CPA Practice

JUNE 30, 2025

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. 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.

Technology 104

Technology Rhode Island West Virginia South Dakota 104

Accounting Today

JUNE 12, 2025

By Jeff Stimpson 3h ago Tax IRS extends deadline on crypto broker reporting and withholding The Treasury Department and the IRS are giving brokers additional time to comply with requirements to report on digital asset sales and withhold taxes. and one of its partners, Kristofer Heaton, for failing to properly document five audits.

Tax 85

Tax tax preparation audit Technology 85

Accounting Today

JUNE 6, 2025

MISSOURI Tony Spratte was named the next managing partner of the St. NEW YORK Ernst & Young, New York, launched a new practice, EY Studio+, designed to deliver customer experience, product and service innovation, and marketing, sales and service transformation for clients.

New Jersey 52

New Jersey Technology Connecticut North Carolina 52

Accounting Today

JUNE 19, 2025

Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. Between 2002 and 2018, he generated millions of dollars in gross receipts sales. and to wire fraud. Whitman also has not filed an individual income tax return since 1997 and has made no tax payments since 2000.

Tax 69

Tax tax preparation Technology Real Estate 69

ThomsonReuters

JUNE 27, 2025

However, it does not change the criteria for exemptions themselves, such as those for outside sales employees. Webb, which classified over 600 inside sales representatives as exempt from overtime. Administrative exemption test left unchanged. IRS changes and challenges New leadership.

payroll 59

payroll Legal income tax Wisconsin 59

Going Concern

OCTOBER 25, 2024

State audit shows Butler County residents overtaxed by nearly $223,000 over 3-year-period [ KFVS (Missouri)] An audit by Missouri Auditor Scott Fitzpatrick finds Butler County residents were overtaxed by approximately $222,770 over a three-year period.

accounting and finance 59

accounting and finance audit Florida New York 59

Accounting Today

JUNE 13, 2025

MISSOURI Zane Kvasnicka Zane Kvasnicka was hired as a business valuation specialist in the management consulting practice at KPM CPAs & Advisors. Read the full story.) By Michael Cohn June 12 Like what you see?

Technology 45

Technology cpas New York Indiana 45

Accounting Today

JUNE 10, 2025

Making choices Taxable Talk ( [link] ): Just send that return for all to see: Missouri has joined New Jersey in the bloggers hall of shame for encouraging identity theft. The Sales Tax People ( [link] ): Why isnt sales tax just included in the purchase price of items? Taxnotes ( [link] ): Guest blogger Sherrill L.

tax preparation 52

tax preparation West Virginia Technology Virginia 52

Going Concern

MAY 23, 2025

This contradicts the sales pitch and marketing efforts that are being constantly being pitched to finance leaders. CPA.com and Bills 2025 Growth and Technology Survey found that 97% of the accounting firms of the 400 accounting firm leaders and practitioners they surveyed said their firms are not using technology efficiently.

Technology 86

Technology accounting and finance accounting firms Tax 86

CPA Practice

JULY 24, 2025

Louis and Scott counties in Missouri after an EF3 tornado caused widespread destruction on May 16. OBannon Taxes July 23, 2025  IRS Gives Tax Filing Relief to Those Impacted by May St. Louis Tornado The IRS recently announced tax relief for individuals and businesses located in the city of St. Louis and St.

Technology 94

Technology income tax payroll payroll tax 94

Going Concern

DECEMBER 16, 2024

A mid-market firm in UK is looking for a buyer : The mid-market accountancy firm Dains has joined the stampede of professional services firms putting themselves up for sale, in a process that its private equity backers are hoping will fetch 250 million. University of Missouri St. Oh wait, what’s this?

