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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties. The ol’ one-two.

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What's New in State Sales and Use Taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. In the trendiest sales tax news (aside, of course, from Florida finally passing economic nexus legislation), Connecticut lawmakers have proposed a digital advertising services tax similar, experts say, to one recently enacted in Maryland. Kansas Gov.

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

TaxConnex

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer. on construction and building materials.

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What's new in state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. Wholesale sales or sales of exempt goods are not subject to the fee. its Sales Tax Bulletin No.

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States Feel Budget Pinch Amid Darkening Revenue Projections

CPA Practice

That could all come crashing down as high-flying revenue expectations collide with the new economic reality, which has shrunk some state projections for income and sales taxes. At the same time, high-income Marylanders are making less in taxable bonuses. suburb of Montgomery County, slowed more than expected this year, Abadir said.

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

Adobe has estimated that sales stretching from Thanksgiving to Cyber Monday should be worth as much as $29 billion. And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. States have been defining their parameters for economic nexuses.

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What Every Advisor Should Know About the Cannabis Industry

Anders CPA

Guillermo (00:02:54) – So I went into work in the corporate world and my background is in construction and in engineering, and I spent a few years working as a regular accountant and in financial accounting. Retailers are seeing some compression and price at the point of sale. Six months or something. Is it that?