TaxConnex

MARCH 29, 2022

The model does come with steady sales tax obligations and risks though, and if not properly understood, it could lead to significant sales tax risk in the business. Numbers game. Sales tax on groceries and prepared food also vary widely state to state. Sales tax is more complicated than ever and not getting any easier.

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ThomsonReuters

JULY 10, 2023

Jump to: What is use tax? Sales tax vs. use tax Summary Sales tax and use tax are important sources of revenue for the government but properly calculating, collecting, and reporting these taxes can quickly get complicated. What is use tax? How does use tax work? What is nexus?

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TaxConnex

APRIL 6, 2021

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it. 10 to report use tax.

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Withum

FEBRUARY 27, 2024

When it comes to sports betting, taxes play a crucial role in shaping the industry. Each state has its own approach to taxing sports betting revenue for operators, resulting in a diverse landscape. The state levies a tax rate of 36% on sports betting revenue. billion since legalization in January 2022.

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PYMNTS

JULY 13, 2019

In this age of live multi-player online gaming, and virtual reality, and all things digital, it can be easy to think of board games as an artifact of the analog world. Well, board games are having a bright moment. Board Game Growth. Its ongoing popularity has apparently led players to try out other tabletop games.

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CPA Practice

JANUARY 3, 2024

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? Do all states have a tax holiday?

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PYMNTS

JANUARY 27, 2020

It seems that old-fashioned video games are that hot new item, assuming they are in pristine condition and come in factory packaging, according to a new report in The New York Times. The hottest investments are games for the Nintendo Entertainment System, which popularized characters like Link, Mega Man and Mario in the 1980s.”.

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Withum

JANUARY 16, 2024

Massachusetts Companies The Massachusetts Life Sciences Center Tax Incentive Program application window is now open and is offering lucrative tax savings to eligible companies. Companies that apply and are accepted into this program can benefit from various tax benefits, such as: Life Sciences Investment Tax Credit (pursuant to M.G.L

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Cheap Accounting

SEPTEMBER 11, 2023

To help it’s worth reminding people about three tax free benefits that could be advantageous to the household coffers. There will be no tax to pay on the amount earned. Equally if your gross income from all trading is more than £1,000 you can use the tax-free allowance, instead of deducting any expenses or other allowances.

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PYMNTS

NOVEMBER 14, 2019

For many retailers, especially those focused on eCommerce, the next several weeks are crucial. In what is an increasingly fluid trade situation stretching back to July of last year, another round of tariffs on more than $150 billion of Chinese imports may take effect in mid-December, amounting to an import tax of about 15 percent.

Retail 40

Retail Gaming E-commerce Tax 40

PYMNTS

JANUARY 15, 2021

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.

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CPA Practice

SEPTEMBER 6, 2023

That kind of money could turn any tax official’s head. But is the sale of an NFT subject to tax? While lawmakers and tax officials worldwide have at least 91.8 million reasons to ensure tax laws account for sales of NFTs and other new tech, crafting tax policies for NFTs is difficult. million nine months later.

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inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices.

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Withum

JULY 25, 2022

Investors funding early-stage life sciences companies in Massachusetts may be eligible for generous tax incentives under M.G.L. Learn about the Angel Investor Tax Credit and who qualifies, potential tax savings, and how to monetize those savings. What Are the Tax Savings? How Do I Monetize the Tax Savings?

Massachusetts 69

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PYMNTS

DECEMBER 30, 2019

Some video game companies seek to curry interest in new systems by offering deals that pair consoles with games for lower prices, rather than buying both separately, for example. This strategy aims to dissuade consumers from waiting until more games are available, and existing prices drop.

Tax 52

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Going Concern

FEBRUARY 10, 2023

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! Investor and consumer groups are calling for closer scrutiny of the accounting firm after the unveiling of balance-sheet irregularities that led 93-year-old Brazilian retailer Americanas to seek protection from creditors last month.

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CPA Practice

MARCH 22, 2024

By Brian Gordon, Raleigh News & Observer (TNS) With offices overlooking right field of Durham Bulls Athletic Park, the tax compliance software provider Avalara intends to add 100 workers to its downtown location in Durham, NC, by the end of the year. We want to scoop up the talent leaving other companies that are in decline.”

North Carolina 59

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inDinero Tax Tips

APRIL 11, 2023

Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax. Delaware is considered “the place” to establish your corporate entity as there’s no Delaware sales tax.

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Delaware Nevada Tax Sales 52

Anders CPA

NOVEMBER 13, 2023

Although the industry’s ultimate goal is for complete descheduling, the proposed shift would be a game-changer for cannabis operators because it would nullify the federal tax provision 280e which essentially taxes cannabis retailers on gross margin. My answer: wait and plan. 2024 is right around the corner.

