Warren Bashes Wells, Equifax In Iowa Speeches

PYMNTS

Senator Elizabeth Warren didn’t hold back during her first trip to Iowa, going after Washington for being “corrupt” and “beholden to giant corporations.” She has hired Emily Parcell, who worked as then-Senator Barack Obama’s Iowa political director for the 2008 caucus and as a senior advisor to Clinton in the state in 2016, as well as Brendan Summers, who was the 2016 Iowa and national caucus director for Bernie Sanders during his presidential campaign.

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Iowa State Tax Updates

Withum

Blogs

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Miller and Schuh to Present Lease Accounting Update at Iowa Motor Truck Association Member Webinar

Katz,Sapper&Miller

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. In this webinar conversation, Miller and Schuh will detail key changes brought about by the Financial Accounting Standards Board (FASB) Accounting Standards Update No. 2016-02, Leases (Topic 842), which goes into effect Dec.

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The Accountant Shortage Makes One Office Get Really Desperate

Going Concern

In early October, local KCCI in Des Moines ran a story about a shortage at the Iowa State Auditor’s Office. From the first KCCI story : The Iowa State Auditor’s Office is looking at college graduates with 2-year degrees to help fill open accounting positions.

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3 things to remember about economic nexus

TaxConnex

Some examples: Iowa: Gross sales to the state over $100,000; no annual transaction threshold. This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v.

What's new in July for state sales and use taxes

TaxConnex

Iowa exemptions now include diapers and feminine hygiene products, specified digital products and prewritten computer software.?Exemptions Iowa has modified its sales tax base. There’s always something changing in the world of tax, especially sales tax.

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Tricky items for sales tax

TaxConnex

Starting in Iowa next summer, electric fuel sold at a nonresidential location will become subject to an excise tax of 2.6 We’re fond of saying that nothing’s ever easy in sales tax.

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PwC’s Summer Break Works, Says Tim Ryan

Going Concern

“The energy and the enthusiasm is amazing, and that translates to my mind to productivity and happier clients at the end of the day,” he said, while visiting one of PwC’s offices in Des Moines, Iowa.

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Sales tax holidays for the rest of the year

TaxConnex

Back-to-school remains the predominant theme of sales tax holidays in many states in August, including Iowa (Aug. Holiday time already? In many states, sales tax holidays have been in full swing this year and will continue for months to come.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming.

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What's New in State Sales and Use Taxes?

TaxConnex

Iowa has issued updated guidance regarding the taxation of specified digital products, software and related services. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates.

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Monday Morning Accounting News Brief: The Diversity-est Big 4 Firm; An EY Record; PCAOB Stream | 10.17.22

Going Concern

The Iowa State Auditor’s Office is seeing a shortage of accountants along with a shortage of accounting students with 4-year degrees (no duh).

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Marketplace facilitators: Your latest Q. and A.

TaxConnex

Recently Hawaii, Texas, Wisconsin, Illinois, Michigan, Iowa, Louisiana and North Carolina added laws. We talk a lot about nexus and compliance processes in our content, but what about marketplace facilitators? In this blog we answer your top questions about marketplace facilitators.

Is Software as a Service Taxable? 

Anders CPA

Arizona Connecticut District of Columbia Hawaii Iowa Louisiana (1/1/2023) Massachusetts Maryland Minnesota Mississippi New Mexico New York Ohio Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Washington West Virginia. Is Software as a Service (SaaS) taxable?

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Sales Tax Updates for Technology Companies

TaxConnex

Iowa’s legislature has defined the term “computer peripheral” and added that term to the existing sales tax exemption for computers used in processing or storage of data or information by an insurance company, financial institution or commercial enterprise.

Understanding Affiliate Nexus and Other Forms of Physical Presence

TaxConnex

These states include New Jersey, Illinois, New York, Nevada, Louisiana, Maine, Kansas, Iowa, and Rhode Island. The explosive growth of online sales means that state and local governments are searching for ways to recoup the tax revenue that they have determined they are owed.

3 Years Post-Wayfair: A Look Back

TaxConnex

States like South Carolina and Iowa reported early, positive, revenue collections on the new requirements. June 21 marked three years since the landmark decision in the South Dakota v. Wayfair case. The years since June 2018 have been unlike anything in the history of sales tax. The U.S.

Friday Footnotes: Screw the Office; Auditor Sues EY For Doing Her Job; IRS Levels Up | 9.16.22

Going Concern

Senator Joni Ernst (R-Iowa) informed her colleagues and taxpayers in Iowa and across the country that the U.S. Big 4.

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters.

Friday Footnotes: Firms Make Progress on Diversity; EY Growth Plan; PIZZA PARTY! | 3.8.22

Going Concern

CPA firms show progress in diversity amid pipeline challenges [ Journal of Accountancy ] The AICPA finally got around to releasing their 2021 Trends report, which we’ll dissect shortly.

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Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

PYMNTS

Google is also being investigated by attorneys general from several states, including California, Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah.

Google Play Policy Changes Will Extend Gambling Apps Across More Countries

PYMNTS

Sports betting is only allowed in Colorado, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Tennessee and West Virginia. .

Ten Lucrative Side Hustle Ideas for Big 4 Accountants

Going Concern

Those of you in California, Connecticut, Hawaii, Iowa, Maine, Massachusetts, Michigan, New York, Oregon, and Vermont should pay special attention to this part.

Texas AG Paxton: More States Could File Antitrust Lawsuits Against Google 

PYMNTS

A bipartisan group of states — Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah — is planning to file an antitrust lawsuit against Google sometime in this month.

