article thumbnail

Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

Local governments in this case contended that video-on-demand and pay-per-view programming should be taxed as tangible property due the definition including items that “can be seen, weighed, measured, felt, touched, or is in any other manner perceptible to the senses.”

article thumbnail

A history of sales tax

TaxConnex

The American version Financing government has usually motivated creation of taxes in America. These were followed in the 1940s by Florida, Tennessee, Maryland, Connecticut, Rhode Island and the District of Columbia; and in the 1950s by Maine, Pennsylvania, South Carolina, Georgia and Nevada. Salestaxes are no exception.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Love is in the air. and so is sales tax

TaxConnex

Wine, according to The Wine Institute , incurs sales tax in all states that have a sales tax except in Kansas, Massachusetts and Rhode Island. Some have no definition of “digital” product or goods; others use the Streamlined Sales Tax definition from the Streamlined Sales Tax Governing Board.

article thumbnail

Wells Fargo Settles Shareholder Class Action Suit for $1 Billion

CPA Practice

One of the court-appointed lead plaintiffs in the case was the Employees’ Retirement System of Rhode Island. Wells Fargo betrayed the trust of Rhode Island pensioners and now is rightly facing consequences because of that,” said Rhode Island General Treasurer James Diossa in a statement. “I

article thumbnail

Will COVID And Fraud Finally Kill The Paper Check?

PYMNTS

Consider the roughly 200 Rhode Islanders who recently received tax refund checks signed by Mickey Mouse and Walt Disney. Their signatures took the place of Rhode Island General Treasurer Seth Magaziner and State Controller Peter Keenan ’s John Hancocks, which should have been on the checks.

article thumbnail

Bitcoin Daily: Argentina's Crypto Exchanges See Record Growth In 2020; JD.com Sees 20,000 Digital Yuan Transactions In 24 Hours

PYMNTS

The government limited U.S. The government conducted a lottery recently in which it gave a total of 20 million yuan in virtual "red packets" spread across numerous residents to spend at various locations, including the Double Twelve shopping festival coming up on Saturday (Dec. on Friday (Dec. 27, the Global Times reported.

article thumbnail

Intuit Launches QuickBooks Small Business Index

CPA Practice

The Intuit QuickBooks Small Business Index uses purpose-built economic models to normalize anonymized QuickBooks customer data against official government statistics to reflect the general population of small businesses in each country; it is not a reflection of Intuit’s business.