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Monthly Sales and Use Tax Update

TaxConnex

Louisiana lawmakers have recently passed H.B 199, which would establish a centralized sales tax commission. Right now the state allows parishes to independently collect their own sales and use taxes from in-state businesses while the Louisiana Remote Sellers Commission collects for out-of-state sellers.

Sales 141
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Southern Illinois University Wins 21st Annual Deloitte FanTAXtic National Case Study Competition

CPA Practice

A team of students from the Southern Illinois University, Carbondale, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case.

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

The amount of tax is determined by how much money the business or individual makes. Note: The higher your taxable income, the more you’ll pay in income tax. The IRS collects the money and then uses it to fund public services such as education, transportation, medical research, etc. . How does income tax work?