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What was new in August for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Sales tax on digital products was the subject of a white paper draft at the Multistate Tax Commission’s annual meetings in Anchorage, Alaska. Sales tax revenues continue their robust pandemic-driven rise in many states. Virtual reality.

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Kentucky now taxes a range of services

TaxConnex

“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. The Bluegrass State looks to expand sales tax on what it calls high-growth services. Businesses without a sales and use tax account must apply for one. Get in touch to learn more.

Kentucky 147
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Taxation of services

TaxConnex

Understanding the taxability of your company’s products or services is one of the key steps to complying with sales and use tax laws. Services continue to pop up among states’ lawmakers as a potential new source of sales tax revenue. is an outsourced sales tax department for businesses looking to solve the sales tax puzzle.?By

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The new breed of audit

TaxConnex

Audits remain an important tool for tax jurisdictions to evaluate the level, or lack thereof, of sales tax compliance within a business. Even though many audits have shifted to remote audit, the fundamentals of the sales tax audit haven’t changed. And of course, save paper. Top 10 Tips for Managing Sales Tax Audits.

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5 Myths About Voluntary Disclosure Agreements

TaxConnex

Voluntary disclosure agreements (VDAs) can be an effective way to mitigate prior period sales tax exposure. Establish the company as compliant for all prior periods for sales and use tax purposes. All states that impose sales tax have a VDA program to help alleviate the penalties of non-compliance and encourage businesses to comply.

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FP&A Hindsight is 20/20: What Lessons Can We Learn?

Anders CPA

Financial planning and analytics leverages internal data sources and external data providing a holistic view of the entire business, including operations, sales, and other functions giving you a full and comprehensive view of the company. Download our Next Generation FP&A White Paper. Your FP&A Roadmap.

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Marketing for accounting firms: individuals vs. small businesses

ThomsonReuters

You can do this online through blogs, white papers, webinars, and podcasts, or offline through speaking engagements and networking opportunities. Your sales cycle is much faster. Thus, your sales cycle is longer, usually starting with lead generation. A better approach is to build a reputation as an accounting expert.