CPA Practice

AUGUST 6, 2024

TNS) More than 1 million New York families will begin receiving child tax credit checks this week. Robert Harding The Citizen, Auburn, N.Y. The checks will be delivered to families who received the Empire State Child Credit in the 2023 tax year.

New York 95

New York Tax tax return Government 95

CPA Practice

SEPTEMBER 27, 2024

The place to be this week is New York City where many leaders of the accounting technology community are talking about the issue of responsible AI.

New York 72

New York Technology tax preparation Tax 72

TaxConnex

SEPTEMBER 10, 2024

The lowest state-level sales tax (aside from the NOMADs) is in Colorado, Alabama, Georgia, Hawaii, New York and Wyoming. Also significantly low is high is New York – which even though ranking among states with the lowest statewide sales tax still comes in at a high average rate when local taxes are figured in.

Rhode Island 264

Rhode Island Sales Alaska Louisiana 264

TaxConnex

JANUARY 19, 2023

New York stipulates that relevant factors when determining a responsible person include whether the person is actively involved in operating the business regularly, is involved in deciding which financial obligations are paid, is involved in personnel activity and so on. Out of business – now what?

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Wisconsin Georgia Texas tax return 246

TaxConnex

APRIL 30, 2024

Minnesota is the only other state with official plans to roll out an RDF, but Illinois and New York are also discussing them. Q: What’s happening in Illinois and New York? New York’s would 25 cents per delivery into the state; it would be billed on the invoice and collected from customers.

Minnesota 264

Minnesota Retail Colorado Tax 264

TaxConnex

APRIL 5, 2022

which taxes SaaS) but the customer has individual users accessing the software all over the country, including in places that do not tax SaaS the same way New York does. electronic download of the software as part of the fee. determined?that Let’s say a company has a customer in?New

North Carolina 241

North Carolina New York Connecticut Colorado 241

TaxConnex

DECEMBER 7, 2021

New York: A Long Island provider of self-service, coin-operated air machines to inflate car tires has been socked with a $4.25 In 1997, SSVE requested an advisory opinion from the New York Department of Taxation and Finance on whether sales from its coin-operated air machines were exempt from sales tax. Tax air-or.

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Alabama New York tax return Sales 246

TaxConnex

DECEMBER 10, 2020

Just ask Fiorella’s Landscaping in western New York. 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 Buffalo, N.Y.-area Pennsylvania collected $2.6

Sales 240

Sales Tax Ohio Nebraska 240

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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Maryland Virginia New York California 246

TaxConnex

DECEMBER 28, 2023

States expected to do best with sales tax in 2024 are West Virginia, Massachusetts, Kentucky, Iowa and New York. That contention hasn’t stopped other states, such as Minnesota and New York, from pursuing their own delivery fees; Minnesota’s starts in 2024. Delivery fees “Sales taxes” are starting to take different forms.

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South Dakota Sales Tax Louisiana 264

Accounting Today

SEPTEMBER 12, 2024

The IRS is pushing back payment and filing deadlines for taxpayers hit by August weather.

New York 75

New York Tax 75

TaxConnex

APRIL 19, 2022

There’s similar interest in California, Arizona, New York, Hawaii and Massachusetts – not to mention the federal government, which may soon explore digital currency for the U.S. New York has said that because crypto is intangible property, the purchase of crypto is not a taxable transaction for sales tax purposes.

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Sales Tax Colorado New Jersey 246

TaxConnex

JUNE 9, 2022

New York local government sales tax collections grew 21.1%, or $901 million, in 1Q22 compared with the same period last year, according to the state comptroller. The New York Supreme Court, Appellate Division, has held Apple Inc. Collections for the three-month period totaled nearly $5.2

Sales 246

Sales Tax Colorado Massachusetts 246

RogerRossmeisl

NOVEMBER 5, 2021

In fact, New York Federal Reserve research suggests that the CTA will reduce criminal transactions by approximately 70%. The post How Business Owners Can Comply With New Financial Crime Regulation appeared first on Roger Rossmeisl, CPA. Covered entities Unlike other.

New York 228

New York CPA 228

RogerRossmeisl

NOVEMBER 13, 2022

Under this method, value is derived from comparable stocks (or partnership interests) that are actively traded on the New York Stock Exchange or other public markets. Each business is unique, so identifying an exact match is impossible.

New York 227

New York CPA Sales 227

BurklandAssociates

JANUARY 23, 2024

Tax deadlines for startups in 2024, including federal filing dates and key dates for San Francisco, New York, and Seattle. The post Tax Deadlines for Startups in 2024 appeared first on Burkland.

Tax 173

Tax New York 173

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

TaxConnex

MARCH 21, 2024

The New York Tax Appeals Tribunal has affirmed an Administrative Law Judge’s ruling that there was no legal basis for a taxpayer to claim a credit for sales tax refunded at the end of a lease because the statute required that tax be paid at the beginning of the lease term.

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South Carolina Sales Tax Alabama 264

TaxConnex

NOVEMBER 3, 2020

New York City tax revenues in March and April fell $1.15 In New York State , the sales tax payment the county of Onondaga received recently was $10 million higher than the same period last year. billion (3.5 percent) from the same period in 2019.

Sales 246

Sales Tax Wisconsin Vermont 246

TaxConnex

AUGUST 15, 2024

Consider New York, where prepared food – like a bagel if an eatery toasts it – costs almost 9% more than an untoasted (i.e., unprepared) bagel.