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PYMNTS

FEBRUARY 23, 2016

For all the johnny-come-latelies who spend the hours before midnight on April 17 scrambling to submit their tax forms, there are millions more Americans who are sitting pretty with their tax refunds already in hand. It’s a peculiar part of tax season. While a National Retail Federation survey found that 65.5

tax return 40

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PYMNTS

MAY 13, 2019

One benchmark of retail trading, the S&P 500 Retailing index, was off by 3 percent. At least some analysts on the Street see some even rockier performance as many retailers are on tap to deliver earnings results. All in, consumer discretionary firms — with the exception of internet only retailers — are projected to see 5.2

Retail 46

Retail Gaming Start-ups Tax 46

PYMNTS

NOVEMBER 16, 2020

Lau’s comments came when the China-based company registered a September quarter that exceeded expectations due to spiking demand for digital games, Nikkei Asia reported. "As Group Seeks to Block Maryland Online Advertising Tax. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy.

Maryland 60

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Going Concern

DECEMBER 22, 2023

PwC posted its summer 2025 internships for areas including tax and consulting in September, the earliest the firm has ever advertised internship positions, said Rod Adams, who leads hiring for the U.S. HEY it’s not too late to snag some tax talent before busy season hits. and Mexico. PwC declined a request by Sen.

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CPA Practice

MAY 1, 2024

Ben Pomerantz, a partner at Stamford’s Carmody Law and head of the firm’s cannabis group, said the shift could have far-reaching implications for research, taxes, pharmaceuticals and banking. Zachs said cannabis retailers would immediately be impacted by the tax implications of such a shift. It’s time that we right these wrongs.”

Connecticut 40

Connecticut Pharmaceutical Legal Education 40

ThomsonReuters

NOVEMBER 9, 2022

As part of this legislation, there are several extensions and expansions of tax credits related to electric vehicles (EVs ). . One piece of good news for manufacturers is the elimination of the phase-out of the tax credit once a manufacturer reaches 200,000 of EVs sold.?This This means Tesla, GM and others are back in the game. .

Manufacturing 105

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PYMNTS

JANUARY 31, 2018

From fraud to fitness tracking, from cross-border to cryptocurrencies and from chargebacks to KYC, here’s how seven startups aim to change the game in 2018 (and how some of them already are). After cementing its presence in Europe during 2017, Emailage turns its focus to the Asia-Pacific region for 2018 expansion.

Gaming 46

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PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. The average federal tax refund is $2,960 — $3,091 for direct deposit filers — as of March 2018.

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Going Concern

JANUARY 26, 2024

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!

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Account accountant accounted audit 116

PYMNTS

JANUARY 10, 2017

Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. And that’s just accessing money itself.

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Reckon

SEPTEMBER 27, 2023

But what should we expect in 2024 from this game changing tech ? Smaller businesses will also see some radical AI shifts beyond 2024, particularly in the retail and service industries. Take the ‘small business technology investment boost’ for example, which allows a further 20% tax boost to help SMEs shoulder the cost of digitisation.

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PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Booth has been arrested twice for retail return fraud related to gift cards and is now in recovery from heroin and oxycodone addiction at Gateway with Smith.

Retail 42

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PYMNTS

MAY 21, 2018

The tool factors in ancillary data such as school districts, tax records, crime rates and other neighborhood characteristics. REX also identifies potential home buyers and sellers by gathering data from retailers and businesses that show changes in people’s purchasing behavior.”.

Real Estate 46

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PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. For someone in the U.S.,

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PYMNTS

MAY 26, 2017

According to the National Federation of Retailers, 81 percent of millennials report at least aspiring to homeowners as hip, even if they aren’t there yet. And not just the direct costs of housing per month – mortgage, taxes, homeowners insurance, etc.

Real Estate 43

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Going Concern

JANUARY 13, 2023

A group representing minority shareholders on Friday filed a complaint with Brazil’s securities regulator against Americanas SA after the retailer uncovered “accounting inconsistencies” totaling 20 billion reais ($3.89 Trump’s Company Gets Maximum Punishment for Evading Taxes [ New York Times ]. Firm Watch.

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audit Account accountant accounted 101

xendoo

OCTOBER 18, 2021

Many online retailers fail to distinguish between returns and chargebacks. Stay Current with All Taxes. Retailers often have to deal with two different types of taxes: business taxes and sales tax. Every state has its own regulations when it comes to filing sales taxes. Get Your Head Back in the Game.

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PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. million from online gaming since the summer of 2019.

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