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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.

Sales 214
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Are Digital Ad Taxes Spreading?

TaxConnex

Opponents have promised legal challenges , and t he Tax Foundation calls the new Maryland law “ incredibly vague ” on vital definitions, creating uncertainty about where revenue is sourced and when it is subject to the tax. Full of legal holes or not, will laws similar to Maryland’s mushroom in other states?

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Digital advertising tax blocked

TaxConnex

They also promised continuing legal challenges, as they have since the law’s inception. Several states have toyed with a digital advertising tax like Maryland’s, including Montana, West Virginia, Nebraska, New York, South Dakota and the District of Columbia. Constitution’s due process clause, Commerce Clause and First Amendment.

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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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Some States Are Looking to Abolish Property Taxes Entirely

CPA Practice

Nebraska Republican Gov. He looks to offset reduced revenues by raising the sales tax and expanding it to include services such as veterinary care, large advertisers and legal fees for businesses. Jim Pillen wants to reduce property taxes by 40% this year.

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Understanding sales tax permits

TaxConnex

In states like Nebraska , Ohio and Washington , among others, you can register using the Streamlined Sales Tax Registration System ( SSTRS), and after registering allow about 15 days for states to mail you the state’s registration number and reporting information. States often help registrants with FAQs; Oklahoma’s even have a video.

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US Voters Approve Sports Betting, Casino Gaming Expansions In 6 States

PYMNTS

gambling industry, with three states authorizing legal sports betting and three others either approving or expanding casino gaming, the Associated Press (AP) reported. The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. billion by 2025.

Sports 77