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Sales tax and the Navajo Nation

TaxConnex

Others have their distinct sales tax but blend tax law with areas around them: The Cherokee Nation, for instance, has a sales tax on any business enterprise which is located on tribal lands but exempts sales to Oklahoma public schools.

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Marketplace facilitators, holiday sales and tricky nexus

TaxConnex

States with an economic nexus threshold that exclude gross sales from nexus have lately included Alabama, Arkansas, Colorado, Minnesota and Oklahoma.) Most states determine their threshold numbers by gross taxable sales. Inventory stored in a state has created debate over whether it constitutes physical nexus.

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Clothing taxation – and major exemptions

TaxConnex

For instance, in Florida (an especially holiday-happy state), Iowa, Texas, Mississippi, Missouri, Oklahoma, Alabama, Connecticut and New Mexico (in 2024) and Tennessee, only clothing costing less than $100 is tax-free. Often, back-to-school clothing sales tax holidays are pegged to prices.

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Monday Morning Accounting News Brief: It’s Not Just You, People Really Are Getting Dumber; EY Partners Getting the Axe | 3.17.25

Going Concern

Earlier: KPMG to Merge With KPMG, KPMG, KPMG, KPMG, KPMG, KPMG… Oklahoma State University has a new CFO after some stuff happened with the last one. Chris Kuwitzky, CFO at the University of Oklahoma for more than 30 years until 2018, has been named finance chief of OSU. His tenure at OSU will begin on March 17.

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Special Report: 2025 Readers’ Choice Awards

CPA Practice

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.

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IRS Extends Tax Deadlines for Victims of Oklahoma Wildfires

CPA Practice

Those impacted by the wildfires that destroyed at least 530 homes and businesses in parts of Oklahoma last March will now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.

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In the blogs: Answer unclear; ask again later

Accounting Today

Tax Foundation ( [link] ): Oklahoma continues to pursue pro-growth tax reform, pursuing a variety of reforms to the corporate and individual income tax. Bob Ferguson recently signed legislation enacting significant tax hikes to both the states business & occupation and its sales & use taxes. What happens if the IRS doesnt?