TaxConnex

DECEMBER 28, 2023

For example, in Georgia effective this Jan. 1 sales of specified digital products, goods and codes sold to an end user in the state are subject to Georgia sales and use tax. Specified digital products” means digital audio-visual works, digital audio works or digital books.

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Accounting Today

SEPTEMBER 13, 2023

The IRS is pushing back filing and payment deadlines for those impacted by the storm.

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CPA Practice

JANUARY 31, 2023

More than 100 members of The Georgia Society of Certified Public Accountants (GSCPA) recently met at the state Capitol to share their thoughts on important issues facing the accounting profession with their elected officials. Chairman David Knight and each member of the Georgia CPA Caucus: Chairman John Carson, Rep.

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TaxConnex

SEPTEMBER 10, 2024

The lowest state-level sales tax (aside from the NOMADs) is in Colorado, Alabama, Georgia, Hawaii, New York and Wyoming. The highest state-level rates are in California, Indiana, Mississippi, Rhode Island and Tennessee.

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TaxConnex

FEBRUARY 8, 2024

In Georgia now, sales of specified digital products, goods and codes sold to an end user in the state are now subject to the state’s sales and use tax under certain conditions. Tracking your sales tax obligations on food is especially tricky as a galaxy of conditions – does the food contain sugar or chocolate? is it grown locally?

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TaxConnex

NOVEMBER 2, 2021

In Arkansas, Arizona, Georgia and other states, these products are simply not considered “food” and are generally taxable. 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. Sometimes the label doesn’t matter at all.

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Accounting Today

OCTOBER 6, 2022

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Accounting Today

JUNE 2, 2022

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CPA Practice

DECEMBER 3, 2024

Staff reports The Albany Herald, Ga. TNS) ATHENS, GA (Nov. 27)—A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to 30 years in prison for her crime.

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TaxConnex

JULY 12, 2022

Georgia has amended the exemption from sales and use tax on the sale or lease of computer equipment to be used by qualifying Georgia high-tech companies. The legislation extends the sunset date for this exemption to Dec. 1, 2024.

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TaxConnex

NOVEMBER 14, 2024

For instance, if the sale above involved Georgia instead of Illinois, the South Carolina retailer could have just issued to the distributer a Georgia resale certificate with their South Carolina sales and use tax registration number on it to exempt this transaction from Georgia use tax.

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CPA Practice

SEPTEMBER 14, 2023

Marking its 10th anniversary, the 2023 Georgia Accounting Food Fight has concluded with resounding success, further cementing its commitment to ending hunger across the state. Through our Food Fight initiative, CPAs raised $347,537, ensuring food security for many across Georgia. million meals. million meals.

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TaxConnex

JANUARY 5, 2021

States like Georgia, will accept the retailer’s home state resale exemption certificate while California requires a California resale exemption certificate. States similar to California present a challenge as the only way to provide a valid resale exemption certificate is to register for sales tax purposes in the state.

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CPA Practice

DECEMBER 22, 2023

A Georgia man was sentenced on December 19 to two years in prison for evading his personal federal income taxes. In 2015, Patel purchased a franchise of the business in Claxton, Georgia. In 2015, Patel purchased a franchise of the business in Claxton, Georgia. million in income – including almost $1.18 Attorney Jill E.

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TaxConnex

DECEMBER 5, 2023

In recent years IHRSA lent its voice to prevent imposition of sales taxes on health club memberships in Maine, Pennsylvania, West Virginia, Wyoming, Georgia and Arizona. Instead, policymakers should be actively encouraging physical activity,” the organization contends.

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South Carolina Sales Tax West Virginia 264

Withum

AUGUST 14, 2024

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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Accounting Today

SEPTEMBER 13, 2024

Plus, CohnReznick expands its valuation practice, Herbein adds a director of business development, and Abdo and Mercadien each announce a wave of promotions.

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TaxConnex

FEBRUARY 25, 2021

A number of states - including Colorado, Georgia, Pennsylvania and Washington and more - have chosen to offer remote sellers the option of complying with strict use tax notification and reporting requirements rather than registering for sales tax under nexus provisions. Use tax or sales tax is due on a sale, but not both.

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TaxConnex

AUGUST 23, 2022

We are excited to announce that we have been chosen by the Georgia Society of CPAs to speak at two events this fall and exhibit at this week’s Southeastern Accounting Show ! “We The Southeastern Accounting Show is this week (August 24-25) at the Cobb Galleria in Atlanta, Georgia.

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TaxConnex

AUGUST 24, 2021

If you are selling through a marketplace, the majority of states now have these laws in place, including, recently , Georgia, Florida, Hawaii, Wisconsin, Illinois, Michigan, South Carolina and North Carolina. Devil in the details.

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Accounting Today

OCTOBER 31, 2024

The Georgia accountants were sentenced to periods of supervised release and have to pay millions in restitution.

