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Maryland's digital ad tax struck down

Accounting Today

Tax Tax-related court cases

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The demise of Maryland's digital advertising tax echoes around the world

Accounting Today

Tax Online sales tax Tax-related court cases

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Maryland State Tax Updates

Withum

Blogs

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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

Taxes. Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported.

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Digital advertising tax blocked

TaxConnex

A new tax law in Maryland seemed ready to rattle every company that sold digital products in the U.S. But a court has now invalidated the Maryland Digital Advertising Tax. The judge ruled that the tax violates the Internet Tax Freedom Act and the U.S.

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Excise Tax versus Sales Tax

TaxConnex

Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. What is excise tax? And is it different from sales tax? A different kind of tax pie. Federal, state, and local governments can all impose excise taxes.

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Economic nexus overview - all states with sales tax now active

TaxConnex

Next summer will mark five years since the Supreme Court ignited economic sales tax nexus with the South Dakota v. Many businesses are still trying to figure out how to manage the resulting obligations, but one thing’s clear: Now every state with a sales tax has economic nexus.

Sales 207
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What happened in sales tax in 2022

TaxConnex

New sources of tax revenue, old ones robust but sputtering in spots, tax holidays as political tools amid inflation: It’s been a year of new trends in sales tax. Heading into the new year, state sales tax revenues were up coast to coast, often by double-digit percentages.

Sales 130
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Online Ads: Who Taxes Them and Who Doesn't?

TaxConnex

One of the next big trends in sales tax is one you should start thinking about: states taxing digital advertising. Right now, a little more than two-thirds of states with a sales tax impose a tax on the sale of such digital goods as videos and music.

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Are Digital Ad Taxes Spreading?

TaxConnex

should know about a relatively new kind of ta x – and tax obligation. The state will impose a gross receipts tax ranging from 2.5% Full of legal holes or not, will laws similar to Maryland’s mushroom in other states? to learn what it means when sales tax is all on us. ?.

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App purchases and sales and use tax

TaxConnex

Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps.

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2021: The Year in Review – Sales Tax

TaxConnex

Sales tax in 2021, though, seemed to move in only one direction: It intensified as even more states hopped on the economic nexus bandwagon and the sales tax burden for online businesses grew. Here’s a look back at some of 2021’s biggest developments in sales tax.

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Do you really understand economic nexus for sales tax?

TaxConnex

But what exactly is economic nexus – and, more importantly, have you kept up with its constant changes in the sales tax realm? Sales tax nexus is the connection your business has with a state or local taxing jurisdiction. New taxes are devised all the time. sales tax?off

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Sales Tax and Vitamins/Dietary Supplements

TaxConnex

You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements. In still other instances, they’re not taxed at all. Some states determine taxability and tax-exempt status of the products based on the labels. sales tax compliance sales tax

Sales 207
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What's new in state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No.

Sales 207
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Telecom Tax and Other Specialty Transactions Taxes

TaxConnex

Sales tax is broadly defined to mean any tax that is charged to the end-user customer by the retailer of property or services. Though this definition is correct, it does not always provide a complete picture of a business’s transactions tax liabilities. Sales taxes are a transactions based tax, but they are not the only transactions based taxes. There are numerous specialty transactions taxes applied to specific products, services and industries.

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Sales and Use Tax Updates from February

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The Sunshine State previously bet a lot on tourism revenue making up for not taxing internet sales – but the pandemic has wrecked that industry. Texas sales tax collections totaled $3.07

Sales 208
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What’s new: state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. sales tax compliance sales tax news

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Preparing Your Business for Sales Tax Holidays

TaxConnex

Many states use sales tax holidays to waive or reduce sales tax on various items. Location, location, location is the rule when it comes to sales tax holidays. But holidays cover both state and local taxes in Oklahoma, Virginia, Texas, and other states.

Sales 207
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Sales Tax on Shipping: When Does it Apply?

TaxConnex

It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. But as most things in sales tax, this isn’t always the case, it depends on the situation and jurisdiction.

Sales 207
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Monthly Sales and Use Tax Update

TaxConnex

There’s always something changing in the world of tax, especially sales tax. 1, 2022, though, all retailers must apply the destination sourcing rules when calculating, collecting and remitting state sales tax. 199, which would establish a centralized sales tax commission.

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What's New in State Sales and Use Taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The proposed tax would help fund the “Connecticut Equitable Investment Fund,” which would be designed to address socio-economic inequality. sales tax sales tax news

Sales 207
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What's new in July for state sales and use taxes

TaxConnex

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Maryland will begin exempting items including?baby

Sales 130
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What Happens if You Mess Up a Sales Tax Filing

TaxConnex

Last week we talked about all of the different filing frequencies and deadlines you have to manage with your sales tax obligation. T rying to meet your sales tax obligations across many different states confronts you with a head-spinning assortment of deadlines and filing frequencies.

