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How Small Retailers Can Handle Sales Tax on Shipping: State-by-State Guide

CPA Practice

Worldwide retail ecommerce sales could reach $6.169 trillion in 2023 and comprise 22.3% of total retail sales. The following guide provides more detailed information for each state and answers frequently asked questions like, “Do you charge sales tax on items shipped out of state?” or “Is there sales tax on U.S.

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Friday Footnotes: Accountants Are Into AI; KPMG Atlanta MP on ICE T; 150 Hour Inequity | 8.18.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. million for being negligent in giving advice over a stock-sale transaction. The accounting firm said it will challenge the finding. is facing labor agitation on two fronts.

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Five Ways to Help Clients Maintain Accuracy in Financial Reporting

CPA Practice

Even if no fraud was committed, the initial suspicion can linger, leaving a potential negative mark on an otherwise clean account. When confidence is shaken, further business opportunities for a potential sale, merger, or investment disappear, which can stifle growth or even result in closing the business.

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QSBS Exemption Explained: What Investors and C-Corp Executives Should Know

inDinero Accounting

The IRS defines a qualified trade or business as any field other than the following: Health Law Engineering Architecture Accounting Actuarial science Performing arts Consulting Athletics Financial services Brokerage services Farming Hotels Motels Restaurants Finally, businesses reliant on the reputation of an owner or employee, don’t qualify.

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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Consumers who can’t maintain a minimum checking account balance pay monthly fees. Said simply, premium goods favored by wealthier shoppers go on sale more often than staple goods bought by more down-market shoppers. Being poor is expensive. And there is the availability issue — also known as the “food desert” problem.

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