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Sales and Use Tax Updates from March

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it. 10 to report use tax.

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

TaxConnex

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. Alaska, one of the few states still without a statewide sale tax, is considering one as it tries to close a projected revenue shortfall of $450 million heading into the next fiscal year.

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Promotion Watch ’23: The Baker Tilly Partner Bench Is Now 44 People Deeper

Going Concern

Barber, CPA Tax – Commercial (Iselin, New Jersey) Jason M. Carter, JD TaxManufacturing and Distribution (Chicago, Illinois) Lindsay N. Damone , JD Tax – Transfer Pricing (Philadelphia, Pennsylvania) Bishesh Devkota , Consulting – Baker Tilly Digital (Washington, D.C.) Maguire, JD, CPA Tax (Tampa, Florida) Shabinaaz F.

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How Small Retailers Can Handle Sales Tax on Shipping: State-by-State Guide

CPA Practice

If you’re part of that rising tide, you need to know how to tax shipping and delivery charges. Charges for a company to deliver goods in its own vehicle are often taxed differently than charges for delivery by common carrier or private carrier. or “Is there sales tax on U.S. What follows are general guidelines, not tax advice.

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QSBS Exemption Explained: What Investors and C-Corp Executives Should Know

inDinero Accounting

The Qualified Small Business Exemption (QSBS exemption) can shield up to $10 million, and sometimes more, of stock appreciation from capital gains tax. The rules are complex but worth understanding; there are substantial tax savings to be had by claiming this rare exemption. Table of Contents What is the QSBS Exemption?

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Midwest and Mountain West Saw Biggest Income Gains Over Last 4 Years

CPA Practice

Bureau of Economic Analysis figures compiled for Stateline by the Urban-Brookings Tax Policy Center in Washington, D.C. And competition for scarce service and manufacturing workers has forced employers to pay more. In Connecticut, personal income tax revenue took a $1.3 Ned Lamont signed a tax cut bill in June.