TaxConnex

OCTOBER 3, 2023

Highs and lows: According to The Tax Foundation’s most recent analysis , the five states with the highest average combined state and local sales tax rates are Tennessee (9.548%), Louisiana (9.547%), Arkansas (9.44%), Washington (9.4%) and Alabama (9.24%). Effective next Jan. Effective next Jan.

Sales 147

Sales Louisiana Tax Tennessee 147

TaxConnex

DECEMBER 28, 2023

States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. In 2021, Wisconsin and Maine both removed their transaction threshold; in 2023, South Dakota and Louisiana joined suit. Delivery fees “Sales taxes” are starting to take different forms.

South Dakota 252

South Dakota Sales Tax Louisiana 252

TaxConnex

JANUARY 18, 2024

Louisiana and South Dakota, for instance, have repealed their 200-transaction thresholds (Louisiana’s repeal took effect last Aug. (States’ economic nexus thresholds differ widely, but as a general rule, if your company reaches $100,000 a year in sales in a state it’s time to investigate if you’ve established economic nexus there.)

South Dakota 237

South Dakota Colorado Louisiana Alaska 237

PYMNTS

JULY 4, 2019

Only it was July 4, 1803 — better known as the Independence Day that the Louisiana Purchase was announced. A Brief History Of The Louisiana Purchase — And Its Associated Payments Problems . Adjusted for inflation, the contemporary value of the Louisiana Purchase was around $340 million. What A Louisiana Purchase Will Buy Today.

Louisiana 51

Louisiana Sales Mississippi Virginia 51

RogerRossmeisl

APRIL 28, 2024

The least expensive one-bedroom locations were Wichita, Kansas ($690); Akron, Ohio ($760); Shreveport, Louisiana ($770); Lincoln, Nebraska ($840) and Oklahoma City ($860). Becoming a landlord and renting out a residence comes with financial risks and rewards. However, you also should know that.

Nebraska 130

Nebraska Oklahoma Louisiana Kansas 130

Accounting Today

OCTOBER 9, 2024

Bill Cassidy, R-Louisiana, and Mark Warner, D-Virginia, introduced legislation supported by the AICPA that would create a dashboard to inform taxpayers of backlogs and wait times for their tax refunds. A bipartisan pair of lawmakers, Sen.

Louisiana 75

Louisiana Virginia Tax income tax 75

TaxConnex

FEBRUARY 9, 2023

This is prevalent in Alabama, Colorado, and Louisiana. Louisiana is similar to Alabama, however, in Louisiana there are different tax rates that apply at the local level rather than the single rate in Alabama. Louisiana also offers a single Remote Seller Return.

Sales 130

Sales Louisiana Alabama Tax 130

TaxConnex

MAY 19, 2022

Other states such as Alabama, Colorado and Louisiana have home-rule jurisdictions where separate returns may need to be filed at the local level. This has created such a complex system that Louisiana is actually being sued by an Arizona online retailer for the state’s sales tax “compliance nightmare.

Alaska 224

Alaska Colorado Louisiana West Virginia 224

TaxConnex

AUGUST 15, 2024

Louisiana lets small private aircrafts soar tax-free, and Connecticut extends that to bigger planes. You can be the judge of that. In Florida, you can get a tax break for displaying a cow on your property. You can get a big tax break in New Mexico if you just live to 100. Some taxes are used to benefit specific groups.

Sales 245

Sales South Dakota Tax South Carolina 245

TaxConnex

SEPTEMBER 26, 2023

Examples of states with home rule are Alabama, Louisiana, Illinois, Colorado and Alaska. Louisiana home-rule locations largely follow their state-wide tax treatment for TTP. Yet again, this can vary.

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Sales Tax South Dakota Colorado 236

Going Concern

OCTOBER 2, 2024

The most recent incident was the second time SS numbers were stolen from CBIZ (that we know of), the first being last year’s MOVEiT breach that affected EY and PwC as well.

Louisiana 102

Louisiana accounting firms financial accounting Maine 102

TaxConnex

AUGUST 27, 2024

Many states include home-rule jurisdiction adjustments, but some of the more confusing ones are Alaska, Louisiana, and Colorado, among others. One of the tougher states Colorado has always been one of the more difficult states when it comes to managing sales tax.

