TaxConnex

MAY 1, 2025

Q-commerce is also likely to start sparking long-term questions about sales tax. Tax treatment Q-commerce may seem futuristically fast, but its sales tax calculation remains the same so far as its older cousin e-commerce. There are 10,000-plus tax jurisdictions in the U.S.,

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E-commerce Sales Tax Kansas 147

TaxConnex

APRIL 29, 2025

What is the relationship between tariffs and sales tax? What does this mean for sales tax? Surcharge(s), including tariffs, are included in the selling price and are taxed. Surcharge(s), including tariffs, are taxable under the same tax classification used to report the payment of the good or service purchased.

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Sales Wisconsin Tax E-commerce 130

TaxConnex

APRIL 17, 2025

Last time we looked at the damage that one companys past sales tax exposure and liability can do to an M&A deal. Companies must register for sales tax companies in states where they have nexus and adhere to that states filing frequency requirements. In that part, well examine what can be done about this exposure.

Sales 147

Sales Tax Illinois audit 147

TaxConnex

MARCH 4, 2025

Square is a point-of-sale (POS) system for merchants, either brick-and-mortar or online, to accept card payments and streamline other business operations. It also seems to have an excellent take on sales tax in its functions, including where Squares responsibilities end and yours begin. Tax compliance is your responsibility.

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Sales Tax online accounting Account 147

TaxConnex

NOVEMBER 7, 2024

Assessing a company’s sales tax risk and exposure starts (and maybe ends) with the right questions. As we saw in a previous blog, these questions cover a range of topics and hinge on knowing many sales tax terms. Are you comfortable with your sales tax nexus footprint? Did you expand sales into Canada ?

Sales 113

Sales South Dakota Tax E-commerce 113

TaxConnex

AUGUST 8, 2024

Many industries come with confusing sales tax complexities. So does agriculture, and several aspects make this industry trickier than others for sales tax. Here are points to keep in mind regarding sales tax and agriculture. Sales and use taxes on sales of agricultural products are complex.

Agriculture 264

Agriculture Sales Tax South Dakota 264

TaxConnex

JANUARY 23, 2025

A new construction project, a renovation or expansion of a property, ongoing management of a property: All these and more can come with a ton of sales tax nuances. Particularly for those construction companies with projects beyond the borders of their home state, where they may have done well with sales tax compliance for many years.

Sales 147

Sales North Carolina Tax Construction 147

TaxConnex

MARCH 13, 2025

The sales tax landscape is constantly evolving, and businesses must adapt to keep pace. But tax laws aren't the only things changingbusinesses themselves are growing, diversifying, and seeking new ways to streamline their operations. Businesses want the ability to analyze how tax obligations affect their overall strategy.

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Sales Tax Education Finance 147

TaxConnex

MAY 7, 2024

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.

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Rhode Island Sales Tax South Carolina 264

TaxConnex

SEPTEMBER 5, 2024

Ecommerce couldn’t exist without shipping (and probably not without shipping’s partner “handling,” either), but do either incur sales tax? As is often the case in sales tax, it depends on what, how and where. Portions of packages that contain non-taxable or exempt items get a break on the tax on the S&H.

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Sales Tax Rhode Island Kansas 264

TaxConnex

JUNE 11, 2024

Do you need a state sales tax permit? How about a sales tax license? How about a sales tax certificate of authority? Sales tax registration is usually free or remarkably cheap ( Arizona seems to like the amount $12) though Connecticut charges $100. Did you know they’re all the same thing?

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Sales Tax North Dakota Nebraska 264

TaxConnex

AUGUST 15, 2024

General tax laws are strange. Maybe sales tax laws make more sense? In Florida, you can get a tax break for displaying a cow on your property. You can get a big tax break in New Mexico if you just live to 100. Louisiana lets small private aircrafts soar tax-free, and Connecticut extends that to bigger planes.

Sales 264

Sales South Dakota South Carolina Tax 264

TaxConnex

MARCH 21, 2024

There’s always something changing in the world of tax, especially sales tax. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties.

South Carolina 264

South Carolina Sales Tax Alabama 264

RogerRossmeisl

FEBRUARY 23, 2025

When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property.

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Sales Real Estate income tax CPA 191

TaxConnex

FEBRUARY 15, 2024

There’s always something changing in the world of tax, especially sales tax. B&O responsibility: A Washington State appellate court has found two sellers responsible for sales tax and business and occupation (B&O) tax on sales made through Amazon’s Fulfillment by Amazon (FBA) program.

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Sales Tax Illinois Washington 263

TaxConnex

SEPTEMBER 10, 2024

When you sell across multiple states – or even within various localities in a single state – one striking observation emerges: the consistent inconsistency of sales tax rates. The federal income tax has just seven brackets to cover the whole span of what somebody can make. Why do sales tax rates have to be so complex?

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Rhode Island Sales Alaska New Hampshire 264

TaxConnex

AUGUST 1, 2024

If it seems like jurisdictions just ceaselessly add additional sales tax laws, statutes and restrictions, recent news out of three states should be refreshing. The state’s economic nexus threshold is now just $100,000 in sales into the state annually. The repeal kicks in after 2024. 1, 2024, and before July 1, 2025.

North Carolina 264

North Carolina Sales South Dakota North Dakota 264

TaxConnex

JULY 9, 2024

Sales tax compliance has many moving parts, not just in the filing but in everything that goes into making sure you stay on the legal side of the jurisdictions where you have sales tax nexus. Billing systems You charge the customers sales tax for online purchases, they pay and you remit the money to the tax jurisdictions.