Rhode Island 98

Rhode Island accountant accounted Account 98

CPA Practice

JUNE 23, 2025

Jason Bramwell Former Missouri congressman Billy Long was sworn in as the 51st commissioner in the history of the IRS on June 16, saying transforming the culture at the tax agency is at the top of his to-do list. Related article: IRS Chief Danny Werfel to Resign on Jan. He was criticized over his ties to White River Energy Corp.,

Missouri 93

Missouri Mississippi Technology payroll 93

CPA Practice

JULY 24, 2025

Before adjusting for seasonal factors, initial claims plummeted by more than 45,000, led by big states like New York and California, as well as in Michigan, Missouri and Ohio—which are home to car factories. With assistance from Chris Middleton.

Technology 52

Technology payroll payroll tax accounting and finance 52

CPA Practice

OCTOBER 22, 2024

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. 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.

payroll 52

payroll Rhode Island West Virginia South Dakota 52

TaxConnex

JULY 6, 2021

Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. Missouri Gov. Mike Parson has signed SB153 (combined with SB97) into law, allowing Missouri and local jurisdictions to collect use tax and, proponents say, help protect local brick-and-mortar businesses.?. South Dakota v.

Missouri 246

Missouri South Dakota E-commerce Florida 246

TaxConnex

JUNE 24, 2021

A bill to enact economic nexus requirements – creating a sales and use tax obligation on remote sellers and marketplace facilitators – awaits only a signature to become law in Missouri. Missouri lawmakers delivered the passed version of S.B. your sales tax obligations?and you should be collecting sales tax –?

Missouri 214

Missouri Florida Sales Tax 214

TaxConnex

NOVEMBER 3, 2020

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. Sales tax accounted for the largest decline, falling $918 million, or 23 percent. billion (3.5

Sales 246

Sales Wisconsin Tax Vermont 246

TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. Missouri lawmakers considered a remote sellers ’ ? And 2021 is off to a n especially busy start.

Sales 247

Sales Tax Missouri Wisconsin 247

TaxConnex

MARCH 15, 2022

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates, with a special focus this month on how more states and jurisdictions look to roll back sales tax. Lawmakers often cite inflation as a key factor in reducing sales tax. The opposite direction.

Sales 246

Sales South Dakota Tax Missouri 246

TaxConnex

MAY 7, 2024

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores. Leveling the field.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264

TaxConnex

FEBRUARY 9, 2021

If you sell into the handful of states that don’t have nexus or don’t have a general sales tax, you might think you’re home free when it comes to obligations to remit sales tax. Forty-five states and the District of Columbia have a statewide sales tax. No sales tax but…. Maybe, and maybe not.

Sales 221

Sales Delaware Alaska Montana 221

TaxConnex

DECEMBER 30, 2021

Sales tax in 2021, though, seemed to move in only one direction: It intensified as even more states hopped on the economic nexus bandwagon and the sales tax burden for online businesses grew. Here’s a look back at some of 2021’s biggest developments in sales tax. Other states intensified their sales tax moves.

Sales 246

Sales Tax Maryland West Virginia 246

TaxConnex

DECEMBER 5, 2023

Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell them over the internet – have also raised the question of whether memberships incur sales tax. Health and fitness club In some states membership in one of these creates a sales tax obligation; in others it doesn’t.

South Carolina 264

South Carolina Sales Tax West Virginia 264

TaxConnex

FEBRUARY 8, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax revenues and their local portions are reported up from Auburn, N.Y., Many other states are finding more late-2021 sales tax revenue to funnel toward local governments. billion in sales taxes for December, $101.9 to Mukilteo, Wash.,

Sales 245

Sales Tennessee Tax Massachusetts 245

TaxConnex

SEPTEMBER 5, 2024

Ecommerce couldn’t exist without shipping (and probably not without shipping’s partner “handling,” either), but do either incur sales tax? As is often the case in sales tax, it depends on what, how and where. Beyond our previous overviews of S&H and sales tax, here’s a look at the latest developments.

