Remove blog- the-current-state-of-managing-sales-tax-obligations
article thumbnail

When do I have to start collecting out of state sales tax? Part 1

TaxConnex

Sales tax obligations are among them. It’s been four years since these obligations began landing on businesses’ plates nationwide, and the situation isn’t getting any easier. Only now are federal lawmakers beginning to wonder if the current sales tax landscape overburdens online businesses.

article thumbnail

NOMAD States: The Latest on Sales Tax

TaxConnex

NOMAD and sales tax – I’m sure you’ve heard it before. When it relates to sales tax, the NOMAD states refer to the five American states without a statewide sales tax: New Hampshire, Oregon, Montana, Alaska, and Delaware. The NOMADs bear watching for changes in how they handle sales tax.

Montana 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Evaluate Where You Have Established Economic Nexus

TaxConnex

Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. So where exactly do you start in understand ing your sales tax obligation?

Missouri 235
article thumbnail

Doing More with Less: Is It Time to Make a Change?

TaxConnex

Financial leaders within businesses were no exception, as seen in the results of the Second Annual Sales Tax Trends research study, conducted by In90Group and sponsored by TaxConnex in October of 2021 which revealed that over 60% of businesses are unhappy with the way they are managing their approach to sales tax.

Tax 160
article thumbnail

6 (Not So) Simple Steps to Sales Tax Compliance

TaxConnex

Sales tax is complicated. Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side.

Sales 224
article thumbnail

Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

article thumbnail

Understanding depreciation and its impact on corporate tax

ThomsonReuters

Jump to: How does depreciation affect corporation taxes? What is the depreciation guidance for corporate alternative minimum tax? With tax obligations on the rise, your role as a trusted advisor is bound to grow in importance. In short, depreciation can result in a reduction in corporate taxes.