Accounting Today

JULY 23, 2024

Individuals and businesses in the affected counties now have until next Feb. 3 to file various federal individual and business tax returns and make tax payments.

Texas 128

Texas Tax tax return business tax 128

Accounting Today

NOVEMBER 10, 2023

The fallout from a CPA exam cheating from last year continues down to the state level.

Texas 133

Texas CPA accountant Account 133

TaxConnex

NOVEMBER 3, 2020

Texas state sales tax revenue totaled $2.57 Sales tax is the largest source of state funding for the Texas budget, accounting for 60 percent of all tax collections. The sale of the pre-recorded video is taxable whether it is offered on demand or as a webcast replay. billion in September, 6.1 percent less than in September 2019.

Sales 246

Sales Tax Wisconsin Vermont 246

CPA Practice

NOVEMBER 28, 2023

has been supporting clients in the San Antonio and greater Texas market since 1980. A regional firm with a national reach, abip has more than 100 professionals in offices based in Houston, San Antonio, New Braunfels, and the Woodlands. Brehm, Havel & Co.

Texas 97

Texas cpa firm CPA cpas 97

CPA Practice

NOVEMBER 13, 2023

The Texas State Board of Public Accountancy approved an Agreed Consent Order assessing a reprimand and a $3,000,000 administrative penalty against Ernst & Young LLP (EY) on November 9, 2023. The penalty was the largest administrative penalty that the Texas Board has ever assessed against a CPA firm.

Texas 85

Texas public accounting cpa firm Account 85

CPA Practice

NOVEMBER 11, 2024

The U.S. (..)

Texas 126

Texas tax planning CPA Tax 126

TaxConnex

MAY 17, 2022

Major origin-based states include Texas, Pennsylvania, Ohio, Virginia and California. changed the sourcing of internet-based transactions for Texas retailers, shifting them from an origin-based to a destination-based sourcing model. Effective last Oct. This change has since been challenged with no answer yet.).

New Mexico 246

New Mexico Texas Illinois Colorado 246

TaxConnex

JULY 8, 2021

But holidays cover both state and local taxes in Oklahoma, Virginia, Texas, and other states. Other states like Maryland, Missouri, Texas, and Virginia have holidays for energy-efficient devices. You may or may not have to participate in a sales tax holiday in some states. Second Amendment holidays in Mississippi and Louisiana?

Sales 246

Sales South Carolina E-commerce Tax 246

TaxConnex

SEPTEMBER 17, 2020

Texas , even as a pandemic rages and wanes, is also enjoying a bump in sales tax revenue for fiscal 2020: $34.10 Sales tax is the largest source of funding for the Texas budget, accounting for 59 percent of all tax collections. Online sales tax revenue compared to the same period in 2019 increased $140 million between April and July.

Oklahoma 244

Oklahoma Texas Kansas Tennessee 244

TaxConnex

SEPTEMBER 10, 2020

Nevada , Texas , South Carolina and New Jersey are among the first states mandating surcharges on retail sales subject to sales tax. If the item or service sold is taxable, then the related fees or surcharges are also taxable, even if separately stated or identified as a dollar-for-dollar reimbursable expense,” reads the notice from Texas.

South Carolina 246

South Carolina Sales Nevada Tax 246

CPA Practice

MARCH 27, 2024

It’s not just average, everyday citizens who are moving to Texas. More of the ultra rich and powerful are beginning to call Texas home. The controversial Texas businessman and South Africa-native has close ties to Texas’ capital, Austin, as he’s made it the home of the Tesla Gigafactory. ©2024 The Dallas Morning News.

Texas 64

Texas Colorado Sports Technology 64

TaxConnex

SEPTEMBER 7, 2021

For example, in Texas, certain types of software receive a 20% exemption – essentially reducing the effective sales tax rate. Origin based states Major origin-based states include Texas, Pennsylvania, Ohio, Virginia and California. Those are the general rules. Most states and Washington, D.C.,

Texas 237

Texas Connecticut Real Estate Pennsylvania 237

TaxConnex

JANUARY 19, 2023

New York agrees, and so does Texas , where “the dissolution of a corporation, association, limited liability company, or partnership does not affect a responsible individual’s liability.” Texas and California are, however, among states where personal liability doesn’t always kick in until the actual collection of the sales tax.)

Wisconsin 246

Wisconsin Georgia Texas New York 246

TaxConnex

FEBRUARY 8, 2022

million ahead of estimates; Texas had state sales tax revenue of $3.56 Local use tax is due at the location where the order is shipped or delivered when the order is not received or fulfilled from a Texas place of business. Arkansas had an almost 20% gain in December, pushing state tax revenue 1.5% billion, an increase of $243.4

Sales 245

Sales Tennessee Tax Massachusetts 245

Accounting Today

DECEMBER 30, 2022

(..)

Texas 105

Texas bookkeeping Account accountant 105

TaxConnex

APRIL 9, 2024

The products incur sales tax in most states (Massachusetts casts an especially wide net) but are more or less exempt in Connecticut, Florida, Maryland, Michigan, New Jersey, New York, Texas, West Virginia and Wyoming.

Sales 264

Sales West Virginia Tax Virginia 264

TaxConnex

JANUARY 28, 2021

The Texas Comptroller has posted FAQs on its website regarding post- Wayfair obligations for remote sellers, marketplace sellers and marketplace providers. The assessment covered Q1 of 2016 only.

Sales 233

Sales Alaska Tax Illinois 233

TaxConnex

AUGUST 15, 2024

And do they: Much has been written about Texas , for instance, which charges sales tax on belt buckles. Sometimes, though, sales tax holidays just plain do good – like the fixed one in Connecticut on bike helmets, kids’ car seats, college textbooks, firearm safety devices, medical goods and pollution-control equipment, to name a few.

