Patriot Software

JULY 28, 2022

Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings).

Connecticut 97

Connecticut payroll 97

TaxConnex

AUGUST 15, 2024

Louisiana lets small private aircrafts soar tax-free, and Connecticut extends that to bigger planes. Sometimes, though, sales tax holidays just plain do good – like the fixed one in Connecticut on bike helmets, kids’ car seats, college textbooks, firearm safety devices, medical goods and pollution-control equipment, to name a few.

Sales 264

Sales South Dakota South Carolina Tax 264

CPA Practice

AUGUST 30, 2024

S Attorney’s Office for the District of Connecticut. Mark Legowski, 60, a self-employed accountant who did work filing tax returns in Farmington, underreported gross receipts from 2015 to 2017 as part of an effort to reduce his income tax liability, according to a news release from the U.

Connecticut 95

Connecticut tax return Tax income tax 95

TaxConnex

FEBRUARY 1, 2022

Three states – Arkansas , Connecticut and Indiana – have explored specifically taxing advertising on social media. Connecticut ’s levy of 10% tax on revenues for large platforms ($10B global) appears to have gone to a public hearing 10 months ago. New York ’s, a tax of 2.5-10%, 10%, is in a committee in that state’s Senate.

Maryland 244

Maryland West Virginia Tax Connecticut 244

TaxConnex

MARCH 3, 2022

In April 2021, the Connecticut General Assembly introduced?a to 10% of the annual gross revenues derived from digital advertising services in Connecticut, depending on the taxpayer’s global annual gross revenues. As in Indiana, employee services wouldn’t be subject to the tax.

Indiana 246

Indiana Connecticut Nebraska Maryland 246

TaxConnex

MAY 6, 2021

In the trendiest sales tax news (aside, of course, from Florida finally passing economic nexus legislation), Connecticut lawmakers have proposed a digital advertising services tax similar, experts say, to one recently enacted in Maryland.

Sales 246

Sales North Carolina Tax Maryland 246

TaxConnex

APRIL 9, 2024

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

Sales 264

Sales West Virginia Tax Virginia 264

TaxConnex

MAY 27, 2021

Alabama, California, Connecticut, Georgia and New York offer a half-dozen or more. Connecticut, Florida (which recently passed economic nexus that will be enacted this summer) and Louisiana accept certificates depending on where the product was packaged and shipped. Idaho and Pennsylvania, for instance, usually require one form.

Sales 243

Sales Tax Connecticut Idaho 243

CPA Practice

JANUARY 24, 2024

TNS) The IRS announced Monday that tax relief for individuals and businesses in flood-stricken parts of Connecticut would be made available. The IRS would also grant other areas in Connecticut relief, if they are later added to the federally recognizied disaster area. By Vincent Gabrielle, New Haven Register, Conn.

Connecticut 72

Connecticut tax return Tax income tax 72

CPA Practice

FEBRUARY 11, 2025

The top 10 accounting firm said Feb. 11 that the deal to buy CironeFriedberg strengthens its presence in the Northeast, creating "essential connections" between New York and Boston.

Connecticut 93

Connecticut New York accounting firms accounted 93

TaxConnex

NOVEMBER 2, 2021

Labels can also have “drug facts” that would likely trigger tax as a prescription or nonprescription drug (this could exempt the vitamins and supplements from state sales tax in some states like Alabama, Connecticut and Kansas and, in some cases, Oklahoma).

Sales 246

Sales West Virginia Tax Vermont 246

PYMNTS

SEPTEMBER 23, 2020

Like all the towns on the Connecticut shoreline, Guilford is centered around a village green. On its north side stands a picture-postcard, white-steepled church. To the east is another church and spire, this one made of carved granite taken from the local quarries.

Connecticut 72

Connecticut New York Sales Retail 72

TaxConnex

DECEMBER 10, 2020

This is the third time the state has pushed for faster tax remittance since 2015, reports added, and similar proposals have been seen in Connecticut, Nebraska, New York and Puerto Rico. The governor recently introduced a budget for the state’s next fiscal year that includes a plan to require businesses to remit sales tax faster.

