CPA Practice

JULY 28, 2025

OBannon Small Business June 26, 2025  2025 Sales Tax Holiday – State-by-State Update Sales tax holidays typically delight consumers, but they can be hard on retailers. Keep reading to find out why and to learn which states will have sales tax holidays in 2025.

Sales

Accounting Today

JULY 24, 2025

From 2017 to 2022, Heaton, who pleaded guilty in February, underreported his income to the IRS. Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS. million in income tax.

Tax

Going Concern

JUNE 5, 2025

TAX & ACCOUNTING CANDIDATES FTE Tax and Accounting / Senior | Candidate ID #18173947 Certifications: CPA Education: BBA Finance Experience (years): 5 years accounting and tax experience Work experience (detail): All in public accounting 6 tax seasons experience, 3 working remotely Prepared complex returns for HNWIs, partnerships, S and C Corps (..)

Real Estate

CPA Practice

JUNE 26, 2025

OBannon Small Business June 26, 2025  2025 Sales Tax Holiday – State-by-State Update Sales tax holidays typically delight consumers, but they can be hard on retailers. Keep reading to find out why and to learn which states will have sales tax holidays in 2025. debt on the economy. debt on the economy.

Finance

CPA Practice

JULY 25, 2025

He has experience serving clients in a variety of industries including energy and natural resources, real estate, manufacturing and retail. Logan Kowcheck, CPA joined Schneider Downs in 2011 in the firm’s audit practice group. Logan leads the Firm’s Energy and Natural Resources Services Industry Group. He graduated with a B.A.

West Virginia

TaxConnex

DECEMBER 17, 2024

Review your nexus and taxability and such paperwork as your sales tax returns, federal income tax returns, G/Ls and sales journals. Earmark insignificant items for disclosure before an auditor asks, which could result in less scrutiny of the rest of your sales and use tax obligations.

Sales

Going Concern

FEBRUARY 10, 2025

You’d think it paid a lot in taxes, right? Well it paid precisely $0 in federal income taxes last year. Sendil Palani replies : Professor, Respectfully, Tesla’s income taxes are not an example of fraud. Tesla complies with all tax regulations in all of the regions of the world in which we operate.

Indiana

Going Concern

JULY 10, 2025

TAX CANDIDATES FTE Tax and Advisory | Candidate ID #24421361 Certifications: CPA Education: BBA Accounting Experience (years): 30 years accounting experience Work experience (detail): 10+ in public accounting Manages a book of clients, tax prep, sign off, advisory Leads client tax planning and transaction advisory Researches and presents tax savings (..)

Real Estate

Accounting Today

JUNE 18, 2025

Since Ryan is a global tax consulting firm, he has been working with the firms Australian, Canadian, European, and U.S. We look at the tariffs that are being paid and we say, how are these impacting other tariffs, or how are these tariffs impacting other tax types? teams of customs and duties experts.

Technology

CPA Practice

JUNE 12, 2025

By joining Oracle’s newly enhanced partner program, Vertex reinforces its established Oraclerelated expertise in delivering global tax automation solutions and services across industries such as retail, manufacturing, and technology.

Technology

CPA Practice

JUNE 19, 2025

Mexican-made cigarettes here Altria’s field staff—the people who go store to store to see how sales are going, make sure retailers are complying with restrictions on sales to minors and to offer new marketing material—saw Mexican-made packs of Pall Mall ultra-lights begin arriving last year.

Tax

CPA Practice

JUNE 26, 2025

The automation and support provided by Avalara have transformed our tax processes, allowing us to focus on our core business and future growth.” In 2024, Therabody began using Shopify Plus for its B2B portal along with the retail POS stores.

Technology

MyIRSRelief

JULY 25, 2025

In this comprehensive FAQ-style article, we’ll explore common tax issues faced by individuals and businesses in Cincinnati, OH, and how Mike Habib, EA , can provide expert guidance and representation to help you regain control of your financial situation. What Are Unfiled Tax Returns, and Why Are They a Problem?

Ohio

CPA Practice

JULY 25, 2025

Is there any good news here for manufacturers, wholesalers and retailers? It’s not a panacea, certainly, but including in-kind donation in your tax planning strategy could help cushion the bottom line for C corporations. For example, if a product costs $10 and retails for $30, the difference is $20. This may trigger write-downs.

Technology

Churchill-Knight

OCTOBER 30, 2024

Income Tax The rates of Income Tax and National Insurance paid by employees will remain the same. Income Tax band thresholds will be unfrozen in 2028 to prevent people from being dragged into higher tax bands as their wages rise, and they will rise in line with inflation.

income tax

TaxConnex

JULY 22, 2025

Soon after you start dealing with sales tax, you’re going to also run into excise tax. According to the IRS , excise taxes “are imposed on certain goods, services and activities. Taxpayers include importers, manufacturers, retailers and consumers.” Excise taxes, which in the U.S. What’s the difference?

Sales

TaxConnex

JULY 1, 2025

1 and will offer a remote retailer amnesty program August through October next year. Also this July 1, Colorado will lower its retail delivery fee from 29 cents to 28 cents, the money to go in part to infrastructure maintenance, as in other states with RDFs. Almost all tangible personal property priced at $500 or less is tax-free.

