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. In Florida, Mississippi and Tennessee, breaks depended on price limits of items.

Sales 231

Sales Tax Colorado Alaska 231

TaxConnex

SEPTEMBER 7, 2023

Nonprofits are often thought to be exempt from sales taