Oklahoma State Tax Updates

Withum

Blogs

Oklahoma Accused Of Seeking Illegal Bank Account Access

PYMNTS

The Oklahoma Department of Public Safety (DPS) is coming under fire for its alleged request for illegal access to consumer bank accounts. The ACLU of Oklahoma confirmed there are state records proving that the request for the capability was made to manufacturer ERAD Group. ” Security & Fraud aclu Oklahoma What's Hot

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Oklahoma State Tax Updates

Withum

For the latest news and updates on Oklahoma state and local tax. Oklahoma Tax Commission Determines Taxpayer’s Prosthetic Device Sales Were Exempt from Sales Tax. An Oklahoma Tax Commission Letter Ruling (Okla. Oklahoma Income Tax Return Now Due July 15.

Bitcoin Daily: OK Bill Would Create Blockchain Body; Central Asia Steps Up Crypto Mining; Crypto, RBI Case Back In Court

PYMNTS

Oklahoma is committing to partner with innovative technology, help develop next-generation financial products, and safely grow unique technical and financial sectors in this state,” the bill said. .

Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma.

Sales 147

Sales Tax and Vitamins/Dietary Supplements

TaxConnex

Labels can also have “drug facts” that would likely trigger tax as a prescription or nonprescription drug (this could exempt the vitamins and supplements from state sales tax in some states like Alabama, Connecticut and Kansas and, in some cases, Oklahoma).

Sales 183

State Legislative Update: Tax Relief Opportunities and New Tax Obligations Enacted in 2022

ThomsonReuters

New Sales Tax Obligations in Rhode Island and Oklahoma. Oklahoma Marketplace Facilitator Expansion. Product” means tangible personal property, services, or other transactions taxable under the Oklahoma sales tax code.

Seeing green: States learn the importance of sales tax

TaxConnex

It would be nice to continue at this pace indefinitely,” Muninger told Oklahoma news outlets, “but we know that’s not possible.”. Economic nexus is now pretty much the law of the land for all states with a statewide sales tax. But what has been the impact on states?

Sales 162

Sales Tax on Shipping: When Does it Apply?

TaxConnex

Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming.

Sales 171

Monthly State Sales and Use Tax Update

TaxConnex

Oklahoma’s sales and use tax rule change on multi-level sales now details that if the products are not sold from the multi-level vendor in their original form and packaging to the distributor, the distributor is required to collect tax on the sales price of the final product sold to the consumer.

Sales 170

State Benefiting from Economic Nexus During the Pandemic

TaxConnex

In Oklahoma , “a small increase” online sales helped partially offset a 4.6% States are still reeling in sales tax deficits brought on by the economic downturn during the pandemic, but the addition of economic nexus has appeared to have somewhat alleviated the deficits.

Preparing Your Business for Sales Tax Holidays

TaxConnex

But holidays cover both state and local taxes in Oklahoma, Virginia, Texas, and other states. Many states use sales tax holidays to waive or reduce sales tax on various items. These holidays can be annual or even two or more times a year.

Sales 183

Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero

Currently, Alabama, Arkansas, Delaware, Georgia, Illinois, Louisiana, Missouri, New York, North Carolina, and Oklahoma have a franchise tax. Incorporation is a critical legal matter that impacts more than your company’s tax responsibilities for doing business.

Walmart, Instacart Partner On Same-Day Delivery To Battle Amazon’s Whole Foods

PYMNTS

The service is being tested in four California and Oklahoma markets and solidifies the San Francisco-based grocery delivery and pickup service in the U.S. Walmart Inc. and Instacart have teamed up to offer same-day delivery in select U.S.

Team With No Accounting Majors Takes On Another Team With No Accounting Majors For Men’s College Basketball Supremacy

Going Concern

Manek was a four-year starter at the University of Oklahoma and graduated with a degree in business administration/management. Tonight at the Caesars Superdome in New Orleans, the eighth-seeded North Carolina Tar Heels will be taking on the No.

Salaries

RitaKeller

Yesterday, I read a post by goingconcern addressing CPA salaries in eight cities: Baltimore, Cincinnati, Detroit, Indianapolis, Louisville, Milwaukee, Oklahoma City, and St Louis. “These men ask for just the same thing, fairness, and fairness only. This, so far as in my power, they, and all others, shall have.” ” – Abraham Lincoln. I always get questions about salaries for the CPA profession.

Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

Modal, Honda Collaborate On Financing For eCommerce Platform

PYMNTS

It's designed with the buyer in mind," said Luke Moore, digital experience manager at Bob Moore Automotive Group, the largest automotive group in Oklahoma. The surge in automotive online purchasing traffic sparked by the pandemic has led to increased demand for eCommerce.

Instacart-Walmart Delivery Pact Heats Up Online Grocery Wars

PYMNTS

11), reported by CNBC , that retail behemoth Walmart has struck a partnership with Instacart to offer same-day deliver across a few, select markets in the United States, focused on four initial pilots in Oklahoma and California.

Another 1.3M Americans Filed Jobless Claims Last Week; Total Now Stands At 49+M

PYMNTS

The largest decreases were seen in Oklahoma (40,208), Florida (11,313), Maryland (9,926), Georgia (8,240) and California (7,132). The U.S.

US Jobless Claims Down, But Still Above 1.5M 

PYMNTS

Unemployment claims fell slightly to 1.5 million last week, the 11th consecutive week the jobless numbers have declined, but higher than economists expected, according to new data from the U.S. Department of Labor released Thursday (June 18).

Another 1.5M Americans File For Unemployment, But Durable Goods Orders Rebound

PYMNTS

The nation’s economic numbers were a mixed bag Thursday (June 25) with a higher-than-expected 1.5 million Americans filing jobless claims while durable goods orders rose by nearly 16 percent in May.

Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). The previous week's revised level was upped 4,000 from 787,000 to 791,000. The seasonally adjusted insured unemployment rate dropped 0.5 percent from the previous week's revised rate to 5.3 percent for the week ending Oct. The previous week's rate was revised from 5.8

Instacart To Offer Same-Day Delivery Of Sephora Products

PYMNTS

focused on four initial pilots in Oklahoma and California. As customer demand increases, Instacart , the San Francisco-based grocery delivery service, announced on Thursday (Sept. 24) a partnership with Sephora to offer same-day delivery from most of its stores. The Paris-headquartered retail chain of personal care and beauty stores has more than 400 shops across North America that feature nearly 3,000 brands, along with its own private label.

Gold’s Gym Files For Chapter 11 Bankruptcy

PYMNTS

including Texas, Oklahoma, St. Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company statement.

Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

Locations in California, Alabama, Idaho, Georgia, Oklahoma, Nevada and Louisiana are set to shutter on Thursday, while shops in Mississippi, Texas, Florida and Utah were shuttered as of Wednesday (July 1).

Verizon Plans Rollout Of 5G In 30 U.S. Cities In 2019

PYMNTS

As for AT&T, it reportedly launched 5G service in these cities: Houston, Texas; Dallas, Texas; Atlanta, Texas; Waco, Texas; Charlotte, North Carolina; Raleigh, North Carolina; Oklahoma City, Oklahoma; Jacksonville, Florida; Louisville, Kentucky; New Orleans, Louisiana; Indianapolis, Indiana and San Antonio, Texas. Verizon will be bringing its 5G technology to 30 U.S. cities by the end of the year, according to reports.

California Goes Back Under Lockdown

PYMNTS

Cases in Alabama, Alaska, Arkansas, Georgia, Hawaii, Idaho, Louisiana, Montana, Nevada, Oklahoma, South Carolina, Tennessee and West Virginia surged by more than 20 percent in the past week, according to Johns Hopkins. . The number of coronavirus cases in the U.S. surpassed 3.3

US Home Sales Hit Highest January Peak In Years

PYMNTS

The company, now available in 22 markets, now covers most of Southern California, and there are plans to expand to Cincinnati, Ohio; Jacksonville, Florida; Oklahoma City and Tucson, Arizona. .

Shopping Comes To Apple TV

PYMNTS

The service, which debuted at SXSW Interactive on Saturday (March 12), highlights the omnicommerce functionality of selling on a large-screen format through partnerships with two NBA teams — Kevin Durant’s Oklahoma City Thunder and Stephen Curry’s league-leading Golden State Warriors. Customers have become more a than a little familiar with shopping on their computers or any manner of mobile device.

