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Half a dozen ways to mismanage sales tax | TaxConnex

TaxConnex

Sales tax compliance has many moving parts, not just in the filing but in everything that goes into making sure you stay on the legal side of the jurisdictions where you have sales tax nexus. Billing systems You charge the customers sales tax for online purchases, they pay and you remit the money to the tax jurisdictions.

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Sales tax and nonprofits

TaxConnex

Nonprofits are often thought to be exempt from sales taxes, but is that correct? Other stats say more than 2 million charities exist that are tax-exempt according to Internal Revenue Service rules. Are non-profits exempt from sales tax obligations? These same organizations are not necessarily exempt from sales tax.

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Monday Morning Accounting News Brief: Feds Raid PwC; Big 4 Wants to Be Like Grant Thornton!? | 11.4.24

Going Concern

.” Australian federal police officers have commenced a search for documents at the headquarters of PwC Australia in response to the damaging tax leaks scandal. Treasury referred the matter – which relates to the sharing of confidential multinational tax proposals within the firm – to police in May last year.

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How to manage sales tax obligations

TaxConnex

So you’ve done the smart thing and determined that your company has sales tax obligations in various states. Now you must collect, file, and remit sales tax in multiple states. You then need to create a billing process to apply tax to your invoice, manage your sales tax-exemption certificates and prepare and file sales tax returns.

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IRS Help: Your Solution to Tax Problems Starts Here

MyIRSRelief

Whether its unfiled tax returns, overwhelming back taxes, an audit, payroll issues, or aggressive IRS actions like levies, you dont have to navigate this stressful situation alone. Our tax representation firm is here to provide you with expert assistance, reliable solutions, and the peace of mind you deserve.

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Sales Tax Issues for Online Retailers

Withum

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g.,

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Friday Footnotes: PwC Is Tops in M&A Advisory; What You Can Do With a MAcc; EY Consolidates in LatAm | 4.28.23

Going Concern

News The leak that puts a multibillion-dollar industry at risk [ Sydney Morning Herald ] A foolish attempt to help multinational companies avoid paying tax in Australia has spectacularly backfired on the multibillion-dollar professional services industry, infuriating Canberra and potentially costing these high-profile firms billions in fees.