Anders CPA

OCTOBER 26, 2023

On July 31, 2023, Missouri released Private Letter Ruling No. The ruling provides insight into the obligations of a California-based 501(c)(3) not-for-profit organization that operates as a marketplace facilitator regarding the collection and remittance of sales and use taxes. Genesis Clay, tax intern, contributed to this article.

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Missouri Sales California Education 88

Anders CPA

FEBRUARY 5, 2024

At the first year anniversary of recreational cannabis in Missouri, the state industry is healthy. Here are ways Missouri cannabis businesses can make their second year as, or more, profitable than their first. Watch the Hemp Industry Missouri has taken a strong stance against the hemp-derived market. We would be happy to help.

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Missouri Education Sales Retail 52

Anders CPA

JUNE 11, 2024

Louis city employers may be eligible for earnings tax refunds when working remotely from home. A January trial court decision said non-city residents should receive a refund for earning taxes paid while working remotely for city-based businesses. Louis worked remotely but were still charged the city’s 1% earnings tax.

Missouri 52

Missouri Kansas Tax CPA 52

CPA Practice

JULY 26, 2023

a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced that the state of Missouri has leveraged Avalara Tax Research to power the state’s publicly available online sales and use tax rate map. Avalara, Inc. ,

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Missouri Sales Tax Technology 52

TaxConnex

MAY 7, 2024

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores. Leveling the field.

Rhode Island 203

Rhode Island Sales Tax South Carolina 203

Anders CPA

AUGUST 22, 2023

This law provides an income tax credit for taxpayers who hire an intern or apprentice who is paid at or beyond the minimum wage. The DED will establish the procedure for claiming the tax credit and will certify eligible applicants to the Missouri Department of Revenue.

Missouri 52

Missouri Tax income tax CPA 52

TaxConnex

SEPTEMBER 5, 2024

Ecommerce couldn’t exist without shipping (and probably not without shipping’s partner “handling,” either), but do either incur sales tax? As is often the case in sales tax, it depends on what, how and where. Portions of packages that contain non-taxable or exempt items get a break on the tax on the S&H.

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Sales Tax Rhode Island Kansas 212

TaxConnex

OCTOBER 8, 2024

But not all search engines – or state tax websites – are created equal. What it’s like typing “sales tax” into that little rectangle with the magnifying glass on each state’s website? Here are first impressions from one-and-done searches for “sales tax” on the revenue site of each state. Connecticut Dept.

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Sales Tax Rhode Island West Virginia 147

TaxConnex

DECEMBER 5, 2023

Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell them over the internet – have also raised the question of whether memberships incur sales tax. Health and fitness club In some states membership in one of these creates a sales tax obligation; in others it doesn’t.

South Carolina 209

South Carolina Sales Tax West Virginia 209

CPA Practice

SEPTEMBER 26, 2024

There’s a big difference between “tax avoidance” and “tax evasion.” Simply put, tax avoidance relies on legitimate strategies that may be used to reduce your income tax liability. Conversely, tax evasion is illegal. These penalties are added to the back taxes already due. This is perfectly legal.

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Tax Missouri income tax tax return 105

Anders CPA

APRIL 9, 2024

Missouri Senate Bill 190, signed into law by Governor Mike Parson in 2023, aims to provide tax relief for seniors by expanding deductions for retirement and Social Security benefits. Under the provisions outlined in MO SB 190, taxpayers in Missouri stand to benefit from enhanced tax relief measures specifically targeted toward seniors.

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Missouri Tax Legal CPA 59

TaxConnex

AUGUST 22, 2024

There’s always something changing in the world of tax, especially sales tax. Two states have changed their sourcing rules for the application of sales tax obligations. Two states are reportedly considering using higher sales tax to fund cuts in property taxes. Two-thirds of the tax would help reduce property tax.

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Sales Tennessee Tax Illinois 147

TaxConnex

OCTOBER 5, 2023

Automated sales tax software promises to manage your filing and payments, but there’s more to sales tax compliance. Wayfair opened the way for all states with a statewide sales tax to now have economic nexus thresholds set by dollar amount or volume of sales. Notifications Tax jurisdictions love to send notices.

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Sales Tax Missouri auditor 147

TaxConnex

NOVEMBER 3, 2020

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. New York City tax revenues in March and April fell $1.15

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Sales Tax Wisconsin Vermont 228

TaxConnex

DECEMBER 7, 2023

There’s always something changing in the world of tax, especially sales tax. Other popular terms included “tires” in New Hampshire, “couches” in Colorado, “furniture” in Missouri and “shoes” in Alabama. Gains in sales tax revenue are becoming spottier in general – especially on the local level – but not statewide everywhere.

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Sales Tax West Virginia South Dakota 147

CPA Practice

NOVEMBER 12, 2024

Many American retirees wonder how their benefits will be affected following Donald Trump’s pledge to eliminate taxes on Social Security income during his presidential campaign. A new report by GoBankingRates.com reveals that Texas is one of 41 states that will not tax Social Security benefits next year.

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South Dakota North Dakota South Carolina North Carolina 98

TaxConnex

SEPTEMBER 26, 2023

These thresholds vary state to state and change often, with Missouri being one of the latest to enact economic nexus. Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Louisiana home-rule locations largely follow their state-wide tax treatment for TTP.

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Sales Tax South Dakota Colorado 205

TaxConnex

JULY 25, 2023

In addition to state and local taxes, your business may also be subject to various federal and state regulatory obligations. Most taxes are administered by the state Departments of Revenue (DOR) and local jurisdictions. The remainder of this blog will discuss the various tax requirements for a telecom company. to 7 percent.

