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Herbein Acquires Bumpers & Co. in Delaware

CPA Practice

has established its first location in Delaware after acquiring Bumpers & Co., team to help clients succeed with confidence in the Delaware market,” Stonesifer said in a statement. Top 200 accounting firm Herbein + Co. a Wilmington, DE-based full-service accounting and advisory firm, effective Oct.

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Scary Numbers: How To Effectively Deal With Tax Notices

Shay CPA

A $29,000 Surprise courtesy of the State of Delaware Can a simple mistake in using the wrong address on your Delaware Franchise Tax Return cost your startup $29k? Resolution: An amended Delaware Franchise Tax Return had to be filed, resulting in no additional taxes or penalties due, as a $500 payment was made with the initial filing.

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Delaware Statutory Trusts (DSTs): A Strategic Option for 1031 Exchange Investors

CapataCPA

Delaware Statutory Trusts (DSTs): A Strategic Option for 1031 Exchange Investors For many real estate investors, the desire to defer taxes on a property sale through a 1031 exchange has proven invaluable. That’s where a Delaware Statutory Trust (DST) comes into play as a promising, hands-off investment option. What is a DST?

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Sales tax and streaming services

TaxConnex

And even among states with no statewide sales tax, Delaware levies a gross receipts tax on streaming services and some localities in Alaska may charge sales tax for streaming services. Chicago’s 10.25% “amusement tax” specifically targets streamed movies and entertainment.

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U.S. sales tax requirements for Canadian sellers

TaxConnex

states have no statewide sales tax: the NOMADs New Hampshire, Oregon, Montana, Alaska and Delaware. Here are two: Home rule U.S. localities tax jurisdictions in such states as Alabama and Colorado have their own nexus requirements, as do those in Illinois (Chicago) and Louisiana (parishes, that states version of counties).

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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What’s new in sales tax?

TaxConnex

The five-letter acronym stands for the states without a statewide sales tax – New Hampshire, Oregon, Montana, Alaska and Delaware – and two of those states might be leaving the group sooner than later. Here’s a review of some of the recent changes and updates. NOMAD news. Will “NOMAD” soon be just a NOD?

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