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Sales tax ‘responsible party’ laws still going strong

TaxConnex

For example, in Georgia : “An individual can be liable for the unpaid taxes of a business. When a business fails to pay the taxes it has collected or should have collected to the Georgia Department of Revenue, the Department sends an assessment notice to the person it has identified as responsible for payment.

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Georgians Claimed Over $109 Million in Tax Deductions For ‘Unborn Dependents’

CPA Practice

The new deduction is the result of Georgia’s 2019 abortion law, which allows expectant parents to claim an embryo or fetus as a dependent on their taxes. Georgia is the only state known to have that kind of deduction. Compared with Georgia’s $36.1 Georgia’s law took effect a few weeks after the U.S.

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How Are Public Accounting Salaries Stacking Up For 2023? (Part 4, Hays U.S.)

Going Concern

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% Tax senior.

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2024: What’s coming up in sales tax

TaxConnex

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. For example, in Georgia effective this Jan. If so, watch out for 2024.

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Does sales tax apply to memberships?

TaxConnex

In recent years IHRSA lent its voice to prevent imposition of sales taxes on health club memberships in Maine, Pennsylvania, West Virginia, Wyoming, Georgia and Arizona. South Carolina recently audited three years of retail bookstore Books-A-Million’s records and discovered that no sales tax charged on Millionaire’s Club $25 memberships.

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Monday Morning Accounting News Brief: AI Will Save Your Job?; Compliance Gets Some Pipeline Blame | 12.18.23

Going Concern

” Stamford, Connecticut still hasn’t gotten its yearly audit done and an audit partner at RSM had to take time out of his busy day to visit a Board of Finance meeting. Stamford Advocate : “We are at the one-yard line here to get this audit across the finish line,” said Scott Bassett of RSM U.S. —

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State CPA Society News & Updates – May 2024

CPA Practice

and Sales Tax Institute Emerging Leaders • Amy Sexton | Manager, Wipfli LLP • Kelsey Straub, CPA | Audit Senior Manager, Deloitte & Touche LLP Lester H. The Georgia Society of Certified Public Accountants (GSCPA) is holding a Real Estate Conference on June 20, 2024. . • Diane L. McKeever Jr. McKeever Jr.

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