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Sales Tax Updates: What’s new in sales tax for April?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. A bill that would raise the online sales tax in Alabama is progressing with state lawmakers. The current Alabama sales tax is 8% for online purchases, the same as for purchases at the state’s brick-and-mortar stores. Leveling the field.

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Vitamins, supplements and sales tax – the latest

TaxConnex

For purposes of incurring sales tax in any state, that essentially translates into “sometimes.” How do you handle sales tax liability if you sell vitamins, dietary supplements or other items in this nebulous category? Selling vitamins and supplements – especially in more than one state – is one of the most complex areas of sales tax.

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Sales tax isn't simple: Is outsourcing the answer?

TaxConnex

There’s nothing like just walking down the hall of your office or clicking into a virtual team meeting to get an answer on something as complex and important as your company’s sales tax obligations. Almost as many (43%) relied on internal resources for the all-important task of calculating the correct sales tax.

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Sales tax and Marketplaces: Who owns the responsibility?

TaxConnex

Once upon a time, selling online meant little more than setting up a website and sending both marketing efforts and sales direct to your customers from you. jurisdictions also involves dealing with sales tax. On a marketplace platform, who has responsibility for the sales tax? But selling in U.S.

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Path to Becoming a CFO: David Goulden, CFO at Booking Holdings

Speaker: David Goulden, CFO at Booking Holdings, and Jeff Epstein, Veteran Tech CFO

Having acted as CEO at EMC Information Infrastructure after working in sales, engineering, and product development within the EMC Corporation, as well as COO for the Americas and Asia Pacific at Getronics N.V. His path to CFO is not the typical story of CPA/accountant or investment banker that we normally see.

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Hot Topics: Sales Tax Rates | TaxConnex

TaxConnex

Sales tax compliance depends on many factors. These rates change all the time – if not the actual percentage, then the exemptions and other special rules that can seem nothing short of picayune for a business just trying to stay on the right side of sales tax laws. Every year sees dozens if not hundreds of sales tax changes nationwide.

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TikTok Shop and sales tax | TaxConnex

TaxConnex

And how do you manage sales tax when selling on it? Shopify , another cutting-edge eCommerce outlet, is not required to collect and remit sales tax for its sellers as it is not a marketplace facilitator like Amazon, eBay, or Etsy.) TikTok Shop collects and remits sales tax on behalf of its sellers.

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How to Set and Land High Prices: A Complete Workbook

Throughout this proven workbook, you will learn that high-pricing is an essential function of your sales process! *By Does pricing your services stump you? By downloading, you consent to receive marketing communications from Ignition and Future Firm.

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Global Accounting Principles and Commission Capitalization

Speaker: Ryan Dillard, Chief of Staff Director at CBIZ ARC Consulting LLC; Kelly Hicks, Global Controller at Airbase

ASC 606 is the revenue recognition standard that sets global accounting principles for all private or public companies that enter sales agreements or contracts with customers. Along with ASC 606, ASC 340-40 was added to address accounting costs to obtain a contact and costs to fulfill a contract.

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Be an Odd Duck: Work on, Not in Your Public Accounting Practice

Speaker: Tom Bowman, CPA of Bowman & Company

A 4-part Sales Presentation and Client Servicing model. Tom Bowman, Owner of Bowman & Company, CPA, PC shares his journey and 10 step process for going from Technician to Business Owner. In this webinar you will learn: To be that Odd Duck and rehab your practice so that it runs largely without you. An alternative to Billable Hours.