TaxConnex

Deadlines, Deadlines, Deadlines.Understanding the Nuances to Maintaining Your Sales Tax Calendar

TaxConnex

Sales tax, unlike other types of taxes, has many deadlines, not once or twice a year, but often every month and it doesn’t fall on the same day for every business, or state.

Sales 207

M&A negotiations and sales tax liability

TaxConnex

It’s a common scenario: A company has decided to sell, then due diligence turns up a $2 million risk in past sales tax obligations and compliance. The buyer looks to secure against the risk via escrow – on the conservative, high side – and requires the seller to mitigate the risk.

Sales 207
Insiders

Sign Up for our Newsletter

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

Risks of misunderstanding the impact of economic nexus

TaxConnex

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.

How not to tank your sales tax audit (part 2)

TaxConnex

The sales tax audit can be one of the scariest – and costliest -- things an online business ever goes through. If you do get hit with an audit, it’s critical to handle the process correctly. Last time we looked at mistakes companies make leading up to an audit (Check out part 1 here).

audit 207

The CFO Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

Colorado: Fee or tax?

TaxConnex

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.

How not to tank your sales tax audit (part 1)

TaxConnex

If you are a business that must collect and remit sales tax, an audit is probably one of your biggest fears. Rightly so: Sales tax audits can find fault with a variety of your operations and can cost you big– if the determination goes against you.

audit 205

Accounting firms and sales and use tax advising: Perfect together?

TaxConnex

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. How can they go about making the move? Mark Friedlich, CPA, vice president of U.S.

3 things to remember about economic nexus

TaxConnex

This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v. Wayfair, Inc et al , but many businesses are still trying to figure out how to manage sales tax obligations brought on by this decision.

App purchases and sales and use tax

TaxConnex

Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps.

Sales 207

5 reasons you need continuity in a sales tax provider

TaxConnex

Consistent (i.e., good”) service is a nice thing to have in any industry. 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.

Sales 205

Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

Even though virtual cards have been part of the payments system for over ten years, there remains a lack of clarity around how they work and their value to companies large and small. In this webinar, Eoin Hession, Controller at Recharge, talks about how his company uses virtual cards in their operations. Sign up today!

Can remote employees create sales tax nexus?

TaxConnex

A lot of times regarding sales tax, the answer to any question is, “It depends.” This is another of those times. And then some. Covid created unique conditions for companies that must collect and remit sales tax, including many temporary breaks regarding worker locations.

Sales 207

Why Sales Tax Technology Only Solutions Are Not Enough

TaxConnex

Since the Wayfair decision four years ago, sales tax compliance has had to become a major priority for businesses with multistate sales.

Sales 207

Don’t let Black Friday blind you to sales tax obligations

TaxConnex

Holiday shopping season is here again – and eCommerce looks to be bigger than ever. But retailers looking forward to perhaps record online sales have to remember how to comply with widely divergent sales tax regulations.

Sales 130

Blog: The 'XYZ Letter' and your sales tax compliance

TaxConnex

Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates.

Sales 218

7 Indicators It's Time to Switch Sales Tax Compliance Providers

TaxConnex

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.

Sales 207

Building Smart with Distributed Teams

Speaker: Sam Ross, General Counsel at Remote; Jenny Bloom, former CFO at Zapier & Darren Murph, Head of Remote at GitLab

It’s clear that distributed teams are here to stay in some form or another. Adapting to this reality means finding the right systems and processes that support remote workers — including international ones — while controlling for risks and communication challenges. Watch to find out more!

When do I have to start collecting out of state sales tax? Part 2

TaxConnex

Understanding economic and physical nexus and the taxability of your products and services goes a long way to ensuring your sales tax compliance. But nothing’s that simple with sales tax. Here’s a look at a few other things you should keep in mind – including how to avoid hefty penalties.

Sales 207

When do I have to start collecting out of state sales tax? Part 1

TaxConnex

Online retailers face a lot of challenges today. Sales tax obligations are among them. It’s been four years since these obligations began landing on businesses’ plates nationwide, and the situation isn’t getting any easier.

Sales 207

Are travel services taxable?

TaxConnex

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.

Can accounting firms move into sales tax advising?

TaxConnex

Many certified public accountants (CPAs), enrolled agents and other tax preparers and professionals that run accounting and tax preparation firms are constantly looking for new advisory avenues to service clients.

Telling a Great Story with Data

Speaker: Jeff Epstein, Operating Partner at Bessemer Venture Partners, & Aneal Vallurupalli, CFO at Airbase

Data can create and even change a story — this is a key theme in an enlightening discussion between Jeff Epstein, Operating Partner at Bessemer Venture Partners, and Aneal Vallurupalli, CFO at Airbase. Watch the video to discover how!

