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Minnesota State Tax Updates

Withum

Blogs

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Minnesota Vikings Drive Fan Engagement With Winning Chat Experiences

PYMNTS

On the football field, the NFL’s Minnesota Vikings are showing flashes of brilliance, but at this early part of the season, they’ve posted only one win in six games and trail their division rival, the Green Bay Packers.

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More States Enact Pass-Through Entity (PTE) Taxes; including Arizona, California, and Minnesota

Withum

Articles

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Hy-Vee’s First Wahlburgers Restaurant Opens In Minnesota

PYMNTS

Hy-Vee amps up its partnership with the Wahlberg brothers by opening its first Wahlburgers restaurant at the Mall of America in Minnesota. The opening comes as Hy-Vee plans to open another 25 restaurants over the next few years, The Star Tribune reported. Hy-Vee Chief Executive Randy Edeker was not initially interested in the partnership. But I promised him I’d consider it,” Edeker told the newspaper.

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Fed’s Kashkari Advocates For New Lockdown

PYMNTS

Neel Kashkari , president of the Federal Reserve Bank of Minneapolis and Dr. Michael Osterholm , director of the Center for Infectious Disease Research and Policy at the University of Minnesota , said the defeat of the coronavirus will require sacrifice but will save thousands of lives.

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The latest on sales tax on shipping charges (part 1)

TaxConnex

A mixed package incurs sales tax on the portion of shipping equal to that portion of the package that is taxable goods: This occurs in Arkansas, Minnesota, Nebraska, New York, North Carolina and Rhode Island.

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What was new in September for state sales and use taxes

TaxConnex

Minnesota also reported a slower-than-forecast August for sales tax. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Inflation bites.

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Blog: Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma.

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Gross vs. taxable sales: Which count toward economic nexus?

TaxConnex

Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma.

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Withum Welcomes Bob Bamsey

Withum

Bob holds a Master of Business Administration from the University of Minnesota. He is also an adjunct professor at the University of Minnesota’s Carlson School of Management, teaching transfer pricing courses for Master’s Students.

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What’s new in state sales and use taxes

TaxConnex

A similar proposal looms around the Twin Cities of Minnesota. There’s always something changing in the world of tax, especially sales tax.

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What's New in State Sales and Use Taxes - Monthly Update

TaxConnex

Minnesota has released updated guidance regarding the state’s requirement that out-of-state marketplace providers collect and remit Minnesota sales tax if they meet the nexus threshold. There’s always something changing in the world of tax, especially sales tax.

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

TaxConnex

Minnesota has updated its guidance for calculating sales tax on certain online discounts, including online deals and cryptocurrency. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. State updates.

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Massachusetts Enacts Provision for Accelerated Sales Tax Remittance

TaxConnex

Massachusetts joins such states as Minnesota , Ohio , Pennsylvania and Michigan with accelerated tax payment programs. Massachusetts has joined the ranks of states that have provisions for accelerated remittance of sales tax. What does this mean for online companies that sell into that state?

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Excise Tax versus Sales Tax

TaxConnex

Excise taxes vary widely from state to state, but in recent years states collecting the highest per-capita excise taxes include Vermont, Nevada, Hawaii, Minnesota, and Maryland. Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax.

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Tricky items for sales tax (Part 2)

TaxConnex

Minnesota, Pennsylvania, Vermont and Rhode Island and New Jersey do just the opposite for protective and some other specialized clothing. Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Clothes.

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The new breed of audit

TaxConnex

The Minnesota Department of Revenue, for example, bids all a hearty welcome to its Audit Room and Virtual Room , billed as “a secure space online to exchange files and other information with Revenue.” In years past, auditors could show up at your door asking to look at your records.

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Impacts of using a marketplace facilitator

TaxConnex

Most recently , Michigan and Minnesota issued guidance on sales and use tax nexus applicable to marketplace facilitators and sellers, clarifying when facilitators have sales tax obligations. Online sellers hear an endless amount these days about “marketplace facilitators.” What are they?

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Best States to Practice Dentistry In

DentalAccounting

Minnesota. According to 24/7 Wall Street, a career in dentistry provides a median salary more than quadruple all professions. That’s right, the median salary for a dentist is $156,240. To take this a step further, the best states for dentistry might surprise some of you. When you factor in variations in dental insurance coverage, frequency of visiting a dentist, quality of life, cost of living and more factors, then the best states to practice dentistry are: 1. Massachusetts.

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Sales Tax on Shipping: When Does it Apply?

TaxConnex

When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required).

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What Happens if You Mess Up a Sales Tax Filing

TaxConnex

In Minnesota, the tab is 5% of any tax not paid by the regular due date, and another 5% for each additional 30 days or fraction of 30 days that the tax isn’t paid in full, up to 15%.

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What's New in Sales and Use Tax?

TaxConnex

Minnesota Gov. There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. So what has the pandemic done to states’ coffers?

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Sales and Use Tax Updates from February

TaxConnex

Minnesota wants comments on possible rules governing sales and use tax recordkeeping and consolidated return requirements. There’s always something changing in the world of tax, especially sales tax. And 2021 is off to a n especially busy start.

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Marketplace facilitators: Your latest Q. and A.

TaxConnex

Michigan and Minnesota have issued guidance on sales and use tax nexus applicable to marketplace facilitators and sellers, clarifying when facilitators have sales tax obligations. We talk a lot about nexus and compliance processes in our content, but what about marketplace facilitators?

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Megamalls Like Mall Of America And American Dream Face Mega Problems 

PYMNTS

malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. Megamalls are having mega problems. The two largest U.S.

