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

SEPTEMBER 7, 2023

Any sales tax exemption for a nonprofit depends on the transaction’s relation to the organization’s main mission. Location, location, location 501(c)(3) organizations are exempt from sales tax on their purchases in Colorado and in Utah. Most states, like Michigan , require special registration for exemption.

Sales 147

Sales Tax Non-Profits North Carolina 147

TaxConnex

OCTOBER 4, 2022

Your compliance process should start with identifying sales tax nexus and determining taxability of your products and services in those states where you have sales tax nexus. 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.

Sales 130

Sales Tax tax return Colorado 130

Going Concern

FEBRUARY 9, 2024

IRS warns tax professionals to be aware of EFIN scam email; special webinars offered next week [ IRS ] The IRS warned that scammers are posing as tax software providers and requesting EFIN documents from tax professionals under the guise of a required verification to transmit tax returns.

Technology 104

Technology Colorado audit cpa firm 104

CPA Practice

SEPTEMBER 12, 2024

In that role, she was responsible for analyzing, researching, and responding to client inquiries nationwide, with a primary focus on sales and use taxes across all states and localities. Matt holds a Masters in Accounting and an MBA from the University of Colorado. All promotions were effective June 1, 2024.

Kansas 104

Kansas Pennsylvania audit accounting and finance 104

Going Concern

SEPTEMBER 1, 2023

Audit Battle lines drawn over auditors’ role in combating fraud [ AccountancyAge “Patisserie Valerie pushed the issue of auditor responsibility [for fraud detection] to the fore after so many accounting scandals. Despite receiving the completed and accurate tax returns from the accounting firm, Patrick did not file them with the IRS.

accountant 111

accountant Account accounted audit 111

TaxConnex

NOVEMBER 12, 2024

Seven states made up 60% of out-of-state audits in the survey: Alabama, Arizona, California, Colorado, Georgia, New York and Texas. Whatever the reason and however the method, audits are a worry, according to our own latest annual sales tax survey of top finance execs. of businesses had an audit from out-of-state. Review the paperwork.

audit 113

audit Sales Tax auditor 113