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Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). The previous week's revised level was upped 4,000 from 787,000 to 791,000. The seasonally adjusted insured unemployment rate dropped 0.5 percent from the previous week's revised rate to 5.3 percent for the week ending Oct. The previous week's rate was revised from 5.8

Groceries Juggle Bottom Line, Food Delivery Costs

PYMNTS

Iowa-based grocer Hy-Vee , with its chain of more than 245 supermarkets located in the Midwest, said it plans to expand pickup, which can be cheaper than delivery. Online grocery sales rose to a record $6.6

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California Goes Back Under Lockdown

PYMNTS

But in nearby Iowa County, masks are encouraged but not mandated. The number of coronavirus cases in the U.S. surpassed 3.3 million on Monday (July 13) as the nation’s death toll exceeded 135,000, according to Johns Hopkins University.

SBA Emergency Loan Program Bombarded With Over 3 Million Applications

PYMNTS

A hair salon owner with locations in Iowa and Nebraska said he hadn’t received any funds after weeks of waiting. After receiving over 3 million applications as the coronavirus pandemic continues, an emergency loan program helmed by the Small Business Association (SBA) is running low on funds.

State AGs To Press Own Case Against Google

PYMNTS

The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah.

Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

In addition to New York, the program is now available for SNAP recipients in Alabama, Arizona, California, Florida, Iowa, Kentucky, Nebraska, New York, Oregon and Washington. Fiserv Inc.,

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

In the eight states with no shelter-at-home orders – North Dakota, South Dakota, Nebraska, Iowa, Arkansas, Oklahoma, Wyoming and Utah – spending was still down, but by less.

NJ Online Gaming Revenue Set To Grow 66 Pct This Year

PYMNTS

Mobile betting, however, is only allowed in five: New Jersey, West Virginia, Iowa, Pennsylvania and Nevada per earlier reports. With blackjack and roulette on mobile phones, the growing market for online sports wagering in New Jersey has introduced gamblers to virtual casino games.

Blue Apron Hit With Employee Labor Lawsuit

PYMNTS

The company is also being sued by an Iowa-based meat processing company, which claims Blue Apron failed to make good on a $26 million contract to purchase free-range chickens, which led to mass layoffs and the closure of a plant in Arkansas. Blue Apron employees have filed a class-action lawsuit against the company over a variety of alleged labor law violations.

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More States Join AG Facebook Investigation Led By NY 

PYMNTS

The probe of Facebook, announced in September, is led by New York and includes Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee and the District of Columbia. The Facebook probe announced by attorneys general in September now has 40 states signed on to investigate allegations of the social media giant’s anti-competitive practices, The Washington Post reported on Monday (Oct. Sources told Reuters that several state attorneys general met with U.S.

Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years

ThomsonReuters

per hour), Idaho, Iowa, Kansas, Kentucky, North Carolina, North Dakota, New Hampshire, Oklahoma, Pennsylvania, Utah, Wisconsin, and Wyoming.

First National Bank Of Omaha Shutters NRA Visa Card

PYMNTS

First National Bank has offices in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas. First National Bank of Omaha announced that it is not renewing a contract with the National Rifle Association (NRA) to offer customers an NRA-branded Visa card. The move comes after the shooting at a high school in Parkland, Florida that left 17 people dead. The NRA has come under intense criticism for its opposition to stricter gun laws.

Today In Payments: Study Shows Americans’ Savings Drying Up; State AGs To Press Own Case Against Google

PYMNTS

The states leading the probe include Arizona, Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee and Utah. In today’s top news, Americans are struggling as savings accounts run dry, and several states are preparing their own antitrust probe into Google.

Study: Automation Will Hurt Manufacturing-Heavy Midwest

PYMNTS

Wisconsin, Iowa and Ohio, which are heavy manufacturing states, will be the hardest hit. Manufacturing-heavy states in the Midwest will be hit hardest by the rise of artificial intelligence (AI) and automation for lower-skilled jobs, according to a new study by Brookings Institution researchers.

Hy-Vee Says Customer Credit Card Info Was Compromised

PYMNTS

Des Moines, Iowa-based supermarket chain Hy-Vee said credit card information for an undisclosed number of customers were exposed in a data breach, according to reports. “Hy-Vee Hy-Vee takes the security of payment card data very seriously,” the company said in a statement on its website. “We We want to make customers aware of an investigation we are conducting” into some transactions. The number of locations that were affected is unknown.

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Tax-Free States? Pay No Income Tax in These 9 Tax-Friendly States!

LyfeAccounting

Iowa – 8.53%. If you’re in high-tax states like Minnesota or Iowa, then it might be worth checking out South Dakota. US taxpayers pay over $1 trillion in state income taxes every year. But what if you could pay $0 in state taxes? It turns out that you can.

Mattress Company Casper Teams Up With PLUS For CBD Gummies

PYMNTS

They’ll be flavored blackberry tea and will be available in states across the country except Alaska, Idaho, Iowa, Hawaii, Mississippi, Oklahoma and South Dakota. Mattress company Casper has teamed up with edible startup PLUS to offer customers CBD sleep gummies with chamomile and 1 milligram of melatonin, according to a report by TechCrunch. The move is part of the company’s continuing expansion efforts to move beyond just selling mattresses.

Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

Iowa Falls State Bank. Google Pay, a digital wallet and payment platform, has added about 30 new U.S. credit unions and banking institutions to its platform this month, according to a report. The list of banks added to the list has been growing recently, including international ones as well. On Dec. 6, Google announced that Danske Bank would support the app. The American banks are: Arundel Federal Savings Bank. Building Trades Credit Union. Community Bank of the Bay.

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