Colorado: Fee or tax?

TaxConnex

Remote retail sales just got rockier in Colorado, which has begun imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state.

Colorado now accepts crypto for taxes

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A Breakdown of the Colorado Occupational Privilege Taxes

Patriot Software

A handful of cities in Colorado have a local tax called an occupational privilege tax. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are.

Knock, Knock? Who’s There? The Colorado Delivery Fee

Patriot Software

If you have a business in Colorado that delivers or ships products to customers within the state, you may be responsible for the Colorado delivery fee. What is the Colorado delivery fee? The Colorado delivery fee is an additional fee for deliveries made by […] READ MORE.

Colorado’s Marijuana Industry Tops $6B

PYMNTS

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. Last year, regulated marijuana sales in Colorado were nearly $1.55 To date, marijuana tax, license and fee revenue totals for Colorado are over $927 million. Retail California Cannabis Colorado Marijuana News revenue sales taxes What's Hot

Bitcoin Daily: Bitcoin Price Rises Above $12K For 30 Minutes; Colorado Lottery Partners With Chainlink For Contest

PYMNTS

The Colorado Lottery is partnering with Chainlink and ETHDenver for a new contest “to create new Lottery games that will excite and entertain a new, broad and diverse group of Coloradans to engage them in supporting the great outdoors and schools,” a press release says.

Colorado State Tax Updates

Withum

Blogs

Bitcoin Daily: US Regulators Join Global Financial Innovation Network; Colorado Explores Crypto Banking For Cannabis Firms

PYMNTS

In other news, proposed legislation from Colorado might aim to help crypto companies and cannabis companies obtain bank accounts, with former members of Colorado’s Blockchain Council meeting earlier this month to work on a bill that would authorize the creation of special-purpose banking institutions in the state. Colorado’s bill does have support from some lawmakers. “My

Second Amazon 4-Star Store Set To Open In Colorado

PYMNTS

Amazon.com is gearing up to open an Amazon 4-star store in Colorado later Thursday (November 1). According to a report in CNET citing Amazon, the second 4-star store will be located in Park Meadows mall in Lone Tree, Colorado, just outside of Denver. The store will hawk products that are rated 4 stars or higher on Amazon, are from top sellers on its platform or are trending on Amazon. The first 4-star store opened its doors in New York City in September. “We

Inside Colorado’s New State-Run Digital Driver’s License App

PYMNTS

PYMNTS recently spoke with Russell Castagnaro, director of digital transformation at the Colorado Governor’s Office of Information Technology , about the app’s development, and how it addresses Coloradans’ concerns regarding security and privacy. but Colorado will be there.”.

Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill

PYMNTS

Representatives from Colorado and Oregon, states known for liberal cannabis laws, want the cannabis industry to be included in future Paycheck Protection Program (PPP) legislation.

Inside The Fight For Digital Driver’s Licenses

PYMNTS

Colorado, Louisiana and 10 other states have digital driver’s licenses in various stages of development but are facing their share of obstacles, including the possibility of incompatibility across state lines.

Bitcoin Daily: Binance Applies For Singapore Crypto License; CFTC Files Charges In Digital Ponzi Scheme

PYMNTS

The Commodity Futures Trading Commission has charged a Colorado resident with fraud in an alleged Ponzi scheme. Bitcoin Binance bitcoin daily CFTC Colorado Google Hedera Hashgraph Ponzi Scheme Singapore Steemit

London FinTech Glint Pay Launches Gold-Backed Debit Card

PYMNTS

office is in Boulder, Colorado. Digital Banking Colorado debit card FinTech Glint Pay gold london MasterCard News Sutton Bank What's HotA company called Glint Pay has launched a debit card that’s backed by gold instead of currency, according to a report in The Denver Post. The company is London-based, and its U.S. The card was released in the U.S. on Monday (July 29). Glint Pay was started by entrepreneur Jason Cozens. “We

Data Breaches Impact Unemployment Benefit Applicants In Four States

PYMNTS

Arkansas, Colorado, Illinois and Ohio have warned tens of thousands of residents who have applied online for unemployment benefits due to COVID-19 of possible data breaches that could have exposed names, addresses and Social Security numbers.

Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. According to a report from CNBC , Colorado, the first to make recreational pot legal, has hit a milestone: It has “surpassed $1 billion in total cannabis-related revenue, the first state in the country to hit that milestone. As Colorado is showing, the legal pot industry continues to grow.

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Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs

PYMNTS

Inside The Launch Of Colorado’s New State-Run Digital Driver’s License. Colorado is one of 12 states currently developing a digital driver’s license program, with the October rollout of the myColorado app.

Uber App Now Offers Public Transport Tickets For CO Riders

PYMNTS

Uber is rolling out more ways to get around with expanded train and bus tickets for its customers in Denver, Colorado. Ridesharing Colorado Mobile Payments News public transport transportation Uber What's HotThe ridesharing leader has its sights set on becoming the smartphone app everyone looks to for a lift—no matter the mode of transportation.

Tricky items for sales tax

TaxConnex

Colorado offers an example of how a state might land on the question in its 2018 letter ruling on the applicability of sales tax to electric car charging stations. Colorado’s letter spelled out that: The sale of electric charging stations incurred the state’s tax on sales of TPP at retail.

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Uber Of X: Rent-A-Ref, Sports Officials For Any Game Or Tournament

PYMNTS

Based out of Riverside, California, the website (and soon-to-be mobile platform) has been working with leagues all over the state, as well as in Colorado, New York, New Jersey, Massachusetts, Illinois, Wisconsin and Texas. uber of x California Colorado Illinois Massachusetts new jersey New York referee referees rent-a-ref Texas Uber of X What's Hot WisconsinPerhaps the most overlooked person in any sport is the most important one: the referee.

