CPA Practice

JULY 28, 2023

and then take in some shopping at Tyson’s Corner in Virginia before coming back home to Maryland just a few hours later. or coming back into the state from Virginia. Currently, states with some form of digital advertising taxes include Connecticut, Massachusetts, New York and Texas.

Maryland 52

Maryland Tax Virginia West Virginia 52

CPA Practice

FEBRUARY 5, 2024

Bob Good of Virginia, chairman of the Freedom Caucus, has said his group sees the expanded child tax credit as part of a growing “welfare state.” Some progressive Democrats, on the other hand, say the child tax credit expansion doesn’t go far enough and the business tax cuts benefit major corporations.

Idaho 49

Idaho Tax Iowa Kentucky 49

ThomsonReuters

JUNE 16, 2023

In fact, a 2022 survey by the Virginia Society of CPAs (VSCPA) found that the greatest challenges facing firms are being overworked and understaffed. The accounting profession is no stranger to long work hours and hefty workloads, especially during busy tax season. What are the consequences of staff strain?

accounting firms 98

accounting firms Account accountant accounted 98

LyfeAccounting

APRIL 22, 2021

Business Energy Tax Investment Credit. Here’s a full list of business tax credits from the IRS website. Amazon makes business decisions that will provide them with the biggest tax benefit. But, you can bet the $750 million dollar tax incentive Virginia will provide also played a role in that decision.

Tax 52

Tax Virginia Georgia income tax 52

Going Concern

JUNE 9, 2023

EY CEO Sees Revisiting Potential Spin-Off in a Few Years [ Bloomberg News ] EY Global Chairman and CEO Carmine Di Sibio says the firm’s abandoned spin off of its global consulting business still makes sense and will likely be revisited “in a few years.” Board of Accountancy elects next chair [ Virginia Business ] Wendy P.

audit 101

audit auditor Virginia accounting and finance 101

CPA Practice

JULY 28, 2023

Texas requires businesses to collect local sales tax based on “the location where the sale or use is ‘consummated,’” which may be the seller’s place of business. Virginia requires in-state sellers to collect sales tax at the business location while out-of-state dealers collect the rate in effect at the delivery address.

Sales 98

Sales Tax Retail New Mexico 98

CPA Practice

AUGUST 11, 2023

An impasse on if or how to bolster the benefit has now held up tax negotiations for a year. While Democrats are demanding a child credit boost in any bipartisan tax package that also revives lapsed business tax breaks, some lawmakers in Republicans’ narrow House majority are also naming it a top concern. New York Rep.

Tax 52

Tax Iowa Arizona North Carolina 52

xendoo

MARCH 21, 2022

Ecommerce businesses that are selling products across state lines need to figure out which sales tax they are responsible for. In some states, an online store charges sales tax based on where the company is located. There are 12 origin-based states, including New Mexico and Virginia. Establish a general ledger.

Account 115

Account accountant accounted bookkeeping 115

CPA Practice

JULY 26, 2023

Marketplace facilitator laws in some states now specify “marketplace” includes a lodging marketplace or online travel agency, and the lodging marketplace or online travel agency is responsible for collecting and remitting sales and/or lodging taxes on behalf of the lodging providers using the platform.

Tax 98

Tax Michigan Hawaii Sales 98

ThomsonReuters

OCTOBER 20, 2020

In response to the fluid and uncertain situation that many businesses are facing, Checkpoint Catalyst conducted a comprehensive survey of state tax agencies to find out how individual states are managing tax issues related to COVID-19 worker displacement.

South Dakota 40

South Dakota Sales Tax Rhode Island 40