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.

income tax 52

income tax Montana Idaho New Mexico 52

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.

tax 130

tax South Carolina Sales South Dakota 130

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.

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tax Sales Louisiana New Mexico 219

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.

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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.”

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cpa firm cpa Texas New Mexico 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.

income tax 131

income tax Rhode Island South Carolina tax 131

Withum

MARCH 2, 2021

(..)

New Mexico 40

New Mexico tax 40

ThomsonReuters

JUNE 15, 2022

These legislative highlights have been grouped into two categories: new opportunities for tax relief and new tax obligations. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. New Mexico Rebates and Relief Payments. Delaware Relief Rebate Program.

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tax Rhode Island income tax Delaware 87

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.

tax 130

tax Sales Rhode Island North Carolina 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 (..)

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cpa Rhode Island South Dakota North Dakota 110

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.

tax 130

tax Sales West Virginia South Carolina 130

TaxConnex

JANUARY 17, 2023

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

tax 130

tax Rhode Island Sales North Dakota 130

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.

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tax Sales Rhode Island South Dakota 246

TaxConnex

OCTOBER 3, 2023

New Mexico updated its description of the gross receipts tax collection responsibilities for online marketplace providers and sellers. The updated guidance reflects the new reduced gross receipts tax rate used for out-of-state taxpayers, 4.875%.

tax 147

tax Sales Louisiana Tennessee 147

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),

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tax Sales South Dakota audit 244

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’.

tax 130

tax Sales South Dakota West Virginia 130

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.

quickbooks 105

quickbooks Agriculture Nebraska Oklahoma 105

CPA Practice

OCTOBER 30, 2023

5, 2023 Utica, New York Aug. 17, 2023 West Nyack, New York Jan. 5, 2023 Binghamton, New York Jan. 10, 2023 Missoula, Montana Oct. 2, 2023 Martinsburg, West Virginia Oct. 2, 2023 Monroe, Louisiana Sept. 25, 2023 York, Pennsylvania Sept. 18, 2023 Topeka, Kansas Sept. 28, 2023 Fayetteville, Arkansas Aug. 7, 2023 Rome, Georgia Aug.

West Virginia 111

West Virginia North Carolina Virginia Pennsylvania 111

CPA Practice

NOVEMBER 17, 2023

However, since then, several states, including Minnesota and New Mexico, have enacted expanded child tax credits of their own. The child must have been a U.S. citizen, U.S. national or U.S. resident alien during the tax year. It’s also important to note that the expanded federal child tax credit expired last year.

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tax income tax tax return Washington 116

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.

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tax Sales South Dakota Hawaii 246

TaxConnex

AUGUST 2, 2022

5-6) and Missouri, New Mexico, Ohio, Oklahoma, South Carolina, Texas and Virginia (all Aug. 21-27); and New Jersey (Aug. Eligible purchases are often limited to a dollar amount. What’s on sale? Back-to-school remains the predominant theme of sales tax holidays in many states in August, including Iowa (Aug. 5-8); Illinois (Aug.

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tax Sales West Virginia South Carolina 130

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.

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tax Sales South Carolina E-commerce 246

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.

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tax Sales South Carolina West Virginia 96

TaxConnex

AUGUST 9, 2022

New Mexico , with a condition, has become the first state in years to reduce its state sales tax (aka, the state’s gross receipts tax). Maryland has revised Business Tax Tip #29 to acknowledge exclusion of certain business purchases of digital products. The rate has dropped from 5.125% to 5%.

tax 130

tax Sales Louisiana Iowa 130

PYMNTS

DECEMBER 17, 2020

Other states involved in the lawsuit include Alaska, Arizona, Connecticut, Delaware, Hawaii, Iowa, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Utah, Vermont, (..)

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South Dakota North Dakota Rhode Island West Virginia 101

TaxConnex

AUGUST 15, 2023

Five states follow with 4% rates: Alabama, Georgia, Hawaii, New York and Wyoming. effective July, the most recent statewide rate reduction since New Mexico trimmed its sales tax rate from 5.125% to 5% in July 2022. Effective July 1, New Mexico’s state-level gross receipts tax rate also dropped from 5% to 4.875%.)

