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What's new in sales tax?

TaxConnex

Use of Amazon’s FBA program may also create physical nexus in Washington, part of the stored-inventory question that has moved forward in many states (though not, notably, in Pennsylvania ). Also, the retailer must make the election in the contract for Amazon to collect their sales tax. No refund, stat!:

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Does sales tax apply to memberships?

TaxConnex

Gym and fitness chains and warehouse retailers, for example, use the internet to sell memberships to their franchised businesses all over the country. In recent years IHRSA lent its voice to prevent imposition of sales taxes on health club memberships in Maine, Pennsylvania, West Virginia, Wyoming, Georgia and Arizona.

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The over-and-over process of sales tax compliance | TaxConnex

TaxConnex

Phil Connors, Groundhog Day In 1993, a Bill Murray movie quietly appeared about a Pennsylvania TV weatherman who relives the same day (February 2) over and over in the town of Punxsutawney. Well, it’s Groundhog Day. This is a pivotal step in your compliance. Only seven states are forecasting growth exceeding 5%; eight forecast declines.

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Sales Tax Issues for Online Retailers

Withum

This landmark decision attempted to level the playing field between brick-and-mortar and remote online retailers. . Thus, the state legislature that sets the rules for sales tax for online retailers at the state level is implementing them locally also. The post Sales Tax Issues for Online Retailers appeared first on Withum.

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Sales tax concerns if you sell through multiple channels

TaxConnex

Businesses have new ways to sell today, as marketplaces such as Amazon and the business’s own website have joined established channels like direct retail sales and wholesale sales. Each brings different sales tax implications – and retail and ecommerce businesses aren’t always aware of their obligations.

Sales 130
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When do I have to start collecting out of state sales tax? Part 2

TaxConnex

is a business or organization that contracts with third parties to sell goods and services on its platform and facilitates retail sales. Major ones include Texas, Pennsylvania, Ohio, Virginia and California. Taking your customers’ word that they are exempt will not help you during an audit.? economic nexus laws. Generally, a?marketplace

Sales 177
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Friday Footnotes: Accountant Shortage Ramps Up Work Pressure; Celebrities’ Trusted CPAs; ERC Reverse Card | 12.8.23

Going Concern

companies while hindering recruitment and retention, according to 78% of audit partners surveyed by the Center for Audit Quality. The CAQ surveyed 748 audit partners at eight of the largest accounting firms about conditions for their clients. Cohen & Co., McKonly & Asbury ] The merger will be effective January 1, 2024.

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