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Multi-channel selling sales tax: Direct/retail sales

TaxConnex

Taxable sales of products direct to end users has been a staple of business for ages. One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. Assessing your footprint.

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Sales Tax Issues for Online Retailers

Withum

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g.,

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When do I have to start collecting out of state sales tax? Part 1

TaxConnex

Online retailers face a lot of challenges today. Sales tax obligations are among them. Only now are federal lawmakers beginning to wonder if the current sales tax landscape overburdens online businesses. that an out-of-state seller could establish “nexus” through economic activity in tax jurisdictions.

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When do I have to start collecting out of state sales tax? Part 2

TaxConnex

Understanding economic and physical nexus and the taxability of your products and services goes a long way to ensuring your sales tax compliance. But nothing’s that simple with sales tax. nexus requires remote sellers to collect sales tax because they hit certain thresholds of revenue or sales in states.

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5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

TaxConnex

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.

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Common Challenges: Brewery Research and Development Tax Credit

Withum

However, breweries need to be aware of the potential use tax liabilities associated with these items. The use tax is typically imposed on the use, consumption, or storage of tangible personal property where sales tax was not charged at the time of purchase.

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Professionals on the Move – Nov. 2023

CPA Practice

Bookkeep Names Accounting Veteran Alison Ball as Vice President of Marketing and Communications Bookkeep, the leading accounting automation platform for ecommerce and retail, today announced the hiring of Alison Ball as Vice President of Marketing and Communications. Central Real Estate Tax Market Segment Leader at EY.