Colorado 235

Colorado Sales Tax Alaska 235

TaxConnex

JULY 15, 2022

In Louisiana, a federal court has dismissed a lawsuit seeking to overturn the state’s decentralized sales tax collection system, saying it was filed in the wrong venue. Louisiana does not have a single statewide sales tax collector; local taxing authorities mostly oversee their own collections. No simple answer.

Wisconsin 183

Wisconsin Louisiana Washington Arizona 183

TaxConnex

AUGUST 9, 2022

Louisiana – a state with not only the highest combined tax rate but an infamously complex sales tax compliance structure – is taking steps to address the latter. Three new laws aim to give the Louisiana Sales and Use Tax Commission for Remote Sellers more authority and centralizing sales tax. Path to simplicity.

Sales 130

Sales Louisiana Tax Iowa 130

TaxConnex

SEPTEMBER 26, 2024

In other states, exemption certificates expire after set periods, such as one year in Alabama and three years in Connecticut, Illinois (where three years is the recommended update period for a resale certificate), Iowa and Louisiana.

Rhode Island 130

Rhode Island West Virginia South Dakota North Dakota 130

TaxConnex

JULY 20, 2021

The Tax Foundation goes on to state “In Alaska, Colorado, and Louisiana, this issue is compounded by the additional challenge of divergent tax bases, where different jurisdictions tax different baskets of goods and services.” Louisiana has similarly established a commission for remote sellers to serve as a single collection entity.

Sales 206

Sales Alaska Louisiana Tax 206

Cherry Bekaert

FEBRUARY 5, 2024

two of the nation’s leading wood product companies, partnered to remediate a brownfield site for the development of a new sawmill located in the non-metropolitan Bienville Parish, Louisiana. Project Hunt Forest Products and Tolko Industries Ltd.,

Louisiana 78

Louisiana Tax Construction Transportation 78

TaxConnex

APRIL 4, 2024

South Dakota joins California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in recently eliminating transaction-based nexus thresholds. Thirteen economic-nexus states never had such thresholds.)

South Dakota 241

South Dakota North Dakota Wisconsin Iowa 241

CPA Practice

OCTOBER 31, 2024

Tax technology provider Vertex recently released new innovations, honored partners and fostered big ideas in the world of tax technology at its annual Vertex Exchange conference in New Orleans, Louisiana.

Louisiana 111

Louisiana Tax 111

TaxConnex

JANUARY 11, 2022

Give a buyer in Louisiana the option to contract separately for shipping and the cost becomes tax-exempt. And even if you think you’ve got a grip on how a state taxes shipping, watch for local rules in such strong home-rule states as Colorado and Louisiana. Origin and destination sourcing figure big in South Carolina.

Sales 215

Sales Rhode Island South Dakota North Dakota 215

CPA Practice

NOVEMBER 12, 2024

A new report by GoBankingRates.com reveals that Texas is one of 41 states that will not tax Social Security benefits next year.

South Dakota 98

South Dakota North Dakota South Carolina North Carolina 98

TaxConnex

OCTOBER 22, 2024

Louisiana, for example, has a proposal to replace income tax cuts with sales taxes to services not currently taxed and by making a temporary sales tax permanent.

Sales 147

Sales Tax Alaska Nebraska 147

TaxConnex

MAY 6, 2021

Louisiana lawmakers are working to centralize the state’s sales tax collections. Supporters reportedly say that Louisiana is one of only three states with a fragmented system, and that it complicates collection of sales taxes from online purchases. 1, 2022, and certain prepaid wireless 911 fees beginning April 1, 2022.

Sales 232

Sales North Carolina Tax Maryland 232

TaxConnex

AUGUST 6, 2024

Note that this ruling is specific to those states within the jurisdiction of the Fifth Circuit of Appeals including Louisiana, Mississippi, and Texas. This ruling has profound implications for the telecommunications industry and the future of universal service funding.

