TaxConnex

JANUARY 11, 2022

Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming. In Maryland, the shipping charge becomes taxable when it’s combined with handling. Taxability can also depend on how the bill/invoice is presented.

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Sales Rhode Island South Dakota North Dakota 246

TaxConnex

APRIL 9, 2024

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

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Sales West Virginia Tax Virginia 264

Accounting Today

SEPTEMBER 4, 2024

The state of Maryland has become the latest to sign up for the IRS Direct File program for filing season 2025, offering residents a free way to file their taxes.

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Maryland Tax 69

TaxConnex

SEPTEMBER 30, 2021

Maryland socks you with a late-filing penalty of 10% and interest at a rate of not less than 1% per month. Those “legal processes” that Maryland mentioned can be punishing. Annapolis goes further by threatening a lien against you or your business if you refuse or fail to follow through on arrangements of payments. Avoid problems.

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Sales Tax Maryland tax return 246

CPA Practice

AUGUST 27, 2024

Top 30 accounting firm Sikich on Tuesday said it’s acquiring Saggar & Rosenberg, a full-service CPA firm based in Rockville, MD. Financial terms of the deal weren’t disclosed.

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Maryland Real Estate Non-Profits cpa firm 95

TaxConnex

NOVEMBER 2, 2021

The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. Here’s a rundown of what some other states do (this changes frequently – check with an individual state if you have questions and want the latest regulations).

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Sales West Virginia Tax Vermont 246

TaxConnex

DECEMBER 10, 2020

Maryland lawmakers might soon revive a proposal to expand the state’s sales tax to sales of digital products, both downloads and streaming. The state – one of only two with a sales tax that don’t require remote sellers to collect and remit those taxes – is looking at a $2.7 billion budget shortfall.

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Sales Tax Ohio Nebraska 240

TaxConnex

JULY 15, 2021

Maryland is offering a vendor credit of up to $3,000 on sales tax returns for the months of March, April and May 2021. The Maryland Comptroller has issued a revised version of Business Tax Tip #29 , which clarifies the Comptroller’s interpretation of its sales and use tax on “digital products,” including software.

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Sales Tax Louisiana North Carolina 219

TaxConnex

AUGUST 5, 2021

announced last year that it would start collecting local utility and communications taxes in California, New York, Maryland, and Virginia. Zoom Video Communications Inc. The specific taxes and their rates vary depending on the state and locality in which the user is located.

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CPA Practice

MAY 24, 2024

Twenty emerging accounting and finance leaders learned the skills they’ll need to take their teams, their careers, and their profession to the next level during the Maryland Association of CPAs’ 2024 Leadership Academy. Spending time with these 20 emerging leaders gave me great pride in Maryland CPAs and great hope for our future.”

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Maryland cpas accounting and finance Finance 59

CPA Practice

DECEMBER 4, 2024

This acquisition strengthens our partnerships with our valued clients in the DMV [District of Columbia, Maryland, and Virginia],” said Christoper DeBlanc, managing principal of DeBlanc, Murphy & Murphy. “It Founded in 1978, DeBlanc, Murphy & Murphy has built a solid reputation in the greater Washington, D.C.

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Maryland Virginia Washington cpa firm 52

Accounting Today

JUNE 14, 2022

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CPA Practice

MAY 2, 2024

The Maryland-based accounting firm Simon, Krowitz, Meadows & Bortnick, P.A. In combining with SKMB, Marcum reinforces its commitment to client-focused services and gains the regional insights of a firm with a 75-year legacy in Maryland. SKMB”) has joined Marcum LLP, effective May 1, 2024. The terms of the deal remain confidential.

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Maryland accounting firms Account accountant 52

TaxConnex

MARCH 1, 2022

In recent years, Connecticut, Maryland, and California toyed with levying state sales tax on accounting services but found it a tough fight in the face of intense lobbying from accountants’ groups. Several states levy their sales tax or its equivalent on services, among them Hawaii (which has a general excise tax, or GET), and New Mexico.

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South Dakota Sales West Virginia Tax 246

TaxConnex

JANUARY 16, 2024

This includes whether you’re selling to a business or a consumer (as in Iowa, Maryland and Ohio), unique state sales tax rates (Connecticut), home-rule jurisdictions (Colorado and Illinois), partial exemptions (Texas), to name a few. SaaS incurs sales tax in roughly half the states. Many nuances affect sales tax and SaaS in various states.

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Iowa Connecticut Maryland Colorado 264

TaxConnex

MAY 10, 2022

Maryland held that a for-profit company’s purchases for non-profit hospitals were subject to the state’s sales and use tax because there was no agency relationship between the company and the hospitals and, even if an agency relationship existed, that alone would not entitle the for-profit company to an exemption.

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Sales Mississippi Tax Non-Profits 242

TaxConnex

JANUARY 3, 2023

Digital products can also create complex sale tax situations, though recently Maryland suffered a setback in court regarding its proposed taxing of digital ad sales. Note that services may also increasingly create economic nexus in a growing number of states (Colorado might be next). Economic nexus is in addition to physical presence rules.

