Senators propose fixes to IRS administration
Accounting Today
JANUARY 30, 2025
R-Idaho, and ranking member Ron Wyden, D-Oregon, issued a discussion draft of bipartisan legislation. Senate Finance Committee chairman Mike Crapo.
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TaxConnex
JANUARY 11, 2022
When shipping to a retailer, sales tax is incurred in Idaho no matter where “shipping” appears on an invoice. In Florida, the purchaser must also have the option of picking the item up or arranging for third-party transportation services on its own. And in Massachusetts, delivery must occur after the purchase to be exempt from sales tax.
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AP Automation: The Competitive Advantage Your Business Needs
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Cash Flow Secrets Every Upskilled CPA Should Know
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
PYMNTS
APRIL 25, 2017
Recently, for example, Idaho residents looking to make child support payments via mobile devices just got a boost in functionality. The move comes as data cited by the organizations indicate some 58 percent of Idaho residents use mobile devices as their primary or only access to the internet. But it’s not just Idaho.
AP Automation: The Competitive Advantage Your Business Needs
Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape
Cash Flow Secrets Every Upskilled CPA Should Know
Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
TaxConnex
DECEMBER 28, 2023
States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. Only seven states are forecasting growth exceeding 5%, while eight forecast declines in sales tax revenues in fiscal 2024. Delivery fees “Sales taxes” are starting to take different forms.
TaxConnex
MAY 27, 2021
Idaho and Pennsylvania, for instance, usually require one form. Where it gets (even more) complicated. 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. Texas offers nine different forms.
TaxConnex
MAY 23, 2023
Diapers and groceries are taxed in Hawaii, Idaho, Utah, Kansas, Missouri, Oklahoma, Arkansas, Tennessee and Alabama, Mississippi and South Dakota. California, Idaho, South Carolina, Tennessee and Virginia exempt clothing sales for some nonprofits. Playing dress-up Clothing is taxable in most states and the District of Columbia.
TaxConnex
OCTOBER 5, 2021
The lowest per-capita excise tax states have included South Carolina, Nebraska, Idaho, and Arizona. Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland.
CPA Practice
MAY 4, 2023
Matthew Rissell, a serial entrepreneur known widely for founding the small business time tracking app TSheets, was found dead at his home in Eagle, Idaho, early Thursday morning. Ada County coroner Richard D. Riffle’s report noted that Rissell died from a bullet wound to the head, and was likely suicide. Rissell was 46.
TaxConnex
SEPTEMBER 5, 2024
Idaho: To quote Boise, when shipping to the retailer, “You owe sales or use tax on the following items, even if they’re separately stated on the invoice.” Florida: Sales tax is imposed on the total sales price of taxable TPP, including any services that are a part of the sale. Georgia: Shipping is almost always taxable.
CPA Practice
FEBRUARY 11, 2023
This means that people in the following states do not need to report these state payments on their 2022 tax return: California, Colorado, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Maine, New Jersey, New Mexico, New York, Oregon, Pennsylvania and Rhode Island.
CPA Practice
DECEMBER 7, 2023
In August, CBS News reported that some residents in Idaho, Illinois, Massachusetts, Montana and New Mexico may receive a check from their state by the end of the year, but that is due to state budget factors rather than any federal program. It’s unclear what prompted the rumors.
TaxConnex
SEPTEMBER 26, 2024
Dates vary – a lot Many states’ certificates have no expiration: Arizona (the seller chooses the period of exemption); Arkansas; Colorado (this can depend on the purpose of the exemption); Georgia; Hawaii; Idaho; Indiana; Maine; Minnesota; Mississippi; Nebraska; New Mexico; New Jersey, New York, North Carolina; North Dakota; Ohio; Oklahoma; South Carolina; (..)
PYMNTS
DECEMBER 16, 2020
In addition to Texas, states involved in the suit include Arkansas, Idaho, Indiana, Kentucky, Mississippi, Missouri, North Dakota, South Dakota and Utah, WSJ reported. “This internet Goliath used its power to manipulate the market, destroy competition, and harm YOU, the consumer,” Paxton's office said in a tweet Wednesday (Dec.
