article thumbnail

Understanding use tax

TaxConnex

One quick explanation of the difference is an example from Alabama : The consumers use tax is imposed on tangible personal property brought into Alabama for storage, use, or consumption in the state when the seller did not collect seller’s use tax on the sale of the property. California state income tax return.”.

Tax 188
article thumbnail

4 Key Pieces of Your Sales Tax Compliance Process

TaxConnex

In a few states, most notably Alabama, Colorado, and Louisiana, there are separate local level returns that you are required to file. Colorado alone has 73 home-rule jurisdictions each requiring their own sales tax return to be filed. This can be a lot to add to an already busy finance team or tax accountant.

Sales 131
article thumbnail

Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

Dark Horse CPAs Announce Promotion of Megan Leesley to Principal [ PRWeb ] Megan entered the Dark Horse Principal Accelerator Program in November 2022 and built a 6-figure practice that is a mixture of tax, accounting, valuation and fractional CFO work. Big 4 COBA Student Wins Big Internship!