Tag Archives: multi-state tax

FOCUS ON MICHIGAN

Tahquamenon Falls in Michigan’s eastern Upper Peninsula.

This month takes us to the Wolverine State of Michigan. The origins of this name are obscure, but may be derived from a busy trade in Wolverine furs during the 18th Century.

Its largest city, Detroit, is famed as the seat of the U.S. auto industry, which inspired Diego Riviera’s murals at the Detroit institute of Arts. Also in Detroit is Hitsville U.S.A., the original headquarters of the Motown Record Company. Michigan is home to many great musicians including The Supremes, The Temptations, Stevie Wonder, Smokey Robinson, Bob Seger, Kid Rock and Alice Cooper.

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FOCUS ON MISSISSIPPI

A Mississippi Riverboat sailing down the Mississippi River.

This month we travel to the land of Dixie, the southern state of Mississippi. The state is heavily forested with over half of the state’s area covered by wild trees including mostly pine, as well as cottonwood, elm, hickory, oak, pecan, sweetgum and tupelo.

The Mississippi River delta region is considered home of the blues music, where this type of music is honored at the Delta Blues Museum in Clarksdale. This region is also one of the top casino destinations between Las Vegas and Atlantic City. Many well-known and diverse singers came out of Mississippi including Elvis Presley, alternative rock band 3-Doors Down, Jimmy Buffet and Opera Singer Leontyne Price.

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[State Tax Series] SaaS Companies & Multi-State Tax Issues

milesconsultingHave you been following our series that chronicles how state tax legislation applies to various technology industry niches? So far we’ve covered medical device companies and software companies; today the topic is Software as a Service (or SaaS) companies.What multi-state tax issues do they face when it comes to nexus, sales and use tax, state tax legislation and more? Keep reading to find out.

 

An Overview of SaaS Companies

SaaS is defined as, “A way of delivering applications over the Internet – as a service. Instead of installing and maintaining software, you simply access it via the Internet, freeing yourself from complex software and hardware management.” Continue reading

[State Tax Series] Software Companies & Multi-State Tax Issues

Here are a few multi-state tax issues software companies need to be aware of.

Here are a few multi-state tax issues software companies need to be aware of.

A couple of weeks ago we started a series about the nuances of state taxes as they apply to various technology industry niches. Today we continue by focusing on software companies and multi-state tax issues they face including nexus, sales and use tax, state tax legislation and more.

An Overview of Software Companies

Software companies make up a significant part of the technology sector. Software refers to, “The programs used to direct the operation of a computer, as well as documentation giving instructions on how to use them.” The software industry has certainly changed over the years – from the days of companies selling software on disks or other media, to today’s digital downloads of software, and even software as a service (SaaS), which is becoming very prevalent. Continue reading

[State Tax Series] Medical Device Companies & Multi-State Tax Issues

What multi-state tax ramifications are there for medical device companies?

What multi-state tax ramifications are there for medical device companies?

As you know, at Miles Consulting Group we’re all about helping companies approach multi-state tax issues such as defining nexus, determining the taxability of various products and services, and complying with state income tax and sales tax regulations and more. State tax legislation affects companies in a wide variety of ways, which is part of what makes the topic so complex.

In this brand new series, we’re going to explore the nuances of state taxes as they apply to various technology industry niches. After all, we are based in Silicon Valley, and have had the privilege to work with some of the nation’s most innovative companies. Today’s focus is medical device companies!

An Overview of Medical Device Companies

This subset of the technology industry actually covers a fairly large spectrum. The FDA defines a medical device as, “An instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent or other similar or related article, including a component part, or accessory, which is:

  • Recognized in the official National Formulary, or the United States Pharmacopoeia, or any supplement to them,
  • Intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease, in man or other animals, or
  • Intended to affect the structure or any function of the body of man or other animals, and which does not achieve its primary intended purposes through chemical action within or on the body of man or other animals and which is not dependent upon being metabolized for the achievement of any of its primary intended purposes.”

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