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What's new in state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its

Sales 246
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3 things to remember about economic nexus

TaxConnex

Wayfair, Inc et al , but many businesses are still trying to figure out how to manage sales tax obligations brought on by this decision. Mississippi: $250,000 sales; no transaction threshold. All 45 states with state-wide sales tax now have economic thresholds set. State thresholds are not all the same.

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Mississippi Tax Preparers Sentenced to Prison for False Tax Return Conspiracy

CPA Practice

A group of Mississippi tax return preparers were sentenced to prison on February 22, 2024, for charges related to a conspiracy to prepare and file false tax returns for clients in Jackson, Mississippi. million in tax loss to the IRS. Goldberg of the Justice Department’s Tax Division made the announcement.

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The latest on sales tax on shipping charges (part 2)

TaxConnex

Shipping is indispensable to eCommerce yet sales tax on it remains a mishmash of regulations across the states. In our previous blog, we looked at how exemptions, the taxability of the item being shipped and selling into tax-free states affect sales tax on shipping.

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Eliminate Manual Work and Accelerate Accounts Receivable

CPA Practice

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The Collaborative Accountant

CPA Practice

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The Hidden Gem to Firm Growth and Smoother Operations

CPA Practice

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