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Alaska moves toward statewide sales tax

TaxConnex

Alaska Gov. Mike Dunleavy is reportedly preparing to introduce a sales tax as part of a long-term budget plan for the state. Five states don’t have a statewide sales tax: New Hampshire, Oregon, Montana, Alaska and Delaware (aka the “NOMAD” states). Vermont was the last state to adopt a sales tax, in 1969.

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Can an eCommerce platform alone manage sales tax?

TaxConnex

Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. Who the customer is and what they’ll use the TPP for can create a sales tax exclusion, too, such as when selling to a church or government agency. Yet again, this can vary.

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Sales Tax Issues for Online Retailers

Withum

First, the pandemic curtailed spending on services that were not generally taxable. Second, the government issued stimulus checks which pumped more spending money into the economy for those not hurt financially by the pandemic. The post Sales Tax Issues for Online Retailers appeared first on Withum. Contact Us.

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

TaxConnex

Early discussions bandied property taxes and temporary hikes in sales tax (Alaska doesn’t have a state-wide one). Exclusions include sales of the services in fulfillment of a lump-sum, fixed-fee contract, or a fixed-price sales contract executed on or before Feb. Then the $6.2 million shortfall landed. 25 this year.

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Cash Infusion for Clean Energy Initiatives

Withum

Generally, entities that can make a direct-pay election include tax-exempt organizations, State or political subdivisions, local governments, Indian tribal governments, Alaska Native Corporations, the Tennessee Valley Authority, rural electric co-ops, U.S. Once an election is made to transfer a credit, it is irrevocable.

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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. Nationwide , the Streamlined Sales Tax Governing Board has made amendments to the Streamlined Sales and Use Tax (SST) Agreement to revise its amnesty-related provisions.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Likewise, employers pay State Unemployment Tax Act (SUTA) taxes to fund state unemployment benefits. Quarterly Taxes (Estimated Taxes) Most sole proprietorships, partnerships, and S corps owners pay estimated taxes to the government on a quarterly basis. We’ll file your taxes too. in New Jersey.