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 cpas Kansas North Carolina 52

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.

Kansas 101

Kansas Gaming account accountant 101

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.

cpa 111

cpa institute of chartered accountants chartered accountant accounting and finance 111

TaxConnex

MAY 18, 2023

Schmear tactics Everybody knows that taxes can generally be confusing and unusual – a hot-air balloon ride in Kansas, for instance, incurs amusement tax if the balloon is tethered to the ground and no tax if the balloon is flying free – but sales taxes can be in a league of their own. Here’s a look at a few, starting with some kinds of food.

tax 130

tax Sales South Dakota West Virginia 130

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.

tax 246

tax Sales Maryland West Virginia 246

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.

tax 246

tax Sales North Carolina North Dakota 246

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.

tax 223

tax Sales Arkansas South Carolina 223

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.

tax 98

tax Kansas income tax 98

CPA Practice

MAY 12, 2023

For example, some taxpayers living in Kansas find it more convenient to meet in Kansas City, MO, rather than at the IRS office in Wichita, the designated location in Kansas.

Kansas 59

Kansas tax 59

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 account accountant accounted 52

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).

tax 246

tax Sales West Virginia Wyoming 246

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.

tax 130

tax Sales New Jersey Kentucky 130

Going Concern

AUGUST 19, 2022

Jacob Holman , Kansas City, MO. Christina Phillips , Kansas City, MO. Kris Smalley , Kansas City, MO. Nick Withrow , Forvis Wealth Advisors, Kansas City, MO. Ryan Boggs , Principal, Greenville, SC. Lindsay Conley , St. Wil Crawford Jr. Jackson, MS. Nicholas Eichelman , Indianapolis. Michael Fortman , Fort Wayne, IN.

Kansas 59

Kansas Colorado 59

TaxConnex

JUNE 30, 2022

New sales tax collection and remittance requirements in Kansas , for instance, apply to marketplace facilitators with calendar year sales sourced into the state exceeding $100,000 of “cumulative gross receipts,” which includes both the marketplace facilitator’s sales of its own property and services and the sales it facilitates on its platform.

Sales 246

Sales tax Arkansas Oklahoma 246

TaxConnex

JUNE 14, 2022

New sales tax collection and remittance requirements in Kansas , for instance, apply to marketplace facilitators with calendar year sales sourced into the state exceeding $100,000 of “cumulative gross receipts,” which includes both the marketplace facilitator’s sales of its own property and services and the sales it facilitates on its platform.

Sales 246

Sales tax Arkansas Oklahoma 246

TaxConnex

FEBRUARY 14, 2023

Wine, according to The Wine Institute , incurs sales tax in all states that have a sales tax except in Kansas, Massachusetts and Rhode Island. Flowers, in most states, require collection and remittance of sales tax on purchases online for delivery based on the location of florist, the customer or sometimes on the recipient.

tax 130

tax Sales Rhode Island North Carolina 130

Withum

JULY 7, 2021

(..)

Kansas 52

Kansas tax 52

TaxConnex

MARCH 15, 2022

One in Kansas would eliminate the state sales tax on some hygiene products. (Ten states have already removed the tax on diapers.) A similar proposal in Florida would create a state sales tax exemption on such baby items as diapers, clothes and shoes.

tax 246

tax Sales South Dakota Missouri 246

ThomsonReuters

OCTOBER 19, 2022

In this edition, we take a look at the recently enacted corporate alternative (book) minimum tax; new elections to convert credits to cash or tax payments; changes to the electric vehicle credit; recent legislation in Kansas, Kentucky, and Missouri; and state taxation of forgiven student loans.

tax 64

tax income tax Kansas Kentucky 64

CPA Practice

FEBRUARY 8, 2023

By Jessi Chadd, CFP, The Kansas City Star (TNS) On Dec. ABOUT THE AUTHOR Jessi Chadd is a Certified Financial Planner and a member of Financial Planning Association of Greater Kansas City. ©2023 The Kansas City Star. 23, 2022, Congress passed the much-anticipated SECURE Act 2.0 Visit kansascity.com.

Kansas 69

Kansas Start-ups tax account 69

TaxConnex

JANUARY 17, 2023

Among states with sales tax, shipping generally incurs sales tax in the District of Columbia, Kansas and New Mexico.

tax 130

tax Rhode Island Sales North Dakota 130

TaxConnex

JANUARY 13, 2022

Kansas Gov. 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. State updates.

tax 246

tax Sales Utah income tax 246

CPA Practice

JANUARY 23, 2023

1 passed laws to reduce, eliminate or ease the pinch—Kansas, Virginia, Illinois, Tennessee and Idaho. Kansas Gov. By Marsha Mercer, Stateline.org (TNS) As inflation soared in the past year, families in some states suffered a double whammy—paying food sales taxes on top of higher-priced groceries. Efforts failed in several other states.

tax 111

tax Idaho income tax South Dakota 111

TaxConnex

MARCH 22, 2022

In Kansas, the discount varies by tax liability. Michigan offers progressively better discounts for progressively prompter payment. Virginia’s prompt payment discount depends on level of sales, among other conditions. Pennsylvania’s prompt payment discount varies by frequency of filing. Discounts can be?capped?in in some states either?monthly,?quarterly?

