TaxConnex

JULY 13, 2023

As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. New Mexico , Aug. Retailers are not required to participate. All retailers are required to participate. Online sale of the item must take place during the holiday, even if delivery is later. New Jersey , Aug.

Sales 130

Sales West Virginia South Carolina Tax 130

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. Flour in candy can also result in a different sales tax treatment depending on the state. Flour in candy can also result in a different sales tax treatment depending on the state.

Sales 130

Sales West Virginia South Dakota Tax 130

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. The holidays may only cover state sales tax but not local sales taxes, as in South Carolina (which, like other states, has no price cap on eligible items).

Sales 196

Sales South Carolina Tax E-commerce 196

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 180

Sales Rhode Island South Dakota Tax 180

TaxConnex

JANUARY 17, 2023

Online sales could not exist without shipping, and the charges associated with shipping are subject to sales tax in many states. Question is, who has to pay that sales tax these days, and where? Here’s an overview and some of the latest news. Taxable, exempt or both?

Rhode Island 130

Rhode Island West Virginia Alaska North Dakota 130

TaxConnex

MAY 5, 2022

You’re trying to run a business and sales tax is not at the forefront of your plans. Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. SaaS), you deal with one of the most complex sales tax situations today.

Sales 168

Sales South Dakota Tax Hawaii 168

TaxConnex

MAY 17, 2022

“Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the location where a sale is taxed. Most states follow destination-based sourcing rules, where remote sellers must apply the sales tax rules and rates based on the destination of where they are shipping product.

New Mexico 176

New Mexico Illinois Texas Colorado 176

CPA Practice

MARCH 7, 2023

How do you know if your business is required to register for sales tax in another state? Learn more about state efforts to simplify sales tax. Here are our top 10 tricky states when it comes to sales tax filing and remittance. Our favorite sales tax update has hit the Tax Desk. Untangling online sales tax.

Sales 52

Sales Tax South Dakota Alaska 52

PYMNTS

APRIL 25, 2019

Might Macy’s be a better landlord than retailer? That thought seems to be floating around in recent days, as investors took kindly to the chain’s apparent plan to build what CNBC called “an office tower on top its flagship New York store.”. million square feet of retail space. Department stores across the U.S. Macy’s Woes.

Real Estate 49

Real Estate Retail New Mexico New York 49

CPA Practice

MAY 3, 2024

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? What states have a sales tax holiday in 2024?

Sales 119

Sales Tax Nevada West Virginia 119

TaxConnex

OCTOBER 3, 2023

There’s always something changing in the world of tax, especially sales tax. billion in tax revenue on sales tax holidays that offer breaks on such goods as back-to-school or disaster-preparedness items. The other prevalent argument is that sales tax holidays are a way of giving tax relief. Sales taxes were $25.4

Sales 147

Sales Louisiana Tax Tennessee 147

ThomsonReuters

JANUARY 30, 2023

The bill would also increase the average annual gross volume of sales of retail stores, service industries, hotels, motels, and 16 restaurant operations from $95,000 to $500,000 to qualify for an exception. New Hampshire. New Mexico. New Hampshire. New Mexico.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

CPA Practice

JULY 18, 2023

Worldwide retail ecommerce sales could reach $6.169 trillion in 2023 and comprise 22.3% of total retail sales. The following guide provides more detailed information for each state and answers frequently asked questions like, “Do you charge sales tax on items shipped out of state?” or “Is there sales tax on U.S.

Sales 98

Sales Retail Tax West Virginia 98

PYMNTS

JANUARY 29, 2018

JCP recently asked the Iowa-based convenience store operator to explore strategic alternatives such as a potential sale. In October, Kroger said it was looking into strategic alternatives for its nearly 800 convenience stores and was working with Goldman Sachs on a potential sale. Final offers are due in early February. and Canada.

Iowa 46

Iowa Oklahoma Louisiana New Mexico 46

CPA Practice

JANUARY 3, 2024

Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024. If you’re in retail, hang on to your hats and read our sales tax holiday FAQ to learn: What is a sales tax holiday? What states have a sales tax holiday in 2024?

Sales 78

Sales Nevada Tax West Virginia 78

TaxConnex

AUGUST 2, 2022

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. What’s on sale? 21-27); and New Jersey (Aug. Holiday time already?

Sales 130

Sales West Virginia Tax South Carolina 130

PYMNTS

MAY 30, 2018

Organic turkeys were on sale for Thanksgiving, and grocery deals and discounts have been running rampant in Whole Foods’ once very pricey aisles, as Amazon works overtime to live up to its promise of making organic groceries more accessible. Shoppers in Prime-ready stores today, for example, can pick up a $6 rotisserie chicken or a 6 oz.

Kansas 51

Kansas Idaho Oklahoma Arkansas 51

PYMNTS

AUGUST 5, 2019

He also partly grew up on a cattle ranch in New Mexico.) After working in research, Mendoza left his job and career to move back to New Mexico. OneForNeptune Founder and CEO Nick Mendoza was a marine scientist before starting his fish jerky business scaled from small-scale fisheries. (He

New Mexico 46

New Mexico Alaska Oregon Washington 46

CPA Practice

MAY 23, 2023

The heyday of marijuana sales in Colorado — back in 2020 when recreational and medical sales topped out at a combined $226 million — is a distant memory, as the state’s dispensaries struggle through an economic downturn, with sales plummeting and small businesses foundering. The market’s just bad. Colorado ranked as the No.

Colorado 23

Colorado Legal Montana Oregon 23

PYMNTS

JUNE 15, 2018

At the end of May it took a further step toward that end by expanding the number of states where Amazon Prime for Whole Foods is offered — it is now available in Arkansas, Colorado, Florida, Idaho, Kansas, Kansas City, Missouri, Louisiana, New Mexico, northern Nevada, northern California, Oklahoma, Texas and Utah.

Kansas 40

Kansas Idaho Oklahoma Arkansas 40

ThomsonReuters

JUNE 15, 2022

These legislative highlights have been grouped into two categories: new opportunities for tax relief and new tax obligations. Tax Relief Enacted in Delaware, Florida, Georgia, and New Mexico. Florida Sales Tax Holiday. Keep up with sales tax holidays using customizable State Charts from Checkpoint Edge! . §

Rhode Island 105

Rhode Island Delaware Oklahoma Tax 105

PYMNTS

APRIL 11, 2017

This past week, the big box retailer’s shares got a boost upon the bell on Thursday morning, with prices up early—3 percent in the first hour of trading—to $171.45. International food retail group Ahold Delhaize (AD), meanwhile, continues its downward trajectory first seen at the end of February. percent to $29.73. units saw 3.2

Texas 40

Texas Oklahoma Louisiana Nevada 40

TaxConnex

APRIL 18, 2023

There’s always something changing in the world of tax, especially sales tax. New sales taxes are progressing in some states but not all. Alaska, one of the few states still without a statewide sale tax, is considering one as it tries to close a projected revenue shortfall of $450 million heading into the next fiscal year.

Sales 130

Sales Tax North Carolina Alaska 130

PYMNTS

MARCH 7, 2019

But with its roughly 50 percent share of all online retail, its $13 billion acquisition of Whole Foods and the expansion of its cashless convenience stores, Amazon is a serious retail challenger. percent of the consumer’s total retail spend as of February 2019, compared to Amazon’s 6.4 By the numbers, Walmart commands 9.1

Indiana 40

Indiana Retail Non-Profits Washington 40