TaxConnex

AUGUST 8, 2024

Here in Illinois, the equipment exemption applies to ‘new and used farm machinery and equipment the buyer certifies will be used primarily for production agriculture,’” notes the consultancy CliftonLarsonAllen Wealth Advisors.

Agriculture 264

Agriculture Sales Tax South Dakota 264

TaxConnex

JANUARY 7, 2021

North Carolina imposes tax on sales of e-delivered greeting cards and photographs. Ron Wyden (D-OR) which also failed to make it through the legislative branch. Slightly more than half the states now tax sales of digital products. Some states tax ringtones as digital products and some don’t.

North Carolina 246

North Carolina Technology Nebraska Alaska 246

MyIRSRelief

MAY 24, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

North Carolina 130

North Carolina Oklahoma Ohio Texas 130

Withum

AUGUST 14, 2024

On August 9, 2024, the IRS announced relief from certain tax filing and payment deadlines for individuals and businesses in all of South Carolina, most of Florida and North Carolina, and part of Georgia that were affected by Hurricane Debby.

South Carolina 126

South Carolina North Carolina Georgia Tax 126

TaxConnex

AUGUST 24, 2021

If you are selling through a marketplace, the majority of states now have these laws in place, including, recently , Georgia, Florida, Hawaii, Wisconsin, Illinois, Michigan, South Carolina and North Carolina.

Sales 246

Sales South Dakota Tax South Carolina 246

TaxConnex

JANUARY 11, 2022

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required). Shipping is not taxed in Nevada, but handling is.

Sales 246

Sales Rhode Island South Dakota North Dakota 246

TaxConnex

APRIL 5, 2022

Most recently: North Carolina determined that in one instance there was no sales tax on subscription fees for SaaS because the taxpayer’s customers don’t receive a tangible copy of or?an?electronic Similarly, SaaS is exempt in Illinois but is subject to a 9% personal property lease transaction tax in the city of Chicago.

North Carolina 241

North Carolina Connecticut New York Colorado 241

MyIRSRelief

JULY 3, 2023

Louis, Missouri Omaha, Nebraska Minneapolis, Minnesota Tampa, Florida Anaheim, California Cincinnati, Ohio Honolulu, Hawaii Bakersfield, California Riverside, California Oklahoma City, Oklahoma Durham, North Carolina Wichita, Kansas St.

audit 130

audit North Carolina Oklahoma Ohio 130

TaxConnex

APRIL 12, 2022

North Carolina has issued a? Joint Resolution 33 proposes to allow taxation of “subscriptions, licenses for digital products, and online purchases of tangible personal property.” It still needs approval from the full House. private letter ruling ?finding

South Dakota 246

South Dakota Sales Tax North Carolina 246

CPA Practice

OCTOBER 10, 2024

3 that was attended by members from the Georgia Society of CPAs, North Carolina Association of CPAs, South Carolina Association of CPAs, Tennessee Society of CPAs, and the Virginia Society of CPAs on disaster recovery. Last weekend, the IRS team moved to North Carolina to assist with door-to-door search efforts.

North Carolina 116

North Carolina South Carolina Tennessee cpas 116

Accounting Today

JUNE 21, 2024

Plus, North Carolina Association of CPAs names next CEO; Weaver promotes 17 to partner; and other news from across the profession.

North Carolina 111

North Carolina cpas 111

CPA Practice

MAY 8, 2023

More than 300,000 individuals chose North Carolina as their new home. Although the effective property tax rate in North Carolina is a little higher than California’s at 0.8%, the move still saves people thousands of dollars in property taxes.

New York 125

New York California North Carolina South Carolina 125

CPA Practice

MARCH 22, 2024

By Brian Gordon, Raleigh News & Observer (TNS) With offices overlooking right field of Durham Bulls Athletic Park, the tax compliance software provider Avalara intends to add 100 workers to its downtown location in Durham, NC, by the end of the year.

