TaxConnex

APRIL 9, 2024

Special, more detailed conditions for sales tax or exemptions on these products apply in California (depending on calorie count and ingredients), the District of Columbia (doublecheck the fineprint definitions), New Mexico, Pennsylvania and (possibly) Virginia.

Sales 227

Sales West Virginia Tax Virginia 227

TaxConnex

MAY 17, 2022

Other states are also changing: New Mexico switched to destination-based sourcing for both in-state and out-of-state sellers almost a year ago. Rather than level anything the Act puts remote sellers at a significant disadvantage to in-state sellers.

New Mexico 176

New Mexico Texas Illinois Colorado 176

TaxConnex

SEPTEMBER 26, 2024

Dates vary – a lot Many states’ certificates have no expiration: Arizona (the seller chooses the period of exemption); Arkansas; Colorado (this can depend on the purpose of the exemption); Georgia; Hawaii; Idaho; Indiana; Maine; Minnesota; Mississippi; Nebraska; New Mexico; New Jersey, New York, North Carolina; North Dakota; Ohio; Oklahoma; South Carolina; (..)

Rhode Island 130

Rhode Island West Virginia South Dakota North Dakota 130

TaxConnex

AUGUST 3, 2021

In New Mexico , most businesses will now pay destination-sourced Gross Receipts Taxes. The state has also updated FYI-206 , describing the gross receipts tax collection responsibilities for online marketplace providers and marketplace sellers without physical presence in New Mexico.

Sales 209

Sales Tax New Mexico Mississippi 209

TaxConnex

JULY 30, 2024

In New Mexico, the federal government exemption doesn’t always apply. Some industries, such as manufacturing and agriculture, have many sales tax exemptions, including for equipment and some supplies. Manage the customers’ certificates you have on file.

South Dakota 219

South Dakota Alaska New Hampshire Montana 219

CPA Practice

JULY 28, 2023

For example, if you ship a rolling pin to 333 Apple Lane, Pie Town, New Mexico, 87827, and if you’re registered for New Mexico sales tax, you’d have to charge the sales tax rate in effect at 333 Apple Lane, Pie Town, New Mexico, 87827. Fun fact, New Mexico sales tax is actually a gross receipts tax.)

Sales 98

Sales Retail Tax New Mexico 98

Withum

MARCH 2, 2021

(..)

New Mexico 40

New Mexico Tax 40

CPA Practice

DECEMBER 7, 2023

The IRS also allowed taxpayers who either had, or adopted, a new child in 2021 to claim cash payments as part of the 2021 Recovery Rebate Credit. It’s unclear what prompted the rumors. The bottom line is this: If you live in California, don’t expect to receive a stimulus check from the government anytime soon.

Montana 118

Montana Idaho New Mexico Illinois 118

TaxConnex

MAY 23, 2023

Almost half the states have stopped sales tax on diapers, but these baby products still, despite frequent efforts at repeal, incur sales tax in Maine, Ohio, Michigan, New Mexico, Nebraska, Washington and Nevada. Take diapers.

South Carolina 130

South Carolina South Dakota Sales Montana 130

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.

payroll 52

payroll Rhode Island West Virginia South Dakota 52

CPA Practice

FEBRUARY 11, 2023

This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

TaxConnex

JULY 15, 2021

New Mexico will require that some businesses convert to destination-based sourcing for reporting gross receipts taxes, effective July 1. Previously, New Mexico was an origin-based sourcing state. This change will also require out-of-state businesses to collect the GRT local option taxes in addition to the state rate.

Sales 141

Sales Tax Louisiana North Carolina 141

TaxConnex

MARCH 1, 2022

Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico. As our economy becomes increasingly service-based, this is seemingly changing as states and other tax jurisdictions realize they’re missing a potentially big tax revenue stream.

South Dakota 191

South Dakota Sales West Virginia Tax 191

TaxConnex

MAY 14, 2024

The platform currently calculates, collects and remits state sales tax on shipments to (in the order in which they began): Washington, Pennsylvania, Oklahoma, Minnesota, Iowa, Connecticut, South Carolina, South Dakota, New Jersey, the District of Columbia, New York, Idaho, Nebraska, Alabama, Arkansas, Kentucky, California, Maine, Massachusetts, North (..)

Sales 228

Sales South Carolina Rhode Island Tax 228

TaxConnex

FEBRUARY 14, 2023

In New Mexico, the method of delivery can dictate the taxability. Dining , either in a restaurant or taking out, is taxable in most states, sometimes at a rate different from the state sales tax. This can depend on details: For example, tax in California depends on the temperature of the food.

Rhode Island 130

Rhode Island Sales North Carolina Tax 130

TaxConnex

OCTOBER 8, 2024

New Jersey Division of Taxation: Straight to the matter with an overview, filing and payments background, forms and info for out-of-state sellers. Taxation and Revenue New Mexico: Full backgrounders in initial results, along with a guide for determining nexus.

Sales 147

Sales Tax Rhode Island West Virginia 147

CPA Practice

SEPTEMBER 9, 2024

Currently: Taxpayers in parts of Arkansas , Iowa , Mississippi , New Mexico , Oklahoma , Texas , and West Virginia have until Nov. Disaster-area taxpayers get an extension Taxpayers who live, work, or have a business in a disaster-area locality automatically qualify for a delayed tax-payment deadline.

West Virginia 95

West Virginia South Dakota South Carolina Tax 95

TaxConnex

JANUARY 17, 2023

Among states with sales tax, shipping generally incurs sales tax in the District of Columbia, Kansas and New Mexico.

