TaxConnex

AUGUST 3, 2021

There’s always something changing in the world of tax, especially sales tax. So what has the pandemic done to states’ coffers? States themselves don’t seem to know yet, according to a recent survey co-sponsored by the Tax Policy Center. Many states still lack details on purchases made online or in person.).

Sales 210

Sales Tax Mississippi New Mexico 210

TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. Colorado will begin imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state, beginning July 1. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its

Sales 178

Sales Tax Oklahoma Illinois 178

TaxConnex

OCTOBER 21, 2021

Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? Are you registered in every state that you’ve established nexus and have taxable sales?

E-commerce 187

E-commerce Sales Tax Retail 187

TaxConnex

JANUARY 17, 2023

Online sales could not exist without shipping, and the charges associated with shipping are subject to sales tax in many states. Question is, who has to pay that sales tax these days, and where? As with most details of sales tax, much depends on the situation, jurisdiction and new laws. Tax-free states.

Rhode Island 130

Rhode Island West Virginia Alaska North Dakota 130

TaxConnex

DECEMBER 30, 2021

Sales tax in 2021, though, seemed to move in only one direction: It intensified as even more states hopped on the economic nexus bandwagon and the sales tax burden for online businesses grew. Here’s a look back at some of 2021’s biggest developments in sales tax. Other states intensified their sales tax moves.

Sales 193

Sales Tax Maryland West Virginia 193

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. The state capital of Juneau reportedly collects $6.2

Sales 193

Sales Tax Colorado Massachusetts 193

TaxConnex

SEPTEMBER 14, 2021

There’s always something changing in the world of tax, especially sales tax. State Revenue Updates. Dire forecasts of states’ plunging sales tax revenue in the age of COVID continue to be proven wrong. billion for next year – with online sales taxes making up a substantial portion of the take. State Updates.

Sales 173

Sales Alabama Tax Alaska 173

TaxConnex

NOVEMBER 3, 2020

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. New York City tax revenues in March and April fell $1.15

Sales 224

Sales Tax Wisconsin Vermont 224

TaxConnex

MAY 6, 2021

There’s always something changing in the world of tax, especially sales tax. In the trendiest sales tax news (aside, of course, from Florida finally passing economic nexus legislation), Connecticut lawmakers have proposed a digital advertising services tax similar, experts say, to one recently enacted in Maryland.

Sales 201

Sales North Carolina Tax Maryland 201

TaxConnex

MAY 10, 2022

There’s always something changing in the world of tax, especially sales tax. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. Here’s a review of some of the recent changes and updates. Virginia has enacted H.B.

Sales 163

Sales Tax Mississippi Non-Profits 163

TaxConnex

SEPTEMBER 15, 2020

Sales tax is complicated. Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side. Determine Nexus.

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Sales Tax tax consultant cpa firm 225

TaxConnex

FEBRUARY 8, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax revenues and their local portions are reported up from Auburn, N.Y., Many other states are finding more late-2021 sales tax revenue to funnel toward local governments. Oh Joy, oh revenue!

Sales 174

Sales Tennessee Tax Massachusetts 174

TaxConnex

JANUARY 26, 2023

There’s always something changing in the world of tax, especially sales tax. Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. Oneida, N.Y.,

Sales 130

Sales Tax Arkansas Missouri 130

TaxConnex

SEPTEMBER 28, 2022

By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Nexus can also be physical, created by inventory, employees or reps in a state or jurisdiction. And that case is a key to today’s economic nexus in almost every state.

South Dakota 204

South Dakota Alaska Tax Sales 204

TaxConnex

SEPTEMBER 22, 2022

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.

Sales 130

Sales Tax Indiana Colorado 130

TaxConnex

MAY 27, 2021

Taking advantage of sales and use tax exemptions can save your business money and headaches. But exemptions can be harder to secure in some states than in others. The presumption is that all sales of tangible personal property are taxable without specific and enumerated exemptions. Necessary paperwork for sales tax exemptions.

Sales 165

Sales Tax Connecticut Idaho 165

TaxConnex

JULY 15, 2021

There’s always something changing in the world of tax, especially sales tax. 1, 2022, though, all retailers must apply the destination sourcing rules when calculating, collecting and remitting state sales tax. Marketplace sellers that properly remitted tax can file a claim for credit. As of Feb.

Sales 141

Sales Tax Louisiana North Carolina 141

inDinero Tax Tips

MAY 10, 2023

Tracking expenses and claiming all of the small business tax deductions you’re eligible for can add up to substantial savings, especially for start-ups that reinvest aggressively as they scale. Many popular tax software are, of course, designed to help you through these startup tax deductions.

business tax 52

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Withum

NOVEMBER 17, 2022

In recent years there have been significant changes to the State and Local Tax Nexus rules. Today, almost all states employ economic nexus concepts, whereby merely having sales sourced to a state generally result in a filing requirement even without a physical presence. State and Local Tax Workarounds.

tax planning 52

tax planning Tax income tax CPA 52

Going Concern

SEPTEMBER 22, 2023

People Ken Miller set to retire after more than three decades of service [ Virginia Tech ] After more than 35 years of dedicated service to Virginia Tech, Ken Miller has announced his retirement. In addition to his new role, he will continue to serve as co-director of the firm’s DC-Metro tax practice.

audit 78

audit accounting and finance Virginia auditor 78

xendoo

JUNE 25, 2021

You take a personal interest in the real estate market, and you are excited to do great work for your clients, whether buying or selling pieces of property. . Accounting plays a major role in staying organized, managing taxes, and making smart decisions in any business. . Property management. Outsource accounting services.

