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Sales tax and nonprofits

TaxConnex

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes. How important are these certificates?

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Professionals on the Move – May 2024

CPA Practice

KSM Announces Appointments for Five New Leadership Roles Katz, Sapper & Miller (KSM) recently announced the appointments of Erin Eberly, Jason Patch, Mike North, Mike Lee, and Jamie Ellis to newly created roles overseeing the firm’s tax, audit, and advisory practices, its industry groups, and its operations.

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What happened in sales tax in 2022

TaxConnex

One Pennsylvania legislator called for elimination of that state’s sales and use tax (echoing a colleague’s earlier call for a two-month break from the state’s sales tax in the coming summer, citing inflation). Colorado and Florida were among states considering or granting sales tax breaks on baby items. Supreme Court.

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5 States with the Lowest Combined Business Taxes

CPA Practice

Some key factors to evaluate include: Tax rates Tax rates vary widely across states. Some states have higher corporate income tax rates, while others offer lower rates or no tax at all. Property tax rates can vary significantly, impacting the cost of owning or leasing business space.

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Payroll problem tax debt relief – get professional representation

MyIRSRelief

According to the IRS and the US Tax Code, there are three separate taxes that constitute what a business is responsible for as far as a payroll tax to the Federal Government (IRS). The same is true of the Unemployment tax that the business must pay for each employee. Tax debt relief.

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Lawsuit Counterclaim By an Ex-Partner Accuses BDO of Shady Behavior Around the ESOP, PE Deal, and Corporation Conversion

Going Concern

BDO’s claim is that restrictive covenant obligations state that Crandell may not, directly or indirectly, solicit or perform accounting, auditing, tax, and/or consulting services for BDO clients for whom he directly provided substantive services during his partnership in and later employment with BDO.

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Friday Footnotes: Why Private Equity Loves the Profession; A Very Naughty KPMG Employee; WTF PwC Guy | 4.5.24

Going Concern

Moema, employed as a bursary specialist at auditing firm KPMG, appeared in the Commercial Crimes Court at Palm Ridge on Tuesday. Folwell expresses doubts about EC’s long overdue audit [ The Daily Advance (North Carolina)] Another late city audit. The 2021-22 audit was due to the state on Oct. Watch this space.

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