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The changing state of e-commerce

TaxConnex

trillion in 2027. retail e-commerce sales is expected to top $2 trillion by 2027. Capital One reports that global e-commerce retail sales will hit some $6.91 trillion this year, up 9.5% from total e-commerce retail sales in 2023. Projections indicate that value will increase to $8.03 from the same period in 2022.

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Another L For 150 Hours: Illinois Might Have Two New CPA Pathways Soon

Going Concern

Changes references from “substantial equivalency” to “enhanced mobility” Changes provisions regarding substantial equivalency for an individual whose principal place of business is not in the State but who has a valid CPA license issued by another state to require that the licensure requirements of the issuing state must be (..)

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Hot Topics: Sales Tax Rates | TaxConnex

TaxConnex

Similarly, South Dakota has reduced its state sales tax rate through June 30, 2027, to 4.2% As discussed in our recent “Hot Topics” webinar , Alabama cut its state sales tax rate on food from 4% to 3% effective Sept. 1, 2023, and perhaps will be reduced to 2% this coming Sept. 1 if certain other budgetary factors are met.

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Climate reporting legislation: What it means for small businesses and accountants

Xero

The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. While this law directly targets businesses with more than 100 employees, the impact will inevitably trickle down to their suppliers, who may need to provide emissions data to them.

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Massachusetts Life Sciences Companies: Tax Savings Opportunities

Withum

Companies that apply and are accepted into this program can benefit from various tax benefits, such as: PaLife Sciences Investment Tax Credit (90% refundable) (pursuant to M.G.L 62, 6(m) and c. 63, 38U) Extension of Net operating Losses (NOLs) from 5 to 15 years (pursuant to M.G.L. 62, 6(n) and c. 62, 6(m) and c. 62, 6(n) and c.

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California Suspends NOLs and Limits Credit Utilization

Withum

1, 2027, a taxpayer will be permitted to make an irrevocable election to receive a refund equal to 20 percent of the qualified credits that would have been available to the taxpayer in the absence of the $5 million limitation imposed by SB 167. SB 167 suspends the net operating loss (NOL) deduction for tax years beginning on or after Jan.

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The CPA Profession 2027

RitaKeller

They are providing seven predictions for the future titled, “CPA Profession 2027: Racing for Relevance.” Inside “CPA Profession 2027,” ICPAS outlines how the CPA profession is facing a pace and type of change unlike any it has experienced before, where the rules of the race are literally being rewritten by technology.

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