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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. Supreme Court. Best and worst. Effective Jan. Photographers and interior designers will be affected, among others.

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What happened in sales tax in 2022

TaxConnex

But others clung to hiking sale taxes: Kentucky considered gradually replacing its individual income tax with a broader sales tax. Government Accountability Office of just how well states had done since Wayfair four years before: 33 states had reported $23 billion in remote sales tax revenue in 2021. Conveniently popular’.

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Friday Footnotes: EY Doesn’t Regret a Return to Office; Consulting Cut Backs; AI Will Not Replace Accountants | 8.11.23

Going Concern

MCM CPAs & Advisors Joins Cherry Bekaert [ PR Newswire ] Cherry Bekaert (the Firm) is pleased to announce the completion of an acquisition transaction with MCM CPAs & Advisors LLP (MCM), a large regional accounting and advisory firm headquartered in Louisville, Kentucky, providing highly specialized services to a broad range of clients.

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Monday Morning Accounting News Brief: Eff You, Pay Us; Let’s Complain About Auditing Again; RIP to a Real One | 8.14.23

Going Concern

When you woke up this morning did you let out a big yawn and then ask yourself “how can audit firms respond to ongoing regulatory scrutiny?” PCAOB staff expects approximately 40% of the audits reviewed in 2022 will have one or more deficiencies, up from 34% in 2021 and 29% in 2020. Who’s gonna tell them?

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. million from the federal government.

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House Passes Israel Aid Bill Tied to IRS Cuts

CPA Practice

The White House threatened to veto the bill over the provision, which the non-partisan Congressional Budget Office forecast would cost the federal government $27 billion in revenue lost to tax cheaters. The House passed the aid package 226 to 196 on Thursday, with most Democrats opposing the measure because of the cuts to the IRS.