Rhode Island 130

Rhode Island West Virginia Sales Alaska 130

TaxConnex

OCTOBER 27, 2022

In New Mexico, candy is non-taxable if it’s sold at a “retail food store” – indicating that nexus may be the deciding factor for eCommerce sellers. Ditto Utah – except if a transaction includes both food/ingredients and other taxable items of tangible personal property. Not merely because’.

Sales 130

Sales West Virginia South Dakota South Carolina 130

CPA Practice

APRIL 5, 2024

The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3% New York $1,658,872 $748,199 45.1%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

TaxConnex

JULY 13, 2023

New Mexico , Aug. Missouri , Aug. 4-6: Clothing or shoes priced at less than $100. The price limit for desktop, laptop, tablets or notebook computers is $1,000; the limit for related computer hardware is $500.

Sales 130

Sales West Virginia South Carolina Tax 130

Going Concern

SEPTEMBER 27, 2023

Candidates sitting for BEC for the first time in the following jurisdictions have until Sunday, October 1 to apply for this section: Alaska Arkansas California Colorado Connecticut Delaware DC Georgia Guam Hawaii Illinois Indiana Iowa Kansas Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Montana Nebraska New Hampshire New Jersey (..)

CPA 120

CPA Rhode Island West Virginia South Dakota 120

CPA Practice

OCTOBER 4, 2024

During the pilot last year, Direct File was available in Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington State and Wyoming. In 2025, more than 30 million taxpayers in those 24 states will be eligible to use Direct File.

Alaska 126

Alaska South Dakota North Carolina tax return 126

TaxConnex

JANUARY 11, 2022

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required). Taxability can also depend on how the bill/invoice is presented.

Sales 181

Sales Rhode Island South Dakota North Dakota 181

CPA Practice

OCTOBER 24, 2023

Whitley Penn currently has eight offices in Texas and one in New Mexico. “We look forward to contributing to Whitley Penn’s goal of continued growth by adding to the firm’s network while strengthening its services and physical footprint.”

Texas 52

Texas cpa firm CPA New Mexico 52

CPA Practice

MAY 29, 2024

New Mexico Average of each institution’s median earnings: $38,417 Average annual cost of school: $14,833 Average graduation rate: 46% Bottom line The Northeast has the highest-earning graduates in the country, while the South and Midwest have the lowest, according to the data.

Rhode Island 111

Rhode Island North Dakota Massachusetts Mississippi 111

CPA Practice

JULY 3, 2024

IRIS July 2024 White Paper Hidden Email Full Name (Required) Number of Employees at Your Firm (Required) Number of Employees at Your Firm Sole Proprietor 2 To 4 5 To 9 10 To 19 20 To 49 50 Or More State / Province (Required) State / Province Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois (..)

payroll 52

payroll Rhode Island West Virginia South Dakota 52

CPA Practice

JULY 5, 2023

The only region to show no growth in employment was the Southwest (Arizona, New Mexico, Oklahoma and Texas), where employment was flat. Top Growth Regions The Small Business Index identifies eight regions throughout the U.S., seven of which saw small business employment growth in the last month.

Agriculture 105

Agriculture Nebraska Iowa Oklahoma 105

TaxConnex

MAY 5, 2022

SaaS for example is subject to sales tax in many states and many services are taxable in states like Hawaii, South Dakota, and New Mexico. Services tend to not be taxable, but this is changing state-by-state almost daily. If your business sells?software software or software-as-a-service?(SaaS),

Sales 168

Sales South Dakota Tax Hawaii 168

CPA Practice

JULY 1, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Custom Field 1 (Required) Custom Field 2 (Required) Custom Field 3 (Required) Consent Policy (Required) By downloading this content, you agree to our Terms and Conditions.

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

TaxConnex

OCTOBER 13, 2020

New Mexico, Hawaii, and South Dakota tax a variety of services. My company only provides services, so what type of sales tax concerns should I have? In most states, the performance of personal and professional services is not a taxable event.

Sales 185

Sales South Dakota Tax Hawaii 185

CPA Practice

SEPTEMBER 20, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million What is the biggest document challenge your firm faces?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

TaxConnex

JULY 8, 2021

New Mexico, however, allows retailers to opt-out of its gross receipts tax holiday. Ohio’s holiday applies to state and local sales tax, and participation is mandatory. Massachusetts also mandates that all businesses, including e-commerce businesses, participate.

Sales 196

Sales South Carolina Tax E-commerce 196

CPA Practice

AUGUST 27, 2024

And some states, including Idaho, Maine, New Mexico, and Rhode Island , don’t use a standardized return and depreciation form. If your business has property in multiple counties in the Lone Star State, keeping track of your property tax bills can get complicated quickly.

Rhode Island 115

Rhode Island Tax Real Estate tax return 115

CPA Practice

AUGUST 26, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million How many clients does your firm serve?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

SEPTEMBER 3, 2024

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?

Rhode Island 52

Rhode Island West Virginia South Dakota North Dakota 52

CPA Practice

AUGUST 3, 2023

Shoppers can visit the New Jersey Division of Taxation’s sales tax holiday FAQ page for more information. Shoppers can visit the New Mexico Taxation and Revenue Department website for more information. Computer hardware must be priced at $500 or less. Individual school supply items must be priced at less than $30.

Sales 96

Sales South Carolina West Virginia Tax 96