article thumbnail

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

CPA Practice

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. Since 2014, an average of 372 sales and use tax rate changes have occurred annually.

Sales 110
article thumbnail

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

CPA Practice

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. Since 2014, an average of 372 sales and use tax rate changes have occurred annually.

Sales 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

CPA Practice

In 2023, several states including Maryland and Pennsylvania implemented new green fees; Ohio, Tennessee, and Florida deployed new sales tax exemptions or updated their existing exemptions; and Minnesota brought on new delivery fees. Since 2014, an average of 372 sales and use tax rate changes have occurred annually.

Sales 52
article thumbnail

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. Washington State gives no blanket exemption to nonprofits.

Sales 147
article thumbnail

Friday Footnotes: EY Split Drags Out; Advisory Firm Defrauds Clients; Student Loan Forgiveness and Taxes | 9.2.22

Going Concern

CHS avoids fine in SEC accounting fraud case [ Compliance Week ] A Minnesota-based agricultural cooperative settled charges levied by the Securities and Exchange Commission (SEC) that the company violated federal securities laws when it filed materially false financial statements with the agency over five years.