Mississippi 147

Mississippi Louisiana Texas Tax 147

TaxConnex

JULY 30, 2024

Home rule ” localities’ tax jurisdictions in such states as Alabama and Colorado have their own nexus requirements, as do those in Illinois (Chicago) and Louisiana (parishes). Additional complexities: The five NOMAD states – New Hampshire, Oregon, Montana, Alaska and Delaware – do not have a statewide sales tax.

South Dakota 251

South Dakota Alaska New Hampshire Montana 251

Withum

JULY 2, 2021

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Louisiana 52

Louisiana Tax 52

Cherry Bekaert

AUGUST 9, 2024

Refundable Credit Louisiana Ad Valorem Credit – Louisiana provides a tax credit against the Corporate Income and Franchise Tax to manufacturers, distributors and retailers equal to 100% of the property tax paid on inventory.

Manufacturing 64

Manufacturing West Virginia Mississippi Louisiana 64

TaxConnex

JULY 9, 2024

Your system also needs to correctly calculate and account for tax rates at a local level, which can a complication especially in home rule states like Louisiana and Colorado. Tax calendar We encounter this problem often with clients: incorrect sales tax registrations that became outdated as years went by without verification and updating.

Sales 235

Sales Tax Colorado tax return 235

Cherry Bekaert

NOVEMBER 16, 2023

Louisiana On October 27, 2023, the Louisiana Department of Revenue issued Revenue Information Bulletin No. 23-022 , Changes to the Pass-Through Entity Election Act 450 of the 2023 Regular Session. 428, effective for taxable periods beginning on or after January 1, 2023.

Hawaii 83

Hawaii Ohio Louisiana Tax 83

TaxConnex

OCTOBER 19, 2022

Still other states (for example Alabama, Colorado, and Louisiana) have home-rule jurisdictions where separate returns may need to be filed at the local level. Other states (for example California) have local taxes that are reported on the state return.

Sales 225

Sales Tax New Jersey Louisiana 225

Cherry Bekaert

AUGUST 10, 2023

Louisiana Louisiana House Bill No. The Louisiana PTET election is effective for the tax year made, and succeeding tax years until terminated. 428 was recently signed into law, providing two technical modifications to the state’s PTET election applicable to taxable years beginning on or after January 1, 2023.

Alabama 98

Alabama Ohio Iowa Louisiana 98

TaxConnex

JUNE 13, 2024

Colorado, for instance, used to also require or 200 or more separate transactions in the state, but has since joined South Dakota, California, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in eliminating transaction-based thresholds. Not all changes work against sellers.

South Dakota 242

South Dakota North Dakota Massachusetts E-commerce 242

CPA Practice

MAY 22, 2024

His professional career started as a practicing CPA in Louisiana, becoming a CPA firm partner at 25 years old, before leading the Society of Louisiana CPAs and being appointed CEO of AICPA.

Louisiana 124

Louisiana cpas accounting and finance CPA 124

TaxConnex

DECEMBER 1, 2022

Halstead Bead , a small craft and jewelry wholesaler, has filed an appeal with the Fifth Circuit in the ongoing challenge to Louisiana’s sales tax system, which requires remote sellers to comply with local tax laws for 63 parishes.

Sales 130

Sales Tax Alaska Louisiana 130

TaxConnex

JULY 15, 2021

Louisiana lawmakers have recently passed H.B Right now the state allows parishes to independently collect their own sales and use taxes from in-state businesses while the Louisiana Remote Sellers Commission collects for out-of-state sellers. 199, which would establish a centralized sales tax commission.

Sales 153

Sales Tax Louisiana North Carolina 153

CPA Practice

FEBRUARY 6, 2024

Sales tax centralization Remote sellers have contended that sales tax compliance is particularly difficult in states such as Colorado and Louisiana due to the different sales and use tax administration requirements in numerous local jurisdictions.

South Dakota 124

South Dakota Tax Maryland income tax 124

CPA Practice

OCTOBER 27, 2023

Employers in parts of Florida, Georgia, Hawaii and Louisiana also have until Feb. Currently, this includes: All employers in Vermont have until Nov. 15, 2023, to file and pay. All employers in Maine, Massachusetts and South Carolina have until Feb. 15, 2024, to file and pay. 15, 2024, to file and pay. 7, 2024, to file and pay.

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payroll tax payroll South Carolina Tax 105