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States ease nexus thresholds

TaxConnex

As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds.

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2024: What’s coming up in sales tax

TaxConnex

Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. In 2021, Wisconsin and Maine both removed their transaction threshold; in 2023, South Dakota and Louisiana joined suit.

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As Wayfair turns 6, what’s happening with economic nexus? (part 1)

TaxConnex

vs. North Dakota and decreed that physical presence in the internet age is no longer all that’s required to create nexus. Wayfair was something new. Voting 5-4, the Supreme Court overturned its 1992 decision in Quill Corp. Clearer tax landscape? ever join the rest of the world in having one national sales tax?

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Happy fifth birthday, Wayfair, as your rules keep changing

TaxConnex

South Dakota, for example, is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. The birth-state of Wayfair joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds.

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AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award

CPA Practice

Aaron Gibson (Virginia), a graduate of The University of Texas at Austin with a Bachelor of Business Administration in finance and a Master of Accountancy from University of North Dakota, is employed with Washington Gas Light Company in Washington, DC.

CPA 128
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Monday Morning Accounting News Brief: Blaming PwC’s Bro Culture; How Do We Do Office Professional Now? | 10.2.23

Going Concern

The AICPA has released a quality management practice aid , Establishing and Maintaining a System of Quality Management for a CPA Firm’s Accounting and Auditing Practice , and it is available in versions for sole practitioners and for small- and medium-sized firms. 1, A Firm’s System of Quality Management.

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AICPA News – June 2023

CPA Practice

Aaron Gibson (Virginia), a graduate of The University of Texas at Austin with a Bachelor of Business Administration in finance and a Master of Accountancy from University of North Dakota, is employed with Washington Gas Light Company in Washington, DC.