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Services: Taxable or not?

TaxConnex

Figuring out sales tax obligations for goods (aka, tangible personal property, or TPP) is the less-hard part; you merely have to bear in mind that every state that taxes TPP does it a little differently. Services, on the other hand, are the hard calculation. States also tax services with nuance.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

In Florida, the purchaser must also have the option of picking the item up or arranging for third-party transportation services on its own. When shipping to a retailer, sales tax is incurred in Idaho no matter where “shipping” appears on an invoice. Special conditions can apply even if shipping is stated separately.

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IRS Extends Tax Deadlines for Hurricane Debby Victims in the Southeast

Withum

On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.

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Justice Department Continues Efforts to Stop Fraudulent Tax Preparers

CPA Practice

In August 2022, Guy Telfort, a Fort Lauderdale tax preparer, was sentenced to 13 months in prison for continuing to prepare and file tax returns with the IRS in violation of a federal court order barring him from doing so. Examples of civil injunctions obtained by the Tax Division over the last year include: On Jan.

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Why You Should Hire an Experienced Florida Accountant

xendoo

You can’t discount the value and simplicity that these services can offer, but how can you be confident that these services will understand your local business or Florida state law? Unfortunately, accounting software is similarly generic and can only take you so far in navigating the needs of local Florida businesses.

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Federal Government Extends Deadlines for Hurricane Ian Victims, States Extensions Are Unclear

Withum

Last week, the Federal Government released guidance allowing certain federal tax filings and payments to be extended until February 15, 2023, for the victims of Hurricane Ian. Individuals and households affected by Hurricane Ian that reside anywhere in Florida qualify for tax relief. Who can obtain relief (i.e., Contact Us.

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Tax Framework Released: Tax Relief for American Families and Workers Act of 2024

Withum

Butler (D) Butler (202) 224-3841 California Alex Padilla (D) Padilla (202) 224-3553 Florida Marco Rubio (R) Rubio (202) 224-3041 Florida Rick Scott (R) Scott (202) 224-5274 New Jersey Cory A. Let’s Chat The post Tax Framework Released: Tax Relief for American Families and Workers Act of 2024 appeared first on Withum.

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