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5 States with the Lowest Combined Business Taxes

CPA Practice

One crucial factor to consider when selecting your business location is the tax environment. Business taxes can significantly impact your bottom line and overall profitability. The importance of business taxes As an entrepreneur, you face countless decisions when starting a business.

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What's new in July for state sales and use taxes

TaxConnex

95 , beginning July 1, 2023, local tax collectors have to provide notice of their intent to audit that also “advise[s] the taxpayer that the taxpayer may request a multi-parish audit.”. Several states tinkered with their sales tax exemptions this summer. Iowa has modified its sales tax base. Free for all.

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What was new in October for state sales and use taxes

TaxConnex

The plaintiffs have reportedly said that Louisiana’s patchwork sales tax compliance system is a labyrinth filled with audit traps and now say the case belongs in federal court because Wayfair was ultimately decided in the U.S. Under Virginia law, software delivered electronically via the Internet is exempt from sales tax.

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Friday Footnotes: PwC’s Head of Reputation Quits; KPMG’s New Commercial; EY Split Still on the Menu | 6.9.23

Going Concern

Big 4 Should scandal plagued PwC take the lead and split its advisory unit off from auditing? Herald Sun ] PwC’s global boss Bob Moritz, insisted that keeping both the auditing business and the advisory division – which gives deal and tax advice, and consulting services – gave it a competitive advantage.

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Maryland Digital Ad Tax Case Leaves States in Limbo, But Digital Taxes Aren’t Going Away

CPA Practice

The digital economy has caused an incredible shift in how jurisdictions create, administer, remit and audit indirect taxes. Over the last decade, businesses, governments, regulators and policy makers have all been trying to make sense of this new retail landscape. or coming back into the state from Virginia.