Tax

MGO LLP Elevates Matthew Sapowith to the Partnership Strengthening Tax Practice

San Jose, CA, July 2, 2019 –  MGO LLP is pleased to announce that Matthew Sapowith, CPA, MST has been promoted to Partner. MGO, one of the fastest growing CPA…

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TAX ALERT: Details of California’s “Wayfair” Nexus Law

California is one of several states now incorporating requirements for sale tax collection from online retailers located outside the state but delivering goods to buyers within. Based on the U.S.…

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TAX ALERT: Latest on the Wayfair Impact on State Nexus Laws

Following the US Supreme Court’s landmark decision in the South Dakota v. Wayfair case, states across the US are rolling out economic nexus laws requiring remote sellers to collect sales…

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TAX ALERT: Guidance for Qualified Opportunity Zone Tax Incentives

Last year’s Tax Cuts and Jobs Act, H.R. 1 (“the Act”) created a federal capital gains tax deferral program through the opportunity zone statute, which is designed to attract private,…

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Tax Reform: Finding Opportunities Before 2019

As 2018 closes out it’s time to move into year-end tax planning, and examine tax savings opportunities. Helpful in this process is the fact that Business owners now have some…

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TAX ALERT: Businesses can Continue to Deduct 50% of Client Meals

Last year’s tax overhaul via the Tax Cuts and Jobs Act, H.R. 1 (“the Act”) made cuts to write-offs and benefits for businesses. A significant change was made in terms…

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TAX ALERT: Feds Move to Block SALT Deduction Workarounds

One of the most significant, and controversial changes affecting individual tax returns in the Tax Cuts and Jobs Act, H.R. 1 (“the Act”) is the provision limiting the deductibility of…

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TAX ALERT: How Tax Reform Affects UBI Calculation for Tax-Exempt Organizations

The recent Tax Cuts and Jobs Act (P.L. 115-97), effective for tax years beginning after December 31, 2017, has garnered much attention for its individual- and business-focused provisions, but it…

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Sanjay Agarwal joins MGO as an International Tax Partner

San Jose, August 29, 2018 – Sanjay Agarwal has joined MGO LLP, one of the fastest growing CPA and Advisory Services firms in the nation, where he will bolster MGO’s…

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Supreme Court Allows States to Collect Online Sales Tax from Out-of-State Retailers

tax, multi-state, nexus, sales tax, controversy, legislation, guidance, sales tax, state and local tax

In a landmark ruling, the US Supreme Court decided that states can collect sales tax on products their residents purchase from online retailers that do not have a physical presence…

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