TaxConnex

NOVEMBER 7, 2023

Hard to believe if you’ve ever dealt with sales tax jurisdictions, but they will actually give you a break on paying your sales tax in the form of vendor compensations and discounts. It pays to know about these discounts – and how to make sure you don’t unintentionally give them away.

South Carolina 147

South Carolina Colorado Pennsylvania Kentucky 147

TaxConnex

SEPTEMBER 28, 2022

By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Nexus can be economic and based on a threshold of sales volume in a given time. Almost one out of five (18%) don’t know about or only recently learned about Wayfair.

South Dakota 204

South Dakota Alaska Tax Sales 204

TaxConnex

NOVEMBER 29, 2022

If you sell online across multiple states and have met economic thresholds or have a physical presence, you definitely don’t want to take that chance. more than one in four (26.7%) top finance professionals reported seeing an increase in state sales tax audits in the past two years. In TaxConnex’s recent?market

audit 185

audit auditor general ledger Non-Profits 185

TaxConnex

MARCH 21, 2023

The use of internal resources still seems the way to go for most companies struggling to meet their sales tax filing and remittance obligations. Staying on top of the ever-evolving sales tax landscape takes constant time and attention. The shortage starts at the highest level of tax compliance and trickles down.

Sales 130

Sales Tax E-commerce cpas 130

TaxConnex

MAY 3, 2022

F r om time to time, sales tax outsourcing relationships fail to work properly, and a change is necessary. As the sales tax outsourcing relationship progresses over time, sales and marketing messages give way to the realities of the operational relationship. Do you get a lot of notices from tax jurisdictions?

Sales 212

Sales Tax Start-ups 212

TaxConnex

DECEMBER 21, 2021

Staying on top of the ever-evolving sales tax landscape takes constant time and attention. What should you know, what should you look for, and what are your options? What’s ‘Great’ about it? Teams are leaner than ever as existing employees quit, and new ones are harder to find.

Sales 175

Sales Tax cpa firm CPA 175

TaxConnex

JULY 19, 2022

Sales tax obligations are among them. Only now are federal lawmakers beginning to wonder if the current sales tax landscape overburdens online businesses. In the meantime, your business may have to start collecting and remitting states’ sales tax – with severe penalties if you don’t. What’s taxable?

South Dakota 214

South Dakota Sales Tax tax consultant 214

TaxConnex

OCTOBER 19, 2023

Often as things change in sales tax – and they change often – one constant keeps lurching along. Tax jurisdictions love to send notices, and usually it’s to say “Boo!” True, notices can simply be a way for tax jurisdictions to get in touch with you and require no fast action on your part. and not just “Hi.”

Sales 147

Sales Tax audit Finance 147

TaxConnex

AUGUST 25, 2022

In a field that changes as fast as sales tax, it’s a necessity. But providers have their own business priorities as well and if customer service isn’t at the top of their list, changes could end up harming you. Maybe they’ve sold to a new, larger owner, what operational changes will occur, what happens to your data? (

Sales 165

Sales Tax audit Alaska 165

TaxConnex

FEBRUARY 16, 2023

Think you’re the only one worried about sales tax compliance? According to our third annual Sales Tax Market Survey you’re not. We have] difficulty with our tax team having extremely limited knowledge of the products and the product teams not caring enough to take the time to properly classify.”

Sales 130

Sales Tax Alaska Missouri 130

TaxConnex

SEPTEMBER 24, 2020

At this point, the majority of finance professionals understand the need to maintain sales & use tax compliance. What do you do when you discover you are out of compliance in some states? Or you acquire a business that has done very little to manage sales and use tax compliance?

Sales 243

Sales Tax Start-ups audit 243

CPA Practice

MARCH 21, 2024

Property tax compliance can be just as puzzling, and getting it right in some states can be more complex than in others. This blog post sheds light on what makes personal property tax compliance in certain states particularly tricky. You can even encounter complexity when it comes time to remit property tax.

