TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries.

Sales 246

Sales Tax Colorado Massachusetts 246

TaxConnex

JANUARY 28, 2021

There’s always something changing or new going on in the world of tax, especially sales tax. Nationwide , the Streamlined Sales Tax Governing Board has made amendments to the Streamlined Sales and Use Tax (SST) Agreement to revise its amnesty-related provisions. It’s reported to bring about $9 million in revenue annually.

Sales 233

Sales Tax Alaska Illinois 233

TaxConnex

JANUARY 17, 2023

Online sales could not exist without shipping, and the charges associated with shipping are subject to sales tax in many states. Question is, who has to pay that sales tax these days, and where? For sales tax purposes, you’ll see reference to “shipping,” “shipping and handling” (Arizona taxes these two, for instance) and “delivery”.

Rhode Island 130

Rhode Island West Virginia Sales Alaska 130

TaxConnex

NOVEMBER 23, 2021

A time many retail businesses rely on to meet their year-end numbers. eCommerce has become a growing and important aspect of retail sales. Other reports show that eCommerce made up roughly $1 out of every $5 spent on retail in 2020, up from about $1 out of every $7 spent in 2019. eCommerce grew by more than 40%.

Sales 246

Sales Tax tax return Retail 246

CPA Practice

MAY 30, 2024

The 10 newest partners at Milwaukee-based Wipfli are: Nate Bartz (audit and accounting, manufacturing, retail and distribution — Upper Great Lakes) Kate Brown (technology advisory/analytics, manufacturing, retail and distribution — Great Plains) Cheryl Carr (outsourced services, manufacturing, retail and distribution — Lower Great Lakes) Jared Heimerl (..)

Real Estate 59

Real Estate Construction Manufacturing tax services 59

Withum

JUNE 6, 2022

The taxpayer in PLR 202221006 (March 3, 2022) is a pharmaceutical distributor that engages in the retail sale of a limited number of drugs. This second point is particularly helpful to selling shareholders who want clarity on whether their business is a QTB so they can calculate how much tax will be due on their sale of stock.

Tax 126

Tax income tax Pharmaceutical Manufacturing 126

inDinero Tax Tips

JULY 11, 2023

The home office deduction can help business owners or remote workers cut back on their tax bills — but figuring out if you qualify or how to apply it can be challenging. If you’d prefer to avoid the hassle and want more time to focus on what you do best, consider indinero’s business tax services.

Tax 93

Tax business tax tax services Entertainment 93

Withum

JUNE 1, 2022

Unfortunately, a deteriorated supply chain and increased inflation most likely will increase the tax bill for businesses that use the LIFO method of accounting. Utilizing LIFO when costs are rising due to inflation is generally advantageous for income tax purposes because sales prices are offset by higher inflated purchase costs.

business tax 119

business tax Tax income tax tax return 119

Going Concern

OCTOBER 31, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 59

Real Estate Account accounted accountant 59

xendoo

JANUARY 16, 2023

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

business tax 52

business tax Tax income tax payroll tax 52

Going Concern

OCTOBER 24, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate 59

Real Estate Account accounted accountant 59

inDinero Tax Tips

NOVEMBER 15, 2021

Claiming deductions can save your company thousands of dollars in income taxes. If the thought of filing your taxes is enough to make you sweat, you’re not alone. . The IRS announced a plan to increase audits for small businesses by 50% for the 2020 tax year. Check out these blogs: Year-End, Capital Gains Tax and Iffy Choices.

Tax 52

Tax income tax Legal Entertainment 52

CPA Practice

SEPTEMBER 12, 2024

Most recently, he served as executive vice president and chief banking officer at a major regional financial institution where he was responsible for overseeing the bank’s commercial lending, retail lending, and retail banking units. Before joining Brady Martz, he served as President of Engineered Tax Services, Inc.

Kansas 104

Kansas Pennsylvania audit accounting and finance 104

inDinero Tax Tips

JULY 11, 2023

The home office deduction can help business owners or remote workers cut back on their tax bills — but figuring out if you qualify or how to apply it can be challenging. If you’d prefer to avoid the hassle and want more time to focus on what you do best, consider indinero’s business tax services.

Tax 52

Tax business tax tax services Entertainment 52

Cherry Bekaert

JUNE 5, 2024

Small and medium-sized businesses in the manufacturing, distribution and retail sectors have heavily relied upon this state protection since it was enacted in 1959 to decrease overall tax liability. Contact Us The post Impact for Small Businesses: MTC’s New Interpretation of PL 86-272 appeared first on Cherry Bekaert.

income tax 59

income tax Manufacturing Tax tax services 59

Going Concern

JUNE 13, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 59

Real Estate Account accounted accountant 59

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

Real Estate 59

Real Estate Account accounted accountant 59

Going Concern

JANUARY 4, 2024

Tax Credits & Incentive Services). Antonache manages federal and state tax consulting and compliance matters related to incentives for renewable energy development. International Tax Services). Automotive & Dealer Services Practice). Financial Services Practice). Financial Services Practice).

Real Estate 59

Real Estate Hospitality Texas Construction 59

Withum

NOVEMBER 17, 2022

In recent years there have been significant changes to the State and Local Tax Nexus rules. The Wayfair case validated economic nexus for sales tax purposes and amplified economic nexus for income tax purposes, signaling to all states that economic nexus is sound law. State and Local Tax Workarounds.

tax planning 52

tax planning Tax income tax New York 52

PYMNTS

JUNE 10, 2020

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. There are many online merchants out there that have static, hard-coded tax rates in their systems.”.