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South Dakota Sales Alaska Tax 246

TaxConnex

JANUARY 19, 2023

Rules allow states to demand payment under certain circumstances against any responsible person (which means possibly other leaders in your company – see the Maryland statutes, for instance). You’re not the only one potentially on the hook.

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Wisconsin Georgia Texas New York 246

TaxConnex

AUGUST 30, 2022

Maryland (a state famous for spearheading efforts to levy sales tax on digital advertising ) also recently broadened its sales and use tax definition to include apps. Apps are specifically mentioned in the sales tax regs of D.C., Pennsylvania and the state of Washington (check thoroughly in the case of the latter), among many others.

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Sales Tax Wisconsin Massachusetts 246

TaxConnex

MARCH 3, 2022

States also continue to debate taxing digital advertising services, especially in the wake of Maryland enacting the nation’s first digital advertising tax. Many states have recently mentioned taxing services; it cropped up notably in West Virginia’s 2021 State of the State address.

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Indiana Connecticut Nebraska Maryland 246

PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. Larry Hogan vetoed the levy.

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Maryland Technology Tax Tennessee 60

TaxConnex

JULY 8, 2021

Other states like Maryland, Missouri, Texas, and Virginia have holidays for energy-efficient devices. Many states grant a holiday for going back to school and exempt sales tax on such items as clothes, footwear, computers, calculators, school supplies, books, and backpacks.

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Sales South Carolina E-commerce Tax 246

TaxConnex

JULY 25, 2023

Other states also impose a gross receipts tax specifically on telecommunications services: Pennsylvania has a 5-percent gross receipts tax, for instance; Maryland is 2-percent and New York is 2.5-percent. These are annual corporate-type taxes, many times requiring an estimated payment like a corporate income tax.

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TaxConnex

MARCH 21, 2024

Maryland is fielding a proposal to reduce the state’s overall sales tax rate but expand the number of products to include such items as streaming services. The bundled transaction included the taxable sale of tangible personal property, as well as non-taxable sale of wireless services.

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South Carolina Sales Tax Alabama 264

Accounting Today

OCTOBER 25, 2022

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Maryland Tax 75

TaxConnex

FEBRUARY 2, 2021

Pennsylvania , Maryland and New York impose a gross receipts tax specifically on communications services: These are annual corporate-type taxes, often requiring an estimated payment like a corporate income tax.

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Tax Missouri Maryland Pennsylvania 189

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. California, Georgia and Maryland), only Maryland made the top 20 list.

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South Dakota North Dakota Maryland New Hampshire 105

TaxConnex

JUNE 8, 2021

Digital services is a hot new area in which to require collection and remittance of sales tax – especially after Maryland broke the ground of taxing digital advertising earlier this year. States don’t seem to be sitting back on their unexpected riches: Online sales are clearly too rich a lode to ignore.

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Sales Tax Arkansas South Carolina 223

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.

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payroll tax West Virginia payroll cpas 110

CPA Practice

FEBRUARY 6, 2024

Digital advertising tax developments Maryland has generated considerable litigation and garnered significant attention because it was the first state to specifically design and enact a tax on digital advertising services. In response to the dismissal of the earlier state lawsuit, Apple Inc.

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South Dakota Maryland Tax income tax 124

TaxConnex

OCTOBER 8, 2020

Texas and Maryland. A measure using IP addresses to track the location of sales does appear to have been upheld from a recent digital-advertising bill in the Maryland Senate. As global governments begin to increasingly view digital services as taxable, American states are starting to jump on the band wagon.

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Sales Texas Tax Nevada 147

CPA Practice

JULY 28, 2023

This has been playing out in Maryland over the last few years as the state has become a national litmus test for the legality of taxing companies based on their digital advertising revenue. Controversial From the Start In 2021, Maryland enacted the Digital Advertising Gross Revenues Tax (DAGRT) [1]. The tax levies a rate of 2.5%

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Maryland Tax Virginia South Dakota 52

TaxConnex

AUGUST 19, 2021

Missouri, the final holdout state, followed suit a few months later when Gov. Mike Parson signed SB153 (combined with SB97) into law, though their law does not go into effect until 2023. has a domestically groundbreaking new tax on?digital digital advertising?and state’s existing sales and use tax to the sale of?such?digital digital goods?as

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Sales E-commerce Tax Missouri 246

TaxConnex

OCTOBER 5, 2021

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. Latest estimates are that at the federal level the U.S. collects about 4% of its revenue from excise taxes.

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Sales Tax South Carolina Hawaii 189

TaxConnex

MAY 4, 2023

Recently, Massachusetts, Oregon, Indiana New York and Connecticut were among states joining Maryland in again attempting to tax digital advertising and data in new ways. Measures similar to these have historically failed in state legislatures, though many states do already levy sales tax on other digital products). “A

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Sales Tax Maryland Technology 130

Insightful Accountant

MARCH 12, 2023

The University of Maryland's Smith School and the Deloitte Foundation are funding scholarships for students pursuing a fifth-year Master's program in accounting.

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Maryland Account accountant accounted 103

TaxConnex

JULY 12, 2022

Kansas retail sales tax collections in May were $240.8 million – $13.8 million, or 6.1%, over the estimate and 5.7% over May 2021 sales tax receipts, the governor said.

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