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What happened in sales tax in 2022

TaxConnex

Meanwhile, states like Minnesota and Iowa were revising their regs on non-fungible tokens, digital-based services and cryptocurrency.

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Is Software as a Service Taxable? 

Anders CPA

Arizona Connecticut District of Columbia Hawaii Iowa Louisiana (1/1/2023) Massachusetts Maryland Minnesota Mississippi New Mexico New York Ohio Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Washington West Virginia. Is Software as a Service (SaaS) taxable?

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Last Labor Report Before Election Shows Drop In US Jobless Claims

PYMNTS

17 were in Massachusetts (+5,442), Kansas (+3,010), Virginia (+2,255), Texas (+616) and Minnesota (+493), while the largest decreases were in California (-16,207), New York (-11,495), Georgia (-9,274), Florida (-7,834) and Michigan (-7,774). Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL).

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If You Are Missing The Office

RitaKeller

I enjoyed my time with PWB CPAs & Advisors in Minnesota this week. “Don’t let the noise of others’ opinions drown out your own inner voice.” ” – Steve Jobs. It’s time for some Friday ramblings. Another week has passed by so quickly and things are changing at that same quick base. Of course, I wasn’t there in person but speaking to their entire team (via Teams) about CPA firm communication was still a joy for me.

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The State-By-State Complexities Of Sales Tax Compliance

PYMNTS

percent: Proposed food and beverage sales tax to affect North Mankato, Minnesota in 2020. Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods.

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Google Slapped With Antitrust Lawsuit Filed By Coalition Of 38 States

PYMNTS

A coalition of 38 state attorneys general filed an antitrust lawsuit against Google , accusing the search giant of engaging in anti-competitive practices, the Associated Press (AP) reported on Thursday (Dec. The federal lawsuit was filed in Washington, D.C.

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Target Brings Local Crate Meal Kits To More Stores

PYMNTS

Following a test of Local Crate in select stores, Target is bringing the company’s meal kits to over 200 stores in California and Minnesota. Target Spokeswoman Kate Decker told the Star Tribune in an e-mail, “Based on the results, we have decided to continue testing with a smaller assortment in various Minnesota, Texas, and California locations.”. With the Local Crate meal kits, Target is bringing them to 54 stores in Minnesota and 142 stores in California.

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Supermarkets Hoard Staples For Holidays, COVID Resurgence

PYMNTS

General Mills , a global manufacturer and marketer of branded consumer foods based in Minnesota, said it still can't keep up with demand for Progresso soup, Betty Crocker cake mixes and Pillsbury refrigerated dough.

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Hundreds Of Jobs Lost As Amazon Cuts Ties With Logistics Company

PYMNTS

Facilities in Ohio, Minnesota, Virginia and Illinois will close in April, and about 280 people will be let go.

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Travel Management Firm CWT Pays $4.5M In Bitcoin To Hackers

PYMNTS

The news service said it learned details of the negotiations between Minnetonka, Minnesota-based CWT and the unidentified hackers because the talks played out in a publicly viewable chat room. Corporate travel manager CWT paid $4.5

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Leaping Into the Unknown

SingleTrackAccounting

The Minnesota based company shifted to making protective masks for hospitals, first responders, and retail stores. We have been recently reminded that it is crucial for entrepreneurs to stay up to date on emerging trends.

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Congress Calls For New Pandemic Stimulus Round ASAP

PYMNTS

The lawmakers signing the letter include Ro Khanna and Katie Porter of California; Pramila Jayapal of Washington; Ilhan Omar of Minnesota; Jamie Raskin of Maryland; and Rashida Tlaib of Michigan. .

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Target Rolls Out New ‘Connected Living’ Store Design

PYMNTS

Currently getting a test run in Minnetonka, Minnesota, the project reportedly stems from the Open House design of using an “physical “house” space and LED screens to illustrate how connected products work in a real-life setting. The Minnesota translation of that involves directing customers to discover tables and LED screens dedicated to different product categories.

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Another 6.6M Americans File For Unemployment As Layoffs Continue

PYMNTS

The largest decreases were in Nevada, down 20,356; Rhode Island, down 8,047; and Minnesota, 6,678. . Jobless claims released Thursday (April 9) show that the coronavirus triggered another 6.606 million unemployment claims for the week ending April 4.

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Electric Truck Maker Rivian Gains $2.65 Billion In T. Rowe Price-Led Funding Round

PYMNTS

Minnesota-headquartered electric truck maker Rivian closed a $2.65 billion investment round led by funds and accounts advised by T.

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DTC Brands Fill Pricing Gap In Outdoor Furniture Market

PYMNTS

Yardbird’s concept, which has grown into a brand with an eCommerce website and a showroom in Minnesota, offers 10 furniture collections. Yardbird always provides white-glove deliveries in Minnesota, while customers in other locations have to request the offering. To give consumers an idea of how the furniture would look in real life, the company has a showroom in Minnesota. “It’s

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Mall of America Skips Mortgage Payments Before June Reopening

PYMNTS

The mall, which is located in Bloomington, Minnesota, is set to reopen its retail shops at the beginning of June. As an indication of how much retail real estate owners are struggling amid the pandemic, The Mall of America has reportedly skipped two payments on its mortgage of $1.4 billion.

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Loss Of Advertisers Knocks Facebook’s Market Value Down $56B

PYMNTS

In 2018, as the midterm elections were approaching, Senators Mark Warner of Virginia and Amy Klobuchar of Minnesota sent an open letter to Zuckerberg critiquing his then-new ad policy of requiring those buying ads to note who paid for them.