Anders CPA

OCTOBER 10, 2023

Sales tax regulations have become a significant concern for both businesses and consumers. Sephora) sheds light on the repercussions of collecting an improper amount of sales or use tax. million to resolve claims of overcharging taxes on Missouri purchases serves as a lesson for all people involved.

Missouri 59

Missouri Tax Sales Legal 59

Anders CPA

OCTOBER 26, 2023

On July 31, 2023, Missouri released Private Letter Ruling No. The ruling provides insight into the obligations of a California-based 501(c)(3) not-for-profit organization that operates as a marketplace facilitator regarding the collection and remittance of sales and use taxes.

Missouri 88

Missouri Sales California Education 88

TaxConnex

NOVEMBER 3, 2020

There’s always something changing or new going on in the world of tax, especially sales tax. In Alabama , tax licenses – including for sales tax, sellers use tax and the simplified sellers use tax – must be renewed annually as of Nov. New York City tax revenues in March and April fell $1.15

Sales 224

Sales Tax Wisconsin Vermont 224

TaxConnex

DECEMBER 30, 2021

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. Happy new fear. Illinois, on Jan.

Sales 193

Sales Tax Maryland West Virginia 193

TaxConnex

JANUARY 3, 2023

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. Wayfair, Inc et al decision. Stay tuned.

South Dakota 196

South Dakota Sales Alaska Tax 196

TaxConnex

APRIL 12, 2022

There’s always something changing in the world of tax, especially sales tax. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes. and nearly halve the state sales tax on groceries, to 3.5%. Give us a break. Additional Updates.

South Dakota 209

South Dakota Sales Tax North Carolina 209

TaxConnex

MAY 23, 2023

Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in New York. If only that was the only complex category concerning sales tax. California, Idaho, South Carolina, Tennessee and Virginia exempt clothing sales for some nonprofits. Take diapers. In the clear?

South Carolina 130

South Carolina South Dakota Sales Montana 130

TaxConnex

NOVEMBER 9, 2023

Exactly how long will it take you to set up a process to evaluate and comply with your sales tax obligations? Depends on your business and where you are in your sales tax journey. Do you need a sales tax solution? It could take as little as a month or so or up to six months (or more).

Sales 147

Sales Tax Missouri Start-ups 147

TaxConnex

MAY 4, 2021

But don’t forget that success that comes from selling into more states can also expand your sales tax burdens. Businesses that sell into multiple states or jurisdictions have to pay attention to sales tax thresholds, and it’s not a one-time project. connection a business has with a state or taxing jurisdiction.

Sales 246

Sales Tax South Dakota audit 246

TaxConnex

FEBRUARY 8, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax revenues and their local portions are reported up from Auburn, N.Y., Many other states are finding more late-2021 sales tax revenue to funnel toward local governments. of overall retail sales, up from 20.6%

Sales 174

Sales Tennessee Tax Massachusetts 174

TaxConnex

APRIL 8, 2021

Of the 50 states, 45 (plus DC) charge a state-wide sales tax. Two of those states that have a state-wide sales tax, Missouri and Florida, have yet to adopt economic nexus standards set by the 2018 South Dakota v. 15 , which is reportedly projected to bring in about $1 billion a year in sales taxes and.

South Dakota 131

South Dakota Sales Missouri Tax 131

TaxConnex

FEBRUARY 16, 2023

Think you’re the only one worried about sales tax compliance? According to our third annual Sales Tax Market Survey you’re not. We have] difficulty with our tax team having extremely limited knowledge of the products and the product teams not caring enough to take the time to properly classify.”

Sales 130

Sales Tax Alaska Missouri 130

TaxConnex

AUGUST 26, 2021

Cross-border e-commerce sales worldwide grew more than 20% in 2020. According to the National Retail Federation, non-store and online sales are expected to grow 18% to 23% this year over 2020. Online stores with a social media presence have an average of 32% more sales than those that don’t. trillion in 2020.

E-commerce 222

E-commerce Sales Tax Missouri 222

TaxConnex

OCTOBER 27, 2022

States are like that, too: sometimes candy is considered food (groceries) for sales tax purposes, sometimes it’s not and sometimes it’s somewhere in between. In many states, for instance, liquor-filled candy – which admittedly few are going to give to kids on Halloween – can be taxed differently than regular candy.

Sales 130

Sales West Virginia South Dakota Tax 130

TaxConnex

JANUARY 11, 2022

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. Many states say that when the contents of a shipment are taxable, so is the shipping cost; similarly, when items in a shipment are exempt from sales tax, so is the cost of shipping.

Sales 181

Sales Rhode Island South Dakota Tax 181

TaxConnex

JULY 8, 2021

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 197

Sales South Carolina Tax E-commerce 197

TaxConnex

FEBRUARY 9, 2021

If you sell into the handful of states that don’t have nexus or don’t have a general sales tax, you might think you’re home free when it comes to obligations to remit sales tax. Forty-five states and the District of Columbia have a statewide sales tax. No sales tax but…. Maybe, and maybe not.

Sales 142

Sales Delaware Alaska Montana 142

TaxConnex

JANUARY 26, 2023

There’s always something changing in the world of tax, especially sales tax. Gary Bingel, partner-in-charge for state and local taxes in accounting firm EisnerAmper’s State and Local Tax National Tax Group, made several predictions for 2023 in sales and other taxes. Crystal ball time.

Sales 130

Sales Tax Arkansas Missouri 130

Anders CPA

FEBRUARY 5, 2024

At the first year anniversary of recreational cannabis in Missouri, the state industry is healthy. Here are ways Missouri cannabis businesses can make their second year as, or more, profitable than their first. Watch the Hemp Industry Missouri has taken a strong stance against the hemp-derived market.

