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Cyber Monday again breaks records

TaxConnex

How big were online sales on Monday, Nov. Defying expectations of an off year, Cyber Monday broke online sales records, with U.S. Electronics e-sales were up 391%, computers up 372%. Online sales of sporting goods, appliances, books and jewelry all more than quadrupled. of all sales in the months of November and December.

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A Guide to Navigating Taxes in the Gig Economy

Ronika Khanna CPA,CA

Airbnb Task based platforms e.g. taskrabbit or pet sitting services E-commere selling e.g. ebay, Amazon and affiliate programs Writing/Blogging which generates revenue either by selling articles to publications or via ads on their website Virtual assistants, online surveys, tutoring etc.

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Illinois Small Businesses: Upcoming Aug 5-14 Sales Tax “Holiday” Is Anything But One

Nancy McClelland, LLC

On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. It costs small businesses more in accounting and bookkeeping work than it could possibly save anyone.

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How to Prepare Your Small Business for the New Year

xendoo

Between skyrocketing holiday sales, extended hours, and juggling multiple duties, it can be difficult to find a moment to stop and think about preparing for 2022. . In this blog post, we will help you strategically chart your path for success, so you can be ready for a new year of growth! Prepare for Tax Season Now.

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Don’t wait—start preparing for your next sales tax audit now

ThomsonReuters

Jump to: Why is it important to be proactive toward sales tax audits? How can my company prepare for a potential sales tax audit? How can tax technology help when defending an audit? When and how should tax systems be upgraded? Why is it important to be proactive toward sales tax audits?

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State Legislative Update: Tax Relief Opportunities and New Tax Obligations Enacted in 2022

ThomsonReuters

In the middle of a busy legislative season, several states have made important changes in their tax code that practitioners across the nation will want to be aware of in order to service clients who may have multistate needs. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. Florida Sales Tax Holiday.

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How are C corporations taxed? Tips on how to avoid double taxation and reduce taxes

ThomsonReuters

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? But what does that mean for your taxes? How are C corporations taxed? What is “double taxation”?