TaxConnex

DECEMBER 14, 2021

Kansas has issued guidance providing that while a remote seller is not required to collect tax on its first $100,000 in sales for purposes of determining when economic nexus first begins, remote sellers should advise purchasers they have a use tax obligation if no tax is collected on the sale. Laura Kelly, has also called for the cut.

Sales 177

Sales Kansas Tax Iowa 177

CPA Practice

DECEMBER 20, 2023

The Kansas Society of Certified Public Accountants (KSCPA) opens this door to Kansas high school students through the INSPIRE Business Camp. The camp introduces Kansas high school students to the vast array of career opportunities in the accounting profession. It was not a linear path.

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TaxConnex

MARCH 14, 2023

Kansas began applying a preferential sales tax rate to groceries; the state sales tax on groceries is scheduled to phase down to 4% this year and 2% in 2024 before hitting zero in 2025. Walmart, incidentally, has admitted that some of its Kansas stores charged too much sales tax right after the law started.) starting Jan.

South Dakota 130

South Dakota Sales Tax Kansas 130

CPA Practice

JANUARY 3, 2024

Kansas has cut its grocery tax from 4% to 2%. The food tax reduction is thanks to the state’s bipartisan “ Axe the Food Tax ” bill, signed into law two years ago by Kansas Gov. Kansas plans to eliminate its state grocery tax by 2025. For now, Kansas remains one of 13 states that still tax groceries. Laura Kelly.

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Tax Kansas income tax Montana 128

CPA Practice

JANUARY 3, 2024

The Kansas Society of CPAs hosted the 2023 INSPIRE Business Camp for Kansas high school students. The camp is designed to introduce Kansas high school students to the vast array of career opportunities in the accounting profession.

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Accounting Today

FEBRUARY 26, 2024

The IRS is particularly interested in applications covering Hawaii, Kansas, Nevada, North Dakota, South Dakota, West Virginia and Puerto Rico.

West Virginia 71

West Virginia South Dakota North Dakota Hawaii 71

Cherry Bekaert

SEPTEMBER 27, 2023

This program has become a vital recovery resource and a community safety net for the Kansas City area. By utilizing the capital campaign proceeds, direct and upper-tier debt from Security Bank of Kansas City and the $14 million new market tax credit transaction, Welcome House was able to finance and complete their new facility.

Kansas 110

Kansas Tax Construction Finance 110

TaxConnex

MARCH 17, 2022

Kansas – sales tax revenue of $224 million in December, $4 million over predictions – is one of the states where banner hauls have ignited call for eliminating sales tax on essentials like groceries. Florida reported that general-revenue tax collections in December were $610.9 New trends, but for how long?

Sales 167

Sales E-commerce Tax Kansas 167

CPA Practice

MARCH 13, 2024

The Kansas City Star, (via TNS). Most of the members from Kansas and Missouri joined the 352 representatives who voted for the bill. Laura Kelly, in Kansas. ©2024 The Kansas City Star. By Daniel Desrochers. Cori Bush, a St. Louis Democrat, was among the 65 members who opposed the bill. Ann Wagner, a St.

Kansas 52

Kansas Missouri Kentucky Technology 52

TaxConnex

SEPTEMBER 14, 2023

Kansas and Tennessee just became the latest states to green light such exemptions. According to The Wine Institute , wine incurs sales tax in all states that have a sales tax except in Kansas, Massachusetts and Rhode Island. Groceries are not taxable in some states; other states only offer a discounted sales tax on groceries.

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Sales Rhode Island Tax Kansas 147

TaxConnex

FEBRUARY 8, 2024

Among other reasons for rate changes: Speaking of political tax breaks, exempting groceries from sales tax continues to be popular ( Kansas and Tennessee are among the latest states to greenlight such exemptions).

Sales 190

Sales Tax South Dakota Kentucky 190

CPA Practice

FEBRUARY 9, 2024

Taylor, Kiplinger Consumer News Service (TNS) The Kansas City Chiefs, making their second consecutive appearance, are set to play in Super Bowl LVIII against the San Francisco 49ers. Kansas City Chiefs +2 (-110). By Kelley R. As usual, fans are anticipating the commercials and Usher’s halftime show.

