Accounting Today

DECEMBER 20, 2023

The Top 100 Firm is merging in San Antonio- and Austin-based Ridout Barrett & Co.

Texas 128

Texas 128

TaxConnex

JANUARY 7, 2025

To do so if youve already filed your sales tax return, youll have to amend the return, which can be more complicated in states such as Texas. If you refund the full price, then youre entitled to take a credit with the state for the full sales tax you returned to the buyer.

Sales 147

Sales Rhode Island Tax tax return 147

Accounting Today

JULY 23, 2024

Individuals and businesses in the affected counties now have until next Feb. 3 to file various federal individual and business tax returns and make tax payments.

Texas 128

Texas Tax tax return business tax 128

Accounting Today

NOVEMBER 10, 2023

The fallout from a CPA exam cheating from last year continues down to the state level.

Texas 133

Texas CPA accounted Account 133

TaxConnex

MAY 22, 2025

For instance, in Florida (an especially holiday-happy state), Iowa, Texas, Mississippi, Missouri, Oklahoma, Alabama, Connecticut and New Mexico (in 2024) and Tennessee, only clothing costing less than $100 is tax-free. Often, back-to-school clothing sales tax holidays are pegged to prices.

Rhode Island 130

Rhode Island West Virginia Iowa Oklahoma 130

TaxConnex

NOVEMBER 3, 2020

Texas state sales tax revenue totaled $2.57 Sales tax is the largest source of state funding for the Texas budget, accounting for 60 percent of all tax collections. The sale of the pre-recorded video is taxable whether it is offered on demand or as a webcast replay. billion in September, 6.1 percent less than in September 2019.

Sales 246

Sales Wisconsin Tax Vermont 246

CPA Practice

NOVEMBER 28, 2023

has been supporting clients in the San Antonio and greater Texas market since 1980. A regional firm with a national reach, abip has more than 100 professionals in offices based in Houston, San Antonio, New Braunfels, and the Woodlands. Brehm, Havel & Co.

Texas 97

Texas cpa firm CPA cpas 97

CPA Practice

NOVEMBER 13, 2023

The Texas State Board of Public Accountancy approved an Agreed Consent Order assessing a reprimand and a $3,000,000 administrative penalty against Ernst & Young LLP (EY) on November 9, 2023. The penalty was the largest administrative penalty that the Texas Board has ever assessed against a CPA firm.

Texas 85

Texas public accounting cpa firm accounted 85

TaxConnex

JANUARY 23, 2025

In Texas, to cite one state, new contraction generally falls in that simple sales tax scenario we discussed above. We see this often in Arizona and Hawaii and with types of projects in North Carolina and Texas, among other examples.) New versus existing construction.

Sales 147

Sales North Carolina Tax Construction 147

ThomsonReuters

DECEMBER 10, 2024

Overview of the recent halting On December 3rd, 2024, a federal court in Texas recently issued a nationwide preliminary injunction against the enforcement of the CTA’s reporting requirements. This decision arose from the case of Texas Top Cop Shop, Inc., Garland, et al.

Tax 98

Tax accounted Account accountant 98

TaxConnex

MAY 17, 2022

Major origin-based states include Texas, Pennsylvania, Ohio, Virginia and California. changed the sourcing of internet-based transactions for Texas retailers, shifting them from an origin-based to a destination-based sourcing model. Effective last Oct. This change has since been challenged with no answer yet.).

New Mexico 246

New Mexico Texas Illinois Colorado 246

TaxConnex

JULY 8, 2021

But holidays cover both state and local taxes in Oklahoma, Virginia, Texas, and other states. Other states like Maryland, Missouri, Texas, and Virginia have holidays for energy-efficient devices. You may or may not have to participate in a sales tax holiday in some states. Second Amendment holidays in Mississippi and Louisiana?

