article thumbnail

Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

article thumbnail

State Sales and Use Tax Update

TaxConnex

Sales tax accounted for the largest decline, falling $918 million, or 23 percent. Sales tax is the largest source of state funding for the Texas budget, accounting for 60 percent of all tax collections. In Vermont , three letters can mean a lot. New York City tax revenues in March and April fell $1.15 billion (3.5

Sales 224
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How the 50 States Rank By Lifetime Taxes

CPA Practice

Taxpayers in Washington will pay the most on everyday expenses ($83,014), followed by those in California ($78,191), accounting for food, clothing, personal care, and entertainment. Vermont $1,442,094 $651,434 45.2% Vermont $1,442,094 $651,434 45.2% Connecticut $1,731,261 $855,307 49.4% New York $1,658,872 $748,199 45.1%

article thumbnail

2023 state legislatures break even on efforts to tax sports wagering?

ThomsonReuters

Earlier this summer, Kentucky, North Carolina, and Vermont all enacted laws that legalize and tax sports wagering activities. Start your free trial today.   The post 2023 state legislatures break even on efforts to tax sports wagering  appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Sports 52
article thumbnail

Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

Those affected by flooding in Vermont. The IRS Online Account feature provides information to help taxpayers file an accurate return including AGI amounts from last year’s return, estimated tax payment amounts and refunds applied as a credit. An IRS Online Account is needed, however, to use IRS Direct Pay. They have until Oct.

article thumbnail

Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

Those affected by flooding in Vermont. The IRS Online Account feature provides information to help taxpayers file an accurate return including AGI amounts from last year’s return, estimated tax payment amounts and refunds applied as a credit. An IRS Online Account is needed, however, to use IRS Direct Pay. They have until Oct.

article thumbnail

Recent Data Study Reveals Most Popular Side Hustle in Every U.S. State

CPA Practice

States with the least interest in finding a side hustle are Florida, Vermont, and Maine – all of which are on the East Coast. States with the highest level of interest in side hustle jobs in 2023 are Washington, Oregon, Idaho, and Utah – which could mean that the western U.S. is feeling the economic impact the most.