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

TaxConnex

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. accountable for not collecting an appropriate amount of sales tax on the promotional gift cards given with certain purchases. billion in April, 12.8%

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Crypto, NFTs and sales tax: What we know so far

TaxConnex

Crypto appears to offer a hedge when economies wobble and recently captured headlines as a monetary rescue for a war-battered Ukrainian government. There’s similar interest in California, Arizona, New York, Hawaii and Massachusetts – not to mention the federal government, which may soon explore digital currency for the U.S.

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Monday Morning Accounting News Brief: EY Brings in a Crisis Expert; CEOs Deprioritize Talent in Deloitte Survey | 7.24.23

Going Concern

Gold led Herbert Smith, one of the UK’s top law firms, from 2005 to 2010 and has subsequently built a new business advising large companies facing high-profile problems with ethics, governance and corruption. Steven Wasserman wants everyone to know that the accountant shortage isn’t limited solely to accounting firms.

Account 52
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Hawaii to Offer Tax Amnesty to Switch Short Term Rentals to Long Term

CPA Practice

Hawaii has some of the highest median home prices and rents in the country — and a persistent housing crisis. Could tax incentives geared toward turning Hawaii short-term rentals (STRs) into long-term housing increase housing stock and decrease rents for Hawaiians? By Gail Cole. Governor Josh Green thinks so.

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Why a Wealth Tax Would Be Horrible for American Taxpayers

CPA Practice

Massachusetts introduced a state-level wealth tax last year, and the legislatures in California , Connecticut , Hawaii , Illinois , Maryland , New York , Oregon and Washington have all seen wealth tax bills introduced this year. Those 87,000 new IRS agents the government is hiring? The wealthiest among us.

Tax 105
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The 10 Best Property Taxes By States in 2021: Move Here to Save Money!

LyfeAccounting

As you know, property taxes help to fund your local state government. Not only is Hawaii the most popular travel destination in the country, but it also has the lowest property taxes. Now, Hawaii is one of the most beautiful places in the world, and this property tax rate is very affordable for homeowners. Let’s begin!

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The 10 States With the Lowest Property Taxes in 2021

LyfeAccounting

As you know, property taxes help to fund your local state government. Not only is Hawaii the most popular travel destination in the country, but it also has the lowest property taxes. Now, Hawaii is one of the most beautiful places in the world, and this property tax rate is very affordable for homeowners. Let’s begin!