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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Well into the black: Black Friday 2023 e-commerce spending jumped 7.5% Gains in sales tax revenue are becoming spottier in general – especially on the local level – but not statewide everywhere. from a year earlier to a record $9.8

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The Pandemic's Impact on Businesses and Sales Tax: An Update

TaxConnex

In the fall of 2020, I published an article on how the sales tax picture is changing due to COVID-19. Now that we’re over a year into the pandemic, I wanted to provide an update on the sales tax landscape, what predictions have remained the same and what’s changed. E-commerce. sales tax economic nexus on remote sellers.

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New report highlights key indirect tax challenges regarding compliance, technology, and e-commerce

ThomsonReuters

Corporate tax teams responsible for collecting, managing, and paying indirect taxes face numerous challenges in today’s fractious tax landscape. For all too many managers, their days are filled with the stress of keeping pace with various changes in the indirect tax space. Indirect taxes: Much more than just a process.

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How Synder Sync Helps E-commerce Brands Sync Transactions from Amazon, Shopify, eBay, and Etsy to Their Books

Snyder

Nowadays, it’s common for e-commerce brands to have not one platform, but many that they are selling goods from. Many companies will try to enter large numbers of transactions at once manually, opening them up to potential typing errors, or some will even wait until tax time to pull all their records together.

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Avalara Promises 100 More Jobs at North Carolina Office

CPA Practice

By Brian Gordon, Raleigh News & Observer (TNS) With offices overlooking right field of Durham Bulls Athletic Park, the tax compliance software provider Avalara intends to add 100 workers to its downtown location in Durham, NC, by the end of the year. We want to scoop up the talent leaving other companies that are in decline.”

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Best Tax Preparation Software for Small Business: What Tax Software to Choose?

Snyder

The biggest tax season challenge for a small business is tax preparation and filing. Most SMB owners fall into the trap of putting off taxes until the last minute because they don’t have professional tax accounting software backing them up. What is tax software? Tax filing software vs. tax preparation software.

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eBay QuickBooks Integration: Making the Most of Connecting eBay to QuickBooks Online

Snyder

Therefore, optimization of the e-commerce accounting process is relevant for every eBay seller with more than one transaction per day. Such integration could become a game changer for busy eBay sellers. Recording eBay sales , you should sync all data related to this transaction (shipping, fees, sales tax, etc.)