TaxConnex

JULY 9, 2024

Yet often we see differences between a client’s billing system and their tax reporting. You could be billing taxes within your billing system and yet haven’t filed a single sales tax return and haven’t tracked the tax data to be aware of a future filing obligation. Tax types and nexus pose other wrinkles.

Sales 264

Sales Tax Colorado tax return 264

TaxConnex

AUGUST 9, 2022

One of the biggest culprits in 2022: Florida, which expanded their sales tax holiday programs to five additional (“rather arbitrary”) categories in lieu of targeted, permanent reforms. Three new laws aim to give the Louisiana Sales and Use Tax Commission for Remote Sellers more authority and centralizing sales tax.

Sales 130

Sales Louisiana Tax Iowa 130

TaxConnex

MAY 11, 2021

In a few states, most notably Alabama, Colorado, and Louisiana, there are separate local level returns that you are required to file. Colorado alone has 73 home-rule jurisdictions each requiring their own sales tax return to be filed. Don’t get tripped up by specialty tax rates (non-sales tax rates).

Sales 162

Sales Tax Colorado tax return 162

Going Concern

NOVEMBER 8, 2024

The report also recommends that these private firms be limited to 400 partners, and that they be prevented from offering both audit and non-audit work – like consulting services – to the same client. The musician filed a complaint because the accounting firm’s employee failed to timely file tax returns from 2014-2018.

Florida 98

Florida Mississippi audit auditor 98

Going Concern

OCTOBER 20, 2023

AI PwC Offers Advice From Bots in Deal With ChatGPT Firm OpenAI [ Bloomberg ] PricewaterhouseCoopers LLP has teamed up with ChatGPT owner OpenAI to offer clients advice generated by artificial intelligence as the Big Four audit firms look to cut costs and boost productivity. CEO, Audit & Assurance, Deloitte & Touche LLP.

CPA 111

CPA quickbooks Real Estate auditor 111

CPA Practice

OCTOBER 18, 2023

Of the 45 states (plus the District of Columbia) that have a general sales tax, 10 stand out as being especially tricky for sales tax compliance: Arizona, California, Colorado, Florida, Illinois, Louisiana, Missouri, New York, Tennessee, and Texas. To illustrate the knottiness, here are some examples.

Sales 59

Sales South Dakota Tax Missouri 59

ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News.

payroll 98

payroll Missouri Virginia Delaware 98