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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.”. Exemptions have also been broadened for items and services used by a manufacturer to produce food. 244 , effective this Aug. Free for all.

Sales 130
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Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’

CPA Practice

To do this, we’ve added a new form of assistance: temporary pop-up centers, such as in Ciales, Puerto Rico and Gallup, New Mexico. It has announced new initiatives to use artificial intelligence to uncover tax evasion by large corporations and complex partnerships. You have always gone above and beyond.

Tax 111
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5 States with the Lowest Combined Business Taxes

CPA Practice

It provides tax credits for businesses engaged in specific industries, such as mining and manufacturing. The eight states with the lowest property tax rates, on average, are Alabama, Colorado, Delaware, Nevada, New Mexico, North Carolina, Texas, and West Virginia. And, 31 states have property taxes that average less than 1%.