Expert insights. Personalized for you.
Lost sales, expenses for cleaning, more time and money for employee protection and training are just some of the reasons for businesses to claim they now have to charge extra to pay for responding to the pandemic (aka, “COVID surcharges”). sales tax compliance sales tax MORE
When we talk with businesses about sales tax compliance, we eventually get to a discussion about preparing and filing returns. The file that this designates is anyone’s guess – until you add just four additional letters: “SALES_MAINE”. sales tax compliance sales tax MORE
Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. And is it different from sales tax? sales tax), for instance, is a business privilege tax on the gross receipts of virtually any economic activity carried on in the state. MORE
There’s always something changing in the world of tax, especially sales tax. Colorado lawmakers have adopted SB21-282 , which extends the exception to destination sourcing requirements; the exception applies only to businesses with less than $100,000 in retail sales. MORE
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. MORE
For most businesses, sales tax is not a top priority. Understanding the various aspects of your sales tax process is critical to minimize your risk and to keep your business on solid ground as it relates to sales tax. sales tax compliance sales tax calculation MORE
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. Texas state sales tax revenue totaled $2.57 MORE
Collecting and remitting sales tax can be onerous – and expensive – for any business. That’s one reason some states give a collection discount to help with the costs of managing sales tax. Conditions can change frequently – as often happens in the world of sales tax. MORE
There’s always something changing in the world of tax, especially sales tax. Currently, Kansas is unusual in that all sellers regardless of number or value of sales must register for a sales tax permit. TaxConnex provides services to become your outsourced sales tax department. MORE
There’s no way to sugarcoat it: Sales tax obligations are already difficult at the state level, but when you bring it down to local jurisdictions, or home rule jurisdictions, you get the next level of complexity. Setting sales taxes laws often fall under that umbrella. MORE
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. MORE
Managing a sales and use tax audit can be challenging. Sales tax obligations are something to be taken seriously. By relying on a sales tax expert, you gain years of expertise and experience in managing sales tax and are far less likely to make a costly mistake. MORE
Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. Don’t let sales tax compliance overwhelm you. MORE
Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? How are you calculating sales tax? MORE
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. to collect sales tax because?they’ve?reached MORE
In order to address their expanding sales tax obligation, many businesses decided to outsource the sales tax process and chose an “automated” solution. If you are one of these businesses, you may now realize that much of the sales tax process falls on your shoulders. MORE
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. You may or may not have to participate in a sales tax holiday in some states. your sales tax obligations?and MORE
And it might land right on your company’s bottom line after sales and use tax obligations. If your business sells popular Valentine’s Day items online, you should know a few rules related to sales tax and taxability. for all your sales tax compliance needs. MORE
Sales tax is full of complexities, but there are certain topics that seem to cause more of a headache than others. Who is ultimately responsible for the sales tax in this three-party transaction? If the retailer has nexus in Illinois, they are required to collect the Illinois sales tax. MORE
You may think your business is in full compliance with your sales tax obligations nationwide – and you may well be – but America’s 10,000-plus sales tax jurisdictions love to send notices. Notices are a standard part of managing sales tax. sales tax compliance sales tax MORE
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. As your customers in new states grow, so does your potential sales tax obligation. MORE
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 MORE
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. MORE
The majority of businesses still manage their sales tax obligations with internal staff, but do they have what it takes to manage sales tax effectively? Most businesses, especially smaller ones, don’t have or can’t afford a full sales tax department in these days of tight resources. MORE
If your business has an obligation to collect and remit sales tax, then you know how complex the process can be. Automating part or all of the sales tax process is sometimes necessary to maintain compliance. Let’s first look at the overall sales tax process. MORE
Sales tax obligations regarding software and other technology-related solutions can often come down to location and definition. The taxpayer argued that they deserved a refund on a portion of the Indiana sales tax on the software purchase because not all of the users were in the state. MORE
