August 9, 2021
While there was a time early on when many states copied the South Dakota remote seller threshold of $100,000 in gross sales or 200 individual transactions precisely, this is no longer true. Each state, looking for their own magic set of numbers that ...
August 4, 2021
The Tax & Accounting Technology Innovation Awards honor new technologies that help accounting firms and their small business clients operate more efficiently and profitably through improved workflow, increased accessibility, or enhanced collaboration.
July 27, 2021
A tsunami of trouble is on the way for millions of businesses, and most don't know it's coming.
July 27, 2021
Change is afoot as we come to the halfway mark of 2021. As COVID-19 relaxes its stranglehold on the United States, states are considering how tax policies can be adjusted to help mitigate the worst effects of future crises. Across the Atlantic, the ...
July 1, 2021
On June 30, 2021, Missouri became the last state with a sales tax to require out-of-state sellers and marketplace facilitators to collect and remit sales and use tax. It’s been a long time coming.
June 22, 2021
Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income. An executive summary of the survey, which ...
June 18, 2021
It’s been three years since the Supreme Court of the United States issued the game-changing decision on South Dakota v. Wayfair, Inc. Businesses are still learning how to manage the aftereffects of this groundbreaking event, even as they navigate the ...
June 11, 2021
A clearer picture of the post-pandemic U.S. sales tax environment is emerging, and things are looking (surprisingly) brighter, yet (predictably) more complex.
May 27, 2021
The new product and service offerings give accountants access to the same Avalara cloud technology used to process millions of sales tax returns and remit billions of dollars each year. This focus underscores Avalara’s commitment to providing ...
![ecommerce_Pixabay_Tumisu_1992280_1280.6058bb16f3e84[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2021/05/ecommerce_Pixabay_Tumisu_1992280_1280.6058bb16f3e84_1_.609086efb5013.png)
May 3, 2021
Lawmakers in Kansas gathered May 3, 2021, to start finalizing the state budget and attempt to override several gubernatorial vetoes. Shortly after convening, they succeeded in overriding the veto on Senate Bill 50, which requires marketplace ...
April 20, 2021
Vertex, Inc., a global provider of tax technology solutions, has introduced Vertex Cloud Data Integrity, a cloud-based, tax-specific solution that automates the data validation, analysis and transformation steps that increase data quality. The application enables companies to improve tax return data, reduce audit risk, as well as increase tax staff efficiency and readiness for compliance....…
Small Business April 20, 2021
Out-of-state sellers and marketplace providers will have to start collecting Florida sales and use tax on July 1, 2021. After years of discussion and failed attempts, Florida has enacted an economic nexus and marketplace facilitator law.