their financial decision making. While Harriet has spent much of the past six months on sales tax issues, her practice is generally focused on state income tax planning and compliance along with audit defense for state as well as IRS audits.