TaxConnex

AUGUST 25, 2022

In a field that changes as fast as sales tax, it’s a necessity. You generally have three options to address your sales tax compliance obligation: try to manage everything in-house; outsource to an experienced provider; or do nothing and roll the dice. This one of the key steps to complying with sales and use tax laws nationwide.

Sales 243

Sales Tax audit Alaska 243

TaxConnex

MAY 26, 2022

However, certain exemptions could apply making the sale of TPP exempt from sales tax in some situations. The buyer wants to make the original purchase exempt from sales tax, and they expect to then charge sales tax when they sell the item. Sales tax obligations start with nexus. Assessing your footprint.

South Dakota 244

South Dakota Sales South Carolina Illinois 244

TaxConnex

DECEMBER 28, 2023

The new year will no doubt be another active one in sales tax. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. Overall, state tax revenues dropped 5.3%. If so, watch out for 2024.

Sales 264

Sales South Dakota Louisiana Tax 264

TaxConnex

MARCH 10, 2022

But what exactly is economic nexus – and, more importantly, have you kept up with its constant changes in the sales tax realm? Sales tax nexus is the connection your business has with a state or local taxing jurisdiction. It can be physical in the form of one of your offices actually being in a state or other tax jurisdiction.

South Dakota 262

South Dakota Sales Tax Maryland 262

Accounting Today

JUNE 5, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. .:

Tax 59

Tax tax preparation North Carolina tax return 59

Withum

FEBRUARY 27, 2025

In a tradition stretching back more than three decades, the Florida Institute of Certified Public Accountants (FICPA) held its annual liaison meeting with the states Department of Revenue (DOR). Florida State Tax Relief The department also discussed tax relief, specifically Governor Ron DeSantis plans for exemptions, holidays, and programs.

Florida 52

Florida income tax audit Real Estate 52

TaxConnex

MAY 8, 2025

How do states look at SaaS (software as a service)-oriented businesses and sales tax requirements? The complexity of sales taxes and SaaS is a confluence of factors, including almost a decade of upheaval in states tax statutes and the advent and lightning development of whats become everyday technology (and how the technology is delivered).

South Dakota 147

South Dakota South Carolina Technology Ohio 147

TaxConnex

MARCH 16, 2021

Patrick’s Day, don’t look to four-leaf clovers, pots of gold or leprechauns to bail you out of trouble with sales tax. If your company has a sales tax obligation s and doesn’t have a process yet in place, plan for the risks of non-compliance. sales tax audits ?are sales tax audits to increase over the next two years.?

South Dakota 221

South Dakota audit Alaska auditor 221

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 245

Sales Tennessee Tax Massachusetts 245

TaxConnex

JUNE 21, 2022

The Supreme Court Wayfair decision four years ago gave tax jurisdictions the sudden power to require countless companies to collect and remit sales tax. In many respects, Wayfair also opened the path to levying additional kinds of tax obligations on businesses that sell online as eCommerce becomes more and popular.

South Dakota 246

South Dakota E-commerce Alaska Missouri 246

MyIRSRelief

JULY 3, 2023

ERC IRS Audit Representation: Your Comprehensive FAQ Guide The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit.

audit 130

audit North Carolina Oklahoma Ohio 130

TaxConnex

JUNE 20, 2023

Almost five years ago, the Supreme Court’s Wayfair decision was heralded as a revenue gateway for almost all states to require remote sellers to collect and remit sales tax. In 2021, the Government Accountability Office estimated nationwide remote sales tax collections to be about $30 billion. Some states never adopted one.)

South Dakota 246

South Dakota North Dakota Wisconsin Iowa 246

Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! Audit Americanas’ $4 Billion Accounting Scandal Puts More Scrutiny on PwC’s Auditing Record [ Bloomberg ] A $4 billion accounting shortfall would typically raise alarm bells for an auditor.

