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

TaxConnex

Voters will likely be asked this fall if they’re willing to increase the city’s 5% sales tax to 6% during the summer in exchange for exempting food from sales tax year-round. Proponents say California taxes both the production equipment and the product at some of the highest rates in the country. Time for a renovation?

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Professionals on the Move – May 2024

CPA Practice

Since joining the firm in 2001, Patch has provided audit, review, and attestation services to clients in numerous industries, with a particular emphasis in manufacturing and distribution. He serves as the partner-in-charge of the firm’s Manufacturing & Distribution Services Group. He received his L.L.M.

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

A personal property rendition is a report that lists all business assets (personal property) that are subject to personal property tax, which is typically all tangible personal property unless a specific exemption applies. These 12 states generate property tax revenue from real estate taxes instead.