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Vitamins, supplements and sales tax – the latest

TaxConnex

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

The platform currently calculates, collects and remits state sales tax on shipments to (in the order in which they began): Washington, Pennsylvania, Oklahoma, Minnesota, Iowa, Connecticut, South Carolina, South Dakota, New Jersey, the District of Columbia, New York, Idaho, Nebraska, Alabama, Arkansas, Kentucky, California, Maine, Massachusetts, North (..)

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How the 50 States Rank By Lifetime Taxes

CPA Practice

Connecticut $1,731,261 $855,307 49.4% Maryland $1,871,450 $655,454 35.0% Hawaii $1,581,119 $521,966 33.0% Connecticut $1,731,261 $855,307 49.4% Maryland $1,871,450 $655,454 35.0% Hawaii $1,581,119 $521,966 33.0% Vermont $1,442,094 $651,434 45.2% New York $1,658,872 $748,199 45.1% Iowa $1,443,717 $524,580 36.3%

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Sales tax and accounting services

TaxConnex

Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico. In recent years, Connecticut, Maryland, and California toyed with levying state sales tax on accounting services but found it a tough fight in the face of intense lobbying from accountants’ groups.

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A history of sales tax

TaxConnex

Mississippi introduced their sales tax in 1930, followed by many others (including Hawaii, which didn’t even become a state until 1959). These were followed in the 1940s by Florida, Tennessee, Maryland, Connecticut, Rhode Island and the District of Columbia; and in the 1950s by Maine, Pennsylvania, South Carolina, Georgia and Nevada.

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App purchases and sales and use tax

TaxConnex

Maryland (a state famous for spearheading efforts to levy sales tax on digital advertising ) also recently broadened its sales and use tax definition to include apps. Hawaii and Connecticut are two other states that cast the tax net wide when it comes to software and apps.

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CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever

Going Concern

Candidates sitting for BEC for the first time in the following jurisdictions have until Sunday, October 1 to apply for this section: Alaska Arkansas California Colorado Connecticut Delaware DC Georgia Guam Hawaii Illinois Indiana Iowa Kansas Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Montana Nebraska New Hampshire New Jersey (..)

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