Florida 105

Florida Tax North Dakota Account 105

TaxConnex

APRIL 27, 2021

Sales tax obligations are getting more complicated for businesses of all industries. In this blog, we’ll talk to some of the common missteps businesses make when trying to manage sales tax on their own. Figuring out where you have nexus is key to determining your sales tax liability. Not evaluating economic nexus.

Sales 147

Sales Tax Wisconsin Missouri 147

TaxConnex

DECEMBER 22, 2020

The year’s ongoing pandemic affected almost every aspect of life – including, and in no small way, sales tax, which was already an area that has seen unprecedented change since the Supreme Court’s Wayfair decision in 2018. Even so, sales tax moved forward. Florida, for instance, reported that sales tax collections for July were $165.2

Sales 147

Sales Tax North Carolina Michigan 147

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 147

North Carolina Oklahoma Ohio Texas 147

TaxConnex

NOVEMBER 1, 2022

Each brings different sales tax implications – and retail and ecommerce businesses aren’t always aware of their obligations. The exemption question Sales tax obligations start with nexus, the concept that enables state and local governments to require businesses to collect and remit sales tax on the products and services they sell.

Sales 130

Sales South Dakota South Carolina Illinois 130

TaxConnex

AUGUST 9, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer. Holiday hucksterism? Free for all.

Sales 130

Sales Louisiana Tax Iowa 130

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 130

North Carolina Oklahoma Ohio Texas 130

Going Concern

DECEMBER 9, 2022

For this article, we selected four positions in audit and four in tax. For example: Audit associates in Colorado are expected to see a raise of between 7.1% In Georgia, audit managers and tax managers are expected to see salaries rise 22.2%, while tax directors are projected to have a bump in pay between 7.1%

accountant salary 110

accountant salary public accounting Colorado Georgia 110

CPA Practice

FEBRUARY 24, 2025

He proposed eliminating about 740 state jobs, while adding staff to other agencies in need of more people, such as the Department of Corrections.

Florida 110

Florida Government audit income tax 110

TaxConnex

DECEMBER 29, 2022

New sources of tax revenue, old ones robust but sputtering in spots, tax holidays as political tools amid inflation: It’s been a year of new trends in sales tax. Heading into the new year, state sales tax revenues were up coast to coast, often by double-digit percentages. Add that U.S. Too much or too little?

Sales 130

Sales Tax Maryland Louisiana 130

Going Concern

OCTOBER 25, 2024

Firm Watch Whistleblower says big accounting firm hid evidence that a Saudi co-defendant helped finance 9/11 [ Florida Bulldog ] So this is…a lot. Big Four firm cuts jobs in Tampa in firm-wide layoffs [ Tampa Bay Business Journal ] This confirms what we were told about PwC delaying layoffs in Florida due to Hurricane Milton.

accounting and finance 59

accounting and finance audit Florida Missouri 59

TaxConnex

JUNE 22, 2021

The years since June 2018 have been unlike anything in the history of sales tax. Supreme Court Wayfair decision three years ago empowered tax jurisdictions with the sudden authority to require thousands of companies to collect and remit sales tax. How has the sales tax landscape changed in just 36 months? Wayfair case.

South Dakota 147

South Dakota E-commerce South Carolina Missouri 147

Going Concern

JULY 29, 2024

Another weed-loving American firm has gotten hand-slapped by Canadian audit regulators : According to its enforcement action against Macias Gini & O’Connell, CPAB inspected three audit files and identified significant inspection findings in all three files, which “indicated continued concerns over audit quality.”

CPA 116

CPA Account accountant accounted 116

CPA Practice

APRIL 15, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Meyer earned more than $10 million from selling the Ultimate Tax Plan.

Florida 59

Florida Tax tax planning Ohio 59

CPA Practice

JANUARY 2, 2024

PKF Mueller Joins Cherry Bekaert to Expand Chicago Market Reach Cherry Bekaery, an assurance, tax and advisory firm, recently completed an acquisition transaction with PKF Mueller , a full-service certified public accounting and business advisory firm located in the metropolitan Chicago area.