PYMNTS
JANUARY 8, 2021
Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan. Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million.
CPA Practice
NOVEMBER 6, 2023
Idaho Society of CPAs hosts 2023 tax updates for CPAs The Idaho Society of Certified Public Accountants (ISCPA ) is offering tax updates to CPAs for both personal and business clients. This career awareness event is an important step toward achieving that goal. Both classes take place at the ISCPA Enrichment Center in Boise.
TaxConnex
OCTOBER 18, 2022
California, Idaho and Tennessee exempt only clothing sales for some nonprofits, for example. Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Clothing is taxable in most states and the District of Columbia. Some states (of course) have special sales tax rules for clothing.
CPA Practice
JANUARY 23, 2023
“It just goes to show you it’s not being discussed,” said Ambrose, an elementary education teacher-turned-dean of students at Forge International School, a public charter school in Middleton, Idaho. I did not know about the [original] teacher deduction until a peer mentioned it,” he said.
CPA Practice
APRIL 5, 2024
Idaho $1,254,081 $420,886 33.6% The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3%
Going Concern
SEPTEMBER 27, 2023
Candidates who want to sit for a retake of BEC before it disappears forever have until November 12 to apply except for those candidates sitting in Idaho (November 15), Kentucky (November 8), North Carolina (October 15 for both first-time and retake BEC sections), Virginia (November 14), and West Virginia (November 8).
CPA Practice
FEBRUARY 19, 2024
Wyoming, South Dakota, North Dakota, New Hampshire, Montana, Maine, Utah, Kansas, Minnesota, Maryland, Idaho, Oregon, Colorado, Missouri, Nebraska, Florida, Ohio, Wisconsin, and Massachusetts also made the list. Notably, of the states with the highest absolute percentage of minority-owned businesses (Hawaii, Washington D.C.,
CPA Practice
JUNE 17, 2024
Such is the case for Jonathan Cardella, who runs Strike Tax, a tax advisory firm in Boise, Idaho. These delays aren’t just hurting companies who sought them out, but also the tax advisory firms that have helped businesses fill out the necessary paperwork to obtain those credits with hopes of getting a piece of the pie as payment.
TaxConnex
NOVEMBER 26, 2024
The states are Alabama, Arkansas, Hawaii, Idaho, Illinois, Kansas, Mississippi, Missouri, South Dakota, Tennessee and Utah. Most of the food The turkey you cook at home, the seasoned bread cubes and the potatoes and the canned pie filling: Groceries are pretty much the simple part for sales tax and Turkey Day.
CPA Practice
JULY 24, 2023
Idaho, Utah, Texas and Florida were among the states with the biggest gains in employment since February 2020. For instance, Minnesota’s unemployment rate is up 0.5 percentage point from last year to a still-low 2.9%. In a dozen states and DC, the number of people on payrolls remains below pre-pandemic levels. ©2023 Bloomberg L.P.
TaxConnex
JANUARY 24, 2023
Ditto Idaho, except fees for shipping goods to the retailer are not exempt. A sale can be exempt in Massachusetts if the buyer is outside the state when they made the purchase, among other conditions. Separately stated charges for delivery to the buyer are generally exempt in Virginia and exempt in Oklahoma, Utah, Wyoming.
TaxConnex
AUGUST 9, 2022
Among them, alphabetically: Idaho will exempt qualified?semiconductor 95 , beginning July 1, 2023, local tax collectors have to provide notice of their intent to audit that also “advise[s] the taxpayer that the taxpayer may request a multi-parish audit.”. Free for all. Several states tinkered with their sales tax exemptions this summer.
CPA Practice
MARCH 21, 2024
Idaho, New Mexico, Maine , and Rhode Island are just a few states where counties don’t use state-created, standardized return and depreciation forms. Instead, you must file returns in each county where you have property like computers, equipment, or furniture. And in some cases, like Virginia, counties will not accept the state form.