There’s always something changing in the world of tax, especially sales tax. Dire forecasts of states’ plunging sales tax revenue in the age of COVID continue to be proven wrong. billion for next year – with online sales taxes making up a substantial portion of the take. MORE
In the world of sales tax, they’re major marketplace facilitators. A marketplace facilitator is a platform where third-party sellers of any size and geographic area can facilitate retail sales, including the collection/processing of payments, in exchange for compensation. MORE
Sales tax is complex for any business selling into multiple states. To further complicate this, Chicago does not apply sales tax to SaaS rather they apply a personal property lease transaction tax which is currently 9%. sales tax compliance sales tax filing MORE
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. MORE
There’s always something changing or new going on in the world of tax, especially sales tax. Nationwide , the Streamlined Sales Tax Governing Board has made amendments to the Streamlined Sales and Use Tax (SST) Agreement to revise its amnesty-related provisions. MORE
Niche products lead the industry, a fifth of total sales. With booming sales across the country, businesses need to focus on if and how these subscription boxes are taxed. How is sales tax managed for this growing industry? How will you charge sales tax? MORE
There’s always something changing in the world of tax, especially sales tax. There are currently five states with no state-level sales tax. Alaska has long heard rumblings of a statewide sales tax. The gross sales tax take finished 15.9% MORE
If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. Generally, a business that considers themselves in the construction industry is performing a service and most services are excluded from sales and use tax. So you might think you have nothing to worry about from a sales and use tax perspective. sales tax nexus sales tax taxability MORE
Technology companies, and specifically software companies, have always had challenges related to managing sales tax. But with the proliferation of Software-as-a-Service (SaaS) as a delivery mechanism and Wayfair, the sales tax landscape has become exponentially more complex. sales tax?off MORE
There’s always something changing in the world of tax, especially sales tax. Online sales dipped in May, yet sales tax revenues seem to remain robust thanks in part to online sales. 1 and will source online sales to their destination. MORE
Sales tax is complicated no matter the industry you are in. Some sales tax concepts for the leasing industry are quite simple while others are more complicated. This property that is owned by the lessor creates sales tax nexus wherever the equipment resides. sales tax?off MORE
As sales tax is charged at the point of final sale, goods and services bought for resale are often exempt to avoid double taxation. Some entities that are not resellers of goods may also be exempt from sales tax. sales tax compliance sales tax MORE
Under the SSUT formula, 50 percent of all revenues from online sales from companies participating in the program go to the state. city council was also recently set to vote on giving a quarter of online sales tax revenue to the city’s schools in 2021. (A Sales taxes were up 8.2 MORE
NOMAD and sales tax – I’m sure you’ve heard it before. When it relates to sales tax, the NOMAD states refer to the five American states without a statewide sales tax: New Hampshire, Oregon, Montana, Alaska, and Delaware. Mike Dunleavy has said he’d support a statewide sales tax. MORE
Why are you paying more penalties for missed notices and late payments than you were before you started working with your sales tax vendor? The good news is there are other providers that put the client first and ensure sales tax is managed correctly. They said it would be simple. MORE
Sales and use tax generally applies to the sale or use of tangible personal property and certain services. In fact, many states impose sales and use tax on services provided by the technology industry. How are you calculating sales tax? sales tax compliance taxability MORE
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. sales tax sales tax news MORE
Sales Related Topics TaxConnex
OCTOBER 19, 2021
You may think your business is in full compliance with your sales tax obligations nationwide – and you may well be – but America’s 10,000-plus sales tax jurisdictions love to send notices. Notices are a standard part of managing sales tax. sales tax compliance sales tax
TaxConnex
JULY 29, 2021
Sales tax is complex for any business selling into multiple states. To further complicate this, Chicago does not apply sales tax to SaaS rather they apply a personal property lease transaction tax which is currently 9%. sales tax compliance sales tax filing
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TaxConnex
OCTOBER 26, 2021
When we talk with businesses about sales tax compliance, we eventually get to a discussion about preparing and filing returns. The file that this designates is anyone’s guess – until you add just four additional letters: “SALES_MAINE”. sales tax compliance sales tax
TaxConnex
OCTOBER 5, 2021
Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. And is it different from sales tax? sales tax), for instance, is a business privilege tax on the gross receipts of virtually any economic activity carried on in the state.