Sales 246

Sales South Carolina E-commerce Tax 246

TaxConnex

SEPTEMBER 17, 2020

Texas , even as a pandemic rages and wanes, is also enjoying a bump in sales tax revenue for fiscal 2020: $34.10 Sales tax is the largest source of funding for the Texas budget, accounting for 59 percent of all tax collections. Online sales tax revenue compared to the same period in 2019 increased $140 million between April and July.

Oklahoma 244

Oklahoma Texas Kansas Tennessee 244

TaxConnex

SEPTEMBER 10, 2020

Nevada , Texas , South Carolina and New Jersey are among the first states mandating surcharges on retail sales subject to sales tax. If the item or service sold is taxable, then the related fees or surcharges are also taxable, even if separately stated or identified as a dollar-for-dollar reimbursable expense,” reads the notice from Texas.

South Carolina 246

South Carolina Sales Nevada Tax 246

TaxConnex

SEPTEMBER 7, 2021

For example, in Texas, certain types of software receive a 20% exemption – essentially reducing the effective sales tax rate. Origin based states Major origin-based states include Texas, Pennsylvania, Ohio, Virginia and California. Those are the general rules. Most states and Washington, D.C.,

Texas 237

Texas Connecticut Real Estate Pennsylvania 237

Accounting Today

JANUARY 8, 2025

A federal court in Texas has issued another preliminary injunction and stay halting enforcement of the Corporate Transparency Act and its beneficial ownership information reporting requirement.

Texas 64

Texas accounted Account accountant 64

TaxConnex

MAY 1, 2025

Major origin-based states include Texas, Pennsylvania, Ohio, Virginia, and California. California is also a hybrid-origin state that applies certain state and local taxes based on the origin of a transaction but also applies certain district level sales taxes based on the destination.)

E-commerce 147

E-commerce Sales Tax Kansas 147

TaxConnex

JANUARY 19, 2023

New York agrees, and so does Texas , where “the dissolution of a corporation, association, limited liability company, or partnership does not affect a responsible individual’s liability.” Texas and California are, however, among states where personal liability doesn’t always kick in until the actual collection of the sales tax.)

Wisconsin 246

Wisconsin Georgia Texas New York 246

TaxConnex

MAY 8, 2025

And in Texas, SaaS is treated as a data processing service, meaning that 20% of the charge is exempt. New Jersey doesnt tax SaaS but does tax downloaded software unless that software is sold to a business. South Carolina doesnt tax downloaded software but does tax SaaS, exactly the opposite of many states.

South Dakota 147

South Dakota South Carolina Technology Ohio 147

TaxConnex

FEBRUARY 8, 2022

million ahead of estimates; Texas had state sales tax revenue of $3.56 Local use tax is due at the location where the order is shipped or delivered when the order is not received or fulfilled from a Texas place of business. Arkansas had an almost 20% gain in December, pushing state tax revenue 1.5% billion, an increase of $243.4

Sales 245

Sales Tennessee Tax Massachusetts 245

TaxConnex

DECEMBER 14, 2021

Texas sales tax revenue totaled $3.56 Sales tax is the largest source of state funding for the Texas budget, accounting for 59% of all tax collections. The FAQ reminds taxpayers that for purposes of calculating the $100,000 economic nexus threshold, gross receipts only include receipts from retail sales. billion in November, up 19.4%

Sales 246

Sales Kansas Tax Texas 246

TaxConnex

MARCH 17, 2022

Midland County, Texas bettered its first-quarter sales tax haul by two-thirds year over year. Texas Comptroller Glenn Hegar said his state’s sales tax revenue totaled $3.23 The sales tax take for Lead, SD has more than doubled in five years. The February sales tax revenue for Bartlesville, OK, is the highest on record. Numbers are up.

Sales 244

Sales E-commerce West Virginia Kansas 244

CPA Practice

APRIL 17, 2025

Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.

Texas 119

Texas California 119

TaxConnex

JANUARY 28, 2021

The Texas Comptroller has posted FAQs on its website regarding post- Wayfair obligations for remote sellers, marketplace sellers and marketplace providers. The assessment covered Q1 of 2016 only.