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tax Sales income tax Alabama 130

TaxConnex

APRIL 18, 2023

States with the most burdensome tax regime using those criteria are Hawaii, Washington, New Mexico, Nevada and Arkansas while Alaska, Montana, Oregon, Delaware and New Hampshire are the least burdensome. Pandemic effect. The online sales boom of the past three years remains strong but may be slowing.

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tax Sales North Carolina Alaska 130

PYMNTS

OCTOBER 2, 2020

The website is now being piloted with retailers from Montana, Colorado, Texas, New Mexico, Massachusetts and Maryland. "We went from whiteboard to launch in 30 days because we care fiercely about seeing our small businesses survive COVID and thrive after COVID," said SANDIA Marketing and Advertising Founder Bernard Sandoval.

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Montana New Mexico Maryland Colorado 94

PYMNTS

DECEMBER 15, 2020

More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas. The chain currently has 167 retail locations, most of them operating under the Shoe Palace flag. 31, 2019, according to the announcement.

Sports 88

Sports California Arkansas New Jersey 88

PYMNTS

DECEMBER 14, 2020

The expansion includes 10 new states: Georgia, Hawaii, Nevada, New Mexico, Ohio, Oregon, Maryland, West Virginia, Delaware and Rhode Island, according to the release. Meanwhile, Coinme , crypto exchange, and Coinstar have announced in a press release that their number of bitcoin-enabled kiosks nationwide in the U.S.

Rhode Island 74

Rhode Island West Virginia Hawaii New Mexico 74

PYMNTS

NOVEMBER 11, 2020

10) the NRF filed a request under the New Mexico Inspection of Public Records Act to release information related to new restrictions placed on retailers and eateries, as the state experiences a spike in COVID-19 cases. This time around the argument has drawn the attention of the National Retail Federation ( NRF ), which is U.S.-based

Retail 56

Retail New Mexico Government 56

Anders CPA

SEPTEMBER 28, 2022

Arizona Connecticut District of Columbia Hawaii Iowa Louisiana (1/1/2023) Massachusetts Maryland Minnesota Mississippi New Mexico New York Ohio Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Washington West Virginia.

Rhode Island 52

Rhode Island South Dakota West Virginia South Carolina 52

PYMNTS

NOVEMBER 12, 2020

24 were in Hawaii (9.9), California (8.9), New Mexico (8.5), Nevada (8.2), the Virgin Islands (7.1), Massachusetts (7.0), Puerto Rico (6.9), Georgia (6.8), District of Columbia (6.5) The highest insured unemployment rates in the week ending Oct. and Alaska (6.1). The largest increases in initial claims for the week ending Oct.

Georgia 59

Georgia Massachusetts Alaska New Jersey 59

CPA Practice

APRIL 12, 2023

State-by-state estimates of individuals who may be due 2019 income tax refunds State or District Estimated Number of Individuals Median Potential Refund Total Potential Refunds * Alabama 23,900 $880 $23,694,700 Alaska 6,000 $917 $6,542,300 Arizona 35,400 $824 $33,911,500 Arkansas 12,800 $864 $12,586,100 California 144,700 $856 $141,780,000 Colorado (..)

tax 122

tax tax return income tax Rhode Island 122

Withum

SEPTEMBER 16, 2022

For example, New Mexico drafted and instituted a statewide uniform state and local sales tax rate for out-of-state sellers. Sales tax compliance can be very complex as each state has its own tax rates and laws indicating which products and services are taxable or exempt.

tax 80

tax Retail Sales South Dakota 80

ThomsonReuters

JANUARY 30, 2023

New Hampshire. New Mexico. New Hampshire. New Mexico. Currently, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Massachusetts, Maryland, Maine, New Jersey, New Mexico, New York, Oregon, Virginia, and Vermont offer such plans along with a few localities.

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payroll Hawaii West Virginia Oklahoma 90

PYMNTS

MAY 28, 2020

As of this week, customers with SNAP in the states of Colorado, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Vermont, Virginia, West Virginia, and Wisconsin can now use their cards to buy groceries from the website’s services and have them delivered to the customers’ doors.

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West Virginia Virginia Vermont New Jersey 53