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Monday Morning Accounting News Brief: FAR Isn’t That Hard If You’re Drunk; Late Muni Audits Piling Up | 3.10.25

Going Concern

Transportation and warehousing added 17,800 jobs, the fourth consecutive month. The number of available certified auditors is also declining due to firm mergers, retirements, and firms leaving the government auditing space. We will not see the full effects of recent federal layoffs until March and April. Financial activities added 21,000.

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Sales tax on shipping: latest updates

TaxConnex

If delivery is made in the seller’s own vehicle or in equipment leased by him or her, transportation charges are subject to sales or use tax. Illinois : S&H taxable when the transportation and delivery charges aren’t separately identified to the purchaser on the contract or invoice, among other conditions.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming. In Florida, the purchaser must also have the option of picking the item up or arranging for third-party transportation services on its own.

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Deep Dive: Why Smart Cities Should Get Smart About Digital ID

PYMNTS

The growth of smart cities means citizens will be able to quickly connect with a host of services, including health, public transportation and public works. The effectiveness of a city’s public transportation will be key in determining if it is, indeed, a smart city. Idaho, Colorado, Maryland and Washington, D.C.,

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How Small Retailers Can Handle Sales Tax on Shipping: State-by-State Guide

CPA Practice

When made by common carrier or the United States Postal Service (USPS), transportation charges are exempt from sales tax if billed as a separate item (identifiable from other charges) and paid (directly or indirectly) by the purchaser. Transportation charges that are included in the sale price are not excluded from tax.

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What’s new in sales tax?

TaxConnex

Five states follow with 4% rates: Alabama, Georgia, Hawaii, New York and Wyoming. This applies to delivery charges that are separately stated on the invoice, bill of sale or other documentation given to the purchaser and includes, but is not limited to, transportation, shipping, postage, handling, crating and packing.

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Maximizing Profits Through Proper Tax Planning

MyIRSRelief

And you may even include assistance for tuition, childcare, transportation, and even what you use for the cafeteria in your company. No Individual or Corporate Income Tax: Nevada, South Dakota, and Wyoming. Employee Benefits: These are mostly the incentives used to keep valuable employees.