Withum

SEPTEMBER 16, 2022

Many Americans redirected their spending on new furniture, gardening supplies, or materials for home improvement projects, which are all taxable. Second, the government issued stimulus checks which pumped more spending money into the economy for those not hurt financially by the pandemic. Compliance Complexities. Let’s Talk.

Sales 80

Sales Retail Tax South Dakota 80

TaxConnex

AUGUST 3, 2021

Anecdotally, sales tax revenue for local governments in the state of New York state rose 49.2% It adds that sales of “canned” computer software are generally taxable retail sales in Illinois and that software provided through a cloud-based delivery system is not subject to tax. in 2Q21 compared with the same period of 2020.

Sales 209

Sales Tax Mississippi New Mexico 209

TaxConnex

FEBRUARY 14, 2023

Expected spending on gifts this year should average $192.80, up almost 10% from last year, according to the National Retail Foundation. In New Mexico, the method of delivery can dictate the taxability. This can depend on details: For example, tax in California depends on the temperature of the food.

Rhode Island 130

Rhode Island Sales North Carolina Tax 130

PYMNTS

NOVEMBER 11, 2020

The development of a COVID-19 vaccine is positive news for retailers as they find themselves once again on the front lines of the surge in the pandemic. During the first series of lockdowns in April and May, “essential” retailers were allowed to stay open. If a retailer sold food, it was essential. On Tuesday (Nov.

Retail 56

Retail New Mexico Government 56

TaxConnex

MAY 5, 2022

SaaS for example is subject to sales tax in many states and many services are taxable in states like Hawaii, South Dakota, and New Mexico. In general, sales tax exemptions are statutory exceptions eliminating the need for the retailer to collect sales tax on a particular transaction or on all transactions with a customer.

Sales 168

Sales South Dakota Tax Hawaii 168

PYMNTS

OCTOBER 2, 2020

The website is now being piloted with retailers from Montana, Colorado, Texas, New Mexico, Massachusetts and Maryland. Retailers will have the capacity to quickly grow their customer base and offer a digital storefront for shoppers who are geared toward purchasing from small companies, per the release.

Montana 94

Montana Maryland New Mexico Colorado 94

CPA Practice

MARCH 7, 2023

Not all states are equal when it comes to sales tax filing and remittance; some states have multiple filing schedules, some call for special reporting requirements, and some allow county governments to administer local taxes on top of state tax. If you’ve done business in New Mexico, you may be familiar with the state’s gross receipts tax.

Sales 52

Sales Tax South Dakota Alaska 52