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What's new in July for state sales and use taxes

TaxConnex

One of the biggest culprits in 2022: Florida, which expanded their sales tax holiday programs to five additional (“rather arbitrary”) categories in lieu of targeted, permanent reforms. Three new laws aim to give the Louisiana Sales and Use Tax Commission for Remote Sellers more authority and centralizing sales tax.

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What was new in October for state sales and use taxes

TaxConnex

Halstead Bead , a small craft and jewelry wholesaler, has filed an appeal with the Fifth Circuit in the ongoing challenge to Louisiana’s sales tax system, which requires remote sellers to comply with local tax laws for 63 parishes. Supreme Court. Best and worst.

Sales 130
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State and Local Tax (SALT) Predictions for 2024

CPA Practice

Maine and Massachusetts both enacted income tax nexus standards with $500,000 sales thresholds after Wayfair was decided. Most recently, New Jersey enacted a bright-line economic nexus standard for purposes of the Corporation Business Tax (CBT) for taxable years ending on and after July 31, 2023.

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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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Steve Padgett’s Three Business Tax Penalties To Avoid When Possible

SkagitCountyTaxServices

With May 17th behind us (though for those in Texas, Louisiana and Oklahama — this was just another day. But before we leave taxes in the rearview, let’s address an unfortunate reality: as a business owner, you have a greater number of tax reporting obligations than a regular person has. (Of

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Republican Senators Introduce Tax Fix Legislation for Online Sellers

CPA Practice

Sherrod Brown wants to tweak a controversial upcoming tax rule that would require third-party payment platforms to issue 1099-K forms to small business owners and entrepreneurs who have at least $600 in sales. Bill Cassidy, a Louisiana Republican, that would raise to $10,000 the sales threshold that would trigger the forms.

Tax 98
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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.