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What's new in May for state sales and use taxes

TaxConnex

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries. Food for thought.

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U.S. Exports to Cuba Increased in 2023

CPA Practice

companies, many based in Miami and Hialeah, exported food and agricultural products worth $342.6 Kavulich said exports other than agricultural products, medicines and donations, which are authorized under specific licenses and policies implemented by the Obama and Biden administrations, were approximately $24 million. That’s a 12.4%

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This Accounting Job Will Become Scarcer in the Next Five Years, WEF Predicts

CPA Practice

According to the WEF’s report, the jobs that businesses expect to grow the most relative to the existing proportion of their labor force for today are: AI and machine learning specialists Sustainability specialists Business intelligence analysts Information security analysts Fintech engineers Data analysts and scientists Robotics engineers Big (..)

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Menzies Deal Alert: Menzies assist on the sale of CM Research

Menzies

Menzies LLP - A leading chartered accountancy firm. Our Corporate Finance Team with legal advisers Weightmans LLP , recently advised the shareholders of CM Research Ltd, on the sale of the business to US PE backed Kynetec, for an undisclosed sum.

Sales 52
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ADM delays annual report, warns on internal controls

Accounting Today

The Chicago-based agricultural commodity trader said the issue with internal controls relates to the way it reports sales between segments.

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Uncovering hidden opportunities: The power of reverse audits in sales tax compliance

ThomsonReuters

Jump to: What is a reverse sales tax audit? What is a reverse sales tax audit? There are many reasons why a company might overpay sales or use taxes without knowing it. What information is necessary for a reverse audit? Such audits can also uncover industry-specific credits and exemptions that may have been overlooked.

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Starting Early: Inside Community First’s Youth Agriculture Lending Program

PYMNTS

who participate in 4-H, Future Farmers of America (FFA) or other programs that encourage young farmers to raise their own livestock for sale at county fairs. Community First has been offering youth agriculture loans of $100 to $2,500 at 0 percent interest for five years. Such cash infusions are real needs for children across the U.S.