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Amazon, Ebay and Other Marketplaces Sue Georgia Over Law Affecting Online Sales

CPA Practice

Rosie Manins, The Atlanta Journal-Constitution (via TNS) The trade association for online marketplaces including Google, Amazon and eBay is trying to void a new Georgia law that extends requirements for collecting seller information, alleging it will hurt Georgia businesses. It’s unclear to us why Georgia decided to go down this path.”

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Sales tax ‘responsible party’ laws still going strong

TaxConnex

But not for sales tax liability, where most states still maintain strong responsible party laws. And they can come as a real shock: CEOs, CFOs, directors and other execs can be held personally responsible for sales tax shortfalls. That’s true for many of the fiscal messes that can befall a company. How do they know who’s responsible?

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Georgia CPAs Advocate for Profession at State Capitol

CPA Practice

More than 100 members of The Georgia Society of Certified Public Accountants (GSCPA) recently met at the state Capitol to share their thoughts on important issues facing the accounting profession with their elected officials. Chairman David Knight and each member of the Georgia CPA Caucus: Chairman John Carson, Rep.

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Georgians Claimed Over $109 Million in Tax Deductions For ‘Unborn Dependents’

CPA Practice

The new deduction is the result of Georgia’s 2019 abortion law, which allows expectant parents to claim an embryo or fetus as a dependent on their taxes. Georgia is the only state known to have that kind of deduction. Compared with Georgia’s $36.1 A deduction lowers your taxable income, but a credit lowers your tax bill.

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Georgia Tax Preparer Pleads Guilty to Federal Tax Fraud Charges

CPA Practice

(TNS) A Columbus, GA-based tax preparer has pleaded guilty in federal court to charges that she submitted false claims for tax credits for her clients and also failed to pay her own personal taxes. Nadine Word pleaded guilty to preparing and submitting false tax returns and failing to file her personal tax returns,” James E.

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TaxConnex™ Chosen to Speak at Two GSCPA Events This Fall and Exhibiting this Week at the Southeastern Accounting Show!

TaxConnex

We are excited to announce that we have been chosen by the Georgia Society of CPAs to speak at two events this fall and exhibit at this week’s Southeastern Accounting Show ! “We We are grateful GSCPA has asked us to help shed a light on the complexities of sales tax in our sessions.”. We hope to meet you in-person at the event!

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How the 50 States Rank By Lifetime Taxes

CPA Practice

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.