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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

TikTok: As a marketplace facilitator, TikTok may be congressionally embattled but is legally required to calculate, charge and collect applicable sales taxes on all sales made through its retail arm, TikTok Shop, which enables product discovery, checkout and post-payment activities from within the TikTok app.

Sales 215
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The Benefits of Delayed Business Filings

CPA Practice

A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity. In a delayed filing, the business controls when the company officially becomes a legal entity. Let’s look at both options.

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Client That Fired Marcum Over Audit Quality Compares the Firm to a Doctor Killing 25-50% of His Patients

Going Concern

Concerns over the reputation and legal troubles surrounding the audit firm Marcum LLP have led members of the Chariho School Committee to terminate its contract, moving in a different direction for the first time in 18 years. It may be called The Westerly Sun but this paper is throwing nothing but shade at Marcum.

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FTC Files Case Against RI Firm Allegedly Posing As SBA Lender; Company Claims Error

PYMNTS

A Rhode Island company is facing allegations of falsely claiming to be an authorized lender for the Small Business Association’s (SBA) Paycheck Protection Program (PPP). District Court for the District of Rhode Island, alleged that the company, also doing business as SBA Loan Program and SBA Loan Program.com, and its owner John C.

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Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill

PYMNTS

The problem is that cannabis companies in states where the plant is legal are ‘essential workers’ during the pandemic, able to operate even despite the widespread lockdowns. The letter went on to say that cannabis companies legally employ over 240,000 people across the country in the 33 states where it is legal in some form, contributing $1.9

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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. . Each country decides what kind of online gambling is legal, with some allowing everything from online casinos and sports betting to lotteries and fantasy sports.

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A Certain Big 4 Firm Gets Another Chance to Screw Up a State’s Unemployment Benefits System

Going Concern

The judge said the plaintiffs — who sought damages and raised several arguments, including that the Florida Department of Economic Opportunity and Deloitte were negligent and breached a fiduciary duty — couldn ’t overcome legal hurdles to pursue the case against the FDEO and Deloitte. Rhode Island Is Still Holding a Grudge Against Deloitte.