CPA Practice

MARCH 26, 2024

Florida governor Ron DeSantis signed a bill on March 25 blocking most kids from social media websites, setting up an expected court battle that could prevent the legislation from ever taking effect. By Lawrence Mower , Tampa Bay Times (via TNS). Kids 14 and 15 would need parents’ consent. This bill is a blatant act of government overreach.”

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CPA Practice

MAY 26, 2023

On Thursday, May 25, Governor Ron DeSantis of Florida signed a bill to approve legislation that provides six sales tax holidays in the state. The bill also establishes numerous new permanent Florida sales tax exemptions. With additional reporting by CPA Practice Advisor staff. reconfigure their point-of-sale systems, etc.).

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CPA Practice

AUGUST 17, 2023

While choosing to retire in Florida isn’t the best choice for everyone, relocating to the Sunshine State comes with its share of benefits. Of course, some people move to Florida for the warm weather and plentiful beaches, but that’s not all the state has to offer. But you may be wondering where in Florida other retirees are going.

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Withum

MARCH 14, 2024

Withum is proud to share that Russell Goldberg , Partner in Charge of Withum’s Orlando Office , has been inducted into the University of Central Florida College of Business Hall of Fame. Russell is a proud graduate of the University of Central Florida (UCF) Kenneth G. Dixon School of Accounting.

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CPA Practice

JANUARY 26, 2024

A Florida woman was sentenced on Jan. Handberg for the Middle District of Florida made the announcement. Frein for the Middle District of Florida prosecuted the tax case. 23, 2024, to two years in prison for a scheme to file false tax returns, and to two years in prison for an unrelated online romance scam. Attorney Kevin C.

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CPA Practice

MARCH 2, 2023

A Broward County, Florida, man convicted of buying a Lamborghini and other luxury goods with $2 million in U.S. It’s not the Lamborghini or the million dollar home that will inspire the world but the trials and tribulations you overcame,” Barosy, who was born in Haiti and immigrated to South Florida as a teen, wrote in one post.

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CPA Practice

JUNE 13, 2024

Florida Department of Business and Professional Regulation Secretary Melanie Griffin was on hand at Universal Orlando’s Loews Sapphire Falls Resort to congratulate all 22 Women to Watch nominees and serve as the Women’s Leadership Summit’s keynote speaker.

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Going Concern

NOVEMBER 8, 2024

“Our team will continue to grow as we strengthen our South Florida operations,” he added. .” “Our team will continue to grow as we strengthen our South Florida operations,” he added. appeared first on Going Concern.

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Withum

JANUARY 30, 2023

Withum is proud to share that Torrey Hill and Ryan Kelly were selected to participate in the Florida Institute of Certified Public Accountants (FICPA) Leadership Academy. About the FICPA Founded in 1905, the Florida Institute of Certified Public Accountants is the premier professional association representing CPAs in Florida.

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CPA Practice

JUNE 21, 2024

A Florida man pleaded guilty yesterday to evading taxes on income he earned from commercial fishing in Massachusetts.

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Withum

NOVEMBER 22, 2024

Withum is proud to announce the grand opening of its new larger office in Boca Raton, Florida , located at One Boca Place, 2255 Glades Road. Growing our presence in Boca Raton is a key milestone for Withum, reflecting our expanding client base in South Florida.

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TaxConnex

NOVEMBER 2, 2021

On the flip side, obvious candy coating on a nutrition bar doesn’t matter and the product is still considered a tax-exempt dietary supplement in Florida. The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming.

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CPA Practice

AUGUST 18, 2023

Rendon is among thousands of people in South Florida and other parts of the country who have been accused of exploiting the SBA’s relief programs for businesses that faced hardship during the COVID-19 pandemic between 2020 and 2022.

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TaxConnex

APRIL 12, 2022

Florida seems to be leading the way, proposing sales tax holidays and other short- and long-term tax relief on a broad range of products. A similar bill in Florida died in senate committee. Here’s a review of some of the recent changes and updates. Give us a break. Additional Updates.

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TaxConnex

FEBRUARY 9, 2021

Florida and Missouri have sales tax but have not adopted economic nexus standards. Florida is the other state that collects sales tax but has yet to enact economic nexus laws , following only physical nexus?requirements Florida tax revenue relies heavily on tourism , an industry hurt by the pandemic. No sales tax but….

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TaxConnex

DECEMBER 10, 2020

Other recent sales tax updates you should be aware of: Florida lawmakers are warming to an online sales tax as the pandemic both hammers Tallahassee’s tax revenue and drives more shoppers to the internet. Nothing has changed yet, but one can expect that Florida may change their tune over the next year. billion budget shortfall.

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TaxConnex

JANUARY 3, 2023

The Show Me State follows on the heels of Florida , where economic nexus kicked in mid-2021, with a revenue threshold of $100,000 of sales into the state during the previous calendar year. Missouri becomes the last such state on Jan.

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Going Concern

FEBRUARY 10, 2023

Ron DeSantis, the Florida Legislature revoked Walt Disney World’s designation as a special tax district — a privilege that Disney held for 55 years, effectively allowing the company to self-govern its 25,000-acre theme park complex. DeSantis Gains Control of Tax Board Overseeing Disney World [ New York Times ] Last year, at the urging of Gov.

