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What happened in sales tax in 2022

TaxConnex

But others clung to hiking sale taxes: Kentucky considered gradually replacing its individual income tax with a broader sales tax. South Dakota rejected a proposal to cut the state sales tax. Some sales tax bills passed; others didn’t. billion in sales online, up 4% over last year and accounting for 16.7%

Sales 130
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Sales tax and nonprofits

TaxConnex

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes. Washington State gives no blanket exemption to nonprofits.

Sales 147
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Friday Footnotes: EY Split Drags Out; Advisory Firm Defrauds Clients; Student Loan Forgiveness and Taxes | 9.2.22

Going Concern

EY’s talks on whether to separate its audit segment from its consulting arm are set to continue into this Autumn – despite initial suggestions the Big Four firm could reach a decision by the end of summer. Accounting Firm M&A. EY’s talks on potential split to continue into Autumn [ City A.M.