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What's new in state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its

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States Feel Budget Pinch Amid Darkening Revenue Projections

CPA Practice

After two years of record tax collections, budget writers in some states are starting to feel a revenue pinch created by a slumping stock market, banking and tech layoffs, slower consumer spending and lower energy prices. In New York state, personal income tax revenue plummeted by $9.1 Democratic Gov. billion in the next three years.

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

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Last Week in Payroll: In Like a Lion; Out Like a Lamb

ThomsonReuters

Also, certain Forms 1099 must be filed by March 1, 2021 – except new tax year 2020 Form 1099-NEC for nonemployee compensation, which had a due date of February 1, 2021 (typically January 31, but it fell on a weekend). Unemployment tax rates increasing in 2021. Unemployment tax relief. IRS forms and publications. 2021, H65].

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ESG Payroll Spotlight: Just Transition for the Workforce Toward a Net-Zero World

ThomsonReuters

Developers are also required to pay construction employees a prevailing wage and benefits as prescribed by state law. . Maryland Climate Solutions Now Act. The Act established an Energy Transition Economic Development Assistance Fund that helps employers to qualify for tax relief for hiring displaced workers. The state’s?

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What Every Advisor Should Know About the Cannabis Industry

Anders CPA

In this podcast episode from the Summit Virtual CFO by Anders Modern CPA Success Show , Tom Wadelton is joined by colleagues, Christy Buchanan and Guillermo Rodriguez , as they discuss the cannabis industry as a niche for accounting firms. Join us as we change the way people think about accounting. Six months or something. Is it that?