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State Sales and Use Tax Update

TaxConnex

Sales tax accounted for the largest decline, falling $918 million, or 23 percent. Sales tax is the largest source of state funding for the Texas budget, accounting for 60 percent of all tax collections. New York City tax revenues in March and April fell $1.15 billion (3.5 percent) from the same period in 2019.

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Missouri Bill Reintroduces R&D Tax Credit and Changes to State and Local Tax Treatment and MO Works Program

Anders CPA

A Missouri bill, HB 2400, could affect businesses across the state with several provisions impacting the R&D tax credit, Missouri Works program, the State and Local Tax Parity Act and more. New Missouri R&D Tax Credit. Changes to the Missouri Works Program. State and Local Tax Opportunities.

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Recreational Marijuana Sales Start in Missouri

CPA Practice

Campbell was the first person at the Good Day Farm marijuana dispensary in the Central West End on the first day recreational-use marijuana was sold in Missouri. This was the opening weekend for recreational marijuana sales in Missouri. The new legalization was part of Amendment 3, which Missouri voters passed in November.

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What’s new in sales tax?

TaxConnex

The company was then referred by its tax advisors to an outside accountant who specialized in sales taxes, and the company applied for and was granted voluntary disclosure agreements to pay back taxes. The company ultimately paid $2 million in unpaid tax liabilities under various disclosures to 39 states, reports say.

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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

In Kansas City, the Royals of Major League Baseball and the Chiefs, last year’s winners of the National Football League Super Bowl, are threatening to leave the city after residents of Jackson County, Missouri, voted down a measure that would have helped fund a new ballpark and renovations to the Chiefs’ home Arrowhead Stadium.

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Professionals on the Move – Nov. 2024

CPA Practice

The annual Women to Watch award celebrates women in the public accounting profession and demonstrates to emerging leaders that success is within reach. With over 13 years of experience in the accounting industry, Lewandowski most recently held the role of Audit Director at BDO USA, LLP. Blue & Co.,

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States ease nexus thresholds

TaxConnex

Thresholds were established, filing forms and deadlines fixed and one by one states waited for the money to roll in (with Florida and Missouri among the latest of the 45, with Alaska perhaps soon to join them). In 2021, the Government Accountability Office estimated nationwide remote sales tax collections to be about $30 billion.