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Tax Florida Missouri Maryland 183

TaxConnex

DECEMBER 30, 2021

Sales tax in 2021, though, seemed to move in only one direction: It intensified as even more states hopped on the economic nexus bandwagon and the sales tax burden for online businesses grew. Here’s a look back at some of 2021’s biggest developments in sales tax. Other states intensified their sales tax moves.

Sales 197

Sales Tax Maryland West Virginia 197

TaxConnex

APRIL 8, 2021

Of the 50 states, 45 (plus DC) charge a state-wide sales tax. Two of those states that have a state-wide sales tax, Missouri and Florida, have yet to adopt economic nexus standards set by the 2018 South Dakota v. 15 , which is reportedly projected to bring in about $1 billion a year in sales taxes and. Wayfair case.

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South Dakota Sales Missouri Tax 131

TaxConnex

FEBRUARY 9, 2021

If you sell into the handful of states that don’t have nexus or don’t have a general sales tax, you might think you’re home free when it comes to obligations to remit sales tax. Forty-five states and the District of Columbia have a statewide sales tax. No sales tax but…. Maybe, and maybe not.

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Sales Delaware Alaska Montana 143

TaxConnex

FEBRUARY 8, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax revenues and their local portions are reported up from Auburn, N.Y., Many other states are finding more late-2021 sales tax revenue to funnel toward local governments. billion in sales taxes for December, $101.9

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Sales Tennessee Tax Massachusetts 177

TaxConnex

JANUARY 3, 2023

Next summer will mark five years since the Supreme Court ignited economic sales tax nexus with the South Dakota v. Many businesses are still trying to figure out how to manage the resulting obligations, but one thing’s clear: Now every state with a sales tax has economic nexus. Missouri becomes the last such state on Jan.

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South Dakota Sales Alaska Tax 200

TaxConnex

MAY 23, 2023

Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in New York. If only that was the only complex category concerning sales tax. Diapers and groceries are taxed in Hawaii, Idaho, Utah, Kansas, Missouri, Oklahoma, Arkansas, Tennessee and Alabama, Mississippi and South Dakota.

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South Carolina South Dakota Sales Montana 130

TaxConnex

APRIL 12, 2022

There’s always something changing in the world of tax, especially sales tax. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes. Florida seems to be leading the way, proposing sales tax holidays and other short- and long-term tax relief on a broad range of products.

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South Dakota Sales Tax North Carolina 213

TaxConnex

NOVEMBER 9, 2023

Exactly how long will it take you to set up a process to evaluate and comply with your sales tax obligations? Depends on your business and where you are in your sales tax journey. Do you need a sales tax solution? Typically, a triggering event causes a company to investigate whether it needs a sales tax process.

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Sales Tax Missouri Start-ups 147

TaxConnex

AUGUST 26, 2021

Many states survived the pandemic by the skin of their teeth due in part to the sales tax provided from e-commerce sales and the sales tax filed from companies that have reached nexus thresholds in their state. If these thresholds are met, the business has a sales tax obligation to register, collect and remit sales tax.

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E-commerce Sales Tax Missouri 225

TaxConnex

JANUARY 26, 2023

There’s always something changing in the world of tax, especially sales tax. Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. Crystal ball time. Oneida, N.Y.,

Sales 130

Sales Tax Arkansas Missouri 130

CPA Practice

SEPTEMBER 9, 2024

The deadline for taxpayers to submit their third quarter estimated tax payment is one week from today. However, individuals and businesses affected by disasters in 17 states, Puerto Rico, and the Virgin Islands may automatically qualify for a delayed tax-payment deadline, the IRS said last week.

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West Virginia South Dakota South Carolina Tax 95

TaxConnex

FEBRUARY 16, 2023

Think you’re the only one worried about sales tax compliance? According to our third annual Sales Tax Market Survey you’re not. We have] difficulty with our tax team having extremely limited knowledge of the products and the product teams not caring enough to take the time to properly classify.” Too much staff time needed.

Sales 130

Sales Tax Alaska Missouri 130

TaxConnex

OCTOBER 27, 2022

States are like that, too: sometimes candy is considered food (groceries) for sales tax purposes, sometimes it’s not and sometimes it’s somewhere in between. In many states, for instance, liquor-filled candy – which admittedly few are going to give to kids on Halloween – can be taxed differently than regular candy. Not merely because’.

Sales 130

Sales West Virginia South Dakota South Carolina 130

TaxConnex

FEBRUARY 9, 2023

States aren’t the only ones who can complicate your life with sales tax: Local governments want to play their part, too. Cities, counties and towns nationwide – which have almost all seen an increase in their sales tax revenues in recent years – constantly tinker with their own sales taxes.

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Sales Louisiana Alabama Tax 130

TaxConnex

JANUARY 11, 2022

It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. Many states say that when the contents of a shipment are taxable, so is the shipping cost; similarly, when items in a shipment are exempt from sales tax, so is the cost of shipping.

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Sales Rhode Island South Dakota North Dakota 185

CPA Practice

NOVEMBER 4, 2024

Document Management software is a valuable solution for the organization as you prepare for tax season. Download the guide to ensure you are ready for next tax season. It finds the documents you need in seconds, and creates a bespoke, secure database for your firm.

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Rhode Island West Virginia South Dakota North Dakota 59

CPA Practice

APRIL 5, 2024

Earlier this week WalletHub released a study that shows which states’ residents have the highest and lowest tax burden , measured as the proportion of total personal income that residents pay toward state and local taxes. The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime.

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

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North Carolina Oklahoma Ohio Texas 147

TaxConnex

MAY 4, 2021

But don’t forget that success that comes from selling into more states can also expand your sales tax burdens. Businesses that sell into multiple states or jurisdictions have to pay attention to sales tax thresholds, and it’s not a one-time project. connection a business has with a state or taxing jurisdiction. Physical nexus?means

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Sales Tax South Dakota E-commerce 246