Sales 264

Sales Tax Transportation Kansas 264

TaxConnex

FEBRUARY 15, 2024

There’s always something changing in the world of tax, especially sales tax. B&O responsibility: A Washington State appellate court has found two sellers responsible for sales tax and business and occupation (B&O) tax on sales made through Amazon’s Fulfillment by Amazon (FBA) program. No refund, stat!:

Sales 263

Sales Tax Illinois Washington 263

TaxConnex

SEPTEMBER 26, 2023

These thresholds vary state to state and change often, with Missouri being one of the latest to enact economic nexus. We generally recommend that companies start watching their nexus requirements when they hit the $100,000 in sales in a state. They also take the burden of sales tax obligation off the seller. Taxability.

Sales 264

Sales Tax South Dakota Colorado 264

TaxConnex

JUNE 8, 2021

There’s always something changing in the world of tax, especially sales tax. Biggest news: Missouri will likely soon join fellow holdout Florida in establishing economic nexus requirements. They were the last two states with a sales tax to set up such requirements.). The Missouri Legislature has passed?

Sales 223

Sales Tax Arkansas South Carolina 223

TaxConnex

JULY 8, 2021

Many states use sales tax holidays to waive or reduce sales tax on various items. Location, location, location is the rule when it comes to sales tax holidays. The holidays may only cover state sales tax but not local sales taxes, as in South Carolina (which, like other states, has no price cap on eligible items).

Sales 246

Sales South Carolina E-commerce Tax 246

TaxConnex

JANUARY 11, 2022

It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. Many states say that when the contents of a shipment are taxable, so is the shipping cost; similarly, when items in a shipment are exempt from sales tax, so is the cost of shipping.

Sales 246

Sales Rhode Island South Dakota North Dakota 246

TaxConnex

AUGUST 26, 2021

Cross-border e-commerce sales worldwide grew more than 20% in 2020. According to the National Retail Federation, non-store and online sales are expected to grow 18% to 23% this year over 2020. Online stores with a social media presence have an average of 32% more sales than those that don’t. trillion in 2020.

E-commerce 246

E-commerce Sales Tax Missouri 246

TaxConnex

MARCH 10, 2022

But what exactly is economic nexus – and, more importantly, have you kept up with its constant changes in the sales tax realm? Sales tax nexus is the connection your business has with a state or local taxing jurisdiction. that had a state-wide sales tax had enacted economic nexus. There’s obviously a lot to learn.

South Dakota 262

South Dakota Sales Tax Maryland 262

TaxConnex

JANUARY 3, 2023

Next summer will mark five years since the Supreme Court ignited economic sales tax nexus with the South Dakota v. Many businesses are still trying to figure out how to manage the resulting obligations, but one thing’s clear: Now every state with a sales tax has economic nexus. Missouri becomes the last such state on Jan.

South Dakota 247

South Dakota Sales Alaska Tax 247

TaxConnex

MARCH 17, 2022

Economic nexus is now pretty much the law of the land for all states with a statewide sales tax. States – and their cities and towns that receive portions of their sales tax revenue – have scored big. Midland County, Texas bettered its first-quarter sales tax haul by two-thirds year over year. Numbers are up. Pennsylvania ?hauled

Sales 244

Sales E-commerce Kansas West Virginia 244

TaxConnex

MAY 4, 2021

But don’t forget that success that comes from selling into more states can also expand your sales tax burdens. Businesses that sell into multiple states or jurisdictions have to pay attention to sales tax thresholds, and it’s not a one-time project. Ways of creating a sales tax obligation. to collect sales tax because?they’ve?reached

Sales 246

Sales Tax South Dakota E-commerce 246

TaxConnex

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Due to all of the above, it’s hard to fill any position at this point, but a job with specific skills, especially with experience managing sales and use tax, can be downright impossible. Nearly 8% growth was expected in 2021.

Sales 242

Sales E-commerce Tax Florida 242

TaxConnex

MAY 27, 2021

Taking advantage of sales and use tax exemptions can save your business money and headaches. In general, exemptions are statutory exceptions eliminating the need for the retailer or business to collect sales tax on a particular transaction or on all transactions with a customer. Necessary paperwork for sales tax exemptions.

Sales 243

Sales Tax Connecticut Idaho 243