What's new in state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Colorado will begin imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state, beginning July 1.

Sales 207

Blog: Sales tax post-Wayfair: Costly for remote sellers, a cash cow for states

TaxConnex

If it feels to you like the whole economic nexus and sales tax landscape is one-sided, the U.S. Government Accountability Office and many small businesses seem to agree. A GAO report states that all states with a statewide sales tax and D.C.

Sales 207

Blog: 6 things to know about sales tax in Canada

TaxConnex

Can U.S. companies sell profitably to the north? Sure, if statistics are any indication Canada is the 10th-largest eCommerce market in the world estimated at 35 billion USD last year. Sounds enticing. What about the sales tax obligations?

Sales 207

Online selling the subject of recent judgments

TaxConnex

Several recent court cases show how tricky the legal system can be for online sellers managing sales tax obligations. Lack of energy. The Washington Department of Revenue upheld a retail sales tax assessment on a taxpayer who failed to collect retail sales tax on sales to a renewable energy company.

Making A Bigger Impact with Automation

Speaker: Nadia Asoyan, VP of Finance at Trusted Health, and Amer Ali, VP of Finance at Netlify

Learn about the automation mindset behind some of the most efficient companies. Discover how to evaluate accounting software to ensure that your tech stack works for your company’s needs today, and that it will scale into the future. Download today!

Blog: Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

Sales 207

Four years since Wayfair: A trend takes hold

TaxConnex

What a 48 months it’s been. The Supreme Court Wayfair decision four years ago gave tax jurisdictions the sudden power to require countless companies to collect and remit sales tax. Those governments jumped the on chance for such big revenue – and continue to do so.

5 Crucial Pieces of Your Sales Tax Compliance Filing Process

TaxConnex

Once you’ve determined your requirement to collect and remit sales tax, you’ve set-up a process to charge sales tax, and you have registered with each required state, you need to consider how you will manage the return filing process.

Sales 219

TaxConnex™ Proud to Exhibit at Thomson Reuters SYNERGY 2022 Conference

TaxConnex

Alpharetta, GA., November 11, 2022 - TaxConnex™ , a technology-enabled sales tax compliance outsourcing provider, shared that they are exhibiting at Thomson Reuters SYNERGY 2022 Conference for Corporate Professionals November 13-16.

What I Wish I Knew: How To Build a Data-Driven Company

Speaker: Rachel Bradley-Haas and Aneal Vallurupalli

All companies need data to drive their growth and make good decisions, but timely access to relevant, clean data requires more than data feeds. It takes a shift in thinking and a change to the way all operating units approach their jobs. Download the video to find out more from Co-founder of Big Time Data, data engineer Rachel Bradley Haas.

Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

Sales 207

Top Reasons to Change an Outsourced Sales Tax Provider

TaxConnex

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.

Sales 219

What's new in May for state sales and use taxes

TaxConnex

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Food for thought.

Sales 207

Get to Know TaxConnex: Partner Q&A Series - Robert Dumas

TaxConnex

Looking to find out more about TaxConnex? What better way than hearing from our Founders and partners? Learn from the best by hearing from the ones that built TaxConnex. Over the next few months, we will be highlighting the Partners of TaxConnex. First up, our Founder and CEO, Robert Dumas.

Management Techniques for Offshore Employees

This whitepaper looks at the changes and challenges that stem from remote hiring and current HR trends that address them. Download this comprehensive guide to learn more!

Multi-channel selling sales tax: Marketplace facilitators

TaxConnex

The exploding world of eCommerce has put a new player front and center: the marketplace facilitator. They’re platforms where third-party sellers of any size and geographic area can facilitate retail sales, including the collection/processing of payments, in exchange for compensation.

Sales 207

Sales tax and crypto: Latest developments

TaxConnex

Most of us are familiar with the scrutiny placed on cryptocurrencies by the IRS. The next federal 1040 has an even longer set of probing questions about crypto transactions. How does sales tax fit into this?

Sales 130

Multi-channel selling sales tax: Direct/retail sales

TaxConnex

Taxable sales of products direct to end users has been a staple of business for ages. One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever.

Sales 207

Multi-channel selling sales tax: Wholesalers and Drop Shipping

TaxConnex

Sales of tangible personal property (TPP) are presumed to be taxable unless specifically identified as not taxable. However, certain exemptions could apply making the sale of TPP exempt from sales tax in some situations.

Sales 206

Why Offshoring is Better than Outsourcing

Offshoring and outsourcing are not interchangeable, as they differ in purpose depending on what drives the need behind the hiring decision. In this whitepaper, we clarify what offshoring and outsourcing are, along with the unique use cases they address.