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Are Digital Ad Taxes Spreading?

TaxConnex

Maryland has a n ew tax on digital advertising and has extended the state ’ s existing sales and use tax to the sale of such digital goods as digital code, streaming, music, ring tones, e-books and audio books, movies, online newspapers and cable, satellite and pay-per-view television programming.

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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

TikTok: As a marketplace facilitator, TikTok may be congressionally embattled but is legally required to calculate, charge and collect applicable sales taxes on all sales made through its retail arm, TikTok Shop, which enables product discovery, checkout and post-payment activities from within the TikTok app.

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Charging sales tax based on an IP address

TaxConnex

Recently, Massachusetts, Oregon, Indiana New York and Connecticut were among states joining Maryland in again attempting to tax digital advertising and data in new ways. This information usually isn’t available without a court order or without going through other legal processes.”

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Maryland Community Bank Wades Into Cannabis Market

PYMNTS

Providing financial services to legal marijuana businesses in the U.S. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. has proven a challenging, complicated venture for the nation’s banks. But challenges remain.

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What happened in sales tax in 2022

TaxConnex

The year started with attention on new online products and sales tax – notably in Maryland with its tax on digital advertising. Observers immediately called the Maryland law “incredibly vague” on definitions. Recreational marijuana, for example, was on the ballot to legalize in many states – as were measures to levy sales tax on it.

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The Benefits of Delayed Business Filings

CPA Practice

A delay allows business owners to specify a future effective date on their registration forms, granting them control over when their company officially becomes a legal entity. In a delayed filing, the business controls when the company officially becomes a legal entity. Let’s look at both options.

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What Happens if You Mess Up a Sales Tax Filing

TaxConnex

Maryland socks you with a late-filing penalty of 10% and interest at a rate of not less than 1% per month. Those “legal processes” that Maryland mentioned can be punishing. Annapolis goes further by threatening a lien against you or your business if you refuse or fail to follow through on arrangements of payments.

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