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State Pass-Through Entity Tax Updates: September 2023

Cherry Bekaert

Mississippi On August 2, 2023, the Mississippi Department of Revenue issued a summary of tax year 2022 forms and instructional changes related to House Bill 1668 , enacted in March.

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A history of sales tax

TaxConnex

The American version Financing government has usually motivated creation of taxes in America. Mississippi introduced their sales tax in 1930, followed by many others (including Hawaii, which didn’t even become a state until 1959). England also taxed salt, as did France – one cause of the latter’s bloody revolution in the late 1700s.

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Monday Morning Accounting News Brief: Semper Fi-nancial; EY Gets a D in Auditing; Deepfake CFOs Are a Thing | 2.26.24

Going Concern

Previously, to be considered for a position at the Department of the Auditor General, candidates needed to hold a bachelor’s degree in accounting or finance and complete 12 credits of accounting as part of their coursework. .” Pennsylvania Auditor General Timothy L.

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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

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2021: The Year in Review – Sales Tax

TaxConnex

Responses from 100 top finance professionals showed that even as two out of three companies planned to grow across state lines in 2021, still more were not fully satisfied with their current approach to managing sales tax. Here’s a look back at some of 2021’s biggest developments in sales tax. Happy new fear. New players.

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State-by-State Guide to Back-to-School Sales Tax Holidays

CPA Practice

Mississippi Tax-Free Weekend Dates of Tax Holiday: July 28 through July 29 State Sales Tax Rate: 7% Average Combined Sales Tax Rate: 7.07% The Mississippi sales tax holiday exempts eligible items from sales tax. Electronics do not qualify for the Mississippi back-to-school sales tax holiday, but the following items do.

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State CPA Society News & Updates – Dec. 2023

CPA Practice

The Mississippi Society of Certified Public Accountants (MSCPA) has published the details of the MSCPA Annual Convention. The in person-live class will cover the ChatGPT benefits and features and identify practical applications for the application in accounting, finance, and tax.