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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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What's new in sales tax?

TaxConnex

based online retailer of pet supplies and medication, has petitioned the Illinois Independent Tax Tribunal to challenge an audit assessment. In 2023, PetMed was hit with a large audit assessment, including for periods after Leveling the Playing Field came into effect. Uneven ‘leveling’: PetMeds, a Delray Beach, Fla.-based

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What's new in July for state sales and use taxes

TaxConnex

95 , beginning July 1, 2023, local tax collectors have to provide notice of their intent to audit that also “advise[s] the taxpayer that the taxpayer may request a multi-parish audit.”. Iowa exemptions now include diapers and feminine hygiene products, specified digital products and prewritten computer software.?Exemptions

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Friday Footnotes: Rettig Is Out at IRS; KPMG and Deloitte Suck at Auditing; Desperate For Accountants | 10.28.22

Going Concern

Iowa addresses accountant shortage, expands eligibility for state jobs [ KCRG ]. There’s currently a nationwide shortage of accountants and auditors, and Iowa’s no exception,” said Jennifer Bradley, Vice President of Academic Affairs for Kirkwood Community College. Sorry Footnotes is late today, it won’t happen again.

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Friday Footnotes: Work-Life Balance, Does It Work?; Big 4 Firms Slash Job Postings; She Doesn’t Even Go Here! | 2.16.24

Going Concern

Bill would let private CPAs, not state auditor’s office, audit state agencies [ Radio Iowa ] Senator Mike Bousselot, a Republican from Ankeny, IA seems to think letting CPA firms audit government books instead of the state auditor will fix the accountant shortage somehow? Year-on-year growth of 16.4%, including 13.3%

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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.