Gambling 122

Gambling Tax Sports South Carolina 122

Accounting Today

JANUARY 17, 2024

A Dallas-based private equity firm is looking to expand its presence in the accounting sector in partnership with a Kansas-based firm it invested in last year.

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Kansas Account accountant accounted 66

CPA Practice

JUNE 21, 2023

By Tylor Willis, CFP, The Kansas City Star (TNS) Most of us want to preserve or grow our wealth. ABOUT THE AUTHOR Tylor Willis, MBA, CFP, CPWA, is a member of the Financial Planning Association of Greater Kansas City. ©2023 The Kansas City Star. Here are four strategies to consider adding to your financial plan.

Kansas 101

Kansas Tax income tax tax planning 101

TaxConnex

FEBRUARY 22, 2024

many of which involve intensely localized differences in rates in California or West Virginia, to name just two states – and, in the case of a municipality like Kansas City, sales tax rates can change block to block. Consider that there are 10,000-plus tax jurisdictions in the U.S.,

E-commerce 195

E-commerce West Virginia Kansas Virginia 195

CPA Practice

FEBRUARY 19, 2024

Over 65% of small businesses in major metropolitan areas —including Boston, Chicago, Cleveland, Kansas City, Philadelphia and Minneapolis — were moderately, very or extremely concerned about hiring qualified staff. The report also found a 25% growth in median revenue over the past 18 months, supporting small businesses’ optimistic outlook.

Kansas 114

Kansas Gaming Finance 114

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 147

North Carolina Oklahoma Ohio Tax 147

CPA Practice

FEBRUARY 19, 2024

Wyoming, South Dakota, North Dakota, New Hampshire, Montana, Maine, Utah, Kansas, Minnesota, Maryland, Idaho, Oregon, Colorado, Missouri, Nebraska, Florida, Ohio, Wisconsin, and Massachusetts also made the list. Notably, of the states with the highest absolute percentage of minority-owned businesses (Hawaii, Washington D.C.,

South Dakota 105

South Dakota North Dakota Maryland New Hampshire 105

Withum

JULY 7, 2021

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Kansas 52

Kansas Tax 52

TaxConnex

NOVEMBER 7, 2023

Colorado also favors small businesses with its discount, Kansas gives special discounts to retailers in certain other states and jurisdictions. South Carolina gives a big break to retailers who aren’t required to collect and remit the state sales but volunteer to do so.

South Carolina 147

South Carolina Colorado Pennsylvania Kentucky 147

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 130

North Carolina Oklahoma Ohio Tax 130

TaxConnex

MAY 6, 2021

Kansas Gov. Currently, Kansas is unusual in that all sellers regardless of number or value of sales must register for a sales tax permit. Laura Kelly has vetoed a bill which would have set a threshold for out-of-state sellers to establish economic nexus.

Sales 199

Sales North Carolina Tax Maryland 199

Going Concern

APRIL 4, 2022

1 seed Kansas Jayhawks for the 2022 men’s college basketball championship. You could say Kansas because they are a No. But after scanning both teams’ rosters this morning, there are a grand total of zero players on both Kansas and North Carolina who are majoring in accounting. So who has the edge in tonight’s match-up?

North Carolina 52

North Carolina Kansas Account accountant 52

CPA Practice

OCTOBER 30, 2023

18, 2023 Topeka, Kansas Sept. 17, 2023 Overland Park, Kansas Jan. 18, 2023 Topeka, Kansas Sept. 17, 2023 Overland Park, Kansas Jan. 10, 2023 Missoula, Montana Oct. 2, 2023 Martinsburg, West Virginia Oct. 2, 2023 Monroe, Louisiana Sept. 25, 2023 York, Pennsylvania Sept. 5, 2023 Utica, New York Aug. 14, 2022

West Virginia 111

West Virginia North Carolina Virginia Pennsylvania 111

TaxConnex

DECEMBER 30, 2021

In Kansas, lawmakers overrode an unexpected gubernatorial veto and set for out-of-state sellers an economic nexus threshold – which the state had never had. The new law, which would take effect July 1, created economic nexus for companies with more than $100,000 in gross sales to Kansas consumers in the current or previous calendar year.

