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2024: What’s coming up in sales tax

TaxConnex

Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. States expected to do best with sales tax in 2024 are West Virginia, Massachusetts, Kentucky, Iowa and New York. If so, watch out for 2024.

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State CPA Society News & Updates – September 2023

CPA Practice

Accounting & Auditing Conference – November 9, 2023 at the WICPA offices in Waukesha, Wisconsin. The Iowa Society of CPAs or ISCPA is offering their Fall CPE Conference September 21-22, 2023 at the Hilton Garden Inn in Cedar Rapids. Tax Conference – November 2 and 3, 2023 at the Brookfield Conference Center.

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States ease nexus thresholds

TaxConnex

South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. Starting Aug.

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Happy fifth birthday, Wayfair, as your rules keep changing

TaxConnex

The birth-state of Wayfair joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. Part of the endless scramble comes from states and local jurisdictions setting – and frequently changing – their nexus thresholds. Some states never adopted one.) As of Aug.

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Professionals on the Move – Dec. 2023

CPA Practice

Jeri Beckham, Texas Joan Bengford, Iowa Velma Bjorgum, N.D. Jody Ehlers, Iowa Erick Enriquez, N.J. James Gobeli, Iowa Melissa Gourgues, La. Johnny Welborn, Texas Denise Zaharoff, Ga. Top 100 Katherine Allen, Colo. Dee Ann Aydelott, Mo. Teresa Barton, Utah Farooq Bawa, Ill. Kathleen Beard, Kan. Daniel Blamer, Mich. Meg Hall, Ga.

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Monday Morning Accounting News Brief: The Diversity-est Big 4 Firm; An EY Record; PCAOB Stream | 10.17.22

Going Concern

The PCAOB’s 2022 Forum on Auditing in the Small Business Environment and on Auditing Broker-Dealers will be livestreamed on Wednesday, October 26, 2022. The Iowa State Auditor’s Office is seeing a shortage of accountants along with a shortage of accounting students with 4-year degrees (no duh).

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3 Years Post-Wayfair: A Look Back

TaxConnex

States like South Carolina and Iowa reported early, positive, revenue collections on the new requirements. It is always best to move forward on your own accord, no matter the fear around potential penalties and fees, rather than to be caught off guard during an audit.