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

TaxConnex

You’re trying to run a business and sales tax is not at the forefront of your plans. 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), you deal with one of the most complex sales tax situations today.

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Sales and Use Tax in 2020: A Look Back

TaxConnex

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. Am I going to hit new nexus thresholds with an increase in online sales?

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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties. The ol’ one-two.

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

The exceptions to that rule are Delaware, Hawaii, Illinois, Iowa, Minnesota, New Hampshire, New Jersey, New York, North Dakota, Ohio, Pennsylvania, and South Dakota. You’ll spend less time buried in spreadsheets and end up with a returns process that can be readily audited.

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Offering Virtual CFO Services in the Cannabis Industry with Guillermo Rodriguez

Anders CPA

And so, I started my career in internal audit and then moved into a financial accounting manager role and then eventually worked in corporate finance. If you look at cannabis sales, I mean, half are branded. So when you go and apply for a license, you’ll have to be a cultivator manufacturer and a dispensary like in Hawaii.