TaxConnex

JANUARY 26, 2023

There’s always something changing in the world of tax, especially sales tax. Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. Crystal ball time. Oneida, N.Y.,

Sales 130

Sales Tax Arkansas Missouri 130

TaxConnex

AUGUST 15, 2023

There’s always something changing in the world of tax, especially sales tax. Midyear sales tax. The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected.

Sales 130

Sales Tax Alabama Texas 130

TaxConnex

JANUARY 17, 2023

Online sales could not exist without shipping, and the charges associated with shipping are subject to sales tax in many states. Question is, who has to pay that sales tax these days, and where? For sales tax purposes, you’ll see reference to “shipping,” “shipping and handling” (Arizona taxes these two, for instance) and “delivery”.

Rhode Island 130

Rhode Island West Virginia Alaska North Dakota 130

TaxConnex

MARCH 22, 2022

Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. Somebody can: the states and tax jurisdictions themselves. collection discount to help with the costs of managing sales tax.?If Slightly more than half the states offer various discounts for sales tax filers.

Sales 194

Sales Utah Tax South Carolina 194

TaxConnex

FEBRUARY 1, 2022

One of the next big trends in sales tax is one you should start thinking about: states taxing digital advertising. Right now, a little more than two-thirds of states with a sales tax impose a tax on the sale of such digital goods as videos and music. Who’s doing what among states with this new breed of tax?

Maryland 169

Maryland West Virginia Tax Connecticut 169

TaxConnex

JUNE 8, 2021

There’s always something changing in the world of tax, especially sales tax. They were the last two states with a sales tax to set up such requirements.). The bill requires the collection and remittance of sales and compensating use tax by most marketplace facilitators beginning July 1. And 2021 continues to prove that.

Sales 143

Sales Tax Arkansas South Carolina 143

TaxConnex

JULY 13, 2023

As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. Arkansas, Aug. 13-19: Qualifying clothing and footwear priced $100 or less will be exempt from sales tax. Connecticut: Tax-free week begins on the third Sunday of August and runs until the following Saturday. Iowa , Aug. Texas, Aug.

Sales 130

Sales West Virginia South Carolina Tax 130

CPA Practice

AUGUST 3, 2023

This list includes every back-to-school sales tax holiday this summer, from July 27, 2023, through the end of August. Rules for tax-free shopping can vary from state to state. So, just because something is tax-exempt in one state doesn’t mean it will be in another. Does Summer Camp Qualify for a Childcare Tax Credit?

Sales 96

Sales South Carolina West Virginia Tax 96

TaxConnex

OCTOBER 25, 2022

There’s always something changing in the world of tax, especially sales tax. The Urban Institute told news outlets that 25 states recently reported year-over-year declines in sales tax receipts, a jump of more than a third in just a month. Nationwide, sales tax receipts were up 1.5% Inflation bites. in real terms.

South Dakota 130

South Dakota Sales Tax South Carolina 130

TaxConnex

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Due to all of the above, it’s hard to fill any position at this point, but a job with specific skills, especially with experience managing sales and use tax, can be downright impossible. Local jurisdictions from Geneva, N.Y.,

Sales 162

Sales E-commerce Tax Florida 162

TaxConnex

FEBRUARY 8, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax revenues and their local portions are reported up from Auburn, N.Y., Many other states are finding more late-2021 sales tax revenue to funnel toward local governments. billion in sales taxes for December, $101.9

Sales 173

Sales Tennessee Tax Massachusetts 173

TaxConnex

JUNE 30, 2022

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. nexus requires remote sellers to collect sales tax because they hit set thresholds for state and jurisdiction revenue. Groundwork.

Sales 200

Sales Oklahoma Arkansas Alabama 200

TaxConnex

JUNE 14, 2022

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. nexus requires remote sellers to collect sales tax because they hit set thresholds for state and jurisdiction revenue. Groundwork.

Sales 199

Sales Oklahoma Arkansas Alabama 199

CPA Practice

APRIL 12, 2023

million people across the nation (state-by-state list below) have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. billion in refunds remain unclaimed because people haven’t filed their 2019 tax returns yet. The Internal Revenue Service says that nearly 1.5 The IRS estimates almost $1.5

Rhode Island 122

Rhode Island tax return Tax West Virginia 122

CPA Practice

JUNE 29, 2023

Taylor, Kiplinger Consumer News Service (TNS) The IRS, after confusing millions of California taxpayers with tax balance-due notices in May and June, will send follow-up letters to people in states that received extra time to file their federal income tax returns due to severe weather events. 16, 2023 to file. 16, 2023 to file.

income tax 111

income tax Mississippi tax return Arkansas 111

Going Concern

DECEMBER 12, 2022

Today we learn that Arkansas is not being hit with the accountant shortage as bad as other states : In Arkansas, the decline is not as severe. Whether there are any problems on the performers’ tax return filings—or indeed whether there are any commonalities—remains to be seen.” Lastly, “finance or accounting?”

Arkansas 52

Arkansas Account accountant accounted 52

CPA Practice

FEBRUARY 6, 2024

The Arkansas Society of Certified Public Accountants (ARCPA) announced the 2024 ARCPA Student Education Fund Golf Tournament, which will take place on Monday, May 20, 2024 at the Maumelle Country Club. All net proceeds from the tournament will be used to fund scholarships to college and university accounting students in Arkansas.

CPA 64

CPA Illinois Arkansas Idaho 64

Withum

MARCH 24, 2021

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Arkansas 52

Arkansas Tax 52

Going Concern

SEPTEMBER 8, 2023

Little Rock housing authority will provide auditing firm with range of requested documents [ Arkansas Advocate ] HUD assessed Little Rock’s federally-funded public housing authority’s physical condition, financial condition, management and use of its capital fund and gave it 40 points out of a possible 100.