tax 246

tax Sales Utah South Carolina 246

ThomsonReuters

FEBRUARY 15, 2023

Property tax case study A recent move by the Kansas Supreme Court could potentially have significant implications for taxation in Kansas. The divided Court of Appeals, however, determined BOTA appropriately adhered to Kansas law. At the heart of the issue is how retail stores should be considered for property tax purposes.

tax 52

tax Real Estate Kansas South Dakota 52

Going Concern

OCTOBER 23, 2022

Kpassagnon, who double-majored in accounting and finance at Villanova University, was a DE on the Super Bowl-winning Kansas City Chiefs team in 2020. Tanoh Kpassagnon sacks Tom Brady pic.twitter.com/JUjAQvjhFF. — Jason Bramwell (@bramweller) October 23, 2022.

accounting and finance 69

accounting and finance Kansas Finance account 69

TaxConnex

OCTOBER 27, 2022

Candy is taxable in Kansas and South Dakota – but could eventually be exempt as lawmakers move to make groceries free of sales tax including candy. It is also non-taxable in California, Arizona, Nevada, Washington, West Virginia and Wyoming. For eCommerce purposes, it’s non-taxable in the District of Columbia and Ohio.

tax 130

tax Sales South Dakota West Virginia 130

TaxConnex

JANUARY 11, 2022

All shipping incurs sales tax in Kansas, for instance, and ditto (generally) in the District of Columbia. But as most things in sales tax, this isn’t always the case, it depends on the situation and jurisdiction. Special cases. The United States is a galaxy of shipping, handling and delivery rules when it comes to sales tax.

tax 246

tax Sales Rhode Island South Dakota 246

PYMNTS

AUGUST 25, 2019

The 2019 Kansas City Federal Reserve’s annual symposium gathered the top monetary policymakers worldwide to kick around ideas to topple the dollar’s power, Bloomberg reported Sunday (Aug. Each year since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium on an important economic issue facing the U.S.

Kansas 77

Kansas Wyoming Finance Technology 77

TaxConnex

OCTOBER 18, 2022

States like Kansas and Tennessee are among the latest to pass such exemptions. Sales tax complications can often depend on the state of the economy. Relieving the burden of sales tax on groceries, for instance, has become a political tool during inflation.

tax 130

tax Sales Rhode Island South Carolina 130

TaxConnex

SEPTEMBER 17, 2020

In Kansas , online sales helped the city of Manhattan bump sales tax revenue for the first time since the pandemic began. Sales tax is the largest source of funding for the Texas budget, accounting for 59 percent of all tax collections.

tax 244

tax Oklahoma Texas Kansas 244

TaxConnex

APRIL 12, 2022

A Kansas House tax committee has approved legislation that would shrink the overall statewide sales tax on general purchases to 6.3% and nearly halve the state sales tax on groceries, to 3.5%.

tax 246

tax South Dakota Sales North Carolina 246

PYMNTS

MAY 12, 2020

Google and Amazon Web Services are assisting Rhode Island, Kansas, Illinois and New York in processing the unprecedented number of unemployment claims prompted by the coronavirus crisis, The Wall Street Journal (WSJ) reported. Help is on the way for beleaguered states facing a record number of jobless claims.

Rhode Island 75

Rhode Island Kansas Illinois Massachusetts 75

TaxConnex

OCTOBER 25, 2022

Kansas businessman James Morey, 68, of Lawrence, pleaded no contest to two counts of theft related to sales tax. Also in California, insurance giant GEICO has agreed to pay $19.1 million as part of a settlement to resolve allegations it failed to pay sales tax when paying out total loss claims.

tax 130

tax South Dakota Sales South Carolina 130

Going Concern

OCTOBER 12, 2022

And then there are cities like Kansas City, MO, and Atlanta that have salaries projected to be below the national rates: Little Rock, AR: -8%. Kansas City, MO: -6.1%. Minneapolis: 4.5%. Salt Lake City: 4.4%. Richmond, VA: 3.9%. Pittsburgh: 3%. Chicago: 2.5%. Toledo, OH: -5.8%. Columbus, OH: -5.1%. Atlanta: -4.1%. Nashville: -4.1%.

accountant salary 87

accountant salary public accounting account accountant 87

PYMNTS

OCTOBER 29, 2020

17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). During the week ending Oct. The largest increases in initial claims for the week ending Oct.

Rhode Island 83

Rhode Island West Virginia South Carolina North Carolina 83

TaxConnex

JANUARY 27, 2022

Arkansas, Kansas, Pennsylvania, Tennessee, Texas and Florida were the latest states to report sales tax revenue shattering predictions. Globally, more than nine out of 10 internet users have purchased products online. It’s estimated that within 20 years, 95% of all purchases will be through e-commerce. Local jurisdictions from Geneva, N.Y.,

tax 242

tax Sales E-commerce Florida 242