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States ease nexus thresholds

TaxConnex

Thresholds were established, filing forms and deadlines fixed and one by one states waited for the money to roll in (with Florida and Missouri among the latest of the 45, with Alaska perhaps soon to join them). In 2021, the Government Accountability Office estimated nationwide remote sales tax collections to be about $30 billion.

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Happy fifth birthday, Wayfair, as your rules keep changing

TaxConnex

Government Accountability Office. Of the 45 states with a statewide sales tax, the most recent to institute economic nexus were Florida and Missouri ( NOMAD state Alaska might join them soon). With an eye to easing the sales tax burden for smaller retailers, some 20 states have lowered their transaction thresholds. Easing off?

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Handling Sales Tax In-House: Job Market Challenges Continue

TaxConnex

In Alaska , which has no state sales tax, communities continue to band together to enforce economic nexus and sales tax collection at the local level.) Some analysts , for instance, predicted two years ago that 2020 total e-retail sales would grow 2.8% When retailers pivoted to online operations, though, 2020 e-sales grew 3.4%.

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What happened in sales tax in 2022

TaxConnex

online retail sales in the 2021 holiday season had jumped 11% over 2020 and you had the foundation set for a banner 2022 for eCommerce – and online sales tax. Alaska pondered its first statewide sales tax while proposals for higher local sales taxes were headed to ballots in November and before. Add that U.S. Too much or too little?

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