TaxConnex

JANUARY 16, 2024

Do you sell software-as-a-service (SaaS)? Then you already have one of the most complicated situations in sales tax. Your tax obligation and liability begin with where you have nexus , the connection between your company and a taxing authority or jurisdiction. Are maintenance or support services involved?

Iowa 206

Iowa Connecticut Maryland Colorado 206

TaxConnex

NOVEMBER 28, 2023

does not free you from the complexities of sales tax. In many countries, you will run into some kind of sales tax – familiar if you’re used to selling in the U.S., There are also different place-of-supply rules for goods versus services and whether the recipient of the supply is a business or a private individual.

Sales 209

Sales Tax Transportation Maine 209

TaxConnex

FEBRUARY 1, 2024

It’s also safe to say that its storyline of repetition seems to echo what you must do, over and over and over, to comply with sales tax laws. It’s also safe to say that its storyline of repetition seems to echo what you must do, over and over and over, to comply with sales tax laws. File, remit, repeat Watch out for that first step!

Sales 230

Sales Tax Minnesota Colorado 230

CPA Practice

APRIL 9, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. state and local jurisdictions.

Sales 110

Sales Tax Minnesota Tennessee 110

MyIRSRelief

APRIL 22, 2024

Navigating tax issues can be daunting, especially when facing audits, unpaid taxes, or payroll problems. This FAQ guide provides insights into common tax problems and solutions available in Corona, CA. In Corona, CA, having an expert who understands local and federal tax laws can be crucial.

Tax 130

Tax payroll tax tax return payroll 130

TaxConnex

NOVEMBER 16, 2023

At TaxConnex, we work with telecommunications service providers  of all sizes.  Many are existing MSPs (Managed Service Providers) or IT management companies that would like to expand their service offering and become “stickier” with their clients.

Tax 212

Tax Sales 212

TaxConnex

FEBRUARY 6, 2024

Sales tax is not something top of mind for most executives, but it is something that the majority of businesses will have to manage at some level. No matter the size of your business, if you are selling a taxable product or service and establish nexus in specific states or jurisdictions, then you have a sales tax obligation.

Sales 214

Sales Tax Technology auditor 214

TaxConnex

DECEMBER 28, 2023

The new year will no doubt be another active one in sales tax. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. Overall, state tax revenues dropped 5.3%.

South Dakota 222

South Dakota Sales Tax Louisiana 222

TaxConnex

FEBRUARY 27, 2024

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. There were about 1.65

Sales 220

Sales Tax Account accountant 220

TaxConnex

SEPTEMBER 26, 2023

In almost all states now, any derived revenue for your company will create nexus for the company making that revenue ($100,000 revenue or 200 transactions in a year, for instance). These thresholds vary state to state and change often, with Missouri being one of the latest to enact economic nexus. Yet again, this can vary.

Sales 202

Sales Tax South Dakota Colorado 202

TaxConnex

MARCH 26, 2024

We are at the end of Q1 of 2024 and continue to discuss how to ensure your business is set up to get sales tax right in 2024. If you’re like the over 49% of businesses who participated in our annual sales tax trends survey and are unsatisfied with the way you are managing sales tax, then you’re in the right place.

Sales 159

Sales Tax tax return Retail 159

TaxConnex

JANUARY 25, 2024

Most states change their sales tax rate laws on either Jan. and a ton of local jurisdictions with the authority from their states to change their individual tax rates. Take software-as-a-service. Kentucky was the latest state to subject SaaS to sales tax, effective last year.

Utah 181

Utah Kentucky Alabama Michigan 181

CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

payroll tax 110

payroll tax West Virginia payroll cpas 110

TaxConnex

AUGUST 31, 2023

Online selling of products and services triggers sales tax obligations today like never before – and has ever since the Supreme Court’s 2018 Wayfair decision unleashed economic nexus on e-commerce merchants nationwide. Some businesses can manage the calculation of sales tax without separate sales tax software systems.

Sales 229

Sales E-commerce Tax Alaska 229

TaxConnex

DECEMBER 5, 2023

Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell them over the internet – have also raised the question of whether memberships incur sales tax. Health and fitness club In some states membership in one of these creates a sales tax obligation; in others it doesn’t.

South Carolina 206

South Carolina Sales Tax West Virginia 206

TaxConnex

JUNE 16, 2022

Summer vacation season is here – and it’s yet another area where sales tax shows up. The sales tax associated with s ervices is a different sales tax animal as compared to tangible personal property. The taxing of certain travel related services, such as lodging, can be taxable in some states.

Louisiana 206

Louisiana Pennsylvania Tax Sales 206

TaxConnex

MAY 19, 2022

Given the complexity that already exists regarding sales tax, it’d be great if states were the only jurisdictions that levied them. Local Sales Taxes. Economic nexus is the threshold at which a seller incurs sales tax obligations; most states have set one in the four years since the Supreme Court’s Wayfair decision.

Alaska 190

Alaska Colorado Louisiana West Virginia 190

TaxConnex

FEBRUARY 22, 2024

But the field continues to change – and if sales tax doesn’t keep up, you could be caught in a tough spot with a customer. Groceries are a popular product in q-commerce and the trend is likely to spark increasing partnerships with local delivery services for “last-mile logistics.” Q-commerce.