South Dakota 52

South Dakota Tax Sales tax services 52

PYMNTS

MARCH 15, 2019

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

Tax 77

Tax South Dakota Account accounted 77

CPA Practice

JUNE 27, 2024

Rinke Joins CohnReznick as International Tax Principal CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Daniel Rinke, JD, LLM , has joined the firm as a principal in its International Tax practice. as the managing partner of tax services.

Pennsylvania 52

Pennsylvania Healthcare West Virginia Maryland 52

TaxConnex

JANUARY 24, 2023

Shipping is indispensable to eCommerce yet sales tax on it remains a mishmash of regulations across the states. In our previous blog, we looked at how exemptions, the taxability of the item being shipped and selling into tax-free states affect sales tax on shipping.

Sales 26

Sales Tax South Carolina Massachusetts 26

CPA Practice

AUGUST 23, 2023

with offices around the world, has expanded its tax service capabilities serving clients in the private equity, venture capital (VC) and hedge fund space with the recent addition of two new partners to the firm, Gev Khan , CPA, MBA, and Eric Evans , CPA. Crowe LLP , a public accounting, consulting and technology firm in the U.S.

tax consultant 52

tax consultant Real Estate New York CPA 52

inDinero Accounting

DECEMBER 5, 2023

The Qualified Small Business Exemption (QSBS exemption) can shield up to $10 million, and sometimes more, of stock appreciation from capital gains tax. The rules are complex but worth understanding; there are substantial tax savings to be had by claiming this rare exemption. Table of Contents What is the QSBS Exemption?

tax return 52

tax return Mississippi Wisconsin Alabama 52

CPA Practice

OCTOBER 18, 2023

On-demand service marketplaces: great for midnight ice-cream cravings or last-minute school project supplies; complicated for tax compliance. And with marketplace facilitator laws in effect, more and more on-demand service providers are responsible for managing taxes for the transactions on their platforms.

Tax 52

Tax Sales audit tax services 52

Withum

AUGUST 8, 2023

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same. Does this seem extreme?

New York 96

New York income tax Manufacturing financial statements 96

PYMNTS

OCTOBER 3, 2019

sales tax obligations via the company’s sales tax application programming interface (API). Wayfair last year, many online retailers now have to collect sales tax in additional states. as well as automated registration, filing & remittance services, audit response and indemnification to its clients.

South Dakota 65

South Dakota North Dakota quickbooks Technology 65

Withum

MARCH 3, 2023

Supreme Court interpreted sales tax nexus under the Commerce Clause as a minimal physical connection with a state; however, in South Dakota v. 2080 (2018) , the Supreme Court held that physical presence is no longer the only requirement for sales tax nexus and expanded the meaning of nexus to include sales into a state by a remote seller.

South Dakota 52

South Dakota Tax Real Estate Sales 52

CPA Practice

JANUARY 4, 2024

The firm specializes in serving privately owned businesses and high-net-worth individuals with accounting, auditing, and tax services; business valuation aid; accounting software selection and implementation support; financial planning; and management advisory services and business planning. by revenue.

Real Estate 52

Real Estate New Jersey audit Manufacturing 52

CPA Practice

APRIL 26, 2024

By Arcelia Martin, The Dallas Morning News (TNS) Within 45 minutes of the Federal Trade Commission posting its latest ruling outlawing noncompete clauses , Ryan, a Dallas-based global tax services firm, filed the first of what would soon be a slew of lawsuits against the ban. That is the part that will be challenging,” Long said.

North Dakota 52

North Dakota Texas Oklahoma Minnesota 52

Withum

SEPTEMBER 6, 2022

Cannabis retailers are adapting and developing apps to facilitate purchases. Common strategies implemented by most retailers include using a consumer-focused design for consumers to filter and find the right products based on their preferences. E-commerce has also allowed cannabis retailers to expand their consumer base.

E-commerce 52

E-commerce Management Consulting Retail Transportation 52

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. TurboTax is among the platforms seeking to make it easier for U.S.

Gambling 88

Gambling Sports New Jersey Tax 88

CPA Practice

MARCH 13, 2023

Perfetto has worked with numerous large, publicly traded clients on complex accounting and audit matters such as acquisitions, impairment analysis, valuation, income tax provision, group audits, and management review controls. He also has significant experience working with mid-size and developing privately held businesses.

Real Estate 52

Real Estate forensic accounting Connecticut Hospitality 52

Cherry Bekaert

APRIL 24, 2023

Prior to the amendment, the law largely applied to interstate cigarette sales and was intended to promote greater legal and tax compliance with respect to -the cigarette industry. The second step in the compliance process is registration with the state tobacco tax administrator in each state that a company sells vapor products into.

Legal 40

Legal Tax Sales Government 40

CPA Practice

FEBRUARY 8, 2023

Following another strong year of aggressive growth, Andersen , a global provider of tax, valuation, financial advisory and related consulting services, has expanded its presence in Orange County, Calif. Likewise, clients in these markets will have access to Andersen’s full suite of tax services and extensive global platform.

Real Estate 52

Real Estate Agriculture Iowa income tax 52

CPA Practice

JULY 12, 2023

London, Vice President: London is the tax partner emeritus at Wiss & Company, LLP. in accounting and tax from St. Bennett started with BSSF as an intern and is now a Staff Accountant specializing in tax services. Deller started with BSSF as an intern and is now a Staff Accountant specializing in tax services.

Pennsylvania 52

Pennsylvania Maryland New York accounting and finance 52