TaxConnex

DECEMBER 30, 2021

The whole world pinballed throughout a pandemic the last two years and continues to do so. Sales tax in 2021, though, seemed to move in only one direction: It intensified as even more states hopped on the economic nexus bandwagon and the sales tax burden for online businesses grew. Here’s a look back at some of 2021’s biggest developments in sales tax.

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Sales Tax Maryland West Virginia 193

AccountingDepartment

DECEMBER 30, 2021

Without a doubt, the past year has meant a lot of change for both businesses and consumers. Consumers have had to deal with personal safety, loss of employment, illnesses, isolation, and a lack of consumer services and products. With vaccinations on the increase, what new trends will emerge? Knowing the new trends that will surface will allow businesses to deal with the post-pandemic consumer.

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Account accountant accounted 73

SkagitCountyTaxServices

DECEMBER 30, 2021

Before I dive into some year end tax strategies Skagit Countybusiness owners can and should be making, I want to address some rumors and misinformation about the SALT workarounds that are available to some of our clients (though not all). Essentially, 22 states (as of this writing) have enacted legislation that enables business owners operating in a partnership or S-corp to deduct their state and local taxes (SALT) beyond the 10K cap that exists on federal returns.

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Tax CPA tax return New York 68

RitaKeller

DECEMBER 30, 2021

“I don’t run away from a challenge because I am afraid. Instead, I run towards it because the only way to escape fear is to trample it beneath your foot.” – Nadia Comaneci. My last flashback post for this week. Tomorrow is a holiday for me (and I hope you)! The message: You need someone who will challenge you and be brutally honest. You are a leader in your firm.

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cpa firm audit CPA Tax 45

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