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Understanding Affiliate Nexus and Other Forms of Physical Presence

TaxConnex

The explosive growth of online sales means that state and local governments are searching for ways to recoup the tax revenue that they have determined they are owed. Between the second quarter of 2020 and the second quarter of 2021, online sales in the United States grew by 28 percent. This is known as “ economic nexus.”.

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Taking a Look at Sales Tax Exemptions and Why They're Important

TaxConnex

But exemptions can be harder to secure in some states than in others. Every state can apply for tax exclusions and exemptions as they see fit on goods and services within their state, but they aren’t required to. The business (you) must then review the certificate for completeness and validity.

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The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

Senate, the future of COVID-19 relief, and the fiscal crisis facing the 50 states. That scenario could make it difficult to maintain a united coalition on tax proposals, Oaks said, because there are divergent economic policy views among Democratic senators. Here are key takeaways from the presentation, which can be viewed here.