TaxConnex

JUNE 20, 2023

Two years ago, for instance, Wisconsin studied how halving its 200-transaction threshold would hurt coffers. South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. The conclusion: “minimal fiscal effect.” Who’s taken the latest action?

South Dakota 246

South Dakota North Dakota Wisconsin Iowa 246

TaxConnex

JANUARY 19, 2023

Some states – such as Wisconsin and Florida – do specifically mention “willful” failure to pay sales and use taxes. The personal liability of such person as provided in this subsection shall survive the dissolution of the corporation or other form of business association,” Wisconsin statutes add. Out of business – now what?

Wisconsin 246

Wisconsin Georgia Texas New York 246

TaxConnex

AUGUST 30, 2022

Two years ago, the Streamlined Sales Tax Governing Board presented a web of definitions used to determine if Wisconsin was correct in a then-recent tax determination.

Sales 246

Sales Tax Wisconsin Massachusetts 246

TaxConnex

AUGUST 1, 2024

North Carolina joins South Dakota, California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds ; some states never adopted one.

North Carolina 264

North Carolina Sales South Dakota North Dakota 264

TaxConnex

JUNE 1, 2021

Some states, like Indiana and Wisconsin, vary the discount depending on the amount of tax collected and remitted. Some states, such as Alabama, Mississippi and Wyoming, require filing by a certain day of the month.

Sales 246

Sales South Carolina Tax Utah 246

TaxConnex

SEPTEMBER 5, 2024

Wisconsin : Taxable, with exceptions for when the sales price of direct mail does not include separately stated delivery charges or transportation or delivery charges paid by the Wisconsin purchaser to a carrier is independent of the seller. Municipalities that impose a municipal sales and use tax include shipping and handling charges.

Sales 264

Sales Tax Rhode Island Kansas 264

TaxConnex

JUNE 9, 2022

Wisconsin has updated guidance that states that marketplace providers are responsible for the collection and remittance of the Wisconsin premier resort taxes. Sales tax is the largest source of state funding for the state budget, accounting for 59% of all tax collections.

Sales 246

Sales Tax Colorado Massachusetts 246

BuildYourFirm

APRIL 28, 2020

Allan attended both the University of Wisconsin – Madison and the University of Wisconsin – Milwaukee and received degrees in accounting and marketing. He lives in Chicago with his wife, Sharon, his three children, Jack, Brian and Julia, and his two dogs, Bucky and Cody.

Wisconsin 168

Wisconsin cpas CPA accounting degree 168

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. Devil in the details.

Sales 246

Sales South Dakota Tax South Carolina 246

TaxConnex

JANUARY 11, 2022

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required).

Sales 246

Sales Rhode Island South Dakota North Dakota 246

TaxConnex

JUNE 13, 2024

Colorado, for instance, used to also require or 200 or more separate transactions in the state, but has since joined South Dakota, California, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in eliminating transaction-based thresholds.

South Dakota 264

South Dakota North Dakota Massachusetts E-commerce 264

TaxConnex

MAY 6, 2021

Wisconsin has eliminated the 200 or more separate transactions economic nexus threshold for remote sellers in the previous or current calendar year. The rule revision clarifies the distinctions between charges for the rental of concrete pumping equipment with an operator, sales of construction services and sales of construction materials.

Sales 246

Sales North Carolina Tax Maryland 246

TaxConnex

DECEMBER 28, 2023

In 2021, Wisconsin and Maine both removed their transaction threshold; in 2023, South Dakota and Louisiana joined suit. Expect more of the same in 2024. Holidays Some time ago, politicians (and not tax experts, as has been subsequently acknowledged) discovered that sales tax holidays were a great way to garner public support.

Sales 264

Sales South Dakota Tax Louisiana 264

PYMNTS

JANUARY 22, 2018

The company, which is in 29 states, is growing — it added New York City and Madison, Wisconsin, to its roster of cities in 2017. Unlike services like Turo, which is focused on the broader rental market, HyreCar provides features like insurance targeted toward rideshare drivers.