Speaker: Tom Bowman, CPA of Bowman & Company
It is possible to run an Accounting Firm and never do tax returns or financial statements! Tom Bowman, Owner of Bowman & Company, CPA, PC shares his journey and 10 step process for going from Technician to Business Owner.
TaxConnex
OCTOBER 14, 2021
The majority of businesses still manage their sales tax obligations with internal staff, but do they have what it takes to manage sales tax effectively? Most businesses, especially smaller ones, don’t have or can’t afford a full sales tax department in these days of tight resources.
TaxConnex
SEPTEMBER 23, 2021
Niche products lead the industry, a fifth of total sales. With booming sales across the country, businesses need to focus on if and how these subscription boxes are taxed. How is sales tax managed for this growing industry? How will you charge sales tax?
TaxConnex
OCTOBER 12, 2021
NOMAD and sales tax – I’m sure you’ve heard it before. When it relates to sales tax, the NOMAD states refer to the five American states without a statewide sales tax: New Hampshire, Oregon, Montana, Alaska, and Delaware. Mike Dunleavy has said he’d support a statewide sales tax.
TaxConnex
OCTOBER 7, 2021
There’s always something changing in the world of tax, especially sales tax. There are currently five states with no state-level sales tax. Alaska has long heard rumblings of a statewide sales tax. The gross sales tax take finished 15.9%
TaxConnex
NOVEMBER 5, 2020
If your business has an obligation to collect and remit sales tax, then you know how complex the process can be. Automating part or all of the sales tax process is sometimes necessary to maintain compliance. Let’s first look at the overall sales tax process.
TaxConnex
AUGUST 3, 2021
There’s always something changing in the world of tax, especially sales tax. Online sales dipped in May, yet sales tax revenues seem to remain robust thanks in part to online sales. 1 and will source online sales to their destination.
TaxConnex
OCTOBER 21, 2021
Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? How are you calculating sales tax?
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. You may or may not have to participate in a sales tax holiday in some states. your sales tax obligations?and
|
TaxConnex
FEBRUARY 11, 2021
And it might land right on your company’s bottom line after sales and use tax obligations. If your business sells popular Valentine’s Day items online, you should know a few rules related to sales tax and taxability. for all your sales tax compliance needs.
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. to collect sales tax because?they’ve?reached
TaxConnex
AUGUST 24, 2021
In the world of sales tax, they’re major marketplace facilitators. A marketplace facilitator is a platform where third-party sellers of any size and geographic area can facilitate retail sales, including the collection/processing of payments, in exchange for compensation.
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. As your customers in new states grow, so does your potential sales tax obligation.
TaxConnex
SEPTEMBER 10, 2020
Lost sales, expenses for cleaning, more time and money for employee protection and training are just some of the reasons for businesses to claim they now have to charge extra to pay for responding to the pandemic (aka, “COVID surcharges”). sales tax compliance sales tax
TaxConnex
NOVEMBER 10, 2020
Sales tax is complicated no matter the industry you are in. Some sales tax concepts for the leasing industry are quite simple while others are more complicated. This property that is owned by the lessor creates sales tax nexus wherever the equipment resides. sales tax?off
TaxConnex
APRIL 1, 2021
As sales tax is charged at the point of final sale, goods and services bought for resale are often exempt to avoid double taxation. Some entities that are not resellers of goods may also be exempt from sales tax. sales tax compliance sales tax
TaxConnex
MARCH 2, 2021
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
TaxConnex
MARCH 11, 2021
Sales tax obligations regarding software and other technology-related solutions can often come down to location and definition. The taxpayer argued that they deserved a refund on a portion of the Indiana sales tax on the software purchase because not all of the users were in the state.
