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What was new in September for state sales and use taxes

TaxConnex

Auditors reported problems with the Louisiana Sales and Use Tax Commission for Remote Sellers. South Carolina has issued an information letter updating local sales and use tax and exemption information for counties, as well as a sales and use tax chart for the Catawba Indian tribal government. South Dakota Gov.

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Don't Test Your Luck with Non-Compliance

TaxConnex

Supreme Court Case, South Dakota v. One of your customer s undergoing its own sales tax audit might produce one of your invoices, resulting in the auditor possibly contacting you. An audit of one of your suppliers could turn up one of your exemption certificates for something the auditor may think is taxable.

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COUNTERPOINT: IRS Should Not Be Trusted With Direct File

CPA Practice

Low-income and minority taxpayers—whom IRS auditors target disproportionately and whom the IRS would likely market Direct File most energetically—have perhaps the most significant interest in retaining private intermediaries such as TurboTax or TaxSlayer. Washington politicians and bureaucrats certainly should not promote its adoption.

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Bitcoin Daily: Anchorage Crypto Startup Sets Up Shop In Sioux Falls; Crypto Scam Steals $900K From Pension Fund

PYMNTS

“Before I begin my questions, I just want to take a moment to commend the South Dakota Division of Banking for their forward-thinking and willingness to allow for innovation in the digital currency space. The South Dakota Trust Charter allows companies to operate on a national level so you can serve clients from every state.

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Eide Bailly Sees Risk Awareness Driving Growth in Sales Tax Automation

CPA Practice

Supreme Court decision in South Dakota v. Auditors are becoming more active. While many state auditors’ offices were less active during the pandemic, tax authorities are now back in full force, actively looking at compliance — and sales tax audits have been increasing. Nearly five years following the U.S. Wayfair, Inc.,

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Sales Tax Issues for Online Retailers

Withum

South Dakota v. Also, many states are hiring more sales tax auditors to audit more companies and identify related vendors who may not comply with sales tax. 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.,

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Audit Comments Raise Concerns About PCAOB’s Proposal To Expand the Scope of Audits and the Role of Auditors [ JD Supra ] In June 2023, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping amendments to its auditing standards. Nelson & Nelson CPAs is the oldest existing accounting firm established in South Dakota.

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