TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. Missouri lawmakers considered a remote sellers ’ ? And 2021 is off to a n especially busy start.

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Sales Tax Missouri Wisconsin 229

CPA Practice

APRIL 5, 2024

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

Anders CPA

DECEMBER 20, 2022

For the fourth year in a row, Anders has been named to Forbes’ America’s Best Tax and Accounting Firms List for 2023. With thousands of firms recommended in tax and accounting, Anders is one of 160 firms in the country to be named on both lists. Louis to make both lists. This is not a normal year.

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CPA Practice

FEBRUARY 12, 2024

By Katelyn Washington, Kiplinger Consumer News Service (TNS) A proposal to end federal tax on Social Security retirement benefits would provide relief for retirees as early as next year. That’s because, as the bill is worded, federal taxes on Social Security income would be eliminated beginning in 2025 (tax returns filed in early 2026).

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MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

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TaxConnex

FEBRUARY 16, 2023

Think you’re the only one worried about sales tax compliance? According to our third annual Sales Tax Market Survey you’re not. Our company is highly acquisitive and this results in lack of consistency when it comes to billing, accounting and reporting,” said one survey respondent. Added a third respondent: “We need help now.”

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TaxConnex

JANUARY 26, 2023

There’s always something changing in the world of tax, especially sales tax. Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. Crystal ball time. Oneida, N.Y.,

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Sales Tax Arkansas Missouri 130

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

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North Carolina Oklahoma Ohio Tax 130

ThomsonReuters

APRIL 25, 2024

Navigating state taxes on retirement income is a critical aspect of financial planning for retirees. While federal tax rules apply uniformly across the country, state tax rules can vary widely. Jump to: • State tax on retirement income • Which states do not tax retirement income?

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

Anders CPA

AUGUST 16, 2022

A 529 plan is a tax-advantaged savings plan which is aimed toward encouraging saving for primary and secondary education expenses. Many taxpayers wonder whether they can contribute to a state plan outside of the state they reside in, and the answer is yes, but it may affect your tax deductions. In-State or Out-of-state 529 Plan?

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Missouri Illinois Tax income tax 91

Anders CPA

JANUARY 1, 2024

In 2024, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, minimum wage is increasing in Missouri and Illinois. Social Security Tax Withholding For 2024, the Social Security tax wage base for employees will increase to $168,600.

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TaxConnex

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Due to all of the above, it’s hard to fill any position at this point, but a job with specific skills, especially with experience managing sales and use tax, can be downright impossible. Nearly 8% growth was expected in 2021.

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ThomsonReuters

SEPTEMBER 19, 2023

Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. Similar efforts in Texas, Missouri, and Georgia failed to garner enough support. percent tax rate is imposed on the adjusted gross revenue from sports wagers placed at a licensed track and a 14.25

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CPA Practice

JULY 20, 2023

By Laura Weiss, CQ-Roll Call (TNS) House Republicans opposed to limits on deductions for state and local taxes are making their first stand in a move that could test their newfound power in the GOP conference. Several say no tax bill can get their support unless it allows more state and local tax deductions. New York Rep.

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TaxConnex

JUNE 20, 2023

Almost five years ago, the Supreme Court’s Wayfair decision was heralded as a revenue gateway for almost all states to require remote sellers to collect and remit sales tax. In 2021, the Government Accountability Office estimated nationwide remote sales tax collections to be about $30 billion. We’ll keep you posted.

South Dakota 185

South Dakota North Dakota Wisconsin Iowa 185

Anders CPA

JANUARY 2, 2024

Snyder, CPA in Tax and Clay M. About Ryan Huff Ryan began his accounting career at Anders in 2008 and has worked his way up to principal as a technical resource for the tax department. To help his clients with complex tax situations, Ryan stays on top of the latest tax legislation and researches unique strategies.

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Missouri forensic accounting Illinois public accounting 59

Anders CPA

OCTOBER 25, 2023

About Jane Maddox – Tax Jane joined the firm in 2011 and has over a decade of experience specializing in tax planning strategies for individuals and privately held businesses involved in real estate development, investment and construction. in Accountancy from the same university. in Accounting from Saint Louis University.

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Real Estate Illinois Missouri Construction 97

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans.

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Kansas income tax Kentucky Tax 64

TaxConnex

APRIL 27, 2021

Sales tax obligations are getting more complicated for businesses of all industries. In this blog, we’ll talk to some of the common missteps businesses make when trying to manage sales tax on their own. Figuring out where you have nexus is key to determining your sales tax liability. Not evaluating economic nexus.

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Sales Tax Wisconsin Missouri 130

CPA Practice

SEPTEMBER 11, 2023

The Wisconsin Institute of Certified Public Accountants or WICPA has announced a series of upcoming conferences including the following: Business & Industry Fall Conference – September 18, 2023 at the Brookfield Conference Center in Brookfield, Wisconsin, which will be livestreamed for those not able to attend the conference in person.

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CPA Wisconsin North Carolina Iowa 111

Anders CPA

APRIL 17, 2024

University of Missouri alumnus and longtime supporter Craig Campbell, CPA/CGMA , Tax Partner at Anders CPAs + Advisors, was selected as a Citation of Merit recipient for 2024 by the University of Missouri’s Robert J. Trulaske, Sr. College of Business. This represents the most prestigious award that the college bestows.

