In this episode of the SALTovation Podcast, Meredith Smith and Stacey Roberts explore the latest changes in California’s state and local tax landscape, focusing on recent conformity updates and the finalized market-based sourcing regulations. Joined by Michael Cataldo, they examine what these changes mean for taxpayers and the challenges of navigating apportionment nexus and compliance in today’s dynamic economic environment.Cataldo shares his insights on pivotal income tax cases shaping California’s business climate and breaks down the complexities companies face in understanding business versus non-business income, especially in significant transactions like the sale of a business or its assets.&nbsp;Key Takeaways:<ul><li>California updated state and local tax rules, including market-based sourcing.</li><li>Changes affect apportionment nexus and compliance for businesses.</li><li>Distinguishing business vs. non-business income is vital in major transactions.</li><li>Recent tax cases are shaping California’s business landscape.</li><li>Staying informed is essential for local and multistate taxpayers.</li></ul> ConnectSubscribe on your favorite podcast app <a href="https://truthwork.slack.com/archives/D03426YPV5Z/p1689255898860749" rel="noopener noreferrer" target="_blank">here</a>.Follow us on <a href="https://www.linkedin.com/company/201050/admin/" rel="noopener noreferrer" target="_blank">LinkedIn</a> and <a href="https://www.youtube.com/channel/UCMB1ZQNGXM_F777SIEl8Vjw" rel="noopener noreferrer" target="_blank">YouTube</a>.Talk To A Tax Advocate Today:<a href="https://taxops.com/contact/" rel="noopener noreferrer" target="_blank">https://taxops.com/contact/</a>Mentioned in this episode:<a href="https://saltovation.captivate.fm/contact">SALT Contact</a><a href="https://saltovation.captivate.fm/contact">SALT Contact</a>

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California Tax Update: Conformity Changes and Market-Based Sourcing Challenges

SALTovation: Making Sense of State and Local Tax

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