article thumbnail

Utah State Tax Updates

Withum

For the latest news and updates on Utah state and local tax. Utah Seeks to Lower Income Tax Rates and Improve the State EITC Program. On February 11, 2022, Utah’s Governor Spencer Cox signed S.B. Utah has an automatic 6-month extension to file these taxes but payment must be made by April 15, 2020. February 25, 2022.

Utah 52
article thumbnail

Transaction Thresholds: Vanishing Acts?

TaxConnex

Utah recently considered dropping its 200-transaction threshold but has tabled the legislation. South Dakota joins California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in recently eliminating transaction-based nexus thresholds. Thirteen economic-nexus states never had such thresholds.)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vendor concessions/discounts can help pay to outsource sales tax obligations

TaxConnex

Utah discounts local taxes as well as state. For example, Utah recently nixed a big?seller non-nexus remote sellers who voluntarily collected and paid Utah sales tax.??. Generally, the breaks are small percentages of the sales tax that you collected and remitted to the state. Nebraska’s discount is 2.5% of the first $3,000.

Sales 194
article thumbnail

State Discounts for Sales Tax

TaxConnex

example: Utah recently nixed a big seller discount for non-nexus remote sellers who voluntarily collected and paid Utah sales tax.). States hungry for revenue, during the pandemic, for instance, may remove their discounts, so take advantage now.

Sales 231
article thumbnail

Platform Accounting Group gets $85M funding round

Accounting Today

The Utah-based company that invests in and acquires small accounting firms has received an $85 million minority funding round to support its expansion.

Utah 65
article thumbnail

TikTok Shop and sales tax | TaxConnex

TaxConnex

It’s a seamless integration that combines the spontaneity of social media with the convenience of online shopping,” says Wallaroo Media , a Utah-based marketing and advertising agency. “Users can browse products, add items to their cart, and complete a purchase without ever leaving the app.

Sales 199
article thumbnail

Hot Topics: Taxability | TaxConnex

TaxConnex

In a recent update discussed in our webinar, Utah made it effective last year that sellers were required to obtain an updated exemption certificate if more than 12 months had elapsed between transactions. When does an all-important exemption certificate expire? Some states have expirations, but many don’t.

Utah 180