Remove blog- sales-and-use-tax-update-june
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Seller Ledger Offers New Ecommerce Accounting Option

CPA Practice

Many online sellers were left stranded in June of 2022 when GoDaddy Bookkeeping suddenly closed its doors,” said Reeth. “Our Seller Ledger’s software connects directly with sales channels like eBay and Amazon to import sales information and transaction fees by the platform. A How-To video demonstrates how easy it is to use.

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Latest product news — June 2022

Xero

We’ve made a number of enhancements to the Xero platform in the last month, including updates to quotes, reporting, Xero Analytics Plus, WorkflowMax and more. This means your customers can open attachments (such as terms and conditions or a sales brochure) from the email itself, rather than a webpage. New features.

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Tax Strategies for Investments: Making Use of Loss Harvesting and Loss Carryovers

CTP

Profiting from investments and reducing tax liability may seem like competing goals, but both can be accomplished with a little proactive tax planning. In the world of tax strategy, timing is key to keeping taxes low. The IRS has rules in place to prevent taxpayers from falsifying a loss just to get the tax break.

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Count it as a Loss… and Benefit: How to Leverage Loss Harvesting and Loss Carryovers

CTP

Profiting off your investments while also reducing your tax bill is a delicate balancing act. The more you learn about tax reduction strategies, the clearer it becomes that timing is essential to keeping taxes low. In this blog, we’ll cover two strategies that can turn a downfall into a win: loss harvesting and loss carryovers.

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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

Federal Employment Taxes. The United States first imposed a federal income tax briefly during the American Civil War and also in the 1890s. Constitution in 1913 that permanently legalized a federal income tax. Next, in 1939, the Federal Unemployment Tax Act (FUTA) was passed, which resulted in an employer tax (typically, 0.6%

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

Keeping Up with Taxes. The legislation levied a direct tax on the American Colonies in an effort to pay off debts and defend new American territories won from the French in the Seven Years’ War. So, why the brief history lesson on American Colony taxes? For payroll, in particular, there are a number of taxes.

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Let’s talk about forced labor, and other global regulatory changes affecting supply chain compliance

ThomsonReuters

But for those operating in a complex network of manufacturers, logistics partners, distributors, raw goods suppliers, and sales channels, remaining compliant carries tremendous burden and risk. This will be enforced starting on June 21 2022, by US Customs and Border Protection.