Tax 113

Tax Kansas Arkansas Real Estate 113

Anders CPA

MAY 15, 2023

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Below we dive into the state and unemployment tax responsibilities employers need to know.

payroll tax 52

payroll tax payroll South Dakota Rhode Island 52

CPA Practice

JANUARY 3, 2024

With this merger, ATA now has 240 employees and 16 locations across four states—Tennessee, Arkansas, Kentucky, and Mississippi. WTD’s 47 years of expertise ranges from tax preparation and accounting services to more in-depth services, such as audits, financial statements, and financial planning.

cpas 59

cpas Tennessee Mississippi Arkansas 59

CPA Practice

DECEMBER 19, 2023

Incorporating at the End of the Year The primary advantage of incorporating before the end of the year is your clients can then take advantage of the tax benefits owning a corporation offers, including writing off the costs of incorporating on this year’s taxes.

Rhode Island 116

Rhode Island West Virginia South Dakota North Dakota 116

ThomsonReuters

MARCH 22, 2021

Keeping Up with Taxes. The legislation levied a direct tax on the American Colonies in an effort to pay off debts and defend new American territories won from the French in the Seven Years’ War. So, why the brief history lesson on American Colony taxes? For payroll, in particular, there are a number of taxes.

payroll 52

payroll Tax Arkansas Texas 52

inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

Delaware 52

Delaware Nevada Tax Sales 52

CPA Practice

APRIL 14, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. Under the law, taxpayers usually have three years to file and claim their tax refunds.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

APRIL 13, 2023

have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return, the IRS said on Wednesday. billion in refunds remain unclaimed because people have not filed their 2019 tax returns yet. Under the law, taxpayers usually have three years to file and claim their tax refunds.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

LyfeAccounting

JULY 1, 2021

And we’ll be talking about that in today’s post – the 10 most outrageous things you are taxed on. Top 10 Outrageous Things You Are Taxed On. The first one on our list of outrageous things you are taxed on probably never crossed your mind – illegal activities. Let’s dive in! Illegal Activities.

Tax 52

Tax Gambling tax return income tax 52

CPA Practice

FEBRUARY 17, 2023

Marketplace facilitators are being required to monitor and vet high-volume marketplace sellers in a growing number of states, including Arkansas , California , and Oklahoma. Make a business collect your sales tax. By Gail Cole. This legislation takes that concept one step further and turns businesses into law enforcement agents.

Oklahoma 105

Oklahoma Arkansas Sales Tax 105

TaxConnex

MARCH 21, 2024

There’s always something changing in the world of tax, especially sales tax. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties. The ol’ one-two.

South Carolina 194

South Carolina Sales Tax Alabama 194

Going Concern

FEBRUARY 9, 2024

Big 4 Big Four Lobby Congress on Accounting Pipeline, AI, Crypto [ Bloomberg Tax ] PwC spent the most at $3.27 In a summary of the report, Linklaters said six unidentified partners outside Australia should have asked where the tax information had come from and that disciplinary action had been taken against them. “Win big?

Technology 95

Technology Colorado audit cpa firm 95

PYMNTS

DECEMBER 15, 2020

Shoe Palace provided a $52 million pre-tax profit in the year ending Dec. In separate recent acquisition news, Murphy USA , the Arkansas fuel chain, has agreed to a $645 million all-cash deal to buy New Jersey convenience store company QuickChek. 31, 2019, and the gross assets in its audited balance sheet were $197 million as of Dec.

Sports 88

Sports California Hawaii Arkansas 88

TaxConnex

OCTOBER 3, 2023

There’s always something changing in the world of tax, especially sales tax. billion in tax revenue on sales tax holidays that offer breaks on such goods as back-to-school or disaster-preparedness items. The other prevalent argument is that sales tax holidays are a way of giving tax relief. “The

Sales 147

Sales Louisiana Tax Tennessee 147

TaxConnex

AUGUST 17, 2021

Sales tax is full of complexities, but there are certain topics that seem to cause more of a headache than others. Who’s responsible for the tax? Who is ultimately responsible for the sales tax in this three-party transaction? If the distributor has nexus in Illinois, then they are required to charge Illinois sales tax.

South Carolina 238

South Carolina Utah Illinois Sales 238

CPA Practice

APRIL 3, 2024

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest.

Rhode Island 111

Rhode Island Alaska Tax New Hampshire 111

ThomsonReuters

JANUARY 30, 2023

Table of contents: Minimum wage Paid leave Tax credits Unemployment Earned wage access Pay transparency Tipped workers Worker classification State-run retirement plans Work scheduling 1. Arkansas has a bill that would require employers to provide paid maternity leave ( House Bill 1006 ).

payroll 105

payroll Hawaii West Virginia Oklahoma 105

CPA Practice

APRIL 9, 2024

A new study by WalletHub revealed that residents of New York state are burdened by taxes the most among the 50 states, while Alaska residents have the lowest tax burden. The following are some key findings from WalletHub’s study: As previously stated, New York has the highest overall tax burden, while Alaska has the lowest.

Rhode Island 98

Rhode Island Alaska Tax New Hampshire 98

CPA Practice

JANUARY 3, 2024

Taylor, Kiplinger Consumer News Service (TNS) As we venture into the new year, 2024 brings a wave of changes in state taxes across the country. From gas taxes to property tax amendments and income tax cuts, being aware of these changes is crucial since state and local taxes are among the highest taxes most people pay.

Tax 128

Tax Kansas income tax Montana 128