Going Concern

APRIL 11, 2025

The bill next goes through a certifying process before heading to Iowa Gov. Asset Management business: Yesenia Scheker-Izquierdo appointed U.S. sector leader for asset management; David Neuenhaus appointed tax sector leader for asset management; Matt Giordano appointed audit sector leader and audit service line leader for asset management.

audit 52

audit CPA Iowa North Carolina 52

Going Concern

NOVEMBER 25, 2024

Right now, we are focused on running our business well and adapting to meet the needs of our clients and the rapidly changing market.”

accountant 52

accountant accounted Account CPA 52

Going Concern

NOVEMBER 18, 2024

In a letter to the Iowa senator sent on Nov. Joni Ernst (R-IA), who is hoping the level of tax waste will be squashed by billionaire Elon Musk, the newly tapped co-leader of the Department of Government Efficiency.

accountant 52

accountant accounted Account Washington 52

TaxConnex

JULY 1, 2025

Iowa has increased sales and use tax breaks for data centers to include leased facilities. Under the new law, the state allows searches using a retailer’s name or federal taxpayer identification number, in addition to the sales and use tax license number. The change aims to improve the refund process for erroneous sales tax payments.

Sales 147

Sales Utah Tax Mississippi 147

CPA Practice

OCTOBER 22, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

payroll 52

payroll Rhode Island West Virginia South Dakota 52

CPA Practice

AUGUST 12, 2024

Top 200 accounting firm Honkamp merged in Brems Group, a CPA firm with offices in Cedar Rapids and Coralville, Iowa, effective Aug. Dubuque, Iowa-based Honkamp said the new locations in Cedar Rapids and Coralville will increase the firm’s ability to provide CPA and business advisory services to even more clients.

Iowa 105

Iowa cpa firm cpas CPA 105

CPA Practice

FEBRUARY 8, 2024

The Iowa Society of CPAs (ISCPA) was founded in 1915 and currently has more than 4,000 active members, making it the largest professional membership organization in Iowa. Like other states, Iowa is not immune to the current CPA pipeline issues and finding CPA talent is a top concern for businesses across the state.

Iowa 114

Iowa cpas CPA Education 114

TaxConnex

JANUARY 30, 2024

Take Iowa , where marketplace facilitators who generate $100,000 or more in sales must get an Iowa retail sales tax permit and file sales tax returns. States seem to believe that marketplace facilitators – most of which are much larger than most retailers – constitute a rich source of tax revenue.

Iowa 264

Iowa Pennsylvania Illinois Sales 264

CPA Practice

APRIL 24, 2025

The Iowa Society of CPAs (ISCPA) announced that Carrie Steffen will become its next CEO, effective May 19.

Iowa 93

Iowa cpas CPA accountant 93

PYMNTS

JANUARY 8, 2019

Senator Elizabeth Warren didn’t hold back during her first trip to Iowa, going after Washington for being “corrupt” and “beholden to giant corporations.” In addition, Warren criticized the idea that wealthy potential presidential candidates might use their personal fortunes to finance their campaigns.

Iowa 75

Iowa Washington Finance Sales 75

Accounting Today

JULY 10, 2024

The IRS is pushing back both filing and payments deadlines for impacted taxpayers.

Iowa 130

Iowa Mississippi Tax 130

TaxConnex

DECEMBER 28, 2023

States expected to do best with sales tax in 2024 are West Virginia, Massachusetts, Kentucky, Iowa and New York. States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. Delivery fees “Sales taxes” are starting to take different forms.

Sales 264

Sales South Dakota Louisiana Tax 264

Accounting Today

APRIL 9, 2025

The Iowa Legislature passed a bill creating an additional pathway to CPA licensure.

Iowa 59

Iowa CPA cpas accountant 59

TaxConnex

AUGUST 1, 2024

North Carolina joins South Dakota, California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds ; some states never adopted one.

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North Carolina Sales South Dakota North Dakota 264

TaxConnex

APRIL 9, 2024

Vitamin and supplement labels can also have “drug facts” that would likely trigger tax as a prescription or nonprescription drug – though if prescribed by a physician vitamins and supplements are exempt from sales tax in Alabama, Indiana, Iowa, Maine, and possibly Hawaii.

Sales 264

Sales West Virginia Tax Virginia 264

TaxConnex

APRIL 4, 2024

South Dakota joins California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in recently eliminating transaction-based nexus thresholds. Thirteen economic-nexus states never had such thresholds.)

South Dakota 264

South Dakota North Dakota Wisconsin Iowa 264

TaxConnex

AUGUST 8, 2024

In five major farming states, for instance, these annual thresholds are now $100,000 in sales in Iowa or South Dakota; and, in Illinois, Nebraska and Minnesota, $100,000 in sales or 200 transactions.

Agriculture 264

Agriculture Sales Tax South Dakota 264

TaxConnex

SEPTEMBER 1, 2022

Some examples: Iowa: Gross sales to the state over $100,000; no annual transaction threshold. Wayfair allowed the state to force out-of-state sellers to collect sales tax provided they had at least $100,000 in gross revenue or has at least 200-transactions sourced into the state. Mississippi: $250,000 sales; no transaction threshold.

South Dakota 246

South Dakota Mississippi Iowa Sales 246

TaxConnex

JUNE 20, 2023

South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. Starting Aug.

South Dakota 246

South Dakota North Dakota Wisconsin Iowa 246

TaxConnex

JANUARY 11, 2022

Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming. But even a portion of taxable items renders a whole shipment’s shipping cost subject to sales tax in Kentucky, New Mexico, New York and Pennsylvania.

