TaxConnex

MAY 23, 2023

Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in New York. If only that was the only complex category concerning sales tax. California, Idaho, South Carolina, Tennessee and Virginia exempt clothing sales for some nonprofits. Take diapers. In the clear?

South Carolina 130

South Carolina South Dakota Sales Montana 130

TaxConnex

OCTOBER 13, 2022

We’re fond of saying that nothing’s ever easy in sales tax. And here we’ll kick off our run toward Halloween with a look at one of the newest and trickiest areas of sales tax: electric vehicle chargers and charging. This new line of business raises a few sales tax questions, chiefly regarding the electricity flowing into the vehicles.

South Carolina 130

South Carolina Sales Tax Colorado 130

TaxConnex

JUNE 1, 2021

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. Generally, the breaks are small percentages of the sales tax that you collected and remitted to the state, perhaps 1% (or even less).

Sales 231

Sales Tax South Carolina Utah 231

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

MAY 26, 2022

Sales of tangible personal property (TPP) are presumed to be taxable unless specifically identified as not taxable. However, certain exemptions could apply making the sale of TPP exempt from sales tax in some situations. Sales tax obligations start with nexus. Then came 2018’s South Dakota vs. Wayfair , in which the U.S.

South Dakota 166

South Dakota South Carolina Sales Illinois 166

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

FEBRUARY 23, 2023

All hail sales tax! Imperial Rome’s Julius Caesar is considered to have implemented a proper sales tax, a 1% flat rate across his entire Empire. Medieval Spain collected a general sales tax from the mid-14th through the 18th centuries reaching as much as 15%. Taxing certain goods dates back as far as 4,000 years.

West Virginia 130

West Virginia Sales Rhode Island Tax 130

Cherry Bekaert

APRIL 22, 2024

However, all job creation incentives typically require: 1) A minimum net job increase 2) Maintained jobs 3) Operations in certain industries or activities Jobs Tax Credits may be claimed on a retroactive basis in Georgia, South Carolina, Mississippi, Tennessee and Virginia in any open tax years.

South Carolina 105

South Carolina North Carolina Mississippi Tennessee 105

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? As with most details of sales tax, much depends on the situation, jurisdiction and new laws. Taxable, exempt or both?

Rhode Island 130

Rhode Island West Virginia Alaska North Dakota 130

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. Amazon, eBay and Etsy are more than household names.

Sales 212

Sales South Dakota Tax South Carolina 212

TaxConnex

NOVEMBER 1, 2022

Businesses have new ways to sell today, as marketplaces such as Amazon and the business’s own website have joined established channels like direct retail sales and wholesale sales. Each brings different sales tax implications – and retail and ecommerce businesses aren’t always aware of their obligations.

Sales 130

Sales South Dakota South Carolina Illinois 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

OCTOBER 18, 2022

Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Some states (of course) have special sales tax rules for clothing. California, Idaho and Tennessee exempt only clothing sales for some nonprofits, for example. Furthermore, what is “software” these days?

Rhode Island 130

Rhode Island Sales Tax South Carolina 130

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 Tax South Dakota 180

TaxConnex

MARCH 22, 2022

Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. collection discount to help with the costs of managing sales tax.?If If it sounds like free money to help cover the costs of outsourcing your sales tax compliance, it can be? Some states give?a?collection businesses,?these

Sales 194

Sales Utah Tax South Carolina 194

TaxConnex

JULY 13, 2023

As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. South Carolina , Aug. Online sale of the item must take place during the holiday, even if delivery is later. 13-19: Qualifying clothing and footwear priced $100 or less will be exempt from sales tax. Iowa , Aug. Ohio , Aug.

Sales 130

Sales West Virginia South Carolina Tax 130

TaxConnex

DECEMBER 30, 2021

Sales tax in 2021, though, seemed to move in only one direction: It intensified as even more states hopped on the economic nexus bandwagon and the sales tax burden for online businesses grew. Here’s a look back at some of 2021’s biggest developments in sales tax. Other states intensified their sales tax moves.

Sales 192

Sales Tax Maryland West Virginia 192

CPA Practice

DECEMBER 19, 2023

Erie County, New York, exempts energy sources and services New York state sales tax doesn’t apply to retail sales of residential energy sources and services, but local sales tax does apply in many jurisdictions, including Erie County. The prepaid sales tax rate for diesel fuel remains the same at 23.5 cents per gallon.

South Carolina 111

South Carolina Tax Florida tax return 111

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? Children’s books have a sales tax holiday through Aug.

Sales 130

Sales West Virginia Tax South Carolina 130

TaxConnex

OCTOBER 25, 2022

There’s always something changing in the world of tax, especially sales tax. The Urban Institute told news outlets that 25 states recently reported year-over-year declines in sales tax receipts, a jump of more than a third in just a month. Nationwide, sales tax receipts were up 1.5% Inflation bites. year-over-year as of June.