E-commerce 196

E-commerce West Virginia Kansas Virginia 196

TaxConnex

MAY 11, 2023

A state has not added a statewide sales tax since Richard Nixon was in the White House. There are five remaining states with no state level sales tax: New Hampshire, Oregon, Montana, Alaska and Delaware – often referred to as the NOMAD states. There are excise taxes on certain services.

Montana 130

Montana Alaska New Hampshire Oregon 130

TaxConnex

DECEMBER 7, 2023

There’s always something changing in the world of tax, especially sales tax. Johns County, Florida, received a $750 credit from Amazon after discovering that the marketplace facilitator had been overcharging her for sales tax for more than a decade, news reports said. New York state sales tax collections jumped 2.5%

Sales 147

Sales Tax West Virginia South Dakota 147

TaxConnex

AUGUST 15, 2023

There’s always something changing in the world of tax, especially sales tax. Midyear sales tax. The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected.

Sales 130

Sales Tax Alabama Texas 130

TaxConnex

AUGUST 10, 2023

Your online business is painfully aware of tax deadlines for income, payroll, property and other local taxes. Sales and use taxes have their deadlines, too – a dizzying number to follow, potentially with bad consequences if you miss even one. A lot of complications Currently, sales tax across the U.S.

Sales 130

Sales Tax tax return payroll 130

CPA Practice

APRIL 25, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. state and local jurisdictions.

Sales 52

Sales Tax Minnesota Tennessee 52

TaxConnex

AUGUST 5, 2021

That’s a lot like understanding the taxes on videoconferencing services right now. With the recent boom of video conferencing brought on by the necessity of a way to meet during the pandemic, businesses and governments alike are trying to figure out how to best apply sales tax to these services, or if they are even taxable.

Maryland 217

Maryland Virginia New York California 217

TaxConnex

JULY 29, 2021

Sales tax is complex for any business selling into multiple states. But there are specific states and jurisdictions that make it extra confusing for those trying to maintain compliance. Chicago is a home rule city and taxes several items that are not taxable at the state level. Got all that?

Sales 242

Sales Tax Illinois audit 242

TaxConnex

JUNE 6, 2023

If you’re a company outside of the United States and you look to start selling into America, congratulations – the U.S. It also offers complex sales tax obligations you may not know about. has taxes on sales too – a lot of them. states began enforcing “economic nexus” after the U.S. offers you a huge new market.

Sales 130

Sales Tax South Dakota Alaska 130

Cherry Bekaert

FEBRUARY 22, 2024

As businesses in India are accustomed to the goods and services tax (GST) on their goods and services, the U.S. sales tax regime often mystifies international sellers. Both GST and sales tax are consumption-based taxes, but they differ in several important key areas: U.S. Input Tax Credit Not applicable.

Tax 87

Tax Hawaii Sales Technology 87

TaxConnex

OCTOBER 31, 2023

Just don’t let sales tax turn the situation into a nightmare. Consider: Your new product is not taxed but should have been. In the first year, your sales total is $100,000 (the economic nexus threshold in many states) and grows 20% annually over the next three years, for a total of $364,000 in sales.

Sales 147

Sales Tax Alaska Colorado 147

TaxConnex

OCTOBER 12, 2021

NOMAD and sales tax – I’m sure you’ve heard it before. When it relates to sales tax, the NOMAD states refer to the five American states without a statewide sales tax: New Hampshire, Oregon, Montana, Alaska, and Delaware. The NOMADs bear watching for changes in how they handle sales tax.

Montana 171

Montana Sales Alaska Delaware 171

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. The state capital of Juneau reportedly collects $6.2

Sales 193

Sales Tax Colorado Massachusetts 193

TaxConnex

NOVEMBER 14, 2023

A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea. Part of your decision in this case rests with how long you’ve had sales tax exposure.

Sales 188

Sales Tax Connecticut Colorado 188

CPA Practice

APRIL 22, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. state and local jurisdictions.

Sales 52

Sales Tax Minnesota Tennessee 52

TaxConnex

SEPTEMBER 13, 2022

Remote retail sales just got rockier in Colorado, which has begun imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. Popular it’s not. Stay tuned.

Colorado 188

Colorado Tax tax return Sales 188

Anders CPA

NOVEMBER 7, 2023

When a business operates in multiple locations in the same state, complex sales tax regulations can often present a challenge. Special local sales tax districts, such as a community improvement or transportation development district, can exacerbate the difference in sales tax rates for business locations in neighboring municipalities.

Missouri 110

Missouri Sales Tax Transportation 110

CPA Practice

APRIL 19, 2024

Online marketplace sales are expected to exceed $603 billion in the United States in 2027, or nearly 35% of all U.S. But running a marketplace also brings unique tax and compliance challenges. Of course, online marketplaces mustn’t overlook existing tax compliance responsibilities while navigating new obligations.

Tax 59

Tax Wyoming Alaska Louisiana 59

TaxConnex

SEPTEMBER 28, 2023

You’ve learned what states you have nexus in and you know where your products/services are taxable. Now it’s time to register with the states to collect and remit sales tax. You complete your sales tax registrations and file them with the departments of revenue or taxation in each state. Where to begin?

Sales 147

Sales Tax West Virginia North Dakota 147

TaxConnex

JULY 6, 2021

Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. T he Show Me State follows on the heels of Florida , where economic nexus kicked in as of July 1 for remote sellers and marketplace facilitators. 44 other states and Washington D.C., Missouri Gov. South Dakota v.

Missouri 210

Missouri South Dakota E-commerce Florida 210