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Sales tax ‘responsible party’ laws still going strong

TaxConnex

Most states’ sales tax registration forms ask for Social Security or driver’s license numbers (or both) of at least one corporate officer or executive. And in a case similar to one that might have involved sales tax, the president of a corporation was properly held liable for the corporation’s unpaid Ohio personal withholding taxes.

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Atlanta Businessman Sentenced to 5 Years for Bribery and Tax Evasion

CPA Practice

million in taxes. According to court documents, Lohrasb “Jeff” Jafari, 72, of Alpharetta, Georgia, was the executive vice president of PRAD Group, an architectural, design, and construction management firm headquartered in Atlanta that performed services for the City of Atlanta and DeKalb County. million in taxes. Polite, Jr.

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Guy Blames Failing the CPA Exam on Why His Clients Got Busted for Bank Fraud and Tax Evasion

Going Concern

One Georgia accountant is gonna give it a shot anyway. We’re talking about the case today not because we care what is happening with these people but rather because the couple’s accountant is in trouble as well and said accountant’s lawyer has offered an interesting defense for why he got tied up in this mess.

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Avalara Gives Update on Online Marketplace and Tax Changes in 2024

CPA Practice

By 2027, marketplaces may account for 59% of ecommerce globally. Remit sales tax to the proper tax authority Once sales tax has been collected as required, it must be remitted on time with a sales tax return to the proper tax authority. That’s the case in Georgia and Tennessee. By Gail Cole.

Tax 59
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How to Incorporate a Business – 6 Easy Steps!

LyfeAccounting

C-corps are taxed once at the company level, and distributions of profits (aka dividends) to shareholders are taxed again on shareholders’ personal tax returns. Here is what this process looks like for Georgia. After you have your EIN, you’ll then be able to open a business bank account. Make sense?

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How to Start a Nonprofit Organization in 2021 (Step-by-step)

LyfeAccounting

When people give you money or they give you grants, they can write them off as a charitable donation on their tax return. For example, in Georgia, your nonprofit must include at least 3 directors not related to each other. So in Georgia, you need 3 people, and in California, you need 6 people.

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Sales and Use Tax Updates from March

TaxConnex

Municipalities in Alaska, which has no statewide sales tax, have begun banding together to impose tax on remote online sales into their jurisdictions. Georgia lawmakers have introduced H.B. 594 , which would impose the Georgia sales tax on digital goods or services. 10 to report use tax.