Sales 192

Sales Tax Maryland West Virginia 192

CPA Practice

APRIL 5, 2024

Kansas $1,405,670 $525,482 37.4% The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

TaxConnex

DECEMBER 28, 2023

Sales tax exemptions may also continue to expand on such items as groceries (Kansas is one of the latest states to make this change) but sales taxes themselves may begin to be levied on new products and services, especially in the digital world. For example, in Georgia effective this Jan.

South Dakota 220

South Dakota Sales Tax Louisiana 220

TaxConnex

MAY 23, 2023

Diapers and groceries are taxed in Hawaii, Idaho, Utah, Kansas, Missouri, Oklahoma, Arkansas, Tennessee and Alabama, Mississippi and South Dakota. Playing dress-up Clothing is taxable in most states and the District of Columbia. But rules differ like a bewildering array of wardrobe choices.

South Carolina 130

South Carolina South Dakota Sales Montana 130

CPA Practice

MAY 18, 2023

Rachel Binau (Kansas), a graduate of Kansas State University with a Bachelor of Science in Business Administration with a major in accounting and a Master of Accountancy, is employed with FORVIS in Wichita, KS.

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TaxConnex

DECEMBER 7, 2023

followed by South Dakota, Kentucky, West Virginia and Kansas. Analysis of Google activity also showed that the most searched term in Black Friday was iPhone deals. Iowa topped the list for having the highest search levels for Black Friday in the U.S., New York ranked last. Making it right, eventually: A woman in St.

Sales 147

Sales Tax West Virginia South Dakota 147

CPA Practice

JANUARY 30, 2023

In 2011 the IRS won a Tax Court case involving a Kansas law firm. The firm was organized as a limited liability partnership (LLP) in Kansas. A Kansas LLP is effectively a general partnership that files a separate form with the state to obtain limited liability. No one really knows. The law firm filed this form.

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Tax Kansas income tax 98

TaxConnex

NOVEMBER 8, 2022

According to a recent guide from Bloomberg , nine states treat crypto the same as they do cash for transactions for sale tax purposes: California, Kansas, Kentucky, Michigan, Minnesota, New Jersey, New York, Washington and Wisconsin. So far, few states have regulations regarding virtual currency, but that’s changing. Take it state by state.

Sales 130

Sales Tax Wisconsin Kentucky 130

Insightful Accountant

MARCH 9, 2023

Ignition's Matt Kansas takes a look at the shift to 'Accounting 2.0'—and and what the next 10 years may look like.

Gaming 73

Gaming Kansas Account accountant 73

TaxConnex

JUNE 8, 2021

Also in May, Kansas lawmakers overrode the gubernatorial veto on Topeka’s Senate Bill 50 , which requires marketplace facilitators to collect and remit sales and use tax and sets a new remote seller tax collection threshold for the state. The law kicks in on Jan.

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Sales Tax Arkansas South Carolina 143

TaxConnex

NOVEMBER 2, 2021

Labels can also have “drug facts” that would likely trigger tax as a prescription or nonprescription drug (this could exempt the vitamins and supplements from state sales tax in some states like Alabama, Connecticut and Kansas and, in some cases, Oklahoma).

Sales 196

Sales West Virginia Tax Vermont 196

CPA Practice

MAY 22, 2023

Wold is a member of the firm’s Commercial Products Practice and comes into the market from Wichita, Kansas with nearly 30 years of experience. Wold is a member of the AICPA, Virginia Society of CPAs and the Kansas Society of CPAs. Wold holds a bachelor’s degree in accounting from Wichita State University, Kansas.

Virginia 52

Virginia Kansas North Carolina cpas 52

CPA Practice

JUNE 1, 2023

Rachel Binau (Kansas), a graduate of Kansas State University with a Bachelor of Science in Business Administration with a major in accounting and a Master of Accountancy, is employed with FORVIS in Wichita, KS.

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