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Multi-channel selling sales tax: Wholesalers and Drop Shipping

TaxConnex

An exemption could be related to the type of business that is buying the TPP – a non-profit or government entity in certain states for example. The concept that enables state and local governments to require businesses to collect and remit sales tax on the products and services they sell. Assessing your footprint.

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Sales tax concerns if you sell through multiple channels

TaxConnex

The exemption question Sales tax obligations start with nexus, the concept that enables state and local governments to require businesses to collect and remit sales tax on the products and services they sell. These forms are especially important in sales tax audits. And there’s an infinite number of forms.

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Trending Sources

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Friday Footnotes: KPMG’s ESG Conflict; PwC Fails to Deliver; FASB Turns Attention to AI | 3.3.23

Going Concern

EY US launches Center for Government Modernization [ PR Newswire ] Side note: why are they still using Ernst & Young in press releases? Ernst & Young LLP (EY US) today launched the EY Center for Government Modernization (the Center), an initiative of the EY US Government & Public Sector. billion accounting.

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State Sales and Use Tax Update

TaxConnex

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. There’s always something changing or new going on in the world of tax, especially sales tax. Here’s a review of some of the changes and updates in the last few months.

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Monday Morning Accounting News Brief: Big 4 Consulting Salaries; Accounting For Dummies; PwC Boomerangs | 3.27.23

Going Concern

South Carolina’s comptroller quits after a $3.5 Deloitte Strategy & Analytics (S&A) offers MBA graduates base salaries of $175,000; Deloitte Consulting provides up to $163,000; Deloitte Federal $128,000; Deloitte Government & Public Services $117,000. They just had to use this picture, didn’t they?

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3 Years Post-Wayfair: A Look Back

TaxConnex

As our economy became more digital, state governments found they were missing out on collecting sales tax – by some estimates billions of dollars in annual revenue. States like South Carolina and Iowa reported early, positive, revenue collections on the new requirements. A perfect storm. How it started. Similarly, the U.S.

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Friday Footnotes: Fired Accountant Spills the Dirty Laundry; Scandals of Yore; Gen AI For Good | 1.26.24

Going Concern

Long Read Corporate Self-Oversight [ The American Prospect ] Four auditing firms examine the books of nearly every big U.S. How AI is transforming audit [ Thomson Reuters ] In the past, auditors have heavily relied on manual processes to uncover risks in financial statements and business operations. million from the federal government.

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