TaxConnex
DECEMBER 22, 2020
Texas and Idaho reported bumps in sales tax revenue, and in Michigan a new law passed just shortly before the pandemic shutdown made it easier to collect sales tax from more online transactions. Florida, for instance, reported that sales tax collections for July were $165.2
PYMNTS
JULY 17, 2020
The new stores will be in Cherry Hill, New Jersey; Bismarck, North Dakota; Saratoga Springs, Utah; Surprise, Arizona and Idaho Falls, Idaho, Acorns reported. Even with a rise in COVID-19 cases in a number of states, Costco intends to open five new stores prior to September’s close, in addition to two delivery facilities.
PYMNTS
AUGUST 11, 2020
Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. In a Tuesday (Aug.
PYMNTS
NOVEMBER 3, 2020
With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin.
PYMNTS
SEPTEMBER 15, 2020
If a customer sees a transaction labeled as going to ‘RBX Idaho,’ it leaves them wondering if they have ever been to Idaho, and [they] have no idea what ‘RBX’ means,” he said. That confusion will often make them call a call center to find out what's going on.
CPA Practice
DECEMBER 13, 2023
States with the highest level of interest in side hustle jobs in 2023 are Washington, Oregon, Idaho, and Utah – which could mean that the western U.S. is feeling the economic impact the most. States with the least interest in finding a side hustle are Florida, Vermont, and Maine – all of which are on the East Coast.
CPA Practice
JUNE 12, 2024
A proud Army veteran, Steven is based in Meridian, Idaho, and continues to drive innovation and excellence in his field, delivering exceptional results for his company and clients. Steven’s dedication to his work and his team have earned him the respect of his colleagues and peers.
CPA Practice
APRIL 3, 2024
The following is how the states rank by overall tax burden, with No. 1 being the highest and No.
Insightful Accountant
MAY 4, 2023
On a sad note, Matt Rissell, the founder of TSheets has reportedly died from a self-inflicted gunshot wound at his home in Eagle, Idaho.
CPA Practice
OCTOBER 4, 2024
For the 2025 tax filing season, Direct File will also be available in Alaska, Connecticut, Idaho, Kansas, Maine, Maryland, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania and Wisconsin. In 2025, more than 30 million taxpayers in those 24 states will be eligible to use Direct File.
CTP
MAY 8, 2024
The states that have passed a type of pass-through entity tax legislation are Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Georgia, Idaho, Illinois, Louisiana, Maryland, Minnesota, New Jersey, New York, Oklahoma, Oregon, Rhode Island, South Carolina, and Wisconsin.
PYMNTS
JUNE 26, 2020
The long-awaited initial public offering (IPO) of Idaho-based grocery chain Albertsons went ahead on Friday (June 26) after often-fraught years of planning. Now trading on the New York Stock Exchange under the symbol ACI, the chain sold 50 million shares at $16 per share, bringing in $800 million – well below the 68 million shares and $1.5
CPA Practice
AUGUST 19, 2024
A proud Army veteran, Steven is based in Meridian, Idaho, and continues to drive innovation and excellence in his field, delivering exceptional results for his company and clients. Steven’s dedication to his work and his team have earned him the respect of his colleagues and peers.
CPA Practice
APRIL 9, 2024
The following is how the states rank by overall tax burden, with No. 1 being the highest and No.
PYMNTS
JUNE 18, 2020
Founded 80 years ago, the Boise, Idaho, chain has been owned for the past 14 years by private equity firm Cerberus Capital Management, according to Supermarket News , which first reported the IPO in March. Albertsons Cos., the nation’s second-largest supermarket chain, is preparing for an initial public offering (IPO), according to a U.S.
TaxConnex
OCTOBER 8, 2024
Idaho State Tax Commission: Initial search results a mish-mash of uploading details for filers, a reminder to farmers’ markets to charge sales tax and a report of a radio interview reminding holders of yard sales to do the same. Georgia Department of Revenue: Rates, registration, overview and more.
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