TaxConnex

JANUARY 11, 2022

In Florida, the purchaser must also have the option of picking the item up or arranging for third-party transportation services on its own. When shipping to a retailer, sales tax is incurred in Idaho no matter where “shipping” appears on an invoice.

Sales 180

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MyIRSRelief

APRIL 22, 2024

Why Focus on Tax Services in the Inland Empire, California? Tailored tax services in this region help businesses and individuals navigate complex tax landscapes effectively. Advantages of Local Tax Services: Local Expertise: Understanding of specific state and local tax laws.

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TaxConnex

JUNE 9, 2022

“Sales taxes have become less neutral, less equitable, and less economically efficient over time,” the Foundation said. Colorado will no longer require remote sellers, “retailers without physical presence or with only incidental physical presence,” to have local licenses in the state’s some 70 home-rule cities. An old story.

Sales 192

Sales Tax Colorado Massachusetts 192

CPA Practice

APRIL 26, 2024

By Arcelia Martin, The Dallas Morning News (TNS) Within 45 minutes of the Federal Trade Commission posting its latest ruling outlawing noncompete clauses , Ryan, a Dallas-based global tax services firm, filed the first of what would soon be a slew of lawsuits against the ban. That is the part that will be challenging,” Long said.

North Dakota 52

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CPA Practice

AUGUST 23, 2023

with offices around the world, has expanded its tax service capabilities serving clients in the private equity, venture capital (VC) and hedge fund space with the recent addition of two new partners to the firm, Gev Khan , CPA, MBA, and Eric Evans , CPA. Crowe LLP , a public accounting, consulting and technology firm in the U.S.

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CPA Practice

JANUARY 4, 2024

The firm specializes in serving privately owned businesses and high-net-worth individuals with accounting, auditing, and tax services; business valuation aid; accounting software selection and implementation support; financial planning; and management advisory services and business planning.

Real Estate 52

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Withum

SEPTEMBER 6, 2022

Cannabis retailers are adapting and developing apps to facilitate purchases. Common strategies implemented by most retailers include using a consumer-focused design for consumers to filter and find the right products based on their preferences. E-commerce has also allowed cannabis retailers to expand their consumer base.

E-commerce 52

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PYMNTS

OCTOBER 3, 2019

Wayfair last year, many online retailers now have to collect sales tax in additional states. The 5-4 decision in June 2018 essentially overturned the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states.

South Dakota 65

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Withum

JUNE 6, 2022

The taxpayer in PLR 202221006 (March 3, 2022) is a pharmaceutical distributor that engages in the retail sale of a limited number of drugs. Business Tax Services. For more information on this topic, please contact a member of Withum’s Federal Tax Services Team. Contact Us. Contact Us.

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TaxConnex

JANUARY 17, 2023

In our next blog, we’ll look at the nuances of some states regarding sales tax on shipping, including big (and unpopular) new fees.

Rhode Island 130

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inDinero Accounting

DECEMBER 5, 2023

However, the IRS rules surrounding this tax break are complicated and go beyond what we’ve covered in this article. If you want to dive deeper into this topic, you can connect with one of the experts on our business tax services team. Table of Contents What is the QSBS Exemption?

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Withum

MARCH 3, 2023

Where your company has employees, sales representatives, or solicitors of sales and services. If you need assistance determining your nexus responsibilities, please contact our State and Local Tax Services Team , and we will respond as soon as possible. How do I get help to determine my responsibility? Who needs it?

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CPA Practice

OCTOBER 18, 2023

How can I manage compliance documents when services are involved? What is an on-demand services marketplace? On-demand service marketplaces are platforms that connect customers to retailers and service providers for more-or-less immediate delivery. Tax rates on services are similarly varied.

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Withum

AUGUST 8, 2023

New York state business growth will be stunted and cash will have to be redirected to pay federal income tax bills. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. What will happen if the R&E capitalization requirements continue?

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CPA Practice

MARCH 13, 2023

Dempsey has more than 25 years of experience providing tax compliance and consulting services to medium-sized, closely held businesses and related owners in industries including health care, senior living, retail, manufacturing and distribution, professional services and real estate.

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Withum

JUNE 1, 2022

While you might view the examples that were provided as immaterial, industries that commonly use LIFO – including pharmaceutical distributors, specialty retailers, industrial equipment, farm equipment, furniture businesses, and the automotive industry – are seeing significant increases in their tax bills. Contact Us.

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CPA Practice

JULY 12, 2023

Bennett started with BSSF as an intern and is now a Staff Accountant specializing in tax services. Deller started with BSSF as an intern and is now a Staff Accountant specializing in tax services. Morrison joined BSSF as a Staff Accountant specializing in tax services.

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PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. TurboTax is among the platforms seeking to make it easier for U.S.

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TaxConnex

JANUARY 24, 2023

Ditto Idaho, except fees for shipping goods to the retailer are not exempt. Separately stated delivery charges by a third-party shipper are also exempt from Texas sales tax when provided at the customer’s request. New forms and names The future of sales tax on shipping is unsure, to say the least.

Sales 26

Sales Tax South Carolina Massachusetts 26

Cherry Bekaert

APRIL 24, 2023

The second step in the compliance process is registration with the state tobacco tax administrator in each state that a company sells vapor products into. Although the ATF has a standard form that is adopted to a large degree by most states, there is not complete uniformity in the information that states require on their PACT Act reports.