Apple Lets College Students Store IDs On Apple Devices

PYMNTS

According to a report in CNBC , students at Duke University, University of Alabama and University of Oklahoma can store their student IDs on their iPhone or Apple Wallet. Apple has inked a deal with three universities in the U.S., enabling students to store their student IDs on their Apple devices. Apple initially announced the service in June at its annual developer conference.

Kohl’s To Reopen Stores In 10 Additional States

PYMNTS

The retailer had opened stores again on Monday (May 4) in South Carolina, Utah, Oklahoma and Arkansas. “We After opening retail locations in four states, Kohl’s said it intends to open stores in 10 more states on Monday (May 11) as it follows a phased approach to retail reopening.

PSCU Study Shows Overall Spending Down Amid Coronavirus Pandemic

PYMNTS

In the eight states with no shelter-at-home orders – North Dakota, South Dakota, Nebraska, Iowa, Arkansas, Oklahoma, Wyoming and Utah – spending was still down, but by less.

Payments Processor nCourt Left Years Of Data Exposed

PYMNTS

Payments processor nCourt , used by Arkansas and Oklahoma to collect court and utility fees, has apparently left years of user data unsecured, according to a report by TechCrunch.

1.8M Americans File Unemployment Claims As Pandemic’s Total Tops 42M

PYMNTS

The largest increases in claims for the week ending May 23 were in Maine (11,941), Oklahoma (10,274), Michigan (7,859), Kentucky (6,417) and Oregon (4,913). Nearly 1.9

Farmers Step Up Deliveries In Rural America

PYMNTS

In Oklahoma, Carrie and Joe Chlebanowski, a married farming couple, are making up for the closure of their local farmers market by making porch deliveries of food they grow themselves.

Ollie And Fresh Food Delivery For – Yes – Dogs

PYMNTS

Because Ollie’s food is packaged fresh and doesn’t use preservatives, the firm doesn’t just specialize in making dog foods, it also specializes in running cold-chain, or temperature-controlled operations out of its three distribution centers in Oklahoma City, Oklahoma; Reno, Oklahoma; and Wilkes-Barre, Pennsylvania. If spending is any gauge of affection, it is safe to conclude that Americans truly love their pets.

Job Losses Mount As New Unemployment Claims Hit Nearly 3M

PYMNTS

The largest increases in initial claims for the week ending May 2 were in Oklahoma (+41,385), Maryland (+25,318), New Jersey (+16,360), Maine (+8,452) and Puerto Rico (+4,600).

Internal Memo: Simon To Reopen 49 Malls In May

PYMNTS

The properties in Texas, Indiana, Alaska, Missouri, Georgia, Mississippi, Oklahoma, South Carolina, Arkansas and Tennessee will not be limited to curbside-pickup reopening like the ones happening in Texas, the report said.

AT&T Jumps On The 5G Bandwagon

PYMNTS

Oklahoma City, New Orleans, Raleigh, N.C., AT&T has announced that it will be offering a 5G smartphone from Samsung in the first half of 2019. “5G 5G is going to be about more than just a network. Customers will eventually be able to connect in near real-time to unforeseen possibilities,” David Christopher, president of AT&T Mobility and Entertainment, said in a press release. Together with Samsung, we plan to bring the best in technology and innovation to our customers.

Zillow Wagers On iBuying With Shift To ‘Zillow 2.0’

PYMNTS

Zillow was reportedly planning expansions this year to Jacksonville, Florida; Tucson, Arizona; Cincinnati, Ohio; and Oklahoma City.

Home Sales Hit Highest January Peak In Years

PYMNTS

The company, now available in 22 markets, now covers most of Southern California, and there are plans to expand to Cincinnati, Ohio; Jacksonville, Florida; Oklahoma City and Tucson, Arizona. .

Sphere Teams With RMS For Automated Healthcare Payments

PYMNTS

Payments and security software provider Sphere announced that it is teaming up with Oklahoma-based Revenue Management Solutions (RMS), a healthcare remittance automation platform, to offer a comprehensive healthcare payment platform. While RMS can automate remittance management and scales to fit the needs of any healthcare provider, regardless of size, the Sphere payment platform offers secure, compliant and scalable payment acceptance functionality.