TaxConnex

AUGUST 27, 2024

General Accounting Office’s 2022 report on remote selling. Are home rule/online retailer cases likely to stay few and far between? Substantial uncertainty currently exists regarding to what extent remote sales taxation is legally permissible for states and localities,” reads the U.S. Probably not.

Colorado 264

Colorado Sales Tax Alaska 264

CPA Practice

APRIL 10, 2023

By Gail Cole A bill making its way through the Colorado General Assembly could help all businesses, and especially small businesses, comply with the retail delivery fee (RDF) that took effect July 1, 2022. What is the Colorado retail delivery fee? Benefits to the state The retail delivery fee benefits Colorado in a few ways.

Colorado 107

Colorado Retail Tax Sales 107

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Entertainment Account 130

VetCPA

SEPTEMBER 8, 2022

Small businesses make accounting errors and oversights regularly. Here, we cover five of the most common small business accounting mistakes. Recording everything is an excellent rule to follow for bookkeeping and accounting for a small business. You refuse to outsource your accounting needs.

small business accounting 130

small business accounting business accounting bookkeeping Account 130

Going Concern

AUGUST 29, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 105

Real Estate Account accountant accounted 105

TaxConnex

NOVEMBER 3, 2020

Sales tax accounted for the largest decline, falling $918 million, or 23 percent. Revenue from out-of-state online retail, however, was one of the few bright tax spots, said Comptroller Glenn Hegar. Sales tax is the largest source of state funding for the Texas budget, accounting for 60 percent of all tax collections.

Sales 246

Sales Tax Wisconsin Vermont 246

Going Concern

JULY 25, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 105

Real Estate Account accountant accounted 105

TaxConnex

SEPTEMBER 26, 2023

“Revenue” can also vary, meaning “ gross revenue ” in some states and “taxable receipts” or “retail receipts” in others. (We Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Taxability. Marketplace facilitators. Managing the process Calculating sales tax.

Sales 264

Sales Tax South Dakota Colorado 264

PANALITIX

MAY 31, 2021

Specializing an Accounting Business: . Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Accountants are increasingly specializing in response to the commoditization of ‘traditional’ accounting services. Management accounting. Cost Accounting.

Account 130

Account accountant accounted Non-Profits 130

Going Concern

SEPTEMBER 5, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 105

Real Estate Account accountant accounted 105

TaxConnex

NOVEMBER 22, 2022

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. Accounting and CPA firms looking to expand their services into the sales and use tax niche, often have pent-up demand within their own client base. Review the sales tax payable account.

accounting firms 130

accounting firms Sales Tax tax return 130

Going Concern

SEPTEMBER 19, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Account 105

Account accountant accounted Construction 105

CPA Practice

JULY 16, 2024

Accounting is no exception. While some pundits say accounting has a dim future in the digital world of tomorrow, technologies such as cloud-based data management, process automation and advanced analytics are actually poised to further elevate accountants in new and empowering ways. Go to Part II of this two-part series.]

Technology 124

Technology accounting firms Account accountant 124

Going Concern

JUNE 25, 2024

VC firm Andreessen Horowitz just did an interesting piece called “ Death, Taxes, and AI: How Generative AI Will Change Accounting ” that’s worth a read if you’re at all interested in this topic but most interesting of all (to us anyway) was this chart of early stage AI startups in this space.

Account 116

Account accountant accounted Technology 116

Accounting Today

NOVEMBER 17, 2023

Revised financial statements mark an attempt to "turn the page" for the scandal-struck Brazilian retailer

financial statements 124

financial statements Account accountant accounted 124

Going Concern

JANUARY 23, 2023

Brazilian retailer and PwC client Americanas filed for bankruptcy, its three largest shareholders said over the weekend they had not known of $4 billion in accounting inconsistencies. “We didn’t know of and would never allow any accounting manipulation in the company”, they said in a statement.

public accounting 116

public accounting Account accountant accounted 116

TaxConnex

JULY 12, 2022

Colorado will begin imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state, beginning July 1. The seller is responsible for collecting and remitting the retail delivery fee even when delivery is made by a third party and the retail delivery fee must be separately stated on the customer’s invoice.

Sales 246

Sales Tax Oklahoma Illinois 246

Going Concern

OCTOBER 8, 2024

Another small accounting firm has reported a data breach involving the protected health information of a whole lotta people. a year which means the retail cost to cover 82,207 people for just a year would be more than $29 million. Surely the firm isn’t paying retail. In the case of DA&E, we don’t have to wonder.

accounting firms 111

accounting firms Hospitality Account accountant 111

Xero

JUNE 8, 2023

And with a new financial year around the corner, it’s no surprise that retailers are cleaning house in preparation. Hire a tax pro to save yourself time and money Every small business owner needs a helping hand at tax time – especially retailers – who are notorious for wearing many hats. Looking for more year-end tips?

Retail 102

Retail Tax bookkeeping payroll 102

Accounting Insight

JUNE 15, 2023

A new study has revealed that the UK accounting services sector has experienced consistent growth across the country, with increased demand for their services resulting in a 62% increase in new businesses in the sector since 2017. Birmingham also showed impressive growth in the sector as 1,017 new accountancy firms opened up over the period.

