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Kentucky now taxes a range of services

TaxConnex

“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. The Bluegrass State looks to expand sales tax on what it calls high-growth services. Businesses without a sales and use tax account must apply for one. Get in touch to learn more.

Kentucky 147
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Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

the potential market available to tax and accounting firms is massive. How to market tax and accounting services. People search online for products and services, including accounting services. A better approach is to build a reputation as an accounting expert. Your sales cycle is much faster. With more than 144.3

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The new breed of audit

TaxConnex

Audits remain an important tool for tax jurisdictions to evaluate the level, or lack thereof, of sales tax compliance within a business. Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. And of course, save paper. Top 10 Tips for Managing Sales Tax Audits.

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Exploring key 2024 tax bill proposals

ThomsonReuters

Societal concerns: The act underscores broader societal concerns about income inequality and corporate accountability, urging tax firms to engage in discussions aligned with financial goals and ethical responsibilities. As these proposals progress, it will be interesting to see how they shape the future of taxation in the United States.

Tax 110
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Accounting Leads: 21 Tactics to Generate More

Ryan Lazanis

If you’re looking for tried, tested, and true tactics to help you generate more accounting leads for your firm, you’re in the right place. Table of Contents What is Lead Generation for Accountants 21 Tactics to Help You Generate Leads What is Lead Generation for Accountants? Let’s go! followers. followers.

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Building a better business case: 5 ways to demonstrate ROI for sales tax automation

ThomsonReuters

To build a persuasive business case for sales tax software , professionals need to explain how automating certain tax functions and improving reporting and analysis will benefit the company as a whole. Keep reading for 5 ways to calculate and communicate ROI in your business case for sales tax automation.

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Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

And even if the project gets approved, cross-departmental discussions and support – from accounts payable, procurement, finance, IT, etc. – Wing: A hidden benefit of sales tax automation is that it prohibits nontax professionals from determining the tax, thus reducing the risk of errors and violations.