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Accounting Professor Indicted on Fraud Charges Over Embezzlement Claims

CPA Practice

The charges identified Kroger as a professor of business and accounting, but does not specify where. According to the indictment, Kroger and a business partner identified only as “Individual A” set up a Wyoming-based company called Lone Star Municipal Finance Company LLC in October 2019.

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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. Code § 15-5-133 , freight costs incurred prior to retail sale are considered part of gross sales and therefore subject to tax. Is shipping taxable? They’re generally exempt when the sale is exempt.

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Professionals on the Move – August 2023

CPA Practice

Professionals on the Move is a round-up of recent hiring and promotion announcements from across the accounting space. He provides accounting and assurance services to both public and privately held companies, primarily those within the construction and manufacturing sectors. Deatrick joined the firm in 2009.

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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. The success of online marketplaces is inspiring many retailers to operate marketplaces of their own. As the retailer liable for sales tax, marketplace facilitators are typically responsible for validating exempt transactions too.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox. Late last week, the U.S.

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