Remove tag sales-tax
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How not to tank your sales tax audit (part 1)

TaxConnex

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. Rightly so: Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you. Why would you get tagged for audit? Not assessing nexus.

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5 Tips to Minimize Risk Associated with Sales Tax Audits

TaxConnex

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. In fact, our annual survey of financial professionals on sales tax trends has ranked sales tax audits as a top worry for the third year in a row.

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How to Accurately Price Advisory Services

CPA Practice

I want to dive into the essential aspects of pricing advisory services to help my tax and accounting peers navigate this crucial aspect of their practice. Here’s what I mean: Does the client have certain unique aspects to their business, such as inventory, software as a service, project costing, and/or sales tax?

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State and Local Tax Deductions

Dent Moses

If you itemize your deductions, you are allowed a deduction on your federal return for certain taxes you paid. The deduction is commonly referred to as SALT, which is short for state and local tax. This includes real estate taxes, personal property taxes (ie car or boat tags) and state and local income taxes.

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Why we can’t keep old reports (and other burning questions)

Xero

When you search for a report or view your favourites, you’ll see a tag letting you know it’s an old version. These tags will continue to be added to old reports as more new reports become available. In the months ahead, the ‘Old version’ tag will change to ‘Retiring 31 July 2023’, so you know they won’t be available after that date.

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A sneak peek into what’s next for reports in Xero

Xero

Don’t forget to replace your favourites in the report centre with the new version of that report, as you’ll only be able to favourite new reports in the months ahead.

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The Impact Of The Coronavirus On US Shopping Malls

PYMNTS

The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail brands began to put a price tag on the revenue losses they expect to face. 400B: Approximate amount in state and local taxes the shopping industry generates in the U.S. All this, Today in Data.