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AICPA News – July 2025

CPA Practice

In parallel with his public service, he is in the early stages of co-founding an estate planning and estate tax firm alongside his wife, who is also a licensed CPA. Chilcott holds both a Master of Business Administration and a Master of Accounting from the University of Hawaii at Mānoa. Partnership Tax TRP Remove Treas.

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Tax Fraud Blotter: Boundless energy

Accounting Today

Hawaii: Enrolled Agent Michele K. All rights reserved. Georgia: Attorney Nevada M. Tuggle, Duluth, indefinite from March 18, 2025; CPA William B. Tomasello, Forest Park, and CPA Victor C. Smith, Woodstock, both indefinite from Jan. Slone, Hilo, indefinite from March 18, 2025. Illinois: Attorney Matthew E. Indiana: CPA Michael M.

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What’s new in sales tax?

TaxConnex

California has the highest statewide sales tax rate, at 7.25%. The lowest non-zero state-level sales tax is in Colorado, which has a rate of 2.9%. Five states follow with 4% rates: Alabama, Georgia, Hawaii, New York and Wyoming. South Dakota cut its state sales tax rate from 4.5% Income we trust.

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Some States Are Considering Shelving the Grocery Tax

CPA Practice

Almost all states have seen their budget surpluses grow in the past two years, thanks to federal COVID-19 relief funds and increasing corporate tax revenues as the economy recovers from the pandemic. Kristi Noem has made permanently ending the grocery tax her No. Hawaii Gov. Efforts failed in several other states.

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