article thumbnail

2024: What’s coming up in sales tax

TaxConnex

The new year will no doubt be another active one in sales tax. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. Overall, state tax revenues dropped 5.3%. If so, watch out for 2024.

article thumbnail

What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. followed by South Dakota, Kentucky, West Virginia and Kansas. Johns County, Florida, received a $750 credit from Amazon after discovering that the marketplace facilitator had been overcharging her for sales tax for more than a decade, news reports said.

Sales 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. It’s common for companies to choose an effective date of January 1 to simplify selecting a calendar year for taxes and relieve businesses of paying state franchise taxes for the prior year.

article thumbnail

The Life And Times Of A Most-Wanted Fraudster

PYMNTS

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The family lived in eastern Kentucky, an area Johnson describes as “fraud central.”

article thumbnail

Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

However, companies that win the long game on AI will go further by equally prioritizing reliability, security, and safety, as well as data integrity. His tenure includes positions as Head of London Audit and Tax, Head of People and Client Experience, and most recently, Chief Operating Officer since 2019. Good Luck With That!

Account 117
article thumbnail

Spring Speculation Has Sprung: Walmart, Amazon, Trump And Target

PYMNTS

If last week’s reports are accurate, Walmart is reportedly in early-stage talks to acquire Humana, the 13-million-member health insurance company based in Louisville, Kentucky. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.),

article thumbnail

Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Kentucky is one of the latest jurisdictions that could welcome the wagering. Meanwhile, states such as Kentucky, Connecticut, Illinois, Michigan, Indiana, Massachusetts, Maryland and others are making moves toward legalization, and via different methods. percent state tax on sports wagers. Integrity Fees.

Sports 40