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Four years since Wayfair: A trend takes hold

TaxConnex

Companies also wondered if they were collecting and remitting the correct sales tax – and if they were at risk for audit. California had sent letters to Amazon sellers saying that they may owe years of uncollected sales taxes and be facing audits. Sales taxes in the second quarter fared little better, plunging 9.8

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What happened in sales tax in 2022

TaxConnex

But others clung to hiking sale taxes: Kentucky considered gradually replacing its individual income tax with a broader sales tax. South Dakota rejected a proposal to cut the state sales tax. Florida seemed to be leading the way with proposed relief on a range of products from power tools to concert tickets.

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Eliminate Manual Work and Accelerate Accounts Receivable

CPA Practice

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Last Week in Payroll: Localization of Work

ThomsonReuters

The Iowa legislature passed a significant tax bill modifying the state’s income tax laws. The bill would reduce the number of tax brackets to four (currently, there are nine tax brackets) with new rates, effective beginning in 2023. Unemployment tax information for 2022 released.

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The Collaborative Accountant

CPA Practice

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The Hidden Gem to Firm Growth and Smoother Operations

CPA Practice

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How to Become a Financial Hero to Your SMB Clients

CPA Practice

million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use? million – $4,999,999 $5 million – $10,000,000 Over $10 million Which practice management system do you use?