Sales 240

Sales Tax Ohio Nebraska 240

CPA Practice

NOVEMBER 14, 2024

The agency has also been honored with awards from other reputable brands including The Recorder (California), Daily Report (Georgia), Texas Lawyer, National Law Journal (Midwest and Washington, DC), New Jersey Law Journal, New York Law Journal and Connecticut Law Tribune (New England). “We

Connecticut 98

Connecticut New Jersey Georgia accounted 98

PYMNTS

JANUARY 14, 2021

Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. Connecticut’s inquiry is just the latest antitrust probe by several state and federal authorities into how Amazon conducts its business.

Connecticut 69

Connecticut North Carolina Nebraska Iowa 69

TaxConnex

SEPTEMBER 7, 2021

Similarly, Connecticut has a reduced sales tax rate for SaaS when sold to businesses which is a different sales tax rate when sold to consumers. Variation in destination rules Even if you assume that sales tax applies at the destination for all interstate commerce, there are variations.

Texas 237

Texas Connecticut Real Estate Pennsylvania 237

TaxConnex

MARCH 1, 2022

In recent years, Connecticut, Maryland, and California toyed with levying state sales tax on accounting services but found it a tough fight in the face of intense lobbying from accountants’ groups. Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico.

South Dakota 246

South Dakota Sales West Virginia Tax 246

CPA Practice

NOVEMBER 5, 2024

The accounting problems came to light in April 2023, when Lovesac’s finance team found that approximately $2.2 million in invoices for products shipped during the 2023 fiscal year had not been recorded in Lovesac’s books and records until the first quarter of the 2024 fiscal year, according to the complaint.

general ledger 98

general ledger auditor Connecticut accounting principles 98

TaxConnex

JUNE 11, 2024

Sales tax registration is usually free or remarkably cheap ( Arizona seems to like the amount $12) though Connecticut charges $100. Some states do want security deposits (“bonds” in North Dakota ).

Sales 264

Sales Tax North Dakota Nebraska 264

TaxConnex

JANUARY 7, 2021

Connecticut recently hiked its sales-tax rate from 1% to 6.35% on most digital goods sold to consumers while maintaining the reduced rate of 1% when sold to businesses. Nebraska taxes sales of “content cards” or “digital release cards” that allow purchasers to download specific digital goods if the product is taxable in other circumstances.

North Carolina 246

North Carolina Technology Nebraska Alaska 246

CPA Practice

OCTOBER 17, 2024

Top 20 accounting firm Citrin Cooperman is expanding its presence in Connecticut and New England by acquiring Teplitzky & Co., Alan Badey “We are thrilled to add the preeminent healthcare accounting firm in the state of Connecticut to the Citrin Cooperman family,” Citrin Cooperman Advisors CEO Alan Badey said in a statement.

Connecticut 52

Connecticut Healthcare accounting firms audit 52

TaxConnex

MAY 10, 2022

Connecticut has ruled that online learning plans were not taxable digital goods. has become the second state this year to expand its sales tax exemption involving gold and silver. The exemption, covering all common forms of bullion, now runs until 2028.

Sales 242

Sales Mississippi Tax Non-Profits 242

TaxConnex

DECEMBER 14, 2023

Connecticut makes it easy: They levy sales tax on dozens of services, almost any you could name, from cleaning windows, pools and clothes to lobbying, flight instruction and private investigation. In Minnesota , the service of delivery of aggregate materials is exempt if the materials are for road construction.

West Virginia 264

West Virginia Virginia Kentucky Minnesota 264

TaxConnex

AUGUST 30, 2022

Hawaii and Connecticut are two other states that cast the tax net wide when it comes to software and apps. Maryland (a state famous for spearheading efforts to levy sales tax on digital advertising ) also recently broadened its sales and use tax definition to include apps. Subject to sales tax’.

Sales 246

Sales Tax Wisconsin Massachusetts 246

TaxConnex

JUNE 17, 2021

Connecticut: Medical marijuana is only subject to the statewide 6.35% sales tax and there is no additional excise tax. Additionally, local jurisdictions can levy an additional “business tax” or excise tax of up to 15%. Medical marijuana is sales tax exempt but the statewide excise tax and the local business tax/excise tax applies as well.

