TaxConnex

JANUARY 27, 2022

In the three calendar years following the Supreme Court’s 2018 Wayfair decision, the last of the states with a sales tax (Florida and Missouri) finally passed economic nexus legislation. (In Arkansas, Kansas, Pennsylvania, Tennessee, Texas and Florida were the latest states to report sales tax revenue shattering predictions.

Sales 161

Sales E-commerce Tax Florida 161

TaxConnex

MAY 4, 2021

Florida and Missouri have not implemented any economic nexus standards — but stay tuned as each state is considering options. Audits have always been a threat from tax jurisdictions, but the combination of the Wayfair case plus the pandemic-induced recession makes it likely that things are going to get worse before they get better.

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Sales Tax South Dakota audit 246

TaxConnex

AUGUST 25, 2022

Most recently, for instance, the last states with a state-wide sales tax (Florida and Missouri) joined the ranks of those enforcing economic nexus. Audits are a clear danger. If you and your company haven’t been hit with a sales tax audit yet, congrats. Your luck probably won’t hold out forever: In our recent?

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Sales Tax audit Alaska 163

TaxConnex

FEBRUARY 8, 2022

Florida , a newcomer to economic nexus, collected $398.8 Missouri has released a private letter ruling determining that a company’s private wireless network was not subject to Missouri sales tax. The company provides wireless services in Missouri, including voice, messaging, internet access and private network services.

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Sales Tennessee Tax Massachusetts 171

TaxConnex

JUNE 22, 2021

Before the end of 2019, 43 of the 45 states (including DC) with a state-wide sales tax had joined in, Missouri and Florida being the only holdouts. It is always best to move forward on your own accord, no matter the fear around potential penalties and fees, rather than to be caught off guard during an audit.

South Dakota 130

South Dakota E-commerce South Carolina Missouri 130

TaxConnex

JUNE 22, 2023

Of the 45 states with a statewide sales tax, the most recent to institute economic nexus were Florida and Missouri ( NOMAD state Alaska might join them soon). States have generated $30 billion in sales tax take from remote sellers in just one recent year, according to the U.S. Government Accountability Office.

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South Dakota North Dakota Colorado Minnesota 130

CPA Practice

OCTOBER 18, 2023

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. To illustrate the knottiness, here are some examples.

Sales 59

Sales South Dakota Tax Missouri 59

TaxConnex

AUGUST 19, 2021

Earlier this year, Florida enacted legislation ?that?imposes?sales Missouri, the final holdout state, followed suit a few months later when Gov. Due to the dependence on sales tax collections, jurisdictions continue to look for new ways to increase their sales tax revenues. sales tax economic nexus on remote sellers.

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Sales E-commerce Tax Missouri 230

TaxConnex

MARCH 10, 2022

Most recently, Florida and Missouri became the last states with a sales tax to enforce economic nexus. Now that the pandemic helped them discover just how lucrative sales tax can be, states and jurisdictions are also intensifying sales tax investigations and audits. More of the same ahead. New taxes are devised all the time.

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South Dakota Sales Tax Maryland 185

TaxConnex

DECEMBER 22, 2020

Florida, for instance, reported that sales tax collections for July were $165.2 Illinois announced expansion of its Audit Fast Track Resolution Program to most sales and miscellaneous tax audits. Audits: They could be on the rise from among the thousands of tax jurisdictions in the U.S. Or could it? Learn more here.

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Sales Tax North Carolina Michigan 130

TaxConnex

APRIL 27, 2021

As of this writing (April 2021), the last two states that don’t impose sales tax obligations on out-of-state sellers – Florida and Missouri – are working on such laws and Wisconsin just removed their transaction number threshold and are only relying on annual revenue into the state. Penalty abatement.

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Sales Tax Wisconsin Missouri 130

CPA Practice

SEPTEMBER 25, 2023

Auriemma has experience providing audit services to clients in the commercial industries, banking and financial institutions, as well as a variety of benefit plans. in Taxation from Florida International University. Woburn, Massachusetts Amanda Auriemma, CPA, of Wakefield, MA, has been promoted to Manager in the assurance practice.

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New Hampshire Massachusetts CPA Maine 105

PYMNTS

NOVEMBER 26, 2018

” report, accounting professors Anne Albrecht of Texas Christian University, Elaine Mauldin of the University of Missouri and Nathan J. Newton of Florida State University examined data from 3,252 public companies over a 10-year period.

auditor 51

auditor managerial accounting Account accountant 51

PYMNTS

SEPTEMBER 24, 2019

Of states that collect sales tax, only Florida and Missouri have not yet introduced legislation on this front. As a result, audits and penalties may loom. While this could be seen as a relief to sellers, in an omnichannel environment, the data management required to navigate these marketplace laws is complex.

South Dakota 46

South Dakota Retail Tax Kansas 46

PYMNTS

JULY 13, 2018

The news comes as Democratic Representatives Keith Ellison of Minnesota and Emanuel Cleaver of Missouri were demanding answers from Amazon as to how its facial recognition technology, dubbed Rekognition , is being used by law enforcement around the country. Two police departments in those states use the technology.

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Technology Missouri Oregon Minnesota 43

PYMNTS

MAY 28, 2018

Democratic Representatives Keith Ellison of Minnesota and Emanuel Cleaver of Missouri are demanding answers from Amazon as to how its facial recognition technology dubbed Rekognition is being used by law enforcement agencies around the country. Two police departments in those states use the technology.

Technology 40

Technology Missouri Oregon Minnesota 40