TaxConnex

SEPTEMBER 5, 2024

Often confusion’ Few states spell out how perplexing sales tax on shipping, handling and delivery charges can be like Kentucky. Beyond our previous overviews of S&H and sales tax, here’s a look at the latest developments. Delivery charges are also taxable when the retailer is responsible for installing the product upon delivery.”

Sales 264

Sales Tax Rhode Island Kansas 264

Accounting Today

AUGUST 2, 2022

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Kentucky 98

Kentucky Tax 98

CPA Practice

OCTOBER 23, 2023

team further enhances our service offerings and allows us to expand our Kentucky presence, where we currently serve over 100 clients across the state.” is a full-service accounting and advisory firm serving clients in Kentucky, Indiana, and elsewhere. “The Strothman & Co. Strothman & Co.

Kentucky 59

Kentucky cpa firm CPA Indiana 59

TaxConnex

DECEMBER 28, 2023

States expected to do best with sales tax in 2024 are West Virginia, Massachusetts, Kentucky, Iowa and New York. States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. Delivery fees “Sales taxes” are starting to take different forms.

South Dakota 264

South Dakota Sales Tax Louisiana 264

PYMNTS

SEPTEMBER 5, 2020

For example, the Kentucky Derby will be run on Saturday (Sept. And for those who want to have their own derby party, NBC Sports has released a “Kentucky Derby at Home Party Pack” for downloading. 5) for the 146th time this weekend after being postponed from its normal May. Dragon Con .

Kentucky 73

Kentucky Sports Technology Maine 73

TaxConnex

DECEMBER 14, 2023

Ditto Kentucky , which as of this year applied its sales and use tax to more than 30 additional service categories, including bodyguarding, repo work and interior decorating and design. Texas has a similarly long list, and tosses in data processing, debt collection and telecommunications.

West Virginia 264

West Virginia Virginia Kentucky Minnesota 264

PYMNTS

MARCH 18, 2020

In other news, Wave Financial has made deal with Wilderness Trail Distillery in Kentucky to tokenize bourbon barrels that are valued at as much as $20 million, CoinDesk reported. CoinZoom Founder and CEO Todd Crosland said in the announcement, “CoinZoom is not only the first U.S.

Kentucky 80

Kentucky Wyoming Technology Account 80

CPA Practice

APRIL 9, 2024

with Maryland and Virginia) West Virginia (with Kentucky, Maryland, Ohio, Pennsylvania, and Virginia) Wisconsin (with Illinois, Indiana, Kentucky, and Michigan) Paying payroll taxes can be a daunting task for business owners, but with expert advice and guidance from their CPAs, it becomes more manageable.

payroll tax 110

payroll tax West Virginia payroll cpas 110

TaxConnex

APRIL 12, 2022

Kentucky is considering gradually eliminating its individual income tax in favor of a broader sales tax. A Kansas House tax committee has approved legislation that would shrink the overall statewide sales tax on general purchases to 6.3% and nearly halve the state sales tax on groceries, to 3.5%.

South Dakota 246

South Dakota Sales Tax North Carolina 246

Accounting Today

OCTOBER 20, 2023

The deal will expand the Top 40 Firm's footprint to Kentucky and Indiana.

Kentucky 119

Kentucky Indiana 119

TaxConnex

JUNE 8, 2021

Kentucky saw sales tax receipts in April hit $486.5 Many states are finding that online sales have diffused previous dire predictions about how the pandemic would hammer tax revenues. South Carolina sales tax collections are 10% greater than predicted this budget year. Ohio ’s sales tax collections were 23% over predictions recently.

Sales 223

Sales Tax Arkansas South Carolina 223

CPA Practice

NOVEMBER 21, 2023

By Bill Estep, Lexington Herald-Leader (TNS) A former Kentucky accountant has been indicted after allegedly failing to report more than $320,000 in income on his federal taxes. A federal grand jury indicted Charles Marshall Stivers, of Manchester, last week on two charges of making false statements on tax returns in 2018 and 2020.

Kentucky 64

Kentucky CPA Tax tax return 64

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.

Sales 246

Sales Tax Colorado New Jersey 246

Accounting Today

JUNE 13, 2024

The Internal Revenue Service is postponing both filing and payment deadlines.

Kentucky 80

Kentucky Tax 80

Cherry Bekaert

APRIL 22, 2024

Kentucky: The Kentucky Business Investment Program provides wage assessments of up to 4.5% Kentucky: The Kentucky Reinvestment Act provides an income tax credit to companies that invest at least $2.5 Qualified small businesses need only create two new jobs to qualify. taxable wages for up to 15 years.

South Carolina 105

South Carolina North Carolina Mississippi Georgia 105

Withum

SEPTEMBER 9, 2021

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Kentucky 52

Kentucky Tax 52

CPA Practice

NOVEMBER 22, 2023

By Bill Estep, Lexington Herald-Leader (TNS) A former Kentucky accountant has been indicted after allegedly failing to report more than $320,000 in income on his federal taxes. A federal grand jury indicted Charles Marshall Stivers, of Manchester, last week on two charges of making false statements on tax returns in 2018 and 2020.

Kentucky 52

Kentucky CPA Tax tax return 52

TaxConnex

NOVEMBER 7, 2023

Some states, like Michigan, Kentucky and Tennessee, alter discounts beyond a certain percentage of the tax collected. States usually cap the amounts and might use complex formulas to determine discounts based on the amount of sales tax collected and remitted and, as in New York and Pennsylvania, among other states, filing frequencies.

