article thumbnail

State CPA Societies in Action: Iowa Society of CPAs (ISCPA)

CPA Practice

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
article thumbnail

Hot Topics: Sellers and marketplace facilitators | TaxConnex

TaxConnex

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 206
Insiders

Sign Up for our Newsletter

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

article thumbnail

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.” In addition, Warren criticized the idea that wealthy potential presidential candidates might use their personal fortunes to finance their campaigns.

Iowa 75
article thumbnail

2024: What’s coming up in sales tax

TaxConnex

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.

article thumbnail

State Pass-Through Entity Tax Updates: October 2023

Cherry Bekaert

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
article thumbnail

Clerical Error Results in Wrong Tax Refunds for Hundreds of Iowans

CPA Practice

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
article thumbnail

Complexities of SaaS Taxability | TaxConnex

TaxConnex

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 209