Wisconsin 53

Wisconsin New York Transportation California 53

CPA Practice

SEPTEMBER 11, 2023

The Wisconsin Institute of Certified Public Accountants or WICPA has announced a series of upcoming conferences including the following: Business & Industry Fall Conference – September 18, 2023 at the Brookfield Conference Center in Brookfield, Wisconsin, which will be livestreamed for those not able to attend the conference in person.

CPA 111

CPA Wisconsin North Carolina Iowa 111

TaxConnex

DECEMBER 30, 2021

Wisconsin eliminated its 200+ transactions threshold for remote sellers. The new law, which would take effect July 1, created economic nexus for companies with more than $100,000 in gross sales to Kansas consumers in the current or previous calendar year. Elsewhere, some thresholds fell. Maine passed a similar measure, which kicks in Jan.

Sales 246

Sales Tax Maryland West Virginia 246

TaxConnex

DECEMBER 12, 2023

Willful failure in sales tax duties counts more heavily in some states than in others, as does the phrase “duty to act” for corporate officers. Minority members of partnerships can even find themselves on the hook for more than their investment in the company.

Sales 263

Sales Tax Ohio Georgia 263

TaxConnex

AUGUST 4, 2022

Recently Hawaii, Texas, Wisconsin, Illinois, Michigan, Iowa, Louisiana and North Carolina added laws. Recently Wisconsin, for example, updated? that states that marketplace providers are responsible for collection and remittance of the Wisconsin premier resort taxes. States also frequently tinker with their facilitator laws.

Wisconsin 130

Wisconsin North Carolina Michigan Iowa 130

Accounting Today

FEBRUARY 27, 2025

Taxpayers in Wyoming are expected to procrastinate the most on taxes this year, while taxpayers in Wisconsin are likely to procrastinate the least.

Wyoming 104

Wyoming Wisconsin Tax 104

TaxConnex

DECEMBER 23, 2021

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests. Nearly one in five (18.5%) cite being audited as one of their chief worries for 2022.

audit 244

audit Sales Tax auditor 244

TaxConnex

APRIL 6, 2021

Wisconsin has eliminated its 200-transaction threshold and, as a result, a remote seller is only required to collect and remit sales or use tax if its gross sales into Wisconsin exceed $100,000 in the previous or current calendar year. If you think your business may be impacted by sales tax developments, contact TaxConnex.

West Virginia 147

West Virginia Sales Nebraska Alaska 147

CPA Practice

APRIL 9, 2024

with Maryland and Virginia) West Virginia (with Kentucky, Maryland, Ohio, Pennsylvania, and Virginia) Wisconsin (with Illinois, Indiana, Kentucky, and Michigan) Paying payroll taxes can be a daunting task for business owners, but with expert advice and guidance from their CPAs, it becomes more manageable. and West Virginia) Washington, D.C.

payroll tax 110

payroll tax West Virginia payroll cpas 110

TaxConnex

MARCH 21, 2024

The five states with the lowest average combined rates are (the still technically NOMAD state of) Alaska (1.82%) as well as Hawaii (4.5%), Wyoming (5.44%), Maine (5.5%) and Wisconsin (5.7%). BOI oh boy. The much talked-about new Beneficial Ownership Information (BOI) requirement for millions of small companies under the U.S.

South Carolina 264

South Carolina Sales Tax Alabama 264

Going Concern

FEBRUARY 3, 2025

Similar new pathways to licensure are also being explored or pursued legislatively in many of our neighboring states, including Michigan, Missouri, and Wisconsin. Instead, this legislation establishes two additional pathways to obtain a CPA license in Illinois, explains ICPAS President and CEO Geoffrey Brown, CAE.

Illinois 71

Illinois CPA cpas Minnesota 71

Withum

JULY 21, 2021

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Wisconsin 52

Wisconsin Tax 52

TaxConnex

MAY 14, 2024

The platform currently calculates, collects and remits state sales tax on shipments to (in the order in which they began): Washington, Pennsylvania, Oklahoma, Minnesota, Iowa, Connecticut, South Carolina, South Dakota, New Jersey, the District of Columbia, New York, Idaho, Nebraska, Alabama, Arkansas, Kentucky, California, Maine, Massachusetts, North (..)

