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Transaction Thresholds: Vanishing Acts?

TaxConnex

Utah recently considered dropping its 200-transaction threshold but has tabled the legislation. After the initial flush of money right after Wayfair (and, later, the pandemic’s e-commerce explosion), states discovered that enforcing compliance doesn't come cheap. (Thirteen economic-nexus states never had such thresholds.)

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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

Amazon Started by Jeff Bezos in his garage 30 years ago, the world’s e-commerce goliath is a “ marketplace facilitator ,” a business or organization that contracts with third parties to sell goods and services on its platform. On a marketplace platform, who has responsibility for the sales tax?

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

In the winter, e-commerce jumped 96% year-to-year from 2020 to 2021. Stating the shipping cost separately on the invoice affects its taxability in Alabama, Arizona, Illinois, Iowa, Maryland, Oklahoma, Utah, Virginia and Wyoming. Rules vary widely from state to state for the physical delivery of goods.

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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. States with flat income tax : Colorado Illinois Indiana Kentucky Massachusetts Michigan North Carolina Pennsylvania Utah.

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Cash&Carry Rebrands Itself Into Smart Foodservice

PYMNTS

” Headquartered near Portland, Oregon, Smart Foodservice currently has 63 wholesale stores located in Washington, Oregon, California, Idaho, Montana, Nevada and Utah. Earlier this week, the company announced that net sales increased 5.1 percent to more than $1 million with a comparable store sales increase of 1.2 percent to $28.6

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The Enigma of Drop Shipments for Sales Tax Purposes

TaxConnex

As e-commerce continues to explode – it almost doubled during the pandemic and was already rising sharply nationwide in early 2019 – drop shipment transactions have become even more prevalent. Let’s say the distributor is in Arkansas and the retailer is still in South Carolina, but the customer is in Utah instead of Illinois.

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An App A Day Keeps Grocery Shoppers Coming Their Way

PYMNTS

Meanwhile, in Utah, Macey’s shoppers can now use their phones to Skip Checkout. We are actively looking to add strategic partners and Campbell’s outlook on the future of food and e-commerce aligns perfectly with the Chef’d vision of the future of online grocery,” said Kyle Ransford, CEO at Chef’d.