AccountantsWorld Daily News U.S. Supreme Court Rules in Favor of South Dakota in Wayfair Sales Tax Case
(CPA Practice Advisor) - The Supreme Court on Thursday standardized taxing rules for traditional retailers and online transactions, ruling that states and localities may collect sales taxes on all purchases over the internet.
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Three Steps to Start Being Relevant
(LinkedIn) - Being relevant means identifying client needs and molding your firm to address and satisfy those needs. While it may seem like a simple concept, many accountants donât know where to start. Here are a few ways to get your firm up to speed.
FASB clarifies accounting for grants and contributions
(JoA) - FASB on Thursday issued an Accounting Standards Update clarifying when a transfer of cash or other assets received and made, primarily by not-for-profits, qualifies as a contribution or an exchange transaction.
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In Wayfair, SCOTUS leaves work for state courts
(Accounting Today) - The Supreme Court, in a 5-4 decision, has erased decades of reliance on the physical presence test to determine remote seller nexus â while also creating more work for state courts. Associate Justice Anthony Kennedy wrote the majority opinion, while Chief Justice John Roberts wrote a dissent.
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U.S. Supreme Court Rules in Favor of South Dakota in Wayfair Sales Tax Case In Wayfair, SCOTUS leaves work for state courts Accounting/Audit
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