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Four years since Wayfair: A trend takes hold

TaxConnex

Companies also wondered if they were collecting and remitting the correct sales tax – and if they were at risk for audit. California had sent letters to Amazon sellers saying that they may owe years of uncollected sales taxes and be facing audits. Sales taxes in the second quarter fared little better, plunging 9.8

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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. South Dakota rejected a proposal to cut the state sales tax. Florida seemed to be leading the way with proposed relief on a range of products from power tools to concert tickets.

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Professionals on the Move – January 2023

CPA Practice

Dane earned his Bachelor of Science from Louisiana Tech University and his Master of International Business from Munich Business School in Munich, Germany. In his practice, he provides accounting and audit services to the construction and non-profit sectors. A graduate of the Peter T.

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More Than a Loophole: Delaware Sales Tax and Other Benefits of Incorporation in DE

inDinero Tax Tips

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware offers perhaps the most favorable tax treatment to businesses. Historically, in the U.S.,

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AICPA Dealership Conference – Updates and Takeaways

Withum

Set in New Orleans, Louisiana this year, there was plenty of fun (Phillies Astros World Series Game 1) and information to go around. Important Tax Considerations With 2022 coming to an end, there are several important tax topics and considerations a dealer should be aware of over the next few years.

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Last Week in Payroll: Localization of Work

ThomsonReuters

The Iowa legislature passed a significant tax bill modifying the state’s income tax laws. The bill would reduce the number of tax brackets to four (currently, there are nine tax brackets) with new rates, effective beginning in 2023. Unemployment tax information for 2022 released.

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. To compete for business tax income with New Jersey and New York, Delaware made incorporating within its borders easier for absentee (aka out-of-state) companies and incentivized absentee companies to do so.