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Mississippi Tax Preparers Sentenced to Prison for False Tax Return Conspiracy

CPA Practice

A group of Mississippi tax return preparers were sentenced to prison on February 22, 2024, for charges related to a conspiracy to prepare and file false tax returns for clients in Jackson, Mississippi. Each was also ordered by U.S. District Court Judge Daniel P.

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3 things to remember about economic nexus

TaxConnex

Mississippi: $250,000 sales; no transaction threshold. All 45 states with state-wide sales tax now have economic thresholds set. TaxConnex provides outsourced sales tax services to businesses of all sizes. Get in touch to learn how we can help you stay ahead of sales tax and ensure your business remains compliant!

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What's new in state sales and use taxes

TaxConnex

Mississippi withdrew?a a proposed regulation which sought to expand the state’s sales tax to apply to cloud computing. There may still be changes to Mississippi’s sales tax on software, as the Governor? This definition becomes effective July 1.

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Is Software as a Service Taxable? 

Anders CPA

Laws are always changing, but the following states currently, as of 9/1/22, have laws in place that at least partially tax SaaS. The states that were not listed have laws in place that explicitly do not tax the sale of SaaS or they currently have no specific guidelines issued on the matter. Anders State and Local Tax services.

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

inDinero Accounting

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. Table of Contents What is the QSBS Exemption?

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Remembering Booker T. Washington: Proponent of Black-Owned Business

inDinero Accounting

Although he was against the civil rights activism that was heating up during his life, he funded efforts to fight segregation and Black disenfranchisement in Mississippi. Hampton remains today a prestigious Historically Black College or University (HBCU). Historians are divided on Washington’s intellectual legacy.

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The latest on sales tax on shipping charges (part 2)

TaxConnex

In our previous blog, we looked at how exemptions, the taxability of the item being shipped and selling into tax-free states affect sales tax on shipping. What other factors change your shipping/sales tax obligations and in what states? Confusion over sale tax never ends – and clearly shipping is a required obligation.

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