tax Related Topics 
TaxConnex
MARCH 31, 2022
One such phrase is “sales and use tax.”. We sure know what “sales” tax is. What about Use Tax? Use tax is defined ?as as a tax on the storage, use or consumption of a taxable item or service on which no sales tax has been paid. Two types of use tax.
TaxConnex
OCTOBER 5, 2021
Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. What is excise tax? And is it different from sales tax? A different kind of tax pie. Federal, state, and local governments can all impose excise taxes.
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TaxConnex
SEPTEMBER 13, 2022
The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. Payment is due at the same time the seller’s sales tax return is due. While termed a fee, it functions as a tax,” adds the Tax Foundation.
Accounting Today
JANUARY 12, 2023
Income taxes Tax preparation IRS Tax Tax season
Speaker: Rita Keller - President of Keller Advisors, LLC
Join Rita Keller, seasoned CPA firm management strategist and consultant, for an insightful discussion on the importance of diversifying your accounting skills.
Accounting Today
DECEMBER 9, 2022
Sales tax International taxes IRS Tax Tax evasion
TaxConnex
DECEMBER 27, 2022
Sales and use tax nexus is defined as a connection between a person or entity and a taxing jurisdiction. Sales tax nexus is the basis for all your sales tax decisions because without sales tax nexus you have no further obligation to a state.
RogerRossmeisl
JANUARY 12, 2023
On January 10, 2023, IRS news release IR-2023-03 announced that California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments.
TaxConnex
JANUARY 10, 2023
We have completed our third annual survey of top financial professionals on how they are managing sales tax. Survey highlights include: Financial leaders remain relatively unhappy with their approach to managing sales tax, with 52% reporting to be less than satisfied.
Accounting Today
JANUARY 12, 2023
Tax crimes Tax preparation Tax fraud Tax scams Tax evasion Tax-related court cases
Accounting Today
DECEMBER 29, 2022
Tax crimes Tax preparation Tax fraud Tax scams Tax evasion Tax-related court cases
Speaker: Tom Bowman, CPA of Bowman & Company
It is possible to run an Accounting Firm and never do tax returns or financial statements! Tom Bowman, Owner of Bowman & Company, CPA, PC shares his journey and 10 step process for going from Technician to Business Owner.
Accounting Today
DECEMBER 15, 2022
Tax-related ID theft Tax crimes Tax preparation Tax fraud Tax scams Tax-related court cases
TaxConnex
JANUARY 3, 2023
Next summer will mark five years since the Supreme Court ignited economic sales tax nexus with the South Dakota v. Many businesses are still trying to figure out how to manage the resulting obligations, but one thing’s clear: Now every state with a sales tax has economic nexus.
Accounting Today
DECEMBER 15, 2022
Tax preparation Tax Client communications Tax season
Accounting Today
SEPTEMBER 2, 2022
Tax crimes Tax preparation Tax fraud Tax scams Money laundering Tax-related court cases
Accounting Today
JANUARY 13, 2023
Income taxes Tax preparation IRS Tax Tax season
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TaxConnex
OCTOBER 6, 2022
It’s a common scenario: A company has decided to sell, then due diligence turns up a $2 million risk in past sales tax obligations and compliance. Do you have solid positions and reasons for your sales tax decisions? Can you defend your sale tax position to minimize the escrow’s impact?
Accounting Today
DECEMBER 6, 2022
IRS Tax Tax practice
Accounting Today
DECEMBER 29, 2022
Tax credits Tax Tax regulations Tax season
RogerRossmeisl
JUNE 5, 2022
The next quarterly estimated tax payment deadline is June 15 for individuals and businesses so it’s a good time to review the rules for computing corporate federal estimated payments. The post Calculating Corporate Estimated Tax appeared first on Roger Rossmeisl, CPA.
TaxConnex
MARCH 1, 2022
It’s that time of year again when everyone suddenly thinks about preparing their income taxes. But does tax preparation incur sales taxes – and if it does, where and how? For some 90 years, states have levied sales tax on goods (West Virginia was the first to do so , in 1921).
Accounting Today
OCTOBER 20, 2022
Tax crimes Tax preparation Tax fraud Tax scams Tax evasion Tax-related court cases
Accounting Today
JANUARY 12, 2023
Income taxes Sales tax Biden Administration IRS Tax
Accounting Today
JANUARY 11, 2023
IRS Tax AICPA CPAs Tax season
RogerRossmeisl
SEPTEMBER 19, 2022
When you filed your federal tax return this year, were you surprised to find you owed money? Receiving a tax refund essentially means you’re giving the government an interest-free loan. The post Is Your Income Tax Withholding Adequate?
Accounting Today
JUNE 2, 2022
Tax planning Tax Tax regulations
TaxConnex
NOVEMBER 3, 2022
A new tax law in Maryland seemed ready to rattle every company that sold digital products in the U.S. But a court has now invalidated the Maryland Digital Advertising Tax. The judge ruled that the tax violates the Internet Tax Freedom Act and the U.S. The tax is 2.5%
TaxConnex
DECEMBER 8, 2022
spares you the complexities and headaches of sales tax thresholds. And you’d be right – except that in many countries you’d instead run into value-added tax (VAT) on transactions. VAT is an indirect tax on consumption, ultimately payable by the final consumer of the goods or services.
Accounting Today
NOVEMBER 23, 2022
Tax crimes Tax preparation Tax fraud Tax scams Money laundering Tax-related court cases
TaxConnex
DECEMBER 20, 2022
What about sales tax? Shopify is not required to collect and remit sales tax for its sellers, as it is not a marketplace facilitator like Amazon, eBay, or Etsy. Shopify uses many default sales tax rates, updated regularly. Rely on sales tax experts to maintain your compliance.
TaxConnex
APRIL 14, 2022
Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. Be sure you are registering for the correct tax type.
Accounting Today
JANUARY 11, 2023
Tax preparation Tax returns IRS Tax Tax season
MyIRSRelief
DECEMBER 15, 2022
For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. This might include accounting software, a financial calculator, and reference materials such as tax guides or accounting textbooks.
Accounting Today
DECEMBER 29, 2022
Tax credits Tax Tax regulations
Accounting Today
JANUARY 12, 2023
Tax preparation Tax credits IRS Tax Tax season
Accounting Today
JANUARY 12, 2023
Tax preparation Marketing Tax Referrals Tax season
Accounting Today
NOVEMBER 10, 2022
Tax-related ID theft Tax crimes Tax preparation Tax fraud Tax scams Tax-related court cases
RogerRossmeisl
JANUARY 2, 2023
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2023. January 17 (The usual deadline of January 15 is on a Sunday and January 16 is a federal holiday) Pay the final installment of 2022 estimated tax.
TaxConnex
AUGUST 18, 2022
A lot of times regarding sales tax, the answer to any question is, “It depends.” Covid created unique conditions for companies that must collect and remit sales tax, including many temporary breaks regarding worker locations. sales tax nexus sales tax compliance
TaxConnex
DECEMBER 29, 2022
New sources of tax revenue, old ones robust but sputtering in spots, tax holidays as political tools amid inflation: It’s been a year of new trends in sales tax. Heading into the new year, state sales tax revenues were up coast to coast, often by double-digit percentages.
Accounting Today
AUGUST 18, 2022
Tax crimes Tax preparation Tax fraud Tax scams Tax evasion Tax-related court cases
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