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Arizona, Indiana, and Wyoming are increasing their de minimis exemptions for business personal property, and Texas voters approved a measure to establish a new exemption. Alabama will impose a new excise tax on consumable hemp, and Tennessee will restructure its taxation of hemp-derived cannabinoids. In Maine, the excise tax on cannabis will decrease, while the

Accountants in the Certified Provider program include Out of the Box Technology, Contractor in Charge, and Baker Tilly. Track large purchases and your company’s assets, such as work vans or new equipment, and their depreciation for future audits and tax liability purposes. It’s important to track the purchases, but not expense them immediately, as the

Without clean, accurate financial records, lawyers risk impaired cash flow, missed tax opportunities, and operational blind spots that stunt growth. One unique aspect of law firm bookkeeping is trust accounting. Interest on Lawyer Trust Accounts, also known as IOLTA accounts, are bank accounts used to hold client retainers, settlement funds, and other money that belongs

Currently, 45 states and DC require ecommerce sellers to collect sales tax under Economic Nexus. Once you’ve hit your state’s threshold, you have to register for a sales tax permit. These rules determine how you set up and report your taxes. Before we get into the weeds of Shopify sales tax, there are a few