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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.

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Accounting Today

FEBRUARY 14, 2024

Leaving Washington state, which in 2022 introduced a 7% tax on capital gains, could have saved Bezos $288 million in taxes after he unloaded $4 billion of Amazon.com stock in the past week.

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TaxConnex

JULY 6, 2021

T he Show Me State follows on the heels of Florida , where economic nexus kicked in as of July 1 for remote sellers and marketplace facilitators. Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. Missouri Gov.

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TaxConnex

JULY 8, 2021

States in the path of hurricanes, such as Alabama, Florida, Texas, and others, offer holidays for disaster preparedness and exempt supplies for emergencies. For example, Florida recently extended the state’s Back to School sales tax holiday and created a “Freedom Week” sales tax holiday for July 1 to July 7 this year.

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TaxConnex

JULY 25, 2023

Some states have communications-specific taxes such as Florida whose communications service tax is inclusive of the state sales tax and a communications-specific tax that applies to telecom. The Florida CST can be up to 15 percent, so it can be a rich revenue source for jurisdictions. to 7 percent.

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TaxConnex

MAY 26, 2022

In Florida, they expire annually, for instance; still other states say a resale certificate is valid until it’s revoked. In some states they can be customized, and in Florida you can use a printable online template. They must also be signed and dated. At a minimum, you should consider an exemption form expired after three years.

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TaxConnex

APRIL 8, 2021

Two of those states that have a state-wide sales tax, Missouri and Florida, have yet to adopt economic nexus standards set by the 2018 South Dakota v. Florida is in a similar situation with a huge hit to state revenue due to the drop in tourism because of the pandemic and are looking to economic nexus to help make up the losses.

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Going Concern

OCTOBER 9, 2024

Hurricane Milton is expected to make landfall in Florida later today or early Thursday and as such, Prometric testing centers in and around Tampa have begun shuttering up. The post PSA to Florida CPA Candidates: Milton Might Close Your Testing Center appeared first on Going Concern. Please be safe and don’t do anything stupid.

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TaxConnex

JANUARY 27, 2022

In the three calendar years following the Supreme Court’s 2018 Wayfair decision, the last of the states with a sales tax (Florida and Missouri) finally passed economic nexus legislation. (In Arkansas, Kansas, Pennsylvania, Tennessee, Texas and Florida were the latest states to report sales tax revenue shattering predictions.

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TaxConnex

AUGUST 15, 2024

In Florida, you can get a tax break for displaying a cow on your property. General tax laws are strange. Maybe sales tax laws make more sense? You can be the judge of that. You can get a big tax break in New Mexico if you just live to 100. Louisiana lets small private aircrafts soar tax-free, and Connecticut extends that to bigger planes.

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TaxConnex

JANUARY 18, 2024

For instance, economic nexus kicked in a year ago in Missouri , which followed Florida as the last state with an a statewide sales tax to enforce economic nexus. New nexus requirements On the flip side, some states are either embracing new economic rules or inching toward them despite a history of no state-wide sales tax.

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TaxConnex

FEBRUARY 8, 2024

Despite the sometimes controversial nature of these tax breaks they continue to be offered in many states, with Florida leading the way. Take sales tax holidays, which have exploded in recent years on everything from school backpacks to gun-safety equipment.

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TaxConnex

APRIL 19, 2022

More recently, governors in Colorado and Florida expressed openness to accepting crypto for paying taxes. Florida Gov. Ohio tried accepting crypto for taxes four years ago but soon abandoned the idea. Central Bank.

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TaxConnex

JUNE 21, 2022

Of all states with a sales tax, only Florida and Missouri remained holdouts when it came to enforcing economic nexus for out-of-state sellers. Florida and Missouri recently completed the lineup of states with a sales tax that enforce economic nexus. States didn’t seem sure for a while. Wayfair tax obligations here to stay.

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TaxConnex

MAY 25, 2021

Forty-four states ( Counting Florida , starting in July) and the District of Columbia (with more likely on the way) enforce economic nexus. is $100,000 in sales or 200 transactions in the previous or current calendar year. Remote sellers who sell above those quantities in South Dakota must collect sales tax and remit it to the state.

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TaxConnex

JUNE 30, 2022

This becomes important when a state has both marketplace facilitator laws and economic nexus laws (which is of course now most states), though some states, like Florida , do not count sales through a marketplace facilitator when determining the threshold for economic nexus.

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TaxConnex

JUNE 14, 2022

This becomes important when a state has both marketplace facilitator laws and economic nexus laws (which is of course now most states), though some states, like Florida , do not count sales through a marketplace facilitator when determining the threshold for economic nexus.

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TaxConnex

JUNE 20, 2023

Thresholds were established, filing forms and deadlines fixed and one by one states waited for the money to roll in (with Florida and Missouri among the latest of the 45, with Alaska perhaps soon to join them). And the money did roll in for a while, especially during the pandemic when eCommerce exploded.

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TaxConnex

MAY 10, 2022

Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates.

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