Sales 264

Sales South Dakota Tax South Carolina 264

TaxConnex

APRIL 4, 2024

Several states also tossed in the number of transactions over a previous period: $100,000 or 200 transactions in the prior 12 months in Minnesota, for instance, or $500,000 and 100 transactions over the previous four sales tax quarters in New York.

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South Dakota North Dakota Wisconsin Iowa 264

TaxConnex

JANUARY 11, 2024

TikTok has told The New York Times that it has already signed up 200,000 sellers to Shop and that more than 100,000 creators could make videos and livestream with shopping buttons. The forum enables product discovery, checkout and post-payment activities from within the TikTok app. Is TikTok Shop a marketplace or eCommerce platform?

Sales 264

Sales Tax Utah tax return 264

TaxConnex

FEBRUARY 8, 2024

Exemptions can also seem whimsical: New York charges different sales tax on a bagel that’s sold as-is or has been toasted and smeared with cream cheese. Every year sees dozens if not hundreds of sales tax changes nationwide.

Sales 263

Sales South Dakota Tax Kentucky 263

TaxConnex

FEBRUARY 22, 2022

Let’s say a company has a customer in New York (which taxes SaaS) but the customer has individual users accessing the software from all over the country – not all of the users are in New York. Tax situs can affect both nexus determination and taxability determination for SaaS businesses.

Sales 246

Sales Tax North Carolina Mississippi 246

TaxConnex

MARCH 9, 2023

SD 1711 , to tax collection of data by commercial data collectors (similar to the New York bill below). In New York, S1845  proposes a 5% tax on the gross income of every corporation that derives income from the data that New York individuals share with such corporations. million.

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Sales Indiana Tax Massachusetts 147

BurklandAssociates

DECEMBER 17, 2024

Tax Deadlines San Francisco Tax Deadlines New York Tax Deadlines Seattle Tax Deadlines 2025 U.S. Tax Deadlines for Startups JAN 31: R&D Tax Credit Form 941 to claim R&D Read More The post 2025 Tax Deadlines for Startups appeared first on Burkland.

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Tax New York 130

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. Most states have no special rules for supplements and vitamins.

Sales 246

Sales West Virginia Tax Vermont 246

TaxConnex

SEPTEMBER 5, 2024

Illinois, New York and the state of Washington have also discussed RDFs and it seems plausible that other states will soon take up the debate, too. New Jersey: Taxable if the item is. New Mexico: Taxable, but bear in mind that the state has a gross receipts tax , which can be passed on to the buyer or not.

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Sales Tax Rhode Island Kansas 264

TaxConnex

AUGUST 18, 2022

California and New York are especially aggressive at going after taxpayers in other states who have these connections yet live somewhere else. Many states have statutory resident rules that kick in if your worker is physically present and living in that state for a certain number of days.

Sales 246

Sales Tax New Hampshire income tax 246

TaxConnex

AUGUST 8, 2024

In New York, f arm operations (lumped in commercial horse breeding) are exempt from paying sales tax on items used in the farming operation, but no exemption is automatic. Consumable supplies such as fuel, grease, and anti-freeze are not repair or replacement parts and do not qualify under the Illinois exemption, either.”

Agriculture 264

Agriculture Sales Tax South Dakota 264

TaxConnex

JANUARY 16, 2024

Let’s say a company has a customer in New York (which taxes SaaS) but the customer has individual users accessing the software from all over the country. Note that a growing number of states are also beginning to levy sales tax on services generally.

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Iowa Connecticut Maryland Colorado 264

TaxConnex

SEPTEMBER 1, 2022

New York: $500,000 sales AND 100 transactions. Many states followed suit with the same thresholds, but others have adjusted theirs to different revenue or transaction counts. Some examples: Iowa: Gross sales to the state over $100,000; no annual transaction threshold. Mississippi: $250,000 sales; no transaction threshold.

South Dakota 246

South Dakota Mississippi Iowa Sales 246

CPA Practice

DECEMBER 6, 2024

3 settled disciplinary orders sanctioningNew York-based accounting firm Raines & Fischer and three of its partnersWilliam Fischer, Brian Uhlman, andSteven Sarrelfor violating PCAOB rules and standards. Staff report The Public Company Accounting Oversight Board (PCAOB) on Dec.

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New York audit financial statements accounting firms 52

TaxConnex

FEBRUARY 1, 2022

New York ’s, a tax of 2.5-10%, Three states – Arkansas , Connecticut and Indiana – have explored specifically taxing advertising on social media. Connecticut ’s levy of 10% tax on revenues for large platforms ($10B global) appears to have gone to a public hearing 10 months ago. 10%, is in a committee in that state’s Senate.

Maryland 244

Maryland West Virginia Tax Connecticut 244

TaxConnex

MAY 10, 2022

New York has held that a limited liability company was entitled to a refund of sales tax paid on the purchase of a one-half interest in a Picasso painting because the taxpayer leased its share of the painting on the same day the painting was purchased and that it was purchased “for one and only one purpose: resale.”.

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Sales Mississippi Tax Non-Profits 242

TaxConnex

DECEMBER 5, 2023

New York State and local sales taxes in the state are imposed on dues and membership fees paid to any athletic club in the state. “To One club claimed that membership sales tax didn’t apply because members got, in addition to access to equipment for “recreation” or “amusement,” voting rights to help run the club.

South Carolina 264

South Carolina Sales Tax West Virginia 264

Withum

MARCH 29, 2023

It was the best of times; it was the worst of times for New York Met Fans. This article is not a discussion of whether the Mets have improved their rotation but a discussion of how the new teams affect the tax situations of the ace pitchers. Next, as to the case of Justin Verlander, he is moving from Texas to New York.

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Texas New York income tax Sports 122