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State Sales and Use Tax Update

TaxConnex

New York City tax revenues in March and April fell $1.15 Sales tax accounted for the largest decline, falling $918 million, or 23 percent. In New York State , the sales tax payment the county of Onondaga received recently was $10 million higher than the same period last year. Texas state sales tax revenue totaled $2.57

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Understanding use tax

TaxConnex

One quick explanation of the difference is an example from Alabama : The consumers use tax is imposed on tangible personal property brought into Alabama for storage, use, or consumption in the state when the seller did not collect seller’s use tax on the sale of the property. California state income tax return.”.

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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

The bill would raise the sales tax for online purchases in the state to 9.3%, claiming that the increase levels the field between online shopping and buying from local stores. Sales and use will be the inaugural tax to be serviced. The rate would be recalculated every five years. Voters throw a huge block.

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What's new in May for state sales and use taxes

TaxConnex

Voters will likely be asked this fall if they’re willing to increase the city’s 5% sales tax to 6% during the summer in exchange for exempting food from sales tax year-round. Sales taxes have become less neutral, less equitable, and less economically efficient over time,” the Foundation said. Time for a renovation? An old story.

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Top Remote Accountants of the Week | August 29, 2024

Going Concern

ACCOUNTING CANDIDATES FTE Accounting | Candidate ID #22164759 Certifications: CPA in process Education: BA and MA Accounting Experience (years): 20 years business experience Work experience (detail): 6+ in public accounting Provides accounting services for multiple clients Payroll processing and tax filing Prepares Federal filings for SMBs, S-Corps (..)

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Top Remote Accountants of the Week | September 5, 2024

Going Concern

TAX AND ACCOUNTING CANDIDATES FTE Tax and Accounting | Candidate ID #22410136 Certifications: CPA Education: BS Accounting, MBA Experience (years): 15+ years accounting experience Work experience (detail): Currently a Tax Senior at a CPA firm Experience with expense planning for S-corps Filed 150+ SMB and individual tax returns last season Tax planning (..)

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How Colorado’s 2022 Retail Delivery Fee Will Impact Out-of-State Retailers

Anders CPA

Who will be most impacted by the new retail delivery fee Colorado has begun collecting, and how can businesses adjust? Although the retail delivery fee is based in Colorado, businesses in other states that sell taxable goods to Colorado customers will also feel the effects. Key Takeaways: The retail delivery fee amounts to $0.27

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