Rhode Island 119

Rhode Island Tax Arizona South Carolina 119

TaxConnex

OCTOBER 21, 2021

Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? Do you know everywhere that your company currently has nexus?

E-commerce 187

E-commerce Sales Tax Retail 187

TaxConnex

SEPTEMBER 15, 2020

Sales tax is complicated. Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side.

Sales 225

Sales Tax tax consultant cpa firm 225

TaxConnex

JULY 26, 2022

Partnerships, just like your sales tax obligations, evolve over time. Sales tax is not a set it and forget it task, so if you’ve handed things off and aren’t sure how things are going, it may be time for a check-up with your provider. Read below to see if it’s time for you to start the search for a new provider.

Sales 192

Sales Tax tax return Technology 192

TaxConnex

JANUARY 20, 2022

Notices are a way for taxing jurisdictions to get in touch with you. Monitoring and responding to notices as well as making the corresponding adjustments or taking the prescribed actions is one of the many pieces of your sales tax compliance process. So who is managing your sales tax notices?

Tax 162

Tax tax return Sales accounting and finance 162

TaxConnex

SEPTEMBER 28, 2021

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax. Who will you ask?

Technology 175

Technology Sales Tax audit 175

TaxConnex

OCTOBER 14, 2021

The majority of businesses still manage their sales tax obligations with internal staff, but do they have what it takes to manage sales tax effectively? Most businesses, especially smaller ones, don’t have or can’t afford a full sales tax department in these days of tight resources.

Sales 182

Sales Tax E-commerce Start-ups 182

TaxConnex

NOVEMBER 9, 2021

You might think that collecting the tax and filing a tax form is all you need to be sales tax compliant. You wouldn’t be completely wrong – filling out the form is a huge start – but other steps are needed to fully manage your compliance. Knowing When and How to Remit Payments.

Sales 186

Sales Tax general ledger tax return 186

TaxConnex

APRIL 26, 2022

Not paying attention to your sales tax obligations is never wise. True, it’s a relatively new requirement to collect sales and use tax from remote customers, but it’s one the taxman has always taken seriously from businesses – and that seriousness is only intensifying. Your sales tax obligation starts with nexus.

audit 172

audit Tax Sales Start-ups 172

TaxConnex

JANUARY 4, 2022

Mechanics tell you that you can keep your car running best by checking the engine occasionally and keeping up with the recommended maintenance schedule. Sales tax is similar in that you need to monitor the process, adjust, and tune-up the process occasionally. Calculate your tax correctly.

tax return 164

tax return Tax Sales Start-ups 164

TaxConnex

FEBRUARY 24, 2022

But sometimes, the deal is held up for various reasons – including sales tax exposure within the company being acquired. But many business owners have been gut-punched during due diligence when an unanticipated sales and use tax?deficiency beforehand and protect their company by being in compliance. Here are the?five?steps?to

Sales 194

Sales Tax tax return payroll 194

CPA Practice

APRIL 19, 2024

The IRS on Friday posted on its website the highly anticipated draft Form 1099-DA , a new tax form that cryptocurrency brokers will begin using next year to report digital asset transactions. A key part of this effort fits in with the larger IRS compliance focus on wealthy taxpayers. 25, 2023. “A

Tax 69

Tax tax return Sales CPA 69

TaxConnex

NOVEMBER 30, 2021

When you look at the details involved in your sales tax compliance process – preparing and filing returns, updating the filing calendar, managing notices, monitoring nexus thresholds and on and on – it’s easy to see why you need to simplify the process wherever possible. Smooth flow.

E-commerce 186

E-commerce tax return Tax audit 186

TaxConnex

OCTOBER 26, 2021

When we talk with businesses about sales tax compliance, we eventually get to a discussion about preparing and filing returns. However, I encourage businesses to consider the myriad aspects that need to be managed including updating your tax filing calendar, managing sales tax notices, monitoring their nexus thresholds, etc.

