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Sales tax and nonprofits

TaxConnex

Definitions For Federal income tax purposes, according to the IRS , tax-exempt organizations include: Charitable: Organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational or other specified purposes. How important are these certificates?

Sales 147
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U.S. Sales Tax Rate Changes Reach 10-Year High

CPA Practice

A closer look shows that several trends emerged and contributed to the volatility and complexity of tracking and complying with indirect taxes in 2023. Generally, around 100 new district taxes are enacted each year to fund fire protection, emergency services, hospitals and other services. Despite half of U.S.

Sales 110
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U.S. Sales Tax Rate Changes Reach 10-Year High

CPA Practice

A closer look shows that several trends emerged and contributed to the volatility and complexity of tracking and complying with indirect taxes in 2023. Generally, around 100 new district taxes are enacted each year to fund fire protection, emergency services, hospitals and other services. Despite half of U.S.

Sales 52
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U.S. Sales Tax Rate Changes Reach 10-Year High

CPA Practice

A closer look shows that several trends emerged and contributed to the volatility and complexity of tracking and complying with indirect taxes in 2023. Generally, around 100 new district taxes are enacted each year to fund fire protection, emergency services, hospitals and other services. Despite half of U.S.

Sales 52
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Friday Footnotes: Why Private Equity Loves the Profession; A Very Naughty KPMG Employee; WTF PwC Guy | 4.5.24

Going Concern

At that firm, I was an external auditor for almost five years, and in the final year, I was working in our Financial Accounting Advisory Services group.” She survived her layoff by making these four money moves: Building a Financial Cushion, Reducing Spending, Creating a Job Search Strategy, Finding Additional Income Sources.

auditor 84
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Friday Footnotes: EY Cancels Christmas; A Very Sucky PwC Report; Should We Tax Robots? | 12.23.22

Going Concern

That’s led to widespread strikes across the UK economy, encompassing railways, schools, nurses, hospitals and the postal service. UK companies brace themselves for escalating battles with auditors [ Financial Times ]. Crypto auditors are disappearing right when the industry needs them [ Quartz ].

Tax 86
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Accountants Behaving Badly: Kickback Schemes, Hiding Money From the IRS, Embezzlement Spree

Going Concern

Plus, Pennsylvania accountant loves tax evasion, North Carolina CPA indicted on securities fraud charge, and Kentucky accountant gets jail time for sex trafficking. Hammer, who pleaded guilty in August 2018 to one count of filing a false tax return, was the financial officer for various companies controlled by Michael D.