Sales 246

Sales Rhode Island South Dakota North Dakota 246

Going Concern

JULY 31, 2024

One person who did not miss the memo is Joni Ernst, the Republican senator from Iowa who we assume has no relation to Ernsts Alwin C. and Theodore though we suppose it’s a possibility given the proximity of Iowa to Ohio. It seems IRS employees owe almost $50 million in overdue taxes and somehow this news slipped right past us.

Iowa 118

Iowa Tax Ohio audit 118

TaxConnex

JANUARY 16, 2024

This includes whether you’re selling to a business or a consumer (as in Iowa, Maryland and Ohio), unique state sales tax rates (Connecticut), home-rule jurisdictions (Colorado and Illinois), partial exemptions (Texas), to name a few. SaaS incurs sales tax in roughly half the states. Many nuances affect sales tax and SaaS in various states.

Iowa 264

Iowa Connecticut Maryland Colorado 264

TaxConnex

DECEMBER 14, 2021

Iowa has issued updated guidance regarding the taxation of specified digital products, software and related services. Online retailers now must charge the sales tax rate collected where the shopper lives, reports said, including full local rates and the local taxes that cities and counties impose on brick-and-mortar retailers.

Sales 246

Sales Kansas Tax Iowa 246

TaxConnex

JUNE 13, 2024

Colorado, for instance, used to also require or 200 or more separate transactions in the state, but has since joined South Dakota, California, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in eliminating transaction-based thresholds. Not all changes work against sellers.

South Dakota 264

South Dakota North Dakota Massachusetts E-commerce 264

Cherry Bekaert

OCTOBER 10, 2023

Iowa On September 29, 2023, the Iowa Department of Revenue announced that the 2022 Pass-Through Entity (PTE) Tax election and 2022 PTE Tax Form are available through GovConnectIowa. The Iowa Department of Revenue will not be issuing paper forms or modifying any existing 2022 income forms or schedules.

Iowa 104

Iowa North Carolina Virginia Tax 104

TaxConnex

FEBRUARY 15, 2024

Iowa has revoked its sales and use tax exemption for purchases of computers and peripherals by insurance companies, financial institutions and commercial enterprises. Elsewhere Georgia’s Senate has passed a bill along party lines creating a tax holiday on guns, scopes, safes, trigger locks and ammunition, among other related items.

Sales 263

Sales Tax Illinois Washington 263

CPA Practice

FEBRUARY 28, 2023

By Erin Murphy, The Gazette, Cedar Rapids, Iowa (TNS) Hundreds of Iowans did not get their correct federal tax refund due to a clerical error by the state revenue department, the department confirmed Friday, and state money will be used to fix the mistake. Once the error was discovered, a corrected file was sent to the IRS.

Iowa 80

Iowa Tax tax return Government 80

Xero

JULY 7, 2022

I am originally from Naperville, Illinois and I’m currently a senior studying accounting and business analytics at the Tippie College of Business at the University of Iowa. The past couple years, I have been involved in the BizEdge mentoring program at University of Iowa, serving as both a mentee and a mentor.

Iowa 98

Iowa accounting and finance Illinois bookkeeping 98

TaxConnex

NOVEMBER 16, 2021

These states include New Jersey, Illinois, New York, Nevada, Louisiana, Maine, Kansas, Iowa, and Rhode Island. In this case, it is better to have a qualified sales tax specialist firm like TaxConnex monitor their nexus and make sure that they are collecting and remitting sales tax to the proper jurisdictions.

South Dakota 242

South Dakota E-commerce Rhode Island Illinois 242

TaxConnex

AUGUST 9, 2022

Iowa exemptions now include diapers and feminine hygiene products, specified digital products and prewritten computer software.?Exemptions Iowa has modified its sales tax base. semiconductor projects?on on construction and building materials. for exemptions for nonprofits, which must now see sales of less than $20,000 in a year.

Sales 130

Sales Louisiana Iowa Tax 130

TaxConnex

SEPTEMBER 5, 2024

Iowa: Exempt if separately billed or separately stated on the invoice. Illinois : S&H taxable when the transportation and delivery charges aren’t separately identified to the purchaser on the contract or invoice, among other conditions. Indiana: Generally, incurs sales tax if the item does.

Sales 264

Sales Tax Transportation Kansas 264

Withum

OCTOBER 14, 2021

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Iowa 52

Iowa Tax 52

TaxConnex

MAY 14, 2024

Etsy calculates the state sales tax rate for the shipping address, charges the buyer, and sends the tax owed to the state.

Sales 203

Sales South Carolina Rhode Island Tax 203

Accounting Today

AUGUST 9, 2024

With the merger, the Regional Leader will add offices in Cedar Rapids and Coralville, Iowa.

Iowa 78

Iowa 78

TaxConnex

SEPTEMBER 26, 2024

In other states, exemption certificates expire after set periods, such as one year in Alabama and three years in Connecticut, Illinois (where three years is the recommended update period for a resale certificate), Iowa and Louisiana.

Rhode Island 130

Rhode Island West Virginia South Dakota North Dakota 130

Katz,Sapper&Miller

NOVEMBER 21, 2018

Jason Miller and Shane Schuh with KSM’s Transportation Services Group will present “Lease Accounting Update and its Impact on the Transportation Industry” to members of the Iowa Motor Truck Association on Dec. 2016-02, Leases (Topic 842), which goes into effect Dec.

Iowa 40

Iowa Transportation accounting standards accountant 40

TaxConnex

DECEMBER 7, 2023

Iowa topped the list for having the highest search levels for Black Friday in the U.S., During peak hours of both days, shoppers spent $15.7 million every minute. Analysis of Google activity also showed that the most searched term in Black Friday was iPhone deals. followed by South Dakota, Kentucky, West Virginia and Kansas.

Sales 147

Sales West Virginia South Dakota Tax 147