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Multi State Income and Franchise Insights

Washington Tax Insight June 2019

Politics and Congressional Activity Congress returned on June 3rd from a Memorial Day recess to face a number of pressing issues.  Negotiations on budget and spending legislation are in the hands of House Speaker Pelosi (D-CA) and Senate Majority Leader McConnell (R-KY) with a goal of reaching agreement in time to prevent the need to pass a continuing resolution prior to the start of the fiscal year on October 1st.  […]

June 12, 2019

What Market-based Sourcing Rules Mean for Private Equity Firms

Over the last few years, a transformation has been taking place in state and local income taxes—the shift to market-based sourcing for services income. Today, more than half of the states have adopted market-based sourcing. The result is more complexity and uncertainty for private equity firms. Cost of performance vs. market-based sourcing Historically, most states used the cost of performance (COP) method for apportioning service revenue to a particular state. […]

May 23, 2019

True Partners is a 2019 Best Place to Work in Chicago

To determine the 2019 Best Workplaces in Chicago, Great Place to Work® analyzed anonymous survey feedback from almost 19,000 employees working in the Chicago metro area. We are excited and proud to be listed among these elite employers in Chicago! View the 2019 List here (scroll down for Small and Medium Companies) View our Best Place to Work profile here.

May 21, 2019