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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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Sales tax and NFTs: Latest developments

TaxConnex

Some NFTs alone on OpenSea have sold for millions and in recent years the average sales price of an NFT (an admittedly volatile commodity) jumped from about $150 to $4,000. Nevertheless, how long before states start trying to tap this market to collect sales tax? Sales of digital products are generally subject to retail sales tax.

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In ongoing accounting crunch, where to go for sales tax help?

TaxConnex

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant.

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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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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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The Current State of Managing Sales Tax Obligations

TaxConnex

To help financial leaders better understand what their peers are doing when it comes to sales and use tax in 2024, TaxConnex® conducted its fourth annual sales tax survey in November of 2023. If you’re struggling with how to manage sales tax in 2024, consider outsourcing. Their responses are included in the following blog.

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2024: What’s coming up in sales tax

TaxConnex

The new year will no doubt be another active one in sales tax. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. But state sales tax revenues are projected to increase 1.7%

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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.