article thumbnail

Can an eCommerce platform alone manage sales tax?

TaxConnex

The 2018 Supreme Court decision in South Dakota vs. Wayfair opened the floodgates for economic nexus throughout the U.S. Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. A complex environment Economic nexus. Taxability. Yet again, this can vary.

Sales 201
article thumbnail

Sales Tax Issues for Online Retailers

Withum

The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g., South Dakota v. While cities and counties have their own sales tax rate in many states, most cities and counties follow the taxing rules of their home state.

Sales 80
article thumbnail

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

xendoo

2022 tax year 2023 tax year April 18, 2022 April 18, 2023 June 15, 2022 June 15, 2023 September 15, 2022 September 15, 2023 January 17, 2023 January 16, 2024 If you underpay your estimated taxes or don’t pay them by the due dates, you may be subject to penalties. There are also states that don’t have personal income taxes.