Missouri 52

Missouri Education Sales Retail 52

TaxConnex

MAY 30, 2023

You know all about reaching sales tax nexus: selling enough or having a physical presence in a tax jurisdiction sufficient to create a connection with that jurisdiction and create an obligation for you to collect and remit sales tax. But business and sales patterns change over time. Nexus shall exist.’

Sales 130

Sales Michigan Tax Wisconsin 130

TaxConnex

MARCH 10, 2022

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. that had a state-wide sales tax had enacted economic nexus. The back story.

South Dakota 188

South Dakota Sales Tax Maryland 188

TaxConnex

AUGUST 19, 2021

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. Online’s share of total retail sales?blew

Sales 232

Sales E-commerce Tax Missouri 232

TaxConnex

JULY 13, 2023

As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. Missouri , Aug. Online sale of the item must take place during the holiday, even if delivery is later. 13-19: Qualifying clothing and footwear priced $100 or less will be exempt from sales tax. Iowa , Aug. Texas, Aug.

Sales 130

Sales West Virginia South Carolina Tax 130

TaxConnex

AUGUST 25, 2022

In a field that changes as fast as sales tax, it’s a necessity. You generally have three options to address your sales tax compliance obligation: try to manage everything in-house; outsource to an experienced provider; or do nothing and roll the dice. regarding sales tax and business growth. Consistent (i.e.,

Sales 165

Sales Tax audit Alaska 165

TaxConnex

JUNE 8, 2021

There’s always something changing in the world of tax, especially sales tax. Biggest news: Missouri will likely soon join fellow holdout Florida in establishing economic nexus requirements. They were the last two states with a sales tax to set up such requirements.). The Missouri Legislature has passed?

Sales 143

Sales Tax Arkansas South Carolina 143

TaxConnex

OCTOBER 25, 2022

There’s always something changing in the world of tax, especially sales tax. The Urban Institute told news outlets that 25 states recently reported year-over-year declines in sales tax receipts, a jump of more than a third in just a month. Nationwide, sales tax receipts were up 1.5% Inflation bites.

South Dakota 130

South Dakota Sales Tax South Carolina 130

TaxConnex

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Due to all of the above, it’s hard to fill any position at this point, but a job with specific skills, especially with experience managing sales and use tax, can be downright impossible. Long term, U.S.

Sales 163

Sales E-commerce Tax Florida 163

Anders CPA

MAY 24, 2022

A Missouri bill, HB 2400, could affect businesses across the state with several provisions impacting the R&D tax credit, Missouri Works program, the State and Local Tax Parity Act and more. New Missouri R&D Tax Credit. Changes to the Missouri Works Program. State and Local Tax Opportunities.

Missouri 98

Missouri Tax income tax Gambling 98

TaxConnex

MARCH 18, 2021

Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. Could Wayfair have also impacted the way you manage your state income tax obligations? Sales Tax Perspective. Sales tax nexus can be physical or economic – or both. Wayfair, Inc.

income tax 148

income tax South Dakota Sales Tax 148

TaxConnex

MAY 27, 2021

Taking advantage of sales and use tax exemptions can save your business money and headaches. In general, exemptions are statutory exceptions eliminating the need for the retailer or business to collect sales tax on a particular transaction or on all transactions with a customer.

Sales 165

Sales Tax Connecticut Idaho 165

TaxConnex

JULY 25, 2023

In addition to state and local taxes, your business may also be subject to various federal and state regulatory obligations. Most taxes are administered by the state Departments of Revenue (DOR) and local jurisdictions. The remainder of this blog will discuss the various tax requirements for a telecom company. to 7 percent.

Tax 179

Tax Florida Missouri Maryland 179

TaxConnex

APRIL 27, 2021

Sales tax obligations are getting more complicated for businesses of all industries. In this blog, we’ll talk to some of the common missteps businesses make when trying to manage sales tax on their own. Figuring out where you have nexus is key to determining your sales tax liability.

Sales 130

Sales Tax Wisconsin Missouri 130

CPA Practice

OCTOBER 18, 2023

With sales tax compliance, it’s the latter. The fact is, not all states are equal when it comes to sales tax filing and remittance. For a variety of reasons, sales tax compliance in certain states takes more time and causes more headaches than sales tax compliance in others.

Sales 59

Sales South Dakota Tax Missouri 59

TaxConnex

JANUARY 18, 2024

What’s the latest brewing today in sales tax? Physical nexus standards – such as having offices, staff or inventory in a state – had long mandated that retailers had to collect and remit a state’s sales tax. In both states, the only threshold for economic nexus is now $100,000 in sales in the previous year.

South Dakota 203

South Dakota Louisiana Colorado Alaska 203

Withum

JULY 18, 2022

Wayfair eliminating the physical presence requirement for a state to impose a sales tax on sales of goods or services in that state. Out-state sellers, also called remote sellers, must collect and remit sales tax on goods and services sold in all states, even if they do not have a physical presence. Contact Us.

South Dakota 118

South Dakota Sales Tax Missouri 118

CPA Practice

AUGUST 3, 2023

This list includes every back-to-school sales tax holiday this summer, from July 27, 2023, through the end of August. Rules for tax-free shopping can vary from state to state. So, just because something is tax-exempt in one state doesn’t mean it will be in another. Does Summer Camp Qualify for a Childcare Tax Credit?

Sales 96

Sales South Carolina West Virginia Tax 96

TaxConnex

DECEMBER 22, 2020

The year’s ongoing pandemic affected almost every aspect of life – including, and in no small way, sales tax, which was already an area that has seen unprecedented change since the Supreme Court’s Wayfair decision in 2018. Even so, sales tax moved forward. Here’s a look back at some of the year’s developments.

Sales 130

Sales Tax North Carolina Michigan 130