Sales

CPA Practice

JULY 14, 2025

Hospitality and retail sectors struggle with the public nature of their service failures, with negative experiences spreading rapidly across social media platforms. E-commerce businesses face immediate cart abandonment and review-based reputation damage that affects search rankings and conversion rates.

Technology

CPA Practice

JULY 29, 2025

Small Business July 28, 2025  More Americans Will Rely on Debt and Pay Later Plans this Holiday Season, Shows Survey Nearly half (47%) of respondents anticipate spending the most on holiday purchases in 2025 with Amazon, other big box retailers like Walmart, Target, etc. (32%),

Technology

CPA Practice

JUNE 20, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology (..)

Technology

CPA Practice

JULY 15, 2025

Part of the reason why some companies see price hikes as a last resort is that they fear consumers, who have grown more pessimistic on the economy this year, will only tolerate so much and eventually spend less — which economists will be looking for in a report Thursday on retail sales. after stalling in the prior month.

Technology

CPA Practice

JULY 17, 2025

OBannon Two-thirds (67%) of back-to-school shoppers had already begun purchasing items for the upcoming school year as of early July, according to the annual survey from the National Retail Federation and Prosper Insights & Analytics.

Technology

CPA Practice

JUNE 23, 2025

In this new retail era where economic policy is impacting the checkout page, brands need to clearly and proactively communicate with consumers to earn their loyalty and keep it. ” Thanks for reading CPA Practice Advisor!

Technology

TaxConnex

SEPTEMBER 10, 2024

When you sell across multiple states – or even within various localities in a single state – one striking observation emerges: the consistent inconsistency of sales tax rates. The federal income tax has just seven brackets to cover the whole span of what somebody can make.

Rhode Island

TaxConnex

OCTOBER 7, 2021

The gross sales tax take finished 15.9% over August 2020; income tax collections were up 13.9%. As is the case in many states, the two taxes are the state’s largest sources of revenue. Instead, the tax collection remains the responsibility of the marketplace facilitator. State Updates.

West Virginia

SkagitCountyTaxServices

NOVEMBER 8, 2023

Even if your business isn’t centered on retail, are there offers you can create to capitalize on Black Friday? The IRS will be focused less on working-class taxpayers and increasingly toward high-income individuals and corporations. Because these groups have seen sharp drops in audit rates during the past decade.

income tax

TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. Colorado will begin imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state, beginning July 1. For retailers that can’t include the?required its Sales Tax Bulletin No. required statement?on

Sales

TaxConnex

JANUARY 4, 2024

Added another critic, in August, “Next week’s installment of Connecticut’s annual suspension of sales taxes on clothing and shoes may be a reminder that government is very good at bribing people with their own money.” The fee will also be a way to replace lost funds from gasoline taxes as electric cars become more prevalent.

Sales

TaxConnex

JANUARY 13, 2022

Minnesota has updated its guidance for calculating sales tax on certain online discounts, including online deals and cryptocurrency. Also, gift cards and cryptocurrency are a form of currency and should be treated as cash for sales tax purposes. Pennsylvania Republican State Sen. billion, an increase of $3.26

Sales

TaxConnex

MARCH 31, 2022

One quick explanation of the difference is an example from Alabama : The consumers use tax is imposed on tangible personal property brought into Alabama for storage, use, or consumption in the state when the seller did not collect seller’s use tax on the sale of the property. California state income tax return.”.

Alabama

TaxConnex

FEBRUARY 9, 2021

Sales of goods are subject to Delaware gross receipts tax as a wholesale sale ( where the goods are re-sold) or as a retail sal e (where the goods are consumed by the purchaser ). Wholesale sales are based on destinations within the state and retail sales are based on the passage of title within Delaware. Where n exus looms.

Sales

TaxConnex

JUNE 21, 2022

Twenty-four states and the District of Columbia had added enforcement of economic nexus in 2019, in addition to the 19 that added the burden to online retailers right after Wayfair. Among states without a sales tax, Alaska municipalities were banding together to administer local sales taxes on remote commerce.

South Dakota

TaxConnex

MARCH 19, 2024

national sales proposal is The FairTax Act, aimed to replace major sources of federal revenue such as income taxes, estate and gift taxes, capital gains and payroll tax. 25 years and counting One recent U.S. It would also do away with the IRS.

Tax

TaxConnex

FEBRUARY 2, 2021

Sales tax is broadly defined to mean any tax that is charged to the end-user customer by the retailer of property or services. Though this definition is correct, it does not always provide a complete picture of a business’s transactions tax liabilities.

Tax

TaxConnex

JUNE 18, 2024

Revenue” can also vary, meaning “ gross revenue ” in some states and “taxable receipts” or “retail receipts” in others. Some states are also now easing nexus thresholds even as they try to levy sales taxes on new products and ramp up “sales taxes” in other forms. One recent U.S.

South Dakota

TaxConnex

APRIL 8, 2021

153 –would allow the state and local governments to collect a tax on purchases made over the internet (and other remote sellers too), with a reduction in the income tax as an offset. While some larger online retailers like Amazon already remit sales tax in Missouri, the measure could reportedly generate up to $161.9

South Dakota

TaxConnex

NOVEMBER 22, 2022

Another cost-effective approach to adding sales and use tax advisory services: partnering with sales and use tax experts. Accounting and CPA firms looking to expand their services into the sales and use tax niche, often have pent-up demand within their own client base. Review the sales tax payable account.

accounting firms