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5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

TaxConnex

Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. SaaS for example is subject to sales tax in many states and many services are taxable in states like Hawaii, South Dakota, and New Mexico. Misreading your nexus footprint.

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Sales Tax Issues for Online Retailers

Withum

Many Americans redirected their spending on new furniture, gardening supplies, or materials for home improvement projects, which are all taxable. Second, the government issued stimulus checks which pumped more spending money into the economy for those not hurt financially by the pandemic. Let’s Talk.

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Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’

CPA Practice

billion in Israel aid, the bill would target funding for IRS enforcement and operations support, which the agency received as part of its nearly $80 billion allotment from the Inflation Reduction Act , along with money for other agency efforts, including to test a government-run free online tax filing system. To counterbalance the $14.3

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5 States with the Lowest Combined Business Taxes

CPA Practice

The eight states with the lowest property tax rates, on average, are Alabama, Colorado, Delaware, Nevada, New Mexico, North Carolina, Texas, and West Virginia. Meanwhile, the five states with the highest average state property tax burden are Connecticut, Illinois, New Hampshire, New Jersey, and Vermont.