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What's new in May for state sales and use taxes

TaxConnex

States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Sales taxes have become less neutral, less equitable, and less economically efficient over time,” the Foundation said.

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Sales Tax and Business Services – Your Top Questions Answered

TaxConnex

My company only provides services, so what type of sales tax concerns should I have? In most states, the performance of personal and professional services is not a taxable event. New Mexico, Hawaii, and South Dakota tax a variety of services. Information services. Armored car services.

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Is Software as a Service Taxable? 

Anders CPA

Those states that clearly tax SaaS are listed below. Laws are always changing, but the following states currently, as of 9/1/22, have laws in place that at least partially tax SaaS. Anders State and Local Tax services. The post Is Software as a Service Taxable? appeared first on Anders CPA.

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What’s new in sales tax?

TaxConnex

WalletHub compared the 50 states across the three tax types of state tax burdens — property taxes, individual income taxes and sales and excise taxes — as a share of total personal income in each state. Under the statute, a provider of software-as-a-service acts as a serviceman. Pandemic effect.

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