Legal 225

Legal Illinois Nevada Oregon 225

Accounting Today

MAY 24, 2024

Connecticut Society of CPAs installs board of directors; CohnReznick establishes merger integration and carve-out services practice; and more news from across the profession.

Connecticut 122

Connecticut cpas Tax 122

TaxConnex

APRIL 5, 2022

Connecticut taxes SaaS, but at a reduced rate when sold to a business. SaaS is currently taxable for sales tax purposes in roughly half the states. In addition to the taxability rules state-by-state, there are additional nuances within some states. Texas exempts 20% of the SaaS charge.

North Carolina 241

North Carolina New York Connecticut Colorado 241

TaxConnex

JANUARY 16, 2024

This includes whether you’re selling to a business or a consumer (as in Iowa, Maryland and Ohio), unique state sales tax rates (Connecticut), home-rule jurisdictions (Colorado and Illinois), partial exemptions (Texas), to name a few. Many nuances affect sales tax and SaaS in various states.

Iowa 264

Iowa Connecticut Maryland Colorado 264

Accounting Today

JANUARY 24, 2024

The IRS is pushing back payment and filing deadlines for those hit by January weather.

Connecticut 78

Connecticut Tax 78

TaxConnex

NOVEMBER 14, 2023

It might be easy in a state like Connecticut where you have a flat rate across the whole state and just report overall revenue and overall tax. Next you’ll need to set up a filing process, meaning you’ll need the right data out of your system and know how to interpret that data for a variety of states’ requirements.

Sales 262

Sales Tax Connecticut Colorado 262

TaxConnex

MARCH 10, 2022

Though some states are repealing sales taxes on a few services, other states – notably Indiana, Nebraska, Connecticut and perhaps West Virginia – look to expand sales tax by taxing what has historically been an untaxed source of income. Services are increasingly tempting for states looking to levy more sales tax.

South Dakota 262

South Dakota Sales Tax Maryland 262

PYMNTS

JUNE 24, 2020

With coronavirus infection rates soaring in the Sunbelt, the governors of New York, Connecticut and New Jersey are teaming up to slap a 14-day quarantine on travelers from states where the deadly virus is spiking. Phil Murphy and Connecticut Gov. New York Gov. Andrew Cuomo, New Jersey Gov.

New York 91

New York New Jersey Connecticut South Carolina 91

TaxConnex

FEBRUARY 22, 2022

For instance, Connecticut taxes SaaS, but at a reduced 1% rate when sold to a business. In other words, one state may tax software delivered physically and also tax SaaS but not tax software downloaded electronically. Another state may tax SaaS but not downloaded or physically delivered software. Then there are nuances within some states.

Sales 246

Sales Tax North Carolina Mississippi 246

TaxConnex

MARCH 9, 2023

Elsewhere, proposed legislation in the Connecticut House ( HB 5673 ) and Senate ( SB 351 ) would establish a 10% tax on the annual gross revenues of certain businesses. Similar proposals were introduced in Connecticut during the 2021 legislative session. The bills are in committee.

Sales 147

Sales Indiana Tax Massachusetts 147

Withum

MAY 12, 2022

Megan is an active member of her community, having served as President of the Connecticut Chapter of Healthcare Financial Management Association and currently volunteers for Junior Achievement at her local elementary school. Based in Connecticut, Megan is also a member of the Connecticut Society of CPAs (CTCPA).

Connecticut 98

Connecticut Healthcare audit cpas 98

TaxConnex

NOVEMBER 12, 2020

A few examples are referenced below: Connecticut taxes SaaS as does Texas. However, Connecticut applies a reduced 1% tax rate on SaaS provided it is sold to a business; otherwise the standard sales tax rate applies. Although SaaS is currently taxable for sales tax purposes in roughly half the states.).

Technology 147

Technology Sales Tax South Dakota 147

Accounting Today

JANUARY 16, 2024

The New York-based Top 20 Firm has acquired a firm headquartered in Farmington, Connecticut.

Connecticut 97

Connecticut New York 97