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Accounting Students from University of Nebraska Win 2024 Deloite FanTAXtic Competition

CPA Practice

A team of students from University of Nebraska , Lincoln, claimed victory at the Deloitte FanTAXtic national case study competition by presenting the best analysis on a complex, issues-driven business tax case. After all, the success of any organization lies in its people, their skills and their passion.

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Are Digital Ad Taxes Spreading?

TaxConnex

Montana and West Virginia are considering one ; Nebraska lawmakers shelved such a proposal last year. Full of legal holes or not, will laws similar to Maryland’s mushroom in other states? Generally, digital products are “intangible” and sent to your customers electronically.

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Nebraska State Tax Updates

Withum

For the latest news and updates on Nebraska state and local tax. Nebraska Implements Corporate Income Tax Rate Reductions. 873 which reduces Nebraska’s corporate income tax rate over the next five years. Nebraska Update on Extension of Filing Deadline. The post Nebraska State Tax Updates appeared first on Withum.

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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

This is the third time the state has pushed for faster tax remittance since 2015, reports added, and similar proposals have been seen in Connecticut, Nebraska, New York and Puerto Rico. The governor recently introduced a budget for the state’s next fiscal year that includes a plan to require businesses to remit sales tax faster.

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Sales tax and agriculture | TaxConnex

TaxConnex

In five major farming states, for instance, these annual thresholds are now $100,000 in sales in Iowa or South Dakota; and, in Illinois, Nebraska and Minnesota, $100,000 in sales or 200 transactions.

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How to register for states’ sales tax

TaxConnex

In states like Nebraska , Ohio and Washington , among others, you can register using the Streamlined Sales Tax Registration System (SSTRS). And note that many software and service providers who claim to manage sales tax for you don’t help with registrations, except for an extra cost.

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Understanding the Taxability of Your Products and/or Tech Services

TaxConnex

Nebraska taxes sales of “content cards” or “digital release cards” that allow purchasers to download specific digital goods if the product is taxable in other circumstances. Slightly more than half the states now tax sales of digital products. Some states tax ringtones as digital products and some don’t.