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Real Estate Missouri Construction cpas 64

TaxConnex

JUNE 22, 2023

Supreme Court’s Wayfair decision gave tax jurisdictions the power to require out-of-state companies collect and remit sales tax. But the latter then had to evaluate changing tax responsibilities under economic nexus thresholds and physical presence standards. Government Accountability Office. Easing off?

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South Dakota North Dakota Colorado Minnesota 130

CPA Practice

DECEMBER 20, 2023

Top 200 accounting firm Honkamp recently added one of the 20 largest CPA firms in the St. The new location will be the first office in Missouri for Honkamp, and the merger increases the firm’s headcount to about 300 employees. Founded in 1976, Schowalter & Jabouri is a full-service attest, tax, and business advisory firm in St.

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cpa firm CPA Iowa Wisconsin 104

CPA Practice

JUNE 1, 2023

AICPA & CIMA Now Offers New Learning Tools for Accounting Professionals The AICPA & CIMA recently announced the offering of anew online learning platform to help accounting and finance professionals improve and update their skills to take advantage of a digital accelerating business environment.

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TaxConnex

MARCH 24, 2022

In the world of sales tax, household names like Amazon, eBay and Etsy are major marketplace facilitators. Not only that, the marketplace facilitator in many situations assumes the responsibility for collecting and remitting the applicable sales tax. But there are, as always in the world of sales tax, conditions.

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South Dakota Nevada Missouri Minnesota 173

CPA Practice

MAY 18, 2023

Victoria Saravia Bazoberry (New York), a graduate of the University of Notre Dame with a Bachelor of Business Administration in accountancy, is employed with KPMG LLP in New York, NY. Sells, one of the first CPAs in the U.S., was active in the establishment of the AICPA and played a key role in advancing education within the profession.

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TaxConnex

JUNE 22, 2021

The years since June 2018 have been unlike anything in the history of sales tax. Supreme Court Wayfair decision three years ago empowered tax jurisdictions with the sudden authority to require thousands of companies to collect and remit sales tax. How has the sales tax landscape changed in just 36 months? Wayfair case.

South Dakota 130

South Dakota E-commerce South Carolina Missouri 130

Anders CPA

JANUARY 15, 2024

In the Missouri cannabis market , where we know the $1 billion market is expected to grow to $1.2 Cannabis Market Projections Profit-focused accounting is about helping clients turn their attention to the things they can control. But an accurate year plan depends on considering market changes and trends, such as supply chain issues.

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Retail Missouri Sales CPA 96

Anders CPA

DECEMBER 8, 2022

The end of the year is an opportunity to get your affairs in order for the year ahead, and when it comes to tax planning, the sooner you begin preparations the better. As 2023 approaches, there are actions that can be taken now to offset or minimize your tax burden. Take Advantage of Estate and Gift Tax Exclusion Expansions.

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MyIRSRelief

JULY 3, 2023

Contact us for professional tax help today! During an ERC audit, the IRS reviews the business’s records, including payroll records, tax returns, and supporting documentation related to ERC claims. What Skills Should I Look for in a Tax Professional for ERC Audit Representation? Understanding ERC IRS Audits 1.1

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Going Concern

MAY 9, 2023

Deloitte announced its Chief Tax Officer Program is bringing on Paul Stephens, a 25 year veteran of AT&T, to serve as independent senior advisor. His job will be to advise Deloitte Tax staff and senior leadership “while also helping CTOs and their finance organizations create value for their enterprises and communities.”

Tax 52

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CPA Practice

JULY 18, 2023

If you’re part of that rising tide, you need to know how to tax shipping and delivery charges. Charges for a company to deliver goods in its own vehicle are often taxed differently than charges for delivery by common carrier or private carrier. or “Is there sales tax on U.S. What follows are general guidelines, not tax advice.

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Sales Retail Tax West Virginia 98

Anders CPA

OCTOBER 1, 2022

in Business Administration, Marketing and Accounting. Her clients have benefited from Lesley’s exhaustive experience with various consulting services, including accounting process and internal control improvements, as well as quality of earnings analysis and financial statement due diligence. Louis University and a B.S.

Missouri 52

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Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

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CPA Practice

JUNE 13, 2023

businesses shows that online sales tax compliance remains complex and confusing for businesses to navigate as we mark the fifth anniversary of the Wayfair decision. a provider of cloud-based tax compliance automation for businesses of all sizes. Tax Policy at Avalara. A new survey of 1,000 U.S. As a result, 49% of U.S.

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ThomsonReuters

JUNE 21, 2021

Repaying Deferred Social Security Taxes . In addition, a Presidential Memorandum signed on August 8, 2020, allowed employers to defer the employee’s share of Social Security tax from September 1, 2020 through the end of tax year 2020. . credit for employer FICA tax paid with respect to employee cash tips.

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ThomsonReuters

APRIL 18, 2023

The accounting profession has faced a profound shift in recent years: from significant regulatory changes to an influx of innovative technologies, to reimagined business models, to an increase in client expectations. What are the current issues in accounting? but there are several common hurdles that often run industry wide.

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