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2024: What’s coming up in sales tax

TaxConnex

The new year will no doubt be another active one in sales tax. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. But state sales tax revenues are projected to increase 1.7%

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Sales tax and NFTs: Latest developments

TaxConnex

Some NFTs alone on OpenSea have sold for millions and in recent years the average sales price of an NFT (an admittedly volatile commodity) jumped from about $150 to $4,000. Nevertheless, how long before states start trying to tap this market to collect sales tax? Sales of digital products are generally subject to retail sales tax.

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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Johns County, Florida, received a $750 credit from Amazon after discovering that the marketplace facilitator had been overcharging her for sales tax for more than a decade, news reports said. New York state sales tax collections jumped 2.5%

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Charging sales tax based on an IP address

TaxConnex

Many tech companies consider themselves service providers, exempt from sales and use tax. But a purchase within an app or gaming system may not require the same information, so the location of a purchase can be harder to pinpoint. How useful is that in some states, where sales tax can vary by city, town – even by neighborhood? “We

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Subscription Billing and Your Sales Tax Obligation

TaxConnex

The model does come with steady sales tax obligations and risks though, and if not properly understood, it could lead to significant sales tax risk in the business. Numbers game. Sales tax on groceries and prepared food also vary widely state to state. Sales tax is more complicated than ever and not getting any easier.

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Build a Game Changing Marketing Action Plan in Just 9 Steps

DuctTapeMarketing

Build a Game Changing Marketing Action Plan in Just 9 Steps written by Kyndall Ramirez read more at Duct Tape Marketing. If you want your business to be successful, you have to have a game plan. If you want your business to be successful, you have to have a game plan. But where do you start? We’ve mapped out the steps for you.

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Monthly State Sales and Use Tax Update

TaxConnex

There’s always something changing in the world of tax, especially sales tax. There are currently five states with no state-level sales tax. Alaska has long heard rumblings of a statewide sales tax. First came the state’s Remote Seller Sales Tax Commission of municipalities banding together to tax sales.