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Sales Tax on Shipping: When Does it Apply?

TaxConnex

It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. Many states say that when the contents of a shipment are taxable, so is the shipping cost; similarly, when items in a shipment are exempt from sales tax, so is the cost of shipping.

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Owe Taxes? You May Lose Your Passport!

Withum

Federal Courts continue to reject constitutional challenges under the 5th Amendment to Section 7345, passed as part of the “Fixing America’s Surface Transportation Act” in 2015. Section 7345 gives taxpayers several ways they can work with the IRS to avoid the certification of their delinquent tax debt and referral to the State Department.

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The latest on sales tax on shipping charges (part 1)

TaxConnex

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”.

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Small Business Tax Deductions 101: What You Can (and Can’t) Write Off

inDinero Accounting

For small business owners and startup founders, navigating the complex world of tax deductions can feel like traversing a financial minefield. As we delve into the specifics, remember that tax laws are as dynamic as the business world itself. Indinero’s virtual bookkeeping service simplifies record keeping.

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Top Remote Accountants of the Week | October 24, 2024

Going Concern

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!

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How Paying Off Your Student Loans Could Increase Your Retirement Benefits

Withum

A student’s cost of attendance generally includes tuition and fees (net of certain amounts including scholarships) and an allowance for room and board, books, supplies, transportation, and miscellaneous expenses of the student. Business Tax Services. How will my employer know if I am making qualified student loan payments?

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How to Deduct Business Expenses While on Vacation

CPA Practice

Deductions for business travel can be available when someone must travel away from their tax home or main place of work for business reasons. Other expenses that are deductible include the following: Fares for taxis or other types of transportation. For future tax years, please be sure to reference any updates issued by the IRS.