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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores.

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State Sales and Use Tax Update

TaxConnex

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. Texas state sales tax revenue totaled $2.57

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Understanding use tax

TaxConnex

One such phrase is “sales and use tax.”. We sure know what “salestax is. What about Use Tax? Use tax is defined ?as as a tax on the storage, use or consumption of a taxable item or service on which no sales tax has been paid. Use tax or sales tax is due on a sale, but not both.

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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. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. Food for thought. Time for a renovation?

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4 Key Pieces of Your Sales Tax Compliance Process

TaxConnex

Both the process of reporting sales tax and the level of sales tax detail required varies from state to state. Some reporting requirements that should be considered in your sales tax compliance process are: 1. In most states, sales tax is reported to the individual state. Know your Deadlines.

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Five Auburn Alumni Receive Award for Work to Advance Tax Prep Software

CPA Practice

Five alumni of Auburn University who teamed together to create the software development company SmartWiz have been awarded $150,000 in developmental funds by Google to advance and distribute their tax accounting software.

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What exactly is indirect tax?

ThomsonReuters

Types of indirect tax There are several examples of indirect tax, which typically fall into one of three categories: Sales and services taxes Custom and excise duties Activity-based taxes Sales and services taxes In the sales and service tax category, indirect taxes may be seen on the final bill of sale or receipt.

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