As the global economy becomes more digital, governments around the world are changing how they tax online businesses. Digital services taxes are one of the most important developments in international tax policy, and they could affect companies that sell digital products, advertise online, or operate digital platforms across borders. For companies based in the United…
Legal and Historical Context Right from the start, let me point out that Texas provides significant advantages for wealth accumulation, preservation and transfer because Texas Constitution Article 8, Section 1 does not grant the legislature authority to tax individual’s personal income. Thus, the Texas Supreme Court has never had to struggle with whether the Courts…
The National Association of Realtors (NAR) class action settlement in 2024 that eliminated mandatory broker compensation offers on Multiple Listing Services (MLS) changed how the residential real estate industry operates in the United States. The allegations in the case involved anticompetitive practices and violations of antitrust laws. The fundamental concern is transparency in residential real…
Charitable organizations serve the public through education, religion, science, health care, and other humanitarian acts. These organizations do good and encourage others to do good. U.S. federal policies and its federal tax code recognize their social value through special certain federal tax laws that encourage charitable giving. One such law, Internal Revenue Code Section (IRC)…
Understanding how Texas sales tax works is an important part of running a business, whether you’ve been in business for years or are just getting started. There’s a lot to keep up with, but this guide will walk you through the key points. Filing your sales tax in Texas can be straightforward once you know…
Most businesses in Texas depend, to some extent, on digital tools to help them perform more effectively. From accounting systems and payroll to customer relationship management software, cloud storage, and data analytics platforms, these digital services are now essential in modern business. What a lot of business owners do not realize, however, is that many…
Written by Arba Beyene, Tax Lawyer and Partner at Ethio Alliance Advocates LLP 1. Introduction The goals of the amendment are typically outlined in the preamble of the proclamation. Therefore, the objectives mentioned in the preamble include: improving revenue collection through adjustments to the rates applied to certain incomes; expanding the tax base; creating an…
If you’re a title company operating in Texas, understanding the state’s insurance premium tax is critical to your business. But companies may not fully understand how far it reaches or who exactly is responsible. This 1.35% tax, enforced by the Texas Comptroller, applies to gross title insurance premiums on Texas properties and comes with specific rules about who must…
Owning property in Texas comes with many benefits, but also with complex legal and tax responsibilities. When that property is affected by eminent domain, those responsibilities shift, sometimes dramatically. Whether you’re facing a potential government taking or simply want to understand the implications, it’s important to know how both property ownership and eminent domain impact…
As the global economy expands, numerous U.S. taxpayers have financial interests or assets located abroad. Whether it’s a Swiss bank account, real estate in Mexico, or investments in a foreign corporation, these offshore assets can provide growth and diversification opportunities. However, they also carry substantial reporting responsibilities. Failing to report these assets accurately can lead…
9/17/2024 After suffering from an injury due to someone else’s negligence, winning a personal injury settlement can feel like a huge relief. You no longer have to worry about medical bills, lost wages, or other expenses incurred as part of your accident. However, it is important to be careful how you use your settlement…
The Worker: Employee or Independent Contractor? Why does it matter legally how workers are classified? By Coleman Jackson, Attorney, and CPA. Date: June 14, 2023. Are your workers employees or independent contractors? Why does it matter legally how workers are classified? How should you make the determination as to whether a worker is classified as…
Whether you’re a small or medium-sized business owner seeking tax or business representation, or an individual seeking immigration assistance, we are ready to provide vigorous and compassionate legal support. Reach out to Coleman Jackson, P.C. today to discuss how we can help you.