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Are Digital Ad Taxes Spreading?

TaxConnex

Maryland has a n ew tax on digital advertising and has extended the state ’ s existing sales and use tax to the sale of such digital goods as digital code, streaming, music, ring tones, e-books and audio books, movies, online newspapers and cable, satellite and pay-per-view television programming.

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Charging sales tax based on an IP address

TaxConnex

Recently, Massachusetts, Oregon, Indiana New York and Connecticut were among states joining Maryland in again attempting to tax digital advertising and data in new ways. Will all social media networks now be required to obtain full addresses of their account holders?”

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Maryland Community Bank Wades Into Cannabis Market

PYMNTS

Providing financial services to legal marijuana businesses in the U.S. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Everybody I talk to has accounts at Severn … I don’t know how else we would do business.”.

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What happened in sales tax in 2022

TaxConnex

The year started with attention on new online products and sales tax – notably in Maryland with its tax on digital advertising. Observers immediately called the Maryland law “incredibly vague” on definitions. Recreational marijuana, for example, was on the ballot to legalize in many states – as were measures to levy sales tax on it.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity.

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Best States to Practice Dentistry In

DentalAccounting

Clearly, the analysis from 24/7 did not take taxes into account as these are probably the highest tax states. If you need a higher level of tax expertise, then we recommend requesting a member of the Dental Accounting Association. All Dental Accounting Association members are Certified Tax Coaches in addition to being a CPA.

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The Hidden Costs of Payroll Advance Apps

CPA Practice

It arrives as policymakers in states such as Maryland and in the U.S. It is alarming that some policymakers are ignoring the evidence, taking legal protections away from consumers, and exposing them to harms from advance apps.” Congress move to exempt advance apps from consumer protection laws.

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