Illinois 114

Illinois E-commerce Pharmaceutical Real Estate 114

TaxConnex

OCTOBER 11, 2022

A proposed penalty from the Federal Communication Commission shows the danger of a hire-and-forget attitude toward a third-party for tax compliance. The FCC has proposed a $153,000 penalty against a Florida-based telecom provider that had outsourced its compliance tasks. Determine the state and local transactions tax applicability.

Florida 130

Florida Tax audit 130

CPA Practice

NOVEMBER 27, 2023

Top 200 accounting firm H&CO has acquired fellow Florida CPA firm Grennan Fender, which has offices in Orlando and Melbourne. Based in Coral Gables, H&CO also has Florida offices in Miami, Fort Lauderdale, and Aventura. Terms of the deal were not disclosed. The firm had revenue of $31.2

cpa firm 105

cpa firm CPA Florida tax planning 105

CPA Practice

JUNE 15, 2023

The Florida Institute of Certified Public Accountants (FICPA) is one of the oldest and largest CPA societies in the U.S. The FICPA Vision “A thriving and future-ready accounting professional that powers the success of Florida businesses and the communities we serve.” from Florida State University. She earned a B.A.

Florida 59

Florida cpas CPA public accounting 59

CPA Practice

APRIL 16, 2024

A Florida attorney was sentenced today to eight years in prison for conspiring to defraud the United States and tax evasion arising out of his promotion of an illegal tax shelter scheme involving false charitable deductions. Meyer earned more than $10 million from selling the Ultimate Tax Plan.

Florida 52

Florida Tax tax planning Ohio 52

CPA Practice

JANUARY 8, 2024

Top 200 accounting firm Saltmarsh, Cleaveland & Gund has combined with fellow Florida CPA firm Ruggiero, Martinez & Norton (RM&N), based in Winter Park. We are eager to expand our footprint in Central Florida as part of this merger and are even more enthusiastic to welcome them to their new home at our firm.”

Florida 98

Florida cpa firm audit CPA 98

SkagitCountyTaxServices

OCTOBER 9, 2024

This goes also if you live in South Carolina, Georgia, Alabama, and various parts of Virginia, Tennessee, and Florida. If you need guidance on anything, reach out: (360) 424-1040 Something we find a lot of retail-focused businesses struggle with is sales tax filing. So, how should you tax a product and service bundle?

Sales 97

Sales Tax South Carolina North Carolina 97

inDinero Tax Tips

MARCH 2, 2023

Cryptocurrency tax rules can be complicated and confusing, but you definitely need to report your crypto gains. Here’s a look at what happens if you don’t report cryptocurrency on taxes — along with answers to common crypto tax questions. What Happens if You Don’t Report Cryptocurrency on Taxes?

Tax 98

Tax income tax South Dakota tax return 98

Going Concern

SEPTEMBER 25, 2023

Court records show that Urban is currently in custody in Florida, serving a prison sentence for defrauding a previous employer of more than $283,000, and using the embezzled money to pay for court-ordered restitution for a prior embezzlement. Mr Carter’s conduct was serious, fraudulent, and demonstrated dishonesty and deception.

tax preparation 105

tax preparation Gambling Account accountant 105

Withum

JUNE 18, 2024

Withum is proud to share that Karol Y Haugan , Tax Manager, was nominated for the Florida Institute of Public Accountants (FICPA) 2024 Woman to Watch Awards in the Emerging Leader category. She is heavily involved with recruiting at UCF and in 2020, started providing scholarships to the Dixon School of Accounting students.

Florida 105

Florida accounting degree Education CPA 105

TaxConnex

JUNE 22, 2023

Supreme Court’s Wayfair decision gave tax jurisdictions the power to require out-of-state companies collect and remit sales tax. But the latter then had to evaluate changing tax responsibilities under economic nexus thresholds and physical presence standards. See a history of sales tax here.) Easing off?

South Dakota 130

South Dakota North Dakota Colorado Minnesota 130