Davis Davis & Harmon is thrilled to announced our inaugural placement on the 2024 #Inc5000 list of the fastest-growing private companies in the US. In the face of the pandemic, inflation, and supply chain woes, #TeamDDH has stood the test of time and thrived. Today we are celebrating this incredible milestone. The Inc. 5000 class…
Great news for Oklahoma residents—grocery prices are about to take a welcome dip! With inflation putting pressure on household budgets over the past few years, any reduction in the cost of essentials like food is a significant relief. The Oklahoma state legislature has recently passed a bill to reduce the sales tax on groceries. For…
TX: The Comptroller encourages all taxpayers to support Texas businesses while saving money on tax-free purchases of most clothing, footwear, school supplies and backpacks (sold for less than $100) during the annual Tax-Free weekend. Qualifying items can be purchased tax free from a Texas store or from an online or catalog seller doing business in Texas. In most…
Back-to-school shopping can be expensive, but many states offer relief through tax-free weekends. This year, 17 states provide a tax break on school-related items like clothing, shoes, electronics, and supplies. Here’s a list of the states participating in these sales-tax holidays: Alabama Arkansas Connecticut Florida Iowa Maryland Massachusetts Mississippi Missouri New Mexico Ohio Oklahoma South…
Understanding sales tax laws can be complex and overwhelming. With frequent changes and varying regulations from state to state, it’s easy to feel lost. Whether you’re a business owner trying to comply with new rules or a consumer planning significant purchase, getting expert advice can make all the difference. Sales tax laws vary widely across…
Six years ago, the U.S. Supreme Court’s ruling in South Dakota v. Wayfair, Inc. revolutionized the e-commerce landscape by allowing states to mandate sales tax collection from out-of-state sellers based on economic presence rather than physical presence. This decision overruled the 1992 Quill Corp. v. North Dakota precedent, ushering in a new era for state…
Lights, camera, action! DDH just wrapped up an unforgettable corporate retreat in New Orleans with our incredible team members and their spouses. We soaked in the lively atmosphere of the French Quarter Festival, explored the artistic charm of Jackson Square, and indulged in the delicious flavors of authentic Louisiana cuisine. Truly, an adventure to remember!…
If you don’t collect sales tax on a taxable sale, you need to validate the exemption by collecting an exemption certificate or resale certificate from your customer. Otherwise, you could be liable for the uncollected tax, associated penalties, and interest. What is an Exemption Certificate? An exemption or resale certificate is a document that identifies…
Mastering the intricate world of sales and use tax can be a formidable task for any business. However, as a CPA, accounting firm, or advisory firm, your specialized knowledge is a vital asset in guiding clients to effectively manage their finances and maintain compliance. Your role in staying abreast of the complexities of sales and…
National Donut Day is upon us, and it’s the perfect excuse to indulge in one of the most beloved treats across the country. Whether you spell it “donut” or “doughnut,” there’s no denying the universal appeal of these delicious, deep-fried confections. As you prepare to celebrate, it’s worth considering a less tasty but equally important…