States with local economic nexus - a review

TaxConnex

Other states such as Alabama, Colorado and Louisiana have home-rule jurisdictions where separate returns may need to be filed at the local level. Colorado cities with a home-rule charter and that have elected to administer their own local sales and use taxes, though, are “self-collected.”

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Building CPA Practice From Scratch: Luke Gheen

BuildYourFirm

in Colorado Springs, did – in his early 30s and without any public accounting experience. Luke is a long-time resident of Colorado with extensive corporate finance and accounting experience.

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NEW REPORT: Why International Students Must Major In X-Border Tuition Payments

PYMNTS

Among these schools is the University of Colorado Denver , a public institution that hosts international students from 73 countries. Cross Border Commerce cross-border payments Flywire Global Payments Architecture Global Payments Architecture Report international education Main Feature News University of Colorado DenverMany U.S. colleges and universities are eager to roll out the red carpet to recruit international students – and why not?

Someone Looked Up Audit Senior Salary Ranges at the Top 25 Firms to Catch Them Breaking the New NYC Pay Transparency Law

Going Concern

On a related note, the Colorado Sun wrote a long and interesting piece about pay transparency over the summer , the gist of it being only three employers have been fined for non-compliance with the pay transparency law that went into effect on January 1, 2021.

Recent Happenings and Challenges in the World of Sales Tax

TaxConnex

Notable Colorado home-rule jurisdictions have agreed to participate in the Sales and Use Tax System (SUTS), meaning Colorado taxpayers and those selling into the state may soon face more sales tax collection and filing responsibilities.

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What's new in May for state sales and use taxes

TaxConnex

Colorado will no longer require remote sellers, “retailers without physical presence or with only incidental physical presence,” to have local licenses in the state’s some 70 home-rule cities. Beginning July 1, Colorado cities cannot charge out-of-state businesses for local licenses.

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Crypto, NFTs and sales tax: What we know so far

TaxConnex

More recently, governors in Colorado and Florida expressed openness to accepting crypto for paying taxes. Sales tax has a universe of changing conditions. Now we can add more: cryptocurrency (such as bitcoin) and what seems to be its cousin, non-fungible tokens (NFTs).

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Deadlines, Deadlines, Deadlines.Understanding the Nuances to Maintaining Your Sales Tax Calendar

TaxConnex

Still other states (for example Alabama, Colorado, and Louisiana) have home-rule jurisdictions where separate returns may need to be filed at the local level.

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Sales tax and crypto: Latest developments

TaxConnex

You can also even pay your taxes in crypto in Colorado.) Most of us are familiar with the scrutiny placed on cryptocurrencies by the IRS. The next federal 1040 has an even longer set of probing questions about crypto transactions. How does sales tax fit into this?

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Home Rule: Can Local Jurisdictions Create Sales Tax Obligations?

TaxConnex

The Tax Foundation goes on to state “In Alaska, Colorado, and Louisiana, this issue is compounded by the additional challenge of divergent tax bases, where different jurisdictions tax different baskets of goods and services.”

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App purchases and sales and use tax

TaxConnex

In some states, such as Colorado and even Alaska , home rule statutes might also apply.). Many tech companies consider themselves a service provider exempt from sales and use tax.

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Don’t let Black Friday blind you to sales tax obligations

TaxConnex

Colorado has just begun imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination within the state. Holiday shopping season is here again – and eCommerce looks to be bigger than ever.

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Blog: Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma.

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Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma.

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What was new in August for state sales and use taxes

TaxConnex

In Colorado , the Denver City Council has proposed an amendment to the tax code exempting a new state delivery fee and other certain government fees from sales or use tax. There’s always something changing in the world of tax, especially sales tax.

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Vendor concessions/discounts can help pay to outsource sales tax obligations

TaxConnex

Colorado, Mississippi, Nevada, Ohio and Louisiana are among states offering a discount for prompt payment; Arizona gives a better discount for e-filers; Florida and South Carolina offer both.

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What’s new in state sales and use taxes

TaxConnex

Michigan legislators are eying sales tax repeals on diapers after removing a similar state sales tax on menstrual products; Colorado is also considering such a proposal. There’s always something changing in the world of tax, especially sales tax.

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The Facts About Surcharges

Lockstep

The following states prohibit surcharges or restrict the use of the surcharge: California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma, and Texas. Guest Contribution from Fortis. What to know before you charge.

Second Google Lawsuit May Be Filed Next Month By State AGs

PYMNTS

The states involved include Colorado, Iowa, Nebraska, New York, North Carolina, Tennessee, and Utah, according to Reuters. The group is sometimes referred to as the Colorado/Nebraska group and has said it could combine its case with the larger one from the The Department of Justice (DOJ).

Trends: Are sourcing rules changing (and making anything easier)?

TaxConnex

Colorado?has “Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the location where a sale is taxed.

5 reasons you need continuity in a sales tax provider

TaxConnex

Even in states without a tax of their own, like Alaska and Colorado, locally administered sales tax can be a nightmare for remote online businesses. Consistent (i.e., good”) service is a nice thing to have in any industry. In a field that changes as fast as sales tax, it’s a necessity.

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Do you really understand economic nexus for sales tax?

TaxConnex

Colorado home-rule jurisdictions jumped on the economic nexus bandwagon as well. Businesses have heard a lot about economic nexus over the past few years. But what exactly is economic nexus – and, more importantly, have you kept up with its constant changes in the sales tax realm?

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Legalization and Taxation of Cannabis

TaxConnex

And Colorado raked in $362 million in marijuana taxes in 2020, a 30% jump from 2019. Legalization of cannabis and how it would be taxed has been a discussion for many years.

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