South Carolina 147

South Carolina Colorado Pennsylvania Kentucky 147

CPA Practice

NOVEMBER 28, 2023

The firm will operate as Dean Dorton and provide accounting, business advisory, and professional services to clients from offices in North Carolina, Indiana, Ohio, and Kentucky. Established in 1946, VonLehman is a full-service CPA and business advisory firm with offices in Kentucky, Ohio, and Indiana.

North Carolina 105

North Carolina Kentucky Indiana Ohio 105

TaxConnex

NOVEMBER 8, 2022

According to a recent guide from Bloomberg , nine states treat crypto the same as they do cash for transactions for sale tax purposes: California, Kansas, Kentucky, Michigan, Minnesota, New Jersey, New York, Washington and Wisconsin. Take it state by state.

Sales 130

Sales Tax Wisconsin Kentucky 130

Katz,Sapper&Miller

APRIL 9, 2017

JC Wilkinson, a director in Katz, Sapper & Miller’s Business Advisory Group, will present at the Kentucky Society of Public Accountants Spring Business Conference.

Kentucky 40

Kentucky public accounting accountant Account 40

TaxConnex

JUNE 9, 2022

Kentucky has enacted multiple tax changes , including expansion of the services subject to sales and use taxes. California manufacturers want the state to halt taxes on the purchase of new equipment, saying those taxes are hobbling the industry as manufacturers aim to modernize production as supply chain issues continue.

Sales 246

Sales Tax Colorado Massachusetts 246

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.

South Dakota 118

South Dakota North Dakota Mississippi Idaho 118

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 147

North Carolina Oklahoma Ohio Texas 147

PYMNTS

FEBRUARY 21, 2020

Yum Brands also owns fast-food chains Taco Bell and Kentucky Fried Chicken. Yum Chief Financial Officer Chris Turner said there was “potential for choppiness” in near-term results for Pizza Hut, according to CNBC. Earlier this year , the company announced plans to purchase Habit Restaurants, the casual fast-food chain.

Kentucky 120

Kentucky Sales 120

TaxConnex

DECEMBER 7, 2023

followed by South Dakota, Kentucky, West Virginia and Kansas. Analysis of Google activity also showed that the most searched term in Black Friday was iPhone deals. Iowa topped the list for having the highest search levels for Black Friday in the U.S., New York ranked last.

Sales 147

Sales Tax West Virginia South Dakota 147

CPA Practice

APRIL 5, 2024

Kentucky $1,307,340 $411,333 31.5% 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%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

ThomsonReuters

AUGUST 29, 2023

million in penalties and conducted more than 500 child labor investigations affecting nearly 2,900 minors in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina and Tennessee. From fiscal year 2020 through 2022, the division assessed employers more than $2.8

South Carolina 97

South Carolina Kentucky North Carolina Mississippi 97

Accounting Today

AUGUST 25, 2023

IMA and EFWA award annual scholarships; Dean Dorton appoints pair of Kentucky market leaders; and more news from across the profession.

Kentucky 75

Kentucky 75

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 122

CPA Rhode Island West Virginia South Dakota 122

CPA Practice

AUGUST 26, 2024

Sales tax typically applies to both dine-in and takeout food in Colorado , Florida , Indiana , Kentucky , New York , Texas , and Wisconsin , at least if it’s from a restaurant. My former stomping ground of New Hampshire imposes a meals and rooms tax on restaurant meals even though the state has no general sales tax.

Ohio 110

Ohio Sales Tax New Hampshire 110

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 130

North Carolina Oklahoma Ohio Texas 130

PYMNTS

JANUARY 13, 2020

According to local Kentucky Today reports, $1.5 million was embezzled from a Kentucky school district , pointing to a former finance director, now the subject of an FBI probe. Reports said the former finance director allegedly stole $1.5

B2B 89

B2B Kentucky Colorado Minnesota 89

TaxConnex

JANUARY 24, 2023

In Kentucky, separately stated shipping charges to deliver taxable products to the customer are exempt from tax when shipped to a point specified by the customer and delivered by the postal service or common carrier – but shipping charges are generally taxable if the actual seller of the product makes the delivery.

Sales 26

Sales South Carolina Tax Massachusetts 26

TaxConnex

OCTOBER 25, 2022

Kentucky has released a “Sales Tax Facts” sheet detailing services that become taxable as of Jan. Morey failed to remit sales taxes that he collected while operating two businesses; he told investigators that he used the sales tax money from the businesses for personal reasons. Morey was sentenced to pay $54,823.25

South Dakota 130

South Dakota Sales South Carolina Tax 130

TaxConnex

OCTOBER 13, 2022

Though states like Kentucky are considering or already have additional fees for owners of electric cars, most states are still fuzzy on whether the customer or the supplier pays the sales tax on the juice. This new line of business raises a few sales tax questions, chiefly regarding the electricity flowing into the vehicles.

South Carolina 130

South Carolina Sales Tax Colorado 130

CPA Practice

OCTOBER 5, 2023

National Association of State Boards of Accountancy, New Jersey Society of CPAs, Ohio Society of CPAs, Oklahoma Society of CPAs, Rhode Island Society of CPAs, Tennessee Society of CPAs, Virginia Society of CPAs, and Washington Society of CPAs.

CPA 119

CPA Rhode Island cpas Montana 119