Sales 233

Sales Alaska Tax Illinois 233

CPA Practice

APRIL 16, 2025

Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.

Texas 111

Texas California 111

TaxConnex

APRIL 29, 2025

We have seen some slight softening in sales tax revenue, but I would caution against jumping to conclusions based on limited data from a single month, Texas Comptroller Glenn Hegar recently told news outlets.) Reduced consumer spending can produce less sales tax revenue. (We

Sales 130

Sales Wisconsin Tax E-commerce 130

TaxConnex

AUGUST 15, 2024

And do they: Much has been written about Texas , for instance, which charges sales tax on belt buckles. Sometimes, though, sales tax holidays just plain do good – like the fixed one in Connecticut on bike helmets, kids’ car seats, college textbooks, firearm safety devices, medical goods and pollution-control equipment, to name a few.

Sales 264

Sales South Dakota South Carolina Tax 264

Withum

NOVEMBER 4, 2024

Additionally, Menna was instrumental in founding the “Private Investment Fund Forum” in Texas across multiple organizations (Ernst and Young, Rothstein Kass and KPMG), which brings together industry professionals to tackle emerging challenges and share best practices.

Texas 106

Texas cpa firm CPA Account 106

RogerRossmeisl

JULY 7, 2022

As posted to the Munro Live YouTube Channel on 7/5/2022 (Run Time 17 min, 23 sec) The team at Munro & Associates just dropped the structural battery pack (with 4680 cells) out of their brand new Texas-made Tesla Model Y. What they found is some that they’ve never seen. The seats, console, carpet, etc.

Texas 195

Texas CPA cpa firm Technology 195

TaxConnex

APRIL 9, 2024

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

Sales 264

Sales West Virginia Tax Virginia 264

TaxConnex

OCTOBER 8, 2020

Texas and Maryland. An out-of-state seller can use a customer’s registered IP address to source sales for Texas sales tax purposes, however, sourcing the sale based on the physical address associated with the registered IP address.

Sales 147

Sales Texas Tax Nevada 147

TaxConnex

AUGUST 3, 2021

The Texas city of Round Rock has filed a suit against the state comptroller for a recent regulation that affects how local sales tax is allocated for online sales. Ohio has enacted H.B. 110 on June 30, 2021, which officially repeals the sales tax established by the state on employment services. The legislation goes into effect Oct.

Sales 246

Sales Tax New Mexico Mississippi 246

TaxConnex

NOVEMBER 2, 2021

The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. Most states have no special rules for supplements and vitamins.

Sales 246

Sales West Virginia Tax Vermont 246

TaxConnex

JANUARY 4, 2024

As of this fall, Ohio’s sales tax exemptions added diapers, creams and wipes, child-restraint devices or booster seats, cribs and strollers and Texas stopped collecting sales tax on baby products like diapers and wipes, as well as menstrual products. Texas state sales tax revenue totaled $3.57 billion in March, 5.9% billion in July, 2.7%

Sales 264

Sales Tax Colorado South Dakota 264

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 147

North Carolina Oklahoma Ohio Texas 147

TaxConnex

JULY 12, 2022

Texas sales tax revenue for the three months ending May 2022 was up 15.7% The Texas Comptroller has issued a publication discussing applicability of sales tax to data processing services listing taxable and nontaxable services. for how this will change sales tax filing and other taxpayer services?when when the transition occurs.

Sales 246

Sales Tax Oklahoma Illinois 246

CPA Practice

NOVEMBER 14, 2024

The agency has also been honored with awards from other reputable brands including The Recorder (California), Daily Report (Georgia), Texas Lawyer, National Law Journal (Midwest and Washington, DC), New Jersey Law Journal, New York Law Journal and Connecticut Law Tribune (New England). “We

Connecticut 98

Connecticut New Jersey Georgia accounted 98