TaxConnex

NOVEMBER 14, 2024

Let’s say a retailer based in South Carolina sells a baseball hat through its website to a customer in Illinois. The South Carolina retailer purchases the baseball cap from a distributor located in Arkansas and instructs the distributor to ship the baseball cap directly to the customer in Illinois.

South Carolina 162

South Carolina Sales Illinois Arkansas 162

TaxConnex

JULY 8, 2021

The holidays may only cover state sales tax but not local sales taxes, as in South Carolina (which, like other states, has no price cap on eligible items). Other unusual exempt items include certain chain saws in Virginia and bed linen in South Carolina. Many states’ holidays are fixed and annual (but not all!).

Sales 246

Sales South Carolina Tax E-commerce 246

TaxConnex

MAY 26, 2022

As an example, a distributor/wholesaler in Arkansas sells to a retailer in South Carolina and drop ships to the retailer’s customer in Illinois. Instead, they are leveraging other suppliers/distributors who “drop ship” directly to the customer.

South Dakota 244

South Dakota South Carolina Sales Illinois 244

TaxConnex

AUGUST 15, 2024

South Carolina cuts meat packers a tax break for every dressed deer or wild hog they send to a food pantry. You can get a big tax break in New Mexico if you just live to 100. Louisiana lets small private aircrafts soar tax-free, and Connecticut extends that to bigger planes. Some taxes are used to benefit specific groups.

Sales 264

Sales South Dakota Tax South Carolina 264

TaxConnex

JUNE 1, 2021

South Carolina, for instance, gives a slightly better break for electronic filing rather than paper filings. Some states, like Indiana and Wisconsin, vary the discount depending on the amount of tax collected and remitted.

Sales 246

Sales South Carolina Tax Utah 246

Cherry Bekaert

MAY 27, 2024

South Carolina legislature recently passed both an expansion and extension of the Abandoned Buildings Revitalization Act , which has been instrumental in the revitalization of abandoned and neglected properties across the state.

South Carolina 52

South Carolina Real Estate Tax Delaware 52

TaxConnex

DECEMBER 28, 2023

States expected to be hit hardest by falling sales tax revenue are Idaho, South Dakota, Louisiana, South Carolina and Florida. Only seven states are forecasting growth exceeding 5%, while eight forecast declines in sales tax revenues in fiscal 2024. Delivery fees “Sales taxes” are starting to take different forms.

South Dakota 264

South Dakota Sales Tax Louisiana 264

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

MARCH 22, 2022

Colorado, Mississippi, Nevada, Ohio and Louisiana are among states offering a discount for prompt payment; Arizona gives a better discount for e-filers; Florida and South Carolina offer both. among other conditions, to qualify for these discounts. Michigan offers progressively better discounts for progressively prompter payment.

Sales 246

Sales Utah South Carolina Tax 246

CPA Practice

APRIL 25, 2023

A South Carolina return preparer has pleaded guilty, after his jury trial had begun, to two counts of filing false tax returns. Attorney Adair Boroughs for the District of South Carolina and Special Agent in Charge Donald Trey Eakins of IRS-Criminal Investigation, Charlotte Field Office, made the announcement.

South Carolina 52

South Carolina tax return Tax tax preparation 52

TaxConnex

JANUARY 11, 2022

Origin and destination sourcing figure big in South Carolina. In Maryland, the shipping charge becomes taxable when it’s combined with handling. Give a buyer in Louisiana the option to contract separately for shipping and the cost becomes tax-exempt.

Sales 246

Sales Rhode Island South Dakota North Dakota 246

TaxConnex

MAY 7, 2024

South Carolina has stated that a company’s sales and rentals of digital textbooks are exempt from sales and use tax. It is not a substitute for the Rhode Island General Laws or for Rhode Island Division of Taxation regulations, rulings, or notices.

Rhode Island 264

Rhode Island Sales Tax South Carolina 264

TaxConnex

MAY 19, 2022

South Carolina voters may approve a local option tax through county referendum. Recent examples include: Arizona counties and cities can charge an additional local sales tax and the state also has more than 500 special jurisdictions with local sales taxes in addition to the state sales tax.

Alaska 246

Alaska Colorado Louisiana West Virginia 246

Accounting Today

SEPTEMBER 6, 2023

The IRS is giving South Carolina residents impacted by the storm later filing and payment dates.

South Carolina 130

South Carolina Tax 130

TaxConnex

JULY 20, 2021

Some recent examples include the following: Arizona and South Carolina now allow certain local jurisdictions to diverge from the state sales tax base. You may be wondering if other states will embrace the concept of allowing local jurisdictions to administer their own sales tax programs.

Sales 245

Sales Alaska Louisiana Tax 245

TaxConnex

JANUARY 28, 2021

South Carolina has extended through June 30, 2021, relief that it previously announced regarding the establishment of income and sales tax nexus solely because an employee is temporarily working in a different work location due to COVID-19. 20 and not to any withholding required to be paid on an accelerated schedule.

Sales 233

Sales Alaska Tax Illinois 233

TaxConnex

JUNE 8, 2021

South Carolina sales tax collections are 10% greater than predicted this budget year. Online sales skyrocketed in 2020 – a trend only expected to continue. Many states are finding that online sales have diffused previous dire predictions about how the pandemic would hammer tax revenues.

