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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The five-letter acronym stands for the states without a statewide sales tax – New Hampshire, Oregon, Montana, Alaska and Delaware – and two of those states might be leaving the group sooner than later. billion-plus from a 4% sales tax in FY25.

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Lili Launches Lili Connect for Small Business Financial Management

CPA Practice

Lili , a financial platform designed for small business owners, today announced that it is launching Lili Connect,an embedded finance integration that streamlines small business banking, accounting, and tax processes, allowing partners to offer Lili’s comprehensive financial management tools directly through their platform.

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Sales Tax Highlights of August 2024 | TaxConnex

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Analysis reveals that a fee in Washington of 30 cents per order could generate between $45 and $112 million in revenues in 2026, growing to between $59 and $160 million by 2030,” reads a recent report by the Washington State Joint Transportation Committee.

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Baker Tilly and Moss Adams Are Combining to Create a Private Equity-Fueled Behemoth

Going Concern

WSJ said Moss Adams CEO Eric Miles and Baker Tilly CEO Jeff Ferro said the combined new firm aims to generate about $6 billion in annual revenue by 2030. An H&F partner told WSJ they are “approximately doubling” their investment, you can do the math. Which, by the way, is only four and a half years away.

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The impact of early AI adoption

ThomsonReuters

Jump to The bottom line Advanced AI Embrace AI New technology Embracing cutting-edge technologies like artificial intelligence has always helped tax professionals boost efficiency and gain a strategic advantage. Embrace AI Among companies that embrace AI, it is predicted that their cash flow will double by 2030.

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Taking Your Spouse on a Business Trip? Can You Write Off the Costs?

RogerRossmeisl

billion by 2030, according to a report from Research and Markets. A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit $928.4

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Treasury Shifts SUV Definition for EV Tax Credits After Carmakers Gripe

CPA Practice

Treasury is changing how it defines a sport utility vehicle Friday after car companies lodged complaints that some vehicles were wrongfully being boxed out of new electric vehicle tax credits. Under new federal tax credits, SUVs, trucks and vans can cost up to $80,000 and still qualify for a $7,500 credit.

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