Rules
What changes when sales tax nexus rules differ in California, Texas, New York and Florida?
Accounting bookkeeping for online sellers turns on four different state nexus thresholds, registrations and chart of accounts changes across states.
Topic
accounting bookkeeping
Guides
GAAP vs tax basis accounting for American small businesses
Accounting bookkeeping on a tax basis follows IRS rules for filings, while GAAP accrual books follow FASB standards for lenders and investors.