North Carolina 59

North Carolina E-commerce Technology Tax 59

CPA Practice

OCTOBER 1, 2024

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. 25 in North Carolina, South Carolina, and Virginia; and Sept.

South Carolina 130

South Carolina North Carolina Tax Alabama 130

TaxConnex

FEBRUARY 22, 2022

North Carolina gave a SaaS licensorer a break on sales tax because customers don’t receive a tangible copy of or?an?electronic Hawaii clarified when its general excise tax applies to software sales.; electronic download of the software as part of a subscription fee. The side dishes.

Sales 246

Sales Tax North Carolina Mississippi 246

Accounting Today

JULY 19, 2024

Vermont, North Carolina, New Jersey and Ohio provide standout examples this summer. You need to be on your toes if you work in sales tax, as states are known to make substantial sales tax policy changes with little to no notice.

North Carolina 101

North Carolina Vermont Sales New Jersey 101

TaxConnex

JULY 15, 2021

North Carolina revenue collections for the year ending June 30 will be $1.9 billion more than once anticipated. The current-year forecast reported that corporate income and franchise taxes will be 78% higher compared to what was collected last year, with sales taxes up 16%.

Sales 219

Sales Tax Louisiana North Carolina 219

CPA Practice

AUGUST 30, 2023

[link] Hurricane and tropical storm warnings are now posted for most of the southern part of Georgia, as well as parts of South and North Carolina, where “significant storm surge will continue,” the agency stated.

Georgia 105

Georgia Florida North Carolina South Carolina 105

CPA Practice

MAY 8, 2023

Based on that data, Fortune ranked the top 11 online master’s in accounting programs for 2023.

North Carolina 111

North Carolina Account accountant accounted 111

Cherry Bekaert

APRIL 22, 2024

North Carolina: The North Carolina Job Development Investment Grant provides a cash refund of up to 80% of personal income taxes generated by new jobs for up to 12 years. Mississippi: Mississippi offers a job credit of up to 10% of the new payroll for a five-year period, depending on the company’s location.

South Carolina 105

South Carolina North Carolina Mississippi Tennessee 105

CPA Practice

MARCH 16, 2023

North Carolina gained 0.37 North Carolina has ranked first among states since June 2022 and has had an index above 102 since October 2021. At 99.86, the Midwest has had the strongest one-month change rate among regions for the past three months. The Midwest, led by Illinois, has gained 0.77

North Carolina 119

North Carolina Hospitality Illinois payroll 119

Withum

FEBRUARY 16, 2024

Scott not only is active with several local nonprofit organizations, but also is a founding board member of Folds of Honor Eastern North Carolina, which provides educational assistance to spouses and children of fallen and disabled military, as well as families of first responders.

Washington 111

Washington North Carolina Education tax services 111

TaxConnex

SEPTEMBER 5, 2024

North Carolina: S&H generally taxable. North Dakota : Taxable if the product 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. Ohio: Generally taxable. Oklahoma: If separately stated, exempt. Pennsylvania: Shipments are proportionately taxable.

Sales 264

Sales Tax Rhode Island Kansas 264

Cherry Bekaert

MAY 7, 2024

Related Thought Leadership Article: Top 10 States for Credits and Incentives Opportunities Article: How To Determine if Your Company Is Eligible for State Credits and Incentives Podcast: How To Take Advantage of Pass-Through Entity Tax in North Carolina Podcast: How Does the Georgia Pass-Through Entity Tax Election Work?

Virginia 115

Virginia North Carolina Tax Georgia 115

PANALITIX

DECEMBER 3, 2020

In the words of the founder of a North Carolina-based 12-person accounting firm, “Changing my mindset was the first important step I took in reforming my business. To ‘undo’ these habits requires a change in mindset, thought process, a cultural shift, a transformation. A concerted, long-term effort is required.

Account 231

Account accountant accounted North Carolina 231

Cherry Bekaert

AUGUST 2, 2023

Opioid Settlement Funds Opioid Settlement Funds were also highlighted, noting that governmental units need to fulfill both the requirements of the North Carolina Memorandum of Agreement (MOA) and the North Carolina Local Government Budget & Fiscal Control Act.