TaxConnex
AUGUST 17, 2021
Sales tax is full of complexities, but there are certain topics that seem to cause more of a headache than others. Who is ultimately responsible for the sales tax in this three-party transaction? If the retailer has nexus in Illinois, they are required to collect the Illinois sales tax.
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.
TaxConnex
SEPTEMBER 14, 2021
There’s always something changing in the world of tax, especially sales tax. Dire forecasts of states’ plunging sales tax revenue in the age of COVID continue to be proven wrong. billion for next year – with online sales taxes making up a substantial portion of the take.
TaxConnex
SEPTEMBER 2, 2021
Managing a sales and use tax audit can be challenging. Sales tax obligations are something to be taken seriously. By relying on a sales tax expert, you gain years of expertise and experience in managing sales tax and are far less likely to make a costly mistake.
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. Texas state sales tax revenue totaled $2.57
TaxConnex
JULY 15, 2021
There’s always something changing in the world of tax, especially sales tax. Colorado lawmakers have adopted SB21-282 , which extends the exception to destination sourcing requirements; the exception applies only to businesses with less than $100,000 in retail sales.
TaxConnex
JULY 20, 2021
There’s no way to sugarcoat it: Sales tax obligations are already difficult at the state level, but when you bring it down to local jurisdictions, or home rule jurisdictions, you get the next level of complexity. Setting sales taxes laws often fall under that umbrella.
TaxConnex
APRIL 13, 2021
Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. Don’t let sales tax compliance overwhelm you.
TaxConnex
MAY 6, 2021
There’s always something changing in the world of tax, especially sales tax. Currently, Kansas is unusual in that all sellers regardless of number or value of sales must register for a sales tax permit. TaxConnex provides services to become your outsourced sales tax department.
TaxConnex
JULY 22, 2021
For most businesses, sales tax is not a top priority. Understanding the various aspects of your sales tax process is critical to minimize your risk and to keep your business on solid ground as it relates to sales tax. sales tax compliance sales tax calculation
TaxConnex
OCTOBER 29, 2020
If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. Generally, a business that considers themselves in the construction industry is performing a service and most services are excluded from sales and use tax. So you might think you have nothing to worry about from a sales and use tax perspective. sales tax nexus sales tax taxability
TaxConnex
JANUARY 28, 2021
There’s always something changing or new going on in the world of tax, especially sales tax. Nationwide , the Streamlined Sales Tax Governing Board has made amendments to the Streamlined Sales and Use Tax (SST) Agreement to revise its amnesty-related provisions.
TaxConnex
SEPTEMBER 29, 2020
Under the SSUT formula, 50 percent of all revenues from online sales from companies participating in the program go to the state. city council was also recently set to vote on giving a quarter of online sales tax revenue to the city’s schools in 2021. (A Sales taxes were up 8.2
TaxConnex
JUNE 15, 2021
Why are you paying more penalties for missed notices and late payments than you were before you started working with your sales tax vendor? The good news is there are other providers that put the client first and ensure sales tax is managed correctly. They said it would be simple.
TaxConnex
NOVEMBER 12, 2020
Technology companies, and specifically software companies, have always had challenges related to managing sales tax. But with the proliferation of Software-as-a-Service (SaaS) as a delivery mechanism and Wayfair, the sales tax landscape has become exponentially more complex. sales tax?off
TaxConnex
SEPTEMBER 30, 2021
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.
TaxConnex
SEPTEMBER 28, 2021
Sales and use tax generally applies to the sale or use of tangible personal property and certain services. In fact, many states impose sales and use tax on services provided by the technology industry. How are you calculating sales tax? sales tax compliance taxability
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.
TaxConnex
APRIL 6, 2021
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.
TaxConnex
MAY 20, 2021
In order to address their expanding sales tax obligation, many businesses decided to outsource the sales tax process and chose an “automated” solution. If you are one of these businesses, you may now realize that much of the sales tax process falls on your shoulders.
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. sales tax sales tax news
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