Sales 223

Sales Tax Arkansas South Carolina 223

TaxConnex

OCTOBER 13, 2022

Two years later, South Carolina concluded in a similar case that sales of electricity by utilities to a company for its vehicle-charging stations are wholesale sales not subject to South Carolina sales tax – but that sale of electricity to the company’s customers at its charging stations are retail sales subject to the state’s sales tax.

South Carolina 130

South Carolina Sales Tax Colorado 130

Cherry Bekaert

APRIL 22, 2024

However, all job creation incentives typically require: 1) A minimum net job increase 2) Maintained jobs 3) Operations in certain industries or activities Jobs Tax Credits may be claimed on a retroactive basis in Georgia, South Carolina, Mississippi, Tennessee and Virginia in any open tax years.

South Carolina 105

South Carolina North Carolina Mississippi Georgia 105

TaxConnex

MAY 23, 2023

California, Idaho, South Carolina, Tennessee and Virginia exempt clothing sales for some nonprofits. Connecticut, South Carolina, Ohio and Virginia exempt some protective clothing. Playing dress-up Clothing is taxable in most states and the District of Columbia.

South Carolina 130

South Carolina South Dakota Sales Montana 130

CPA Practice

DECEMBER 19, 2023

South Carolina updates Max Tax There are a couple of changes to South Carolina’s maximum tax as of December 1, 2023. Also as of December 1, tax returns for South Carolina’s maximum tax can no longer be filed on paper; Max Tax returns must be filed electronically. cents per gallon.

South Carolina 111

South Carolina Tax Florida tax return 111

TaxConnex

OCTOBER 5, 2021

The lowest per-capita excise tax states have included South Carolina, Nebraska, Idaho, and Arizona. Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland.

Sales 189

Sales Tax South Carolina Hawaii 189

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

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. This column will be continually updated. Florida Institute of CPAs FICPA hosted a webinar on Oct.

North Carolina 116

North Carolina South Carolina Tennessee Georgia 116

Accounting Today

DECEMBER 13, 2022

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South Carolina 52

South Carolina 52

Withum

MARCH 23, 2021

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South Carolina 52

South Carolina Tax 52

TaxConnex

SEPTEMBER 5, 2024

South Carolina: Generally taxable if the item is. South Dakota: Taxable unless the item is exempt or the charge is separate from the sale. Pennsylvania: Shipments are proportionately taxable. If no breakout is provided, the entire shipping and handling charges are subject to sales tax. Tennessee: Taxable if the item is.

Sales 264

Sales Tax Rhode Island Kansas 264

CPA Practice

MAY 8, 2023

More than 40,000 New Yorkers relocated to the Carolinas. Low property tax states More than 184,000 people relocated to South Carolina. The average effective South Carolina property tax rate is only 0.56%, which is less than California’s (0.75%). 7,441 New Yorkers moved to Tennessee.

New York 125

New York California North Carolina South Carolina 125

CPA Practice

OCTOBER 2, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb.

South Carolina 124

South Carolina Tax Georgia income tax 124

CPA Practice

FEBRUARY 11, 2023

In addition, many people in Georgia, Massachusetts, South Carolina and Virginia also will not include state payments in income for federal tax purposes if they meet certain requirements. Alaska is in this group as well, but please see below for more nuanced information.

Rhode Island 131

Rhode Island South Carolina income tax Idaho 131

TaxConnex

NOVEMBER 7, 2023

South Carolina gives a big break to retailers who aren’t required to collect and remit the state sales but volunteer to do so. Generally, the breaks are small percentages of the sales tax that you collected and remitted to the state, perhaps 1% or even less, though Colorado and Georgia have relatively generous discounts.

South Carolina 147

South Carolina Colorado Pennsylvania Kentucky 147

CPA Practice

SEPTEMBER 12, 2023

By Katelyn Washington, Kiplinger Consumer News Service (TNS) Following Tropical Storm Idalia, the IRS has granted tax relief to South Carolina residents impacted by the storm. Tropical Storm Idalia hit South Carolina on Aug. Is the South Carolina state tax deadline extended? 29, 2023, and Feb.15, 29 and Feb.

South Carolina 64

South Carolina Tax tax return income tax 64

CPA Practice

OCTOBER 16, 2023

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb.

South Carolina 111

South Carolina Georgia income tax Vermont 111

CPA Practice

AUGUST 15, 2023

South Carolina property taxes South Carolina doesn’t have a specified annual property tax cap, but taxing jurisdictions (for example, school districts and counties) can raise tax rates in accordance with inflation and population increases, according to the South Carolina Revenue and Fiscal Affairs Office.

South Carolina 94

South Carolina Michigan Tax Washington 94

Accounting Today

FEBRUARY 20, 2024

The Georgia-based firm is expanding to South Carolina in its first M&A deal since 1978.

South Carolina 78

South Carolina Georgia 78

TaxConnex

SEPTEMBER 26, 2024

In other states, exemption certificates expire after set periods, such as one year in Alabama and three years in Connecticut, Illinois (where three years is the recommended update period for a resale certificate), Iowa and Louisiana.

Rhode Island 130

Rhode Island West Virginia South Dakota North Dakota 130