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Increasing Scrutiny on States’ Sales Tax Compliance

CPA Practice

By Lauren Stinson Since the South Dakota v. Wayfair ruling more than five years ago, economic nexus has remained as a huge factor for sales tax implications. In-state companies were at a disadvantage of having to charge sales tax when most online sellers did not. Prior to the South Dakota v.

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Eide Bailly Sees Risk Awareness Driving Growth in Sales Tax Automation

CPA Practice

Eide Bailly sees risk awareness driving growth in sales tax automation. Sales taxes continue to be one of the most dynamic and risk prone areas of business operations, particularly since so many businesses are still not fully aware of their compliance requirements. Supreme Court decision in South Dakota v. Wayfair, Inc.,

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Choosing the Right Accounting System for Your Shopify Business

xendoo

To be competitive in the new economy, cloud-based accounting is no longer a luxury; it’s a necessity. Here are some of the best accounting systems for Shopify that can help get your business on track. QuickBooks Online is the cloud-based version of the popular and versatile QuickBooks business accounting software.

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

Adobe has estimated that sales stretching from Thanksgiving to Cyber Monday should be worth as much as $29 billion. And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. States have been defining their parameters for economic nexuses.

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Shrinking the Delaware Tax Loophole: Other U.S. States to Incorporate Your Business

inDinero Tax Tips

From startups to public enterprises, your bottom line is affected by your state of incorporation’s corporate income tax, excise (sales and use) tax, sales tax , physical and economic nexus tax, franchise tax, and gross income tax. Gross receipts tax is the opposite of a sales tax that customers pay. Historically, in the U.S.,