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Sales tax and nonprofits

TaxConnex

Also in Illinois, not-for-profit hospitals and nursing homes that qualify as exclusively charitable institutions are not subject to sales tax when selling food or medicine to their patients; and hospital dining facilities not open to the general public are also exempt. How important are these certificates?

Sales 147
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How to validate a resale certificate

TaxConnex

Sans a valid exemption/resale certificate, an auditor examining your records one day might conclude that a transaction was taxable when you claim it wasnt and that you collected and remitted no sales tax on it. The responsibility to determine the validity of the exemption certificate , though, rests with you the business.

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Former KPMG Employee’s Parents Awarded $6.5 Million In Wrongful Death Lawsuit

Going Concern

million by a jury in Cumberland County, ME, last week after deciding that a Mercy Hospital doctor had failed to accurately diagnose Smith after repeated visits. Henson, Mercy Hospital, and Northern Light Health, which owns Mercy Hospital and nine other hospitals in Maine, in April 2021, according to the Bangor Daily News.

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Unmasking Fraud: How Forensic Accounting Protects the Hospitality Industry

Withum

Forensic investigations in the hospitality industry are essential for identifying and preventing fraudulent activities. The hospitality industry is a prime target for fraudsters due to the high volume of transactions and personally identifiable information (PII). A total of 52 cases in the sector were recorded as part of the report.

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Top Remote Accountants of the Week | October 3, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs.

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Top Remote Accountants of the Week | September 5, 2024

Going Concern

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs.

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Top Remote Accountants of the Week | August 29, 2024

Going Concern

Are you struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can help! With our Always-On Recruiting service, access a pool of top remote accounting candidates without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.