Sales 203

Sales South Carolina Rhode Island Tax 203

CPA Practice

NOVEMBER 25, 2024

Scott currently serves as the director of finance and administration for the city of Brookfield, Wisconsin. Scott has been the director of finance and administration for the city of Brookfield, Wisconsin since 1999. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Ray to a second term on the GASB.

Wisconsin 52

Wisconsin Colorado auditor Oregon 52

TaxConnex

FEBRUARY 3, 2022

The Sales Tax Institute reports that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests since the U.S. Supreme Court’s 2018 Wayfair decision opened the door for states to enforce economic nexus.

audit 245

audit Sales Tax auditor 245

TaxConnex

AUGUST 25, 2022

that Maine, Illinois, California, Massachusetts, Wisconsin and Washington have been the most aggressive states in sending notices and audit requests. Almost half of respondents expect sales tax audits to become more frequent in the next two years – and nearly one in five cite being audited as one of their chief worries.?.

Sales 243

Sales Tax audit Alaska 243

TaxConnex

MARCH 5, 2024

Wisconsin: According to a 2022 state Tax Bulletin, an NFT is “a unique digital identifier that is recorded in blockchain [and] used to certify authenticity and ownership of a particular product and cannot be copied or substituted.”

Sales 147

Sales Tax Wisconsin Minnesota 147

CPA Practice

MAY 18, 2023

Kaarin Kontio Evens (Minnesota), a graduate of Macalester College with a Bachelor of Science in chemistry, a Bachelor of Arts in music and a Master of Science in chemistry from University of Wisconsin, Madison (with additional business coursework at Augsburg University), is employed with Lottsa Tax and Accounting Services in Minneapolis, MN.

CPA 128

CPA institute of chartered accountants North Dakota chartered accountant 128

TaxConnex

NOVEMBER 8, 2022

According to a recent guide from Bloomberg , nine states treat crypto the same as they do cash for transactions for sale tax purposes: California, Kansas, Kentucky, Michigan, Minnesota, New Jersey, New York, Washington and Wisconsin. Adds New York , “For sales tax purposes, convertible virtual currency is intangible property.

Sales 130

Sales Tax Wisconsin Kentucky 130

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

TaxConnex

JANUARY 17, 2023

Connecticut, Georgia, Michigan, North Dakota, South Carolina, Tennessee, Texas, Vermont, Washington, West Virginia and Wisconsin follow this rule. When items in a shipment are exempt from sales tax in a given state, so is the cost of shipping.

Rhode Island 130

Rhode Island West Virginia Sales Alaska 130

CPA Practice

JUNE 1, 2023

Kaarin Kontio Evens (Minnesota), a graduate of Macalester College with a Bachelor of Science in chemistry, a Bachelor of Arts in music and a Master of Science in chemistry from University of Wisconsin, Madison (with additional business coursework at Augsburg University), is employed with Lottsa Tax and Accounting Services in Minneapolis, MN.

institute of chartered accountants 111

institute of chartered accountants chartered accountant North Dakota Texas 111

TaxConnex

JUNE 29, 2023

States like Wisconsin are already well above that. “As And a word about interest: recently reported. In the Northeast, for example, interest rate changes for 2023 include New York jumping from 8% to 11% and Pennsylvania from 3% to 7%. As interest rates increase, the cost of non-compliance rises.

Wisconsin 130

Wisconsin Pennsylvania Sales Tax 130

CPA Practice

APRIL 5, 2024

Wisconsin $1,497,577 $562,204 37.5% The table below shows a state-by-state breakdown of the average lifetime earnings compared to estimated lifetime taxes, and the percentage of earnings that will go toward tax payments, according to Self Financial: State Lifetime earnings Lifetime taxes % of earnings New Jersey $1,818,191 $987,117 54.3%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126