Account 105

Account accountant accounted accounting and finance 105

Snyder

DECEMBER 1, 2022

And basically, there are two strategies that can be of great help here – multichannel and omnichannel retailing. What is multichannel retail: Different bags for your eggs. What is omnichannel retail: The power of integration. Omnichannel retail strategy: How to win at omnichannel retail. Contents: 1.

E-commerce 96

E-commerce Retail Sales Technology 96

CPA Practice

JULY 28, 2023

Understanding how sales tax works is fundamental for every retailer. This is most likely to arise with sales of digital products or services — because retailers generally need a shipping address to deliver physical goods like a rolling pin. By Gail Cole Is sales tax based on shipping address or billing address?

Sales 98

Sales Retail Tax New Mexico 98

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. The recent budget has imposed significant challenges on businesses across the board, with the retail sector being particularly affected. The Chancellor has announced several policy changes and tax increases that will impact retail.

Retail 59

Retail E-commerce chartered accountant Tax 59

TaxConnex

JUNE 9, 2022

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. accountable for not collecting an appropriate amount of sales tax on the promotional gift cards given with certain purchases. Time for a renovation?

Sales 246

Sales Tax Colorado Massachusetts 246

GrowthForceBlog

DECEMBER 20, 2023

6 min read E-commerce sales accounted for 18.9% of total retail sales in 2022, they've been on the rise in 2023 , and e-commerce sales are estimated to reach 23% by 2027. Plus, e-commerce companies are poised for future success and growth, as the online retail market continues to expand.

E-commerce 87

E-commerce Account accountant accounted 87

TaxConnex

MARCH 26, 2024

Ensure you understand where you’ve established nexus to have an accurate account of where you may have a sales tax obligation. The purchaser – not the retailer – has the responsibility for determining whether or not a sale is exempt from tax. The retailer has the responsibility to determine the validity of the exemption certificate.

Sales 203

Sales Tax tax return Retail 203

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. Thank you to the more than 5,500 readers who participated in voting this year. Now, on to the results! WINNER: TheTaxBook – Tax Materials Inc.

Technology 119

Technology accounting firms cpas Account 119

CPA Practice

JULY 18, 2023

Worldwide retail ecommerce sales could reach $6.169 trillion in 2023 and comprise 22.3% of total retail sales. Code § 15-5-133 , freight costs incurred prior to retail sale are considered part of gross sales and therefore subject to tax. Is shipping taxable? They’re generally exempt when the sale is exempt.

Sales 98

Sales Retail Tax West Virginia 98

Going Concern

AUGUST 9, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. So here, take this tweet instead. Also how much they pay offshore staff.

accounting firms 104

accounting firms Account accountant accounted 104

CPA Practice

JUNE 28, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor, with your hosts, Randy Johnston, and Brian Tankersley. And September 1, all the accountant billed subscriptions are going to go through here. So Brian, I know you’ve done a lot of processing on this and so forth.

quickbooks 119

quickbooks Technology Account accountant 119

Basis 365

NOVEMBER 23, 2022

Holiday accounting requires special preparation. This time of year is a great time for retailers, but it can also be slow for service businesses. These are three small business accounting tips that will help you get through. It was the week before Christmas and all over town. Every business was busy Other than us. We are dead.

small business accounting 98

small business accounting business accounting Account accountant 98

Going Concern

JULY 11, 2022

KPMG’s global leadership has been accused by staff of failing to act on written complaints about the conduct of the chief executive of the accounting firm’s business in the United Arab Emirates, writes Financial Times. finishing up a Cosmo GC quiz: Is It Time to Break Up With Your Accounting Firm? masood_boomgaard – Kora Music.

audit 105

audit Account accountant accounted 105

TaxConnex

SEPTEMBER 17, 2020

Retail trade tax collections were also boosted by online out-of-state vendors and marketplace providers who did not have tax collection obligations a year ago, Comptroller Glenn Hegar said. Sales tax is the largest source of funding for the Texas budget, accounting for 59 percent of all tax collections. billion, up 0.2.

Oklahoma 244

Oklahoma Texas Kansas Tennessee 244

Going Concern

MAY 12, 2023

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. UK accounting sector needs to put more emphasis on its people [ AccountancyAge ] Across the UK, increasing turnover rates have been observed across barrios sectors.

CPA 111

CPA Account accountant accounted 111

Going Concern

AUGUST 1, 2024

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Accountingfly can help!

Real Estate 69

Real Estate Account accountant accounted 69

CPA Practice

JUNE 7, 2023

Kimberly Ellison-Taylor, CPA.CITP, CGMA 2023 Most Powerful Women in Accounting Chief Executive Officer KET Solutions, LLC How do you envision the accounting profession evolving in the foreseeable future for women? In order to maintain competitiveness and relevance, the accounting profession must continue to evolve. Why not And?

Maryland 98

Maryland Account accountant accounted 98

TaxConnex

MAY 7, 2024

Supporters, including brick-and-mortar retailers, reportedly said that the 8% rate for internet sales put them at a disadvantage as many of them operate in communities with higher combined sales taxes. The rate would be recalculated every five years. Voters throw a huge block. Sales and use will be the inaugural tax to be serviced.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264