TaxConnex
OCTOBER 15, 2024
The customer will ask the retailer to ship the piece to them in another state, maybe a state like New Hampshire that doesn’t have a sales or a use tax. If the retailer agrees and the product is in fact boxed and shipped to New Hampshire, there’s a good chance that will be a transaction exempt from sales tax.
CPA Practice
NOVEMBER 5, 2024
4—Furniture retailer Lovesac has agreed to pay $1.5 The scheme included Dellomo’s submission of a “false and misleading” management representation letter to Lovesac’s outside auditor, according to the lawsuit. By Paul Schott The Middletown Press, Conn. The employee’s report triggered an internal investigation, the lawsuit said.
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TaxConnex
JULY 9, 2024
States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees. Regarding reconciliation of data to your sales tax returns, auditors don’t generally look at returns, but you still should prepare your return as accurately as possible. Double-check the presentation of your invoices.
TaxConnex
DECEMBER 10, 2020
The case was referred to investigators after an auditor found that the business hadn’t filed quarterly sales tax returns or remitted sales tax collected for that period. In another case, Ohio AG Dave Yost is trying to crack down on online retailers of beer and wine with a recent injunction in federal court this week.
Going Concern
MARCH 31, 2023
auditors who believe their part of the firm could end up weakened by a deal. For creditors who decide to sue the retailer, the plan proposes a discount of 80% to be paid in March 2043. John King and Frank Mahoney, senior U.S. He previously held various tax roles at KPMG.
CPA Practice
NOVEMBER 19, 2024
Predictive analytics that actually work: Picture this: You’re auditing a retail chain, and your AI assistant has already analyzed the company’s transaction data against weather patterns, local events, and market trends. The evolving role of auditors Future auditors aren’t being replaced—they’re being empowered.
TaxConnex
OCTOBER 27, 2020
When states refer to a "sales tax", they usually mean the tax charged to the customer by an in-state retailer at the time a taxable transaction occurs. As a privilege tax, the tax is imposed on the retailer for the privilege of doing business in the state. Sales taxes can either be a "privilege tax" or an "excise tax."
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