Sales 264

Sales South Dakota South Carolina Tax 264

TaxConnex

OCTOBER 8, 2020

Texas and Maryland. An out-of-state seller can use a customer’s registered IP address to source sales for Texas sales tax purposes, however, sourcing the sale based on the physical address associated with the registered IP address.

Sales 147

Sales Texas Tax Nevada 147

TaxConnex

NOVEMBER 2, 2021

The products are tax-exempt (more or less) in the District of Columbia, Florida, Maryland, Michigan, New Jersey, New York, Texas, Vermont, West Virginia and Wyoming. Most states have no special rules for supplements and vitamins.

Sales 246

Sales West Virginia Tax Vermont 246

Accounting Today

MARCH 22, 2024

PBMares establishes new risk advisory consulting practice; Weaver adds a tax partner; and more news from across the profession.

Texas 115

Texas Tax 115

TaxConnex

JULY 12, 2022

Texas sales tax revenue for the three months ending May 2022 was up 15.7% The Texas Comptroller has issued a publication discussing applicability of sales tax to data processing services listing taxable and nontaxable services. for how this will change sales tax filing and other taxpayer services?when when the transition occurs.

Sales 246

Sales Tax Oklahoma Illinois 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 147

North Carolina Oklahoma Ohio Texas 147

Accounting Today

OCTOBER 4, 2023

The Top 50 Firm is expanding its presence in Texas by adding a firm based in Dallas.

Texas 126

Texas 126

TaxConnex

JANUARY 16, 2024

This includes whether you’re selling to a business or a consumer (as in Iowa, Maryland and Ohio), unique state sales tax rates (Connecticut), home-rule jurisdictions (Colorado and Illinois), partial exemptions (Texas), to name a few. Though more common in telecom , infrastructure in a state can also create nexus for a SaaS company.

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Iowa Connecticut Maryland Colorado 264

TaxConnex

APRIL 7, 2022

Last year for example, Texas, hammered by winter weather and power outages, pushed its February deadline for filing and paying state taxes and fees (including sales and use taxes) to March. Not difficult, but still takes time and consideration. It also pays to keep your eye on headlines and the overall economy.

Sales 246

Sales Tax Texas income tax 246

TaxConnex

FEBRUARY 1, 2022

Similar bills are labeled “dead” in Texas and appear to have died in committee in Indiana. The District of Columbia floated the idea two years ago, though the idea didn’t make it into final law. Nebraska has tabled the idea for now while Montana has killed theirs. Which leaves you where?

Maryland 244

Maryland West Virginia Tax Connecticut 244

TaxConnex

JULY 9, 2024

Some states, such as Florida and Texas, can give one due date for payment and another for the return, meaning you could find yourself with an unexpected penalty. (Note that some tax jurisdictions block ACH debits.) Returns Both late filings and missed payments can ignite penalties, which are expensive.

Sales 264

Sales Tax Colorado tax return 264

TaxConnex

DECEMBER 14, 2023

Texas has a similarly long list, and tosses in data processing, debt collection and telecommunications. Ditto Kentucky , which as of this year applied its sales and use tax to more than 30 additional service categories, including bodyguarding, repo work and interior decorating and design.

West Virginia 264

West Virginia Virginia Kentucky Minnesota 264

TaxConnex

DECEMBER 5, 2023

Nuances abound nationwide: In Texas , memberships in health and fitness clubs are taxable as amusement services unless the membership is purchased under a written prescription for health maintenance; a new prescription is required for each membership renewal.

South Carolina 264

South Carolina Sales Tax West Virginia 264

Accounting Today

APRIL 18, 2024

The lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail.

Texas 78

Texas audit 78

TaxConnex

MARCH 11, 2021

Texas has clarified that the sale or lease of software installed on computer hardware is part of the sale or lease of the computer hardware. The sale or lease of digital property on fixed physical media (such as compact discs) is the sale or lease of tangible personal property.

Sales 246

Sales Technology Indiana Tax 246

TaxConnex

MARCH 3, 2022

Two states took action last year regarding easing sales tax on specific services: Ohio repealed the state sales tax on employment services; and Texas Gov. has no uniform sales tax on digital items, though periodically there are attempts to firm up guidelines – just as there are periodically attempts by states to tax services.).

Indiana 246

Indiana Connecticut Nebraska Maryland 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

CPA Practice

MAY 18, 2023

Danielle Beaulieu (Virginia), a graduate of New York University with a Bachelor of Arts in economics and English literature and a Master in Professional Accounting from The University of Texas at Austin McCombs School of Business, is employed with PricewaterhouseCoopers in Washington, DC. in Ahmedabad, Gujarat, India.

CPA 128

CPA institute of chartered accountants North Dakota chartered accountant 128

Withum

MARCH 29, 2023

On December 2nd, 2022, long-time Met’s pitcher Jacob deGrom signed a 5-year contract worth $185 million with the Texas Rangers. The ace of the Mets pitching staff, who had been a lifelong Met, had decided to head to Texas for what he called a “winning culture” and likely tax savings. Texas, on the other hand, has no state income taxes.

Texas 122

Texas New York income tax Sports 122

TaxConnex

JULY 30, 2024

If you’re based in one of these states or ship from within one of these states to a destination within the same origin-based state (Texas, for instance), you collect and remit sales tax according to the rules and rates applicable at the seller’s location. Some states are origin-based.

South Dakota 264

South Dakota Alaska New Hampshire Montana 264