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TaxConnex

OCTOBER 7, 2021

In Georgia , tax collections were up 12.7% The growth rate for all Tennessee taxes in August was 22.11 Sales tax revenues and state corporate tax receipts (franchise and excise taxes) both posted substantial growth. in August year over year. The gross sales tax take finished 15.9% over August 2020; income tax collections were up 13.9%.

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CPA Practice

OCTOBER 2, 2024

Gorowitz Accounting & Tax Services has acquired fellow Georgia CPA firm Reed, Quinn & McClure. Alpharetta, GA-based CPA and business advisory firm S.J. Financial terms of the deal weren’t disclosed. According to S.J.

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Going Concern

DECEMBER 9, 2022

In Georgia, audit managers and tax managers are expected to see salaries rise 22.2%, while tax directors are projected to have a bump in pay between 7.1% Georgia: $50,000-$75,000. Georgia: $65,000-$95,000. Georgia: $110,000-$150,000. Georgia: $150,000-$200,000. Georgia: $60,000-$75,000. DMV: $55,000-$70,000.

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TaxConnex

MAY 26, 2022

Georgia, where TaxConnex is headquartered, allows for an out-of-state resale exemption certificate in this situation. There are approximately 10-15 states that operate similar to Illinois; however, many states will allow an out-of-state resale exemption certificate in a drop shipment transaction. Resale Exemption Certificates.

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TaxConnex

MAY 27, 2021

Alabama, California, Connecticut, Georgia and New York offer a half-dozen or more. A glance at the number and variety of tax exemption forms for resale shows that some states might be simpler to deal with than others. Idaho and Pennsylvania, for instance, usually require one form. Texas offers nine different forms.

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PYMNTS

MAY 3, 2020

began to get its early actual data (as opposed to theoretical predictions) as Alaska, Georgia, North Dakota, South Carolina, Tennessee and Texas and all began lifting some of the stricter parts of the social distancing regulations to allow slightly more social mobility, according to CNN. But starting last weekend, the U.S.

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Cherry Bekaert

APRIL 22, 2024

However, all job creation incentives typically require: 1) A minimum net job increase 2) Maintained jobs 3) Operations in certain industries or activities Jobs Tax Credits may be claimed on a retroactive basis in Georgia, South Carolina, Mississippi, Tennessee and Virginia in any open tax years.

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TaxConnex

DECEMBER 7, 2023

In Georgia , effective this Jan. State updates California has expanded its sales and use tax exemption for new, used or remanufactured trucks and new or remanufactured trailers or semitrailers delivered to a purchaser in state for use in interstate commerce to include used trailers or semitrailers.

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PYMNTS

AUGUST 7, 2020

District Court for the Northern District of Georgia with fraudulently obtaining more than $4 million in PPP loans. The accused include Darrell Thomas, 34, of Johns Creek, Georgia; Andre Lee Gaines, 66, of Dallas, Georgia; Kahlil Gibran Green Sr., Rabbitt of the Justice Department’s Criminal Division. Justice Department.

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TaxConnex

SEPTEMBER 30, 2021

Georgia hits you with about 5% of the tax due per month; file a phony return and you’re on the hook for half the tax due. Filing a return late by 60 days or less in the Empire State will cost you 10% of the tax due for the first month plus 1% for each additional month or part of a month up to 30% of the tax due.

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DentalAccounting

APRIL 13, 2020

To support his dental clients, Lee is also a member of the Dental Accounting Association , Certified Tax Coach (CTC) and Georgia Society of Certified Public Accountants. Lee has operated his own CPA practice for over twenty years. Previously, Lee worked for Southern Company.

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CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 24 in Georgia; Sept. 22, 2024, in Alabama; Sept. 23 in Florida; Sept.

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TaxConnex

APRIL 6, 2021

Georgia lawmakers have introduced H.B. 594 , which would impose the Georgia sales tax on digital goods or services. Municipalities in Alaska, which has no statewide sales tax, have begun banding together to impose tax on remote online sales into their jurisdictions.

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CPA Practice

OCTOBER 10, 2024

3 that was attended by members from the Georgia Society of CPAs, North Carolina Association of CPAs, South Carolina Association of CPAs, Tennessee Society of CPAs, and the Virginia Society of CPAs on disaster recovery. Georgia Society of CPAs GSCPA is providing news and resources to its members on a disaster assistance/recovery webpage.

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TaxConnex

APRIL 19, 2022

Other states such as Georgia , Kentucky and Wyoming have floated sales tax incentives or exemptions for such things as data center equipment purchases or the costs of electricity. At this point, the crypto/NFT question in most states seems to boil down to four factors: Whether the state considers crypto tangible or intangible property.

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TaxConnex

FEBRUARY 22, 2022

A bill in Georgia aims to impose the state’s sales tax on digital goods and services (without specifically repealing a law that exempts sales of prewritten software delivered electronically or “by means of load and leave”).; The future of sales tax on software and SaaS was a hot topic in many states last year. Mississippi?has

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