Sales 207
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Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

TaxConnex

States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits. area company must pay back more than $95,000 after pocketing sales tax money owed to the state, according to authorities. sales tax compliance sales tax

Sales 203
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Don’t let Black Friday blind you to sales tax obligations

TaxConnex

But retailers looking forward to perhaps record online sales have to remember how to comply with widely divergent sales tax regulations. With this continued expansion of online sales, keep an eye on a few details related to your sale tax compliance: Nexus.

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End of the Year Sales Tax Updates to be Aware of as You Start 2022

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Kelly also said that total tax collections for November were $626.8 Sales and use tax collections were 13.8%, or $34.5 TaxConnex provides services to become your outsourced sales tax department.

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Monthly Review of What's New in Sales & Use Tax

TaxConnex

There’s always something changing in the world of tax, especially sales tax. They were the last two states with a sales tax to set up such requirements.). Turns out the pandemic may not have hurt states’ sales tax revenues like originally thought. sales tax sales tax new

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On States’ Radar is Digital Advertising Tax, as Maryland First in the Nation to Enact

Withum

Articles

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The Pandemic's Impact on Businesses and Sales Tax: An Update

TaxConnex

In the fall of 2020, I published an article on how the sales tax picture is changing due to COVID-19. Now that we’re over a year into the pandemic, I wanted to provide an update on the sales tax landscape, what predictions have remained the same and what’s changed. Maryland?has

Sales 208
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Sales tax holidays for the rest of the year

TaxConnex

In many states, sales tax holidays have been in full swing this year and will continue for months to come. These holidays are limited times (frequently weekends) where a state allows sales tax to be eliminated or reduced on categories of consumer products. 6-7); Maryland (Aug.

Sales 130
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Sales and Use Tax Updates from March

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The Alaska Remote Seller Sales Tax Commission has approved its “Remote Seller Sales Tax Code & Common Definitions” that would apply to local municipalities in Alaska that choose to adopt it.

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Can IP Addresses Be Used to Assess Sales Tax?

TaxConnex

What’s an IP address and how can it influence your company’s need to collect and remit sales tax to states? When your customers access your website and make purchases, the customer is often providing a billing and/or shipping address which can be used to determine where sales tax applies.

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What to know about responsible party laws

TaxConnex

We hear a lot about “sales tax obligations,” but who exactly in your company is “obligated?” Since the Supreme Court’s 2018 Wayfair decision, many businesses are required to collect and remit sales tax in multiple states – more so than pre-Wayfair. sales tax compliance sales tax CPA

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Taxation of services

TaxConnex

Understanding the taxability of your company’s products or services is one of the key steps to complying with sales and use tax laws. Services continue to pop up among states’ lawmakers as a potential new source of sales tax revenue. sales tax compliance sales tax taxability

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The latest on sales tax on shipping charges (part 2)

TaxConnex

Shipping is indispensable to eCommerce yet sales tax on it remains a mishmash of regulations across the states. In our previous blog, we looked at how exemptions, the taxability of the item being shipped and selling into tax-free states affect sales tax on shipping.

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Video Conferencing: Has the Pandemic Created a New Taxation?

TaxConnex

That’s a lot like understanding the taxes on videoconferencing services right now. What is videoconferencing classified as for tax purposes? And are they taxed differently? In most states, sales tax applies to telecom services. Local taxes.”.

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Summertime Tax Tips. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Biden Administration issues tax proposals “Green Book.” The Vermont Department of Taxes has updated its guidance for remote workers.

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What ‘Patchwork’ eCommerce Taxes Mean For Black Friday – And Beyond

PYMNTS

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. The decision allowed counties, states and municipalities to pass laws that tax out-of-state sellers and the marketplaces that serve them. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair.

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Best States to Practice Dentistry In

DentalAccounting

Maryland. Clearly, the analysis from 24/7 did not take taxes into account as these are probably the highest tax states. If you need a higher level of tax expertise, then we recommend requesting a member of the Dental Accounting Association. All Dental Accounting Association members are Certified Tax Coaches in addition to being a CPA. Certified Tax Coaches know how to proactively save thousands of dollars that would otherwise be wasted on unnecessary taxes.

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Is Software as a Service Taxable? 

Anders CPA

Even if a state doesn’t require sales tax on SaaS, the company may still need to file if they pass a certain threshold of sales. State Tax Considerations for SaaS Companies. For tax purposes, the definition of SaaS may differ from state to state. Does My State Tax SaaS?

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How Are Public Accounting Salaries Stacking Up For 2023? (Part 4, Hays U.S.)

Going Concern

For this article, we selected four positions in audit and four in tax. In Georgia, audit managers and tax managers are expected to see salaries rise 22.2%, while tax directors are projected to have a bump in pay between 7.1% and 20% for tax managers in Florida. Tax senior.

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PPP Loan Fraud is Out of Control! Case Investigations & EIDL Fraud

LyfeAccounting

Or why they think they can get away with lying about businesses and employees when there are so many ways to easily invalidate their loans such as: payroll taxes and. million dollars in PPP funding for the business Cars Direct and used fraudulent tax forms to support his application.

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