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Mississippi, Texas storm victims get tax relief

Accounting Today

EDT 3 Min Read Facebook Twitter LinkedIn Email Brad Vest/Photographer: Brad Vest/Getty Im Individuals and businesses in parts of Mississippi and Texas who were affected by severe weather that began in March now have until Nov. 3 to file various federal individual and business returns and make tax payments.

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Friday Footnotes: PwC Scandal Somehow Gets More Scandalous; Deloitte Denied in Court; Withum Embiggens in Florida | 11.8.24

Going Concern

Academia Deloitte Foundation Honors a Legacy in Accounting [ The Local Voice (Mississippi)] To honor the life and 40-year career of the late Guy Moore, of Pascagoula, the Deloitte Foundation has renamed an endowment it established in 2022 with a $1.5 million gift to the Patterson School of Accountancy at the University of Mississippi.

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Sales tax and streaming services

TaxConnex

Digital products” are generally taxable in Alabama, Connecticut, Idaho, Iowa, Kentucky, Louisiana, Minnesota, Mississippi, Nebraska, North Carolina, Ohio, Utah, Vermont, Wisconsin and Wyoming.

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Sales tax holidays for the rest of the year

TaxConnex

Mississippi and Louisiana might also have a back-to-school holiday this year, though neither state has yet scheduled one.) 31; Mississippi (hunting firearms and ammunition and some accessories) Aug. 2-3; Florida (clothing to $100, general supplies up to $50, computers up to $1,500) Aug. 1-31; Texas (costing up to $100), Aug.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

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Clothing taxation – and major exemptions

TaxConnex

For instance, in Florida (an especially holiday-happy state), Iowa, Texas, Mississippi, Missouri, Oklahoma, Alabama, Connecticut and New Mexico (in 2024) and Tennessee, only clothing costing less than $100 is tax-free. Often, back-to-school clothing sales tax holidays are pegged to prices.

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Groceries vs. restaurant food: Digging into the sales tax differences

TaxConnex

States that still tax groceries at either full or reduced rates include Alabama, Arkansas, Hawaii, Idaho, Illinois, Kansas, Mississippi, Missouri, South Dakota, Tennessee and Utah.

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