North Carolina 94

North Carolina accounting and finance financial statements Government 94

CPA Practice

SEPTEMBER 3, 2024

And a large percentage of them are ending up in the Old North State. North Carolina ranked No. By Chantal Allam The News & Observer (Raleigh, NC) (TNS) High-earning millennials—those with annual incomes above $200,000—are exiting states like New York and California in droves, according to new analysis by SmartAsset.

North Carolina 104

North Carolina Florida New York Texas 104

TaxConnex

SEPTEMBER 26, 2024

Dates vary – a lot Many states’ certificates have no expiration: Arizona (the seller chooses the period of exemption); Arkansas; Colorado (this can depend on the purpose of the exemption); Georgia; Hawaii; Idaho; Indiana; Maine; Minnesota; Mississippi; Nebraska; New Mexico; New Jersey, New York, North Carolina; North Dakota; Ohio; Oklahoma; South Carolina; (..)

Rhode Island 130

Rhode Island West Virginia South Dakota North Dakota 130

TaxConnex

JANUARY 17, 2023

A mixed package incurs sales tax on the portion of shipping equal to that portion of the package that is taxable goods: This occurs in Arkansas, Minnesota, Nebraska, New York, North Carolina and Rhode Island. Tax-free states.

Rhode Island 130

Rhode Island West Virginia Sales Alaska 130

TaxConnex

FEBRUARY 14, 2023

By the way, North Carolina and Pennsylvania are among states imposing tax on sales of electronically delivered greeting cards – maybe the next frontier in sales tax and its impact on Valentine’s Day. Slightly more than half the states tax sales of digital products.

Rhode Island 130

Rhode Island Sales North Carolina Tax 130

TaxConnex

AUGUST 11, 2022

North Carolina: The state’s Department of Revenue explained in a private letter ruling request that the purchasers of machinery and equipment for a manufacturing plant are not exempt from state sales and use tax.

Sales 130

Sales Tax North Carolina Pennsylvania 130

TaxConnex

DECEMBER 3, 2024

A North Carolina-based online retailer has lodged a complaint in the state’s Business Court that their tax advisory firm failed to warn about sales tax filing obligations. The motivation for such a report isn’t reported, but efforts to create a sales tax in Montana date back more than 50 years.

Sales 162

Sales Tax Montana Alaska 162

Cherry Bekaert

OCTOBER 10, 2023

North Carolina On October 3, 2023, House Bill 259 (Session Law 2023-134) , North Carolina’s 2023 budget bill, was enacted. For tax year 2022, the Iowa PTE Tax election must be made after January 2, 2024, or the due date for filing the taxpayer’s 2022 IA 1065 or 2022 IA 1120S return, including extensions.

Iowa 104

Iowa North Carolina Virginia Tax 104

CPA Practice

OCTOBER 8, 2024

The scope of disaster relief encompasses individuals and businesses throughout Alabama, Georgia, North Carolina, and South Carolina, as well as 41 counties in Florida, eight counties in Tennessee, and select areas in Virginia, including six counties and a city.

South Carolina 116

South Carolina North Carolina Tax tax return 116

TaxConnex

SEPTEMBER 7, 2023

Sometimes nonprofits and not-for-profits must pay sales tax when they buy items, at least initially, as in North Carolina. Location, location, location 501(c)(3) organizations are exempt from sales tax on their purchases in Colorado and in Utah. Most states, like Michigan , require special registration for exemption.

Sales 147

Sales Tax Non-Profits North Carolina 147

Going Concern

MARCH 6, 2023

Today, we’ve learned of another education-experience partnership: a high school in North Carolina that is sending kids to work at accounting firms, among other local employers.

North Carolina 105

North Carolina Education accounting firms CPA 105

Accounting Today

NOVEMBER 15, 2023

YPTC received a strategic growth investment from Pamlico Capital, a private equity firm based in Charlotte, North Carolina.

North Carolina 78

North Carolina 78