Legal 40

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CPA Practice

FEBRUARY 8, 2023

Collectively, the professionals joining Andersen deepen the firm’s expertise serving high net worth individuals, families, and businesses across a range of industries, including real estate, manufacturing, construction, professional services, hospitality, entertainment, technology, retail, financial planning, and agriculture.

Real Estate 52

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PYMNTS

OCTOBER 17, 2016

Small retailer makes a decision on anything — IT and hosting services, telephone services, accounting and tax services, POS hardware, etc. It’s a familiar story. based on what it needs at the moment. Which often means, Castrechini said, thinking about the role of payments in scaling their business.

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inDinero Tax Tips

NOVEMBER 15, 2021

Cost of Goods Sold vs. Cost of Service. Retailers and Services account for operating costs much differently. For services companies, the formula is more straightforward. The cost of services is simply the sum of all direct costs, the majority of which are salaries and production costs that contribute to the revenue.

Tax 52

Tax income tax Legal Entertainment 52

PYMNTS

MARCH 15, 2019

Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. billion in tax revenue in 2017, according to a Government Accountability Office (GAO) audit.

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Tax Account accountant accounted 77

Withum

NOVEMBER 17, 2022

Remote retailers, marketplace sellers and marketplace facilitators should review if they are compliant with state and local sales and use tax laws and marketplace facilitator rules. Changing Tax Laws and Definitions. Reach out to a member of Withum’s State and Local Tax Services Team for guidance as year-end approaches.

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TaxConnex

NOVEMBER 23, 2021

A time many retail businesses rely on to meet their year-end numbers. eCommerce has become a growing and important aspect of retail sales. Other reports show that eCommerce made up roughly $1 out of every $5 spent on retail in 2020, up from about $1 out of every $7 spent in 2019. eCommerce grew by more than 40%.

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TaxConnex

JANUARY 28, 2021

The case in point brought out how a transaction in which a provider doesn’t transfer tangible personal property to a customer generally would not be subject to retailers’ occupation tax, use tax, service occupation tax or service use tax.

Sales 149

Sales Tax Alaska Illinois 149

inDinero Tax Tips

JULY 11, 2023

How To Calculate the Home Office Deduction Required Documentation Conclusion If this guide does not answer a tax deduction question, skip the Google labyrinth and try our ultimate business tax deductions guide or consult the IRS source documentation on the home office deduction. What Are the IRS Rules for the Home Office Deduction?

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inDinero Tax Tips

JULY 11, 2023

How To Calculate the Home Office Deduction Required Documentation Conclusion If this guide does not answer a tax deduction question, skip the Google labyrinth and try our ultimate business tax deductions guide or consult the IRS source documentation on the home office deduction. What Are the IRS Rules for the Home Office Deduction?

Tax 52

Tax business tax tax services Entertainment 52

PYMNTS

JUNE 10, 2020

Against that backdrop, and in reference to the special taxation needs of Software as a Service (SaaS) sellers, taxation and regulatory bodies have been playing catch-up with that explosion in digital commerce, said Smith. At least some of those firms will have to include one or more full-time staffers dedicated to tax compliance.

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South Dakota Tax Sales tax services 52

xendoo

JANUARY 16, 2023

2022 tax year 2023 tax year April 18, 2022 April 18, 2023 June 15, 2022 June 15, 2023 September 15, 2022 September 15, 2023 January 17, 2023 January 16, 2024 If you underpay your estimated taxes or don’t pay them by the due dates, you may be subject to penalties. We’ll file your taxes too.

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business tax Tax income tax payroll tax 52

TaxConnex

APRIL 18, 2023

State updates Colorado lawmakers are considering a bill to help businesses comply with what many have called a burdensome retail delivery fee that kicked in last summer. Lawmakers look to simplify the requirement by exempting businesses – including retroactively to when the fee was first imposed – that have $500,000 or less of retail sales.

Sales 130

Sales Tax North Carolina Alaska 130

MyIRSRelief

DECEMBER 10, 2021

When it comes to matters regarding taxes and tax breaks, it’s important to know where you stand. The demand for professional tax services as of late is greater than ever before and if you’re a taxpayer yourself, you’ll instantly understand exactly why that is. Taxes for the storage, use, or consumption of items.

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Withum

AUGUST 17, 2022

Prior to the taxpayer electing to transfer their credit to the dealer, and no later than the time of sale, the dealer must disclose to the taxpayer the following items: The manufacturer’s suggested retail price (“MSRP”) The value of the credit allowed and any other incentive available for the purchase of such vehicle. Contact Us.

Tax 124

Tax income tax Manufacturing tax return 124

Withum

AUGUST 17, 2022

Prior to the taxpayer electing to transfer their credit to the dealer, and no later than the time of sale, the dealer must disclose to the taxpayer the following items: The manufacturer’s suggested retail price (“MSRP”) The value of the credit allowed and any other incentive available for the purchase of such vehicle. Contact Us.

Tax 52

Tax income tax Manufacturing tax return 52

CPA Practice

APRIL 24, 2024

The lawsuit comes after tax service firm Ryan LLC on Tuesday filed the first legal challenge to the FTC rule in a different federal court in Texas. The FTC did not immediately respond to a request for comment. The agreements suppress workers’ wages by making it difficult for them to switch jobs, they say.

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