Member Articles

In today’s highly connected world, everyone’s a critic. Literally. From Angie’s List to Yelp, and Google to Amazon, the Internet provides an endless number of forums for sharing opinions and reviews. No matter what you want to review (from dog walkers to doughnut shops), there is a site—or three—where it is possible to share your opinion. For many people, these virtual forums provide the freedom to be candid, or even outrageous.

Read more: Don't be Such a Critic: Negative Online Reviews Can Cost You

Author: Dorita Calderon

The Wayfair ruling increases sales tax obligations for most taxpayers by legalizing economic nexus requirements. How does this Supreme Court decision impact state income tax responsibilities of taxpayers? One answer may lie in the interpretation and enforcement of Public Law 86-272.

Public Law 86-272 is a federal law that prohibits a state from imposing income tax on income derived within the state, if the only activities in the state by the seller are soliciting sales of tangible personal property from outside the state, and this property is shipped from outside the state.

Read more: How the Wayfair Ruling Impacts State Income Tax

Are you looking at 2020 as a brave new world or can you not see past Blue Monday?

At VG, we’re very much stuck in the middle with you; in a world of Trump, tyranny and trade wars it seems that for every opportunity there is a looming threat. To cut through some of this uncertainty, we look at the top four themes we expect to be important to our clients and our business over the next twelve months.

Read more: 2020 – Change for Good?

For enterprise businesses migrating to third-party computing, the forecast is cloudy with a 63% chance of a data breach.1

While migrating to the cloud provides a number of significant benefits including the ability to off-load network maintenance, data storage, and security, it still carries the vulnerabilities of any third party with access to your data. As many as 63% of all data breaches have been linked to third-party suppliers and contractors, like cloud providers.

Read more: Moving to the Cloud Can be Stormy for Businesses that Don’t Have Cyber Coverage in Place

If your architectural/engineering (“A/E”) firm proposes or works on government contracts, you may be asked to provide overhead rates prepared in accordance with the Federal Acquisition Regulation (“FAR”). The FAR outlines the specific rules and procedures A/E firms must follow when calculating their overhead rates. Additionally, many government agencies require that A/E firms have their overhead rates audited by a CPA.

Read more: The FAR Audit: Does Your Architectural/Engineering Firm Need One?