Real Estate 98

Real Estate Account accountant accounted 98

TaxConnex

NOVEMBER 11, 2021

There’s always something changing in the world of tax, especially sales tax. As e-commerce continues to grow, it’s important to monitor your nexus footprint and ensure you aren’t meeting thresholds in new states. State Updates. In Colorado , Denver is considering lowering its sales and use tax rate. California Gov.

Sales 41

Sales E-commerce Tax Illinois 41

TaxConnex

MARCH 21, 2024

There’s always something changing in the world of tax, especially sales tax. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties.

South Carolina 195

South Carolina Sales Tax Alabama 195

Going Concern

OCTOBER 20, 2023

Local CPA weighs in on accountant shortage [ WMDT ] The Salisbury, MD news spoke to a UHY partner about the issue. The strategic acquisition also encompasses Mueller dotKonnect, a business process outsourcing firm specializing in finance, accounting, tax and payroll functions. This move, effective Nov. This move, effective Nov.

CPA 91

CPA quickbooks auditor Real Estate 91

Withum

FEBRUARY 1, 2023

Important Tax Considerations With 2022 coming to an end, there are several important tax topics and considerations a dealer should be aware of over the next few years. In order to use the LIFO method, a taxpayer must file Form 970 with their tax return to make the election.

accounting and finance 52

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TaxConnex

JANUARY 28, 2021

There’s always something changing or new going on in the world of tax, especially sales tax. Nationwide , the Streamlined Sales Tax Governing Board has made amendments to the Streamlined Sales and Use Tax (SST) Agreement to revise its amnesty-related provisions. It’s reported to bring about $9 million in revenue annually.

Sales 149

Sales Tax Alaska Illinois 149

TaxConnex

APRIL 6, 2021

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it. 10 to report use tax.

West Virginia 130

West Virginia Sales Nebraska Alaska 130

MyIRSRelief

NOVEMBER 19, 2021

If you’re like most, then taxes are probably not your favorite thing in the world. In this article we will go over 10 different tax credits that you may be able to claim in order to reduce your taxable income, and therefore the amount of taxes you owe. A tax credit is something that reduces your taxable income.

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Tax CPA Education business tax 100

TaxConnex

OCTOBER 27, 2020

We can’t say it enough – sales tax is complex. Whether you outsource aspects of the process or manage it all in house, there are a lot of moving parts and nothing seems to stay the same for long. We’ve compiled some of the top questions we get from clients on sales & use tax. What is the difference between sales and use tax?

Sales 189

Sales Tax Retail auditor 189

Going Concern

JANUARY 26, 2024

CEO: ‘The ubiquity of GenAI and just how disruptive it will be is creating greater demand for our services’ [ Fortune ] KPMG US CEO Paul Knopp wrote a little something for Fortune. His tenure includes positions as Head of London Audit and Tax, Head of People and Client Experience, and most recently, Chief Operating Officer since 2019.

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Account accountant accounted audit 107

inDinero Accounting

JANUARY 9, 2023

Table of Contents What Makes Accounting Services for Startups Different? We’ll cover the various services startups need from accountants and the things accountants look out for while doing their work. What Makes Accounting Services for Startups Different? One example is the burgeoning Software as a Service (SaaS) space.

Account 52

Account accountant accounted accrual accounting 52

inDinero Accounting

JANUARY 9, 2023

What Makes Accounting Services for Startups Different? We’ll cover the various services startups need from accountants and the things accountants look out for while doing their work. What Makes Accounting Services for Startups Different? One example is the burgeoning Software as a Service (SaaS) space. Table of Contents.

Account 52

Account accountant accounted accrual accounting 52

Snyder

JUNE 20, 2022

It shows the most accurate picture of the current state of a business and its future. Get to know small business tax obligations and procedures. Speaking of small business accounting, it includes bookkeeping, preparing and filing tax returns, and drafting financial reports. Accounting is the language of numbers. Revenue/income.

accounting basics 52

accounting basics general ledger Account accountant 52

TaxConnex

FEBRUARY 15, 2024

There’s always something changing in the world of tax, especially sales tax. B&O responsibility: A Washington State appellate court has found two sellers responsible for sales tax and business and occupation (B&O) tax on sales made through Amazon’s Fulfillment by Amazon (FBA) program. No refund, stat!:

Sales 190

Sales Tax Illinois Washington 190

TaxConnex

JANUARY 4, 2024

No year’s ever dull in sales tax, and the pace has only accelerated in the five years since the Supreme Court’s Wayfair decision. In 2023, familiar trends and new issues showed up across the states. As we start the new year, here’s a look back at some significant sales tax events from 2023.

Sales 232

Sales Tax Colorado Alaska 232

TaxConnex

APRIL 18, 2023

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. A Republican lawmaker recently introduced a bill that would create a 2% state sales tax as one part of a larger plan to close a revenue gap partially created by falling oil prices.

Sales 130

Sales Tax North Carolina Alaska 130

TaxConnex

MARCH 2, 2021

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. O ther states are reportedly pursuing similar efforts. in 2020 but it failed.

Sales 230

Sales Tax Missouri Wisconsin 230