TaxConnex

SEPTEMBER 7, 2023

Nonprofits are often thought to be exempt from sales taxes, but is that correct? They also frequently sell TPP such as merchandise, memberships, books and so forth that for-profit companies generally have to charge and collect sales tax on. Are non-profits exempt from sales tax obligations? That depends on many factors.

Sales 147

Sales Tax Non-Profits North Carolina 147

TaxConnex

OCTOBER 4, 2022

So you’ve done the smart thing and determined that your company has sales tax obligations in various states. Now you must collect, file, and remit sales tax in multiple states. You then need to create a billing process to apply tax to your invoice, manage your sales tax-exemption certificates and prepare and file sales tax returns.

Sales 130

Sales Tax tax return Colorado 130

Withum

SEPTEMBER 16, 2022

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g.,

Sales 80

Sales Retail Tax South Dakota 80

Going Concern

JANUARY 16, 2024

“I don’t see us revisiting the sale of the consulting business in the short term.” Accountants from EY and PwC are braced for questioning by the public inquiry into the Post Office scandal, which is expected to turn its attention to the embattled institution’s external auditors later this year.

Account 101

Account accountant accounted audit 101

Anders CPA

DECEMBER 7, 2023

Terrell (00:01:59) – I didn’t want to be an auditor. And recently we went through, and I told him like, Hey, here’s what’s on our sales pipeline. Tom (00:52:57) – Are those Colorado peaks that you’re naming those two? Terrell (00:53:00) – Those are in Colorado, yeah.

Finance 52

Finance accounting and finance Start-ups Non-Profits 52