South Dakota 130

South Dakota Sales Tax South Carolina 130

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? The lowest per-capita excise tax states have included South Carolina, Nebraska, Idaho, and Arizona. Insult to injury: Excise taxes are often subject to sales tax.

Sales 177

Sales Tax South Carolina Hawaii 177

CPA Practice

AUGUST 3, 2023

This list includes every back-to-school sales tax holiday this summer, from July 27, 2023, through the end of August. Sales tax rates are based on data from the Tax Foundation and are accurate as of January 2023. Sales tax rates are based on data from the Tax Foundation and are accurate as of January 2023. Exclusions may apply.

Sales 96

Sales South Carolina West Virginia Tax 96

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. Local jurisdictions’ control over sales tax can vary widely.

Sales 173

Sales Alaska Louisiana Tax 173

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. It’s reported to bring about $9 million in revenue annually.

Sales 149

Sales Tax Alaska Illinois 149

TaxConnex

JUNE 8, 2021

There’s always something changing in the world of tax, especially sales tax. They were the last two states with a sales tax to set up such requirements.). The bill requires the collection and remittance of sales and compensating use tax by most marketplace facilitators beginning July 1. And 2021 continues to prove that.

Sales 143

Sales Tax Arkansas South Carolina 143

TaxConnex

NOVEMBER 7, 2023

Hard to believe if you’ve ever dealt with sales tax jurisdictions, but they will actually give you a break on paying your sales tax in the form of vendor compensations and discounts. South Carolina gives a big break to retailers who aren’t required to collect and remit the state sales but volunteer to do so.

South Carolina 147

South Carolina Colorado Pennsylvania Kentucky 147

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 Nexus. Customization and Implementation.

Technology 130

Technology Sales Tax South Dakota 130

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

MAY 19, 2022

Given the complexity that already exists regarding sales tax, it’d be great if states were the only jurisdictions that levied them. Local sales are becoming an increasing burden for online sellers as cities, counties and towns nationwide constantly tinker with their own sales taxes and other jurisdictions create new economic nexus rules.

Alaska 189

Alaska Colorado Louisiana West Virginia 189

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

CPA Practice

APRIL 5, 2024

North Carolina $1,381,529 $450,446 32.6% South Carolina $1,326,469 $416,183 31.4% South Dakota $1,390,105 $380,130 27.3% The study looks at how much tax the average person is estimated to pay in each state throughout their lifetime. Connecticut $1,731,261 $855,307 49.4% Vermont $1,442,094 $651,434 45.2%

West Virginia 126

West Virginia Rhode Island South Dakota North Dakota 126

CPA Practice

APRIL 3, 2024

To determine the residents with the biggest tax burdens, WalletHub compared the 50 states based on the cost of three types of taxes—property taxes, individual income taxes, and sales and excise taxes—as a share of total personal income in the state. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

Rhode Island 111

Rhode Island Alaska Tax New Hampshire 111

CPA Practice

APRIL 9, 2024

To determine the residents with the biggest tax burdens, WalletHub compared the 50 states based on the cost of three types of taxes—property taxes, individual income taxes, and sales and excise taxes—as a share of total personal income in the state. Washington has the highest sales and excise tax burden, while New Hampshire has the lowest.

Rhode Island 105

Rhode Island Alaska Tax New Hampshire 105

CPA Practice

MARCH 21, 2024

California, New Mexico, South Carolina, and Maricopa County, Arizona), while others still require taxpayers to file by mailing paper returns. While material personal property is taxable in Missouri, any associated installation costs, freight costs, or sales and use tax isn’t subject to property tax.

Rhode Island 119

Rhode Island Tax Arizona South Carolina 119

PYMNTS

NOVEMBER 27, 2018

In this case, the real estate is located in South Carolina, and is tied to a luxury student residence located near the University of South Carolina known as “The Hub.”. The owner is Convexity Properties, which is reportedly looking to raise as much as $20 million from the token sale.

Real Estate 51

Real Estate South Carolina Sales 51

ThomsonReuters

APRIL 25, 2024

In addition to state income taxes, retirees should consider other state-level taxes, such as property taxes , sales taxes , and estate taxes , which can further impact their overall tax liability. However, sales taxes here can be higher than in other states. States with no tax on pensions.

South Dakota 52

South Dakota Rhode Island New Hampshire Wyoming 52

TaxConnex

JUNE 22, 2021

June 21 marked three years since the landmark decision in the South Dakota v. The years since June 2018 have been unlike anything in the history of sales tax. Supreme Court Wayfair decision three years ago empowered tax jurisdictions with the sudden authority to require thousands of companies to collect and remit sales tax.

South Dakota 130

South Dakota E-commerce South Carolina Missouri 130