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Multi-channel selling sales tax: Direct/retail sales

TaxConnex

Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales. But it’s never a good idea to guess about your sales tax obligations.

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Sales Tax Issues for Online Retailers

Withum

Second, the government issued stimulus checks which pumped more spending money into the economy for those not hurt financially by the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g., More Enforcement.

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5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

TaxConnex

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. The most common exemption is a “sale for resale,” which allows businesses to purchase products free of tax.

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Common Challenges: Brewery Research and Development Tax Credit

Withum

The Brewery R&D (Research and Development) Tax Credit is a government incentive program designed to encourage innovation and technological advancements in the brewing industry. To overcome these challenges, breweries can consider seeking professional assistance from tax consultants or experts with experience in R&D Tax Credits.

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Promotion Watch ’24: Moss Adams Adds 20 Partners to the Roll

Going Concern

Tax Credits & Incentive Services). Antonache manages federal and state tax consulting and compliance matters related to incentives for renewable energy development. International Tax Services). Let’s tone it down a little, Eric. The new partners are: Irina Antonache (Portland, Ore., Real Estate Practice).

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

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Likewise, employers pay State Unemployment Tax Act (SUTA) taxes to fund state unemployment benefits. Quarterly Taxes (Estimated Taxes) Most sole proprietorships, partnerships, and S corps owners pay estimated taxes to the government on a quarterly basis.