Sales 180

Sales Tax audit auditor 180

TaxConnex

NOVEMBER 5, 2020

If your business has an obligation to collect and remit sales tax, then you know how complex the process can be. Whether you manage it all internally, work with a CPA, or use an outsourced provider or technology, you know that there are many moving parts. Determining your sales tax requirements.

Technology 223

Technology Sales Tax tax return 223

TaxConnex

DECEMBER 15, 2022

What better way than hearing from our founders and partners? Gain insight into Brian's career and his plans for our future as well as how sales tax has evolved over the years. Gain insight into Brian's career and his plans for our future as well as how sales tax has evolved over the years. I like Transparency.

Tax 130

Tax Sales tax services Start-ups 130

CPA Practice

APRIL 19, 2024

By Gail Cole One of the most effective ways for an accounting practice to increase revenue and promote client satisfaction is to offer additional services that are essential to client compliance and success. The tax compliance landscape is incredibly complex; you can help your clients navigate it.

Technology 69

Technology Tax audit Account 69

TaxConnex

DECEMBER 23, 2021

If you and your company haven’t been hit with a sales tax audit yet, congrats. You should realize, though, that your luck might not hold out for much longer. Among other findings: Almost half (48.5%) of respondents expect sales tax audits to become more frequent in the next two years.

audit 168

audit Sales Tax auditor 168

TaxConnex

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. First, what’s influencing the availability of workers lately? Despite the employment landscape, the need for hiring remains strong – especially for sales tax compliance.

Sales 163

Sales E-commerce Tax Florida 163

TaxConnex

MARCH 23, 2023

What better way than hearing from our founders and partners? Can you tell me about your career leading up to TaxConnex? Can you tell me about your career leading up to TaxConnex? After the deal closed, I shifted my focus to gain sales and marketing experience and joined CA Technologies as VP of the global customer success team.

Sales 130

Sales Tax Florida Start-ups 130

SkagitCountyTaxServices

FEBRUARY 28, 2024

Firstly — a quick reminder for those of you working under a corporate status: we gotta file those returns for you by March 15th — so help us help you. If you fell victim to the ERC mills and submitted a claim you shouldn’t have, there’s still time to fix that decision. That includes things like sales tax holidays.

Sales 66

Sales Tax Florida CPA 66

TaxConnex

MAY 11, 2021

Both the process of reporting sales tax and the level of sales tax detail required varies from state to state. Understanding the nuances of each state will help you avoid any missteps resulting in jurisdictional-imposed penalties. Know your Deadlines. Due dates also vary. be aware of local level reporting.

Sales 131

Sales Tax Colorado tax return 131

TaxConnex

SEPTEMBER 23, 2021

This industry has ridden the wave of e-commerce and the growing expectation among shoppers that much of what they want to buy can come right to their door. Most handle a wide variety of customer needs and specialized interests with prices of about $10 to $100 a box. Niche products lead the industry, a fifth of total sales.

Sales 167

Sales Tax E-commerce Retail 167

TaxConnex

AUGUST 4, 2022

We talk a lot about nexus and compliance processes in our content, but what about marketplace facilitators? What is a marketplace facilitator? This is a business or organization that contracts with third-party businesses to sell goods and services on its platform and facilitates retail sales.?Marketplace

Wisconsin 130

Wisconsin North Carolina Michigan Iowa 130

TaxConnex

JANUARY 21, 2021

If your online company looks to expand its interstate sales in 2021, know one thing: Your plan involves risks and new responsibilities. The key is learning how to manage both, as sales tax non-compliance or errors can bring stiff penalties. Online sales are probably more popular than ever right now.

Sales 141

Sales Tax tax return audit 141

Reckon

NOVEMBER 5, 2023

Can you tell us a bit about what you do here at Reckon? Sure, my role at Reckon as the Partner Engagement Manager essentially is to act as the Reckon voice for our trusted partners, which are made up of bookkeepers, BAS agents and tax agents. What role do Reckon’s partners play in the business?

bookkeeping 105

bookkeeping payroll Tax small business accounting 105