Sales 264

Sales Tax Colorado tax return 264

TaxConnex

AUGUST 20, 2024

At first glance, the sales and use tax requirements for a contractor seem quite simple. As such, all purchases by a contractor are usually subject to sales and use tax. Since contractors are considered service providers, charges by them for real property improvement services are typically exempt from sales and use tax.

Sales 264

Sales Tax Construction Government 264

CPA Practice

OCTOBER 31, 2024

tax professionals responsible for managing sales tax obligations for independent retailers reveals that 97% of respondents say they have automated or plan to automate their sales tax compliance process. A new Avalara survey of U.S. The survey, which was conducted from Oct. The survey, which was conducted from Oct.

Sales 116

Sales Tax accounting and finance bookkeeping 116

TaxConnex

DECEMBER 5, 2023

Clubs and dues have been around for decades, but the rise of certain memberships – and the ability to sell them over the internet – have also raised the question of whether memberships incur sales tax. Health and fitness club In some states membership in one of these creates a sales tax obligation; in others it doesn’t.

South Carolina 264

South Carolina Sales Tax West Virginia 264

TaxConnex

JANUARY 11, 2024

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.

Sales 264

Sales Tax Utah tax return 264

TaxConnex

FEBRUARY 8, 2024

Sales tax compliance depends on many factors. One of the most important – and the most incessantly changing – is the tax rates that America’s thousands of jurisdictions impose. Exemptions can also seem whimsical: New York charges different sales tax on a bagel that’s sold as-is or has been toasted and smeared with cream cheese.

Sales 263

Sales South Dakota Tax Kentucky 263

TaxConnex

MAY 24, 2022

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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South Dakota Sales Retail Tax 246

TaxConnex

JULY 18, 2024

This can lead to auditors assuming transactions are taxable, or making historical projections or arbitrary assessments of taxable sales. Sales Tax Accruals Ensure that sales tax is stated in your general ledger as a separate GL account number. Invoices Keep both sales and purchase invoices well-organized.

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audit Sales Tax tax return 264

CPA Practice

NOVEMBER 12, 2024

Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey. We live and breathe sales tax and license compliance. Plus, earn CPE credit!

Technology 126

Technology Sales Indiana Tax 126

TaxConnex

APRIL 9, 2024

For purposes of incurring sales tax in any state, that essentially translates into “sometimes.” In other instances, vitamins and supplements aren’t taxed at all. How do you handle sales tax liability if you sell vitamins, dietary supplements or other items in this nebulous category? And we don’t mean “sometimes.”

Sales 264

Sales West Virginia Tax Virginia 264

TaxConnex

DECEMBER 28, 2023

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. Overall, state tax revenues dropped 5.3%.

Sales 264

Sales South Dakota Tax Louisiana 264

RogerRossmeisl

APRIL 26, 2025

Here are five options to consider, along with some of the tax implications. Transfer directly to family with a sale or gifts One of the most common approaches to succession is transferring ownership to a family member (or members). This can be done by gifting interests, selling interests or a combination.

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Tax CPA Sales business tax 217

TaxConnex

SEPTEMBER 17, 2024

Getting the right sales tax on your invoice is a pivotal step in managing your sales and use tax obligation. Sales and use tax is a tax imposed on the use or consumption of a product or service and meant to be paid by the end consumer. Do you have a sales tax obligation?

Sales 264

Sales Tax Technology tax return 264

TaxConnex

JANUARY 4, 2024

No year’s ever dull in sales tax, and the pace has only accelerated in the five years since the Supreme Court’s Wayfair decision. As we start the new year, here’s a look back at some significant sales tax events from 2023. This year, multiple states introduced new sales tax exemptions, too.

Sales 264

Sales Tax Colorado South Dakota 264

TaxConnex

SEPTEMBER 26, 2023

(We generally recommend that companies start watching their nexus requirements when they hit the $100,000 in sales in a state. Companies also must always consider how physical presence , such as offices or even just sales reps, can create nexus.) Louisiana home-rule locations largely follow their state-wide tax treatment for TTP.

Sales 264

Sales Tax South Dakota Colorado 264

TaxConnex

FEBRUARY 15, 2022

A ccording to TaxConnex’s recent market survey of 100 top finance professionals, this could be the year to outsource sales tax. Three of these execs’ biggest in-house deficiencies to managing sales tax in 2022: bandwidth, internal knowledge and the right partner or solution. Seems like something needs to change.

Sales 264

Sales Tax income tax tax return 264

TaxConnex

APRIL 25, 2024

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.

Sales 264

Sales Tax accounting and finance auditor 264

TaxConnex

DECEMBER 27, 2022

Sales and use tax nexus is defined as a connection between a person or entity and a taxing jurisdiction. Sales tax nexus is the basis for all your sales tax decisions because without sales tax nexus you have no further obligation to a state. That is unless an exemption applies.

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Sales Tax Non-Profits Maine 246

TaxConnex

MARCH 6, 2025

Youd think that if you eat it, its sales tax treatment would be the same at least similar across different states and given methods of preparation of the food. Pre-packaged food such as canned drinks, bottled beverages, packaged snacks, frozen meals and canned products can also be groceries for purposes of sales tax.

Sales 130

Sales Tax Mississippi South Dakota 130

TaxConnex

DECEMBER 12, 2023

But not for sales tax liability, where most states still maintain strong responsible party laws. And they can come as a real shock: CEOs, CFOs, directors and other execs can be held personally responsible for sales tax shortfalls. That’s true for many of the fiscal messes that can befall a company.

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Sales Tax Ohio Georgia 263