article thumbnail

Sales tax and nonprofits

TaxConnex

Also in Illinois, not-for-profit hospitals and nursing homes that qualify as exclusively charitable institutions are not subject to sales tax when selling food or medicine to their patients; and hospital dining facilities not open to the general public are also exempt. How important are these certificates?

Sales 147
article thumbnail

Top Remote Accountants of the Week | May 16, 2024

Going Concern

FTE Senior Accounting and Tax | Candidate ID #5311425 Certifications: CPA, QB ProAdvisor Education: BA Accounting, MS Accountancy Experience (years): 10+ years public accounting Work experience (detail): 2+ with national firm 10 years working with large C-Corp clients 5+ years with SMB and HNWIs tax prep and advisory 4 years with own practice with (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Avalara and Actabl Partner for Automated Hotel Tax Compliance and Data Management

CPA Practice

Hospitality software company Actabl has partnered with Avalara, a provider of cloud-based tax compliance automation for businesses of all sizes. The agreement will enable more efficiency, cost savings, and empowerment within the hospitality industry through tax reporting and data management.

article thumbnail

IRS Appeals 2022 Ruling in $11.5 Million Tax Dispute with Mayo Clinic

CPA Practice

Universities are exempt from paying taxes on that type of real estate revenue. Nonprofit hospitals are not exempt. Acknowledging it does provide medical education as a teaching hospital, the IRS position is that Mayo Clinic is a healthcare organization and is not primarily a school.

article thumbnail

Why Hiring a Tax Pro Boosts Your Small Business (and Saves You Money)

MyIRSRelief

Your tax professional will guide you through tasks like payroll tax deposits, estimated tax payments, and state and local tax regulations for your chosen business structure (C corporation, S corporation, or partnership), ensuring smooth sailing with tax authorities.

Tax 130
article thumbnail

IRS Appeals 2022 Ruling in $11.5 Million Tax Dispute with Mayo Clinic

CPA Practice

Universities are exempt from paying taxes on that type of real estate revenue. Nonprofit hospitals are not exempt. Acknowledging it does provide medical education as a teaching hospital, the IRS position is that Mayo Clinic is a healthcare organization and is not primarily a school.

article thumbnail

Friday Footnotes: PwC Partners Get Played; Bad Accounting on the Rise; Getting to the Bottom of the Shortage | 9.1.23

Going Concern

in accounting [ Accounting Today ] The biggest gains occurred in the health care, leisure and hospitality, social assistance and construction industries. The professional and business service sector added 19,000 jobs, including 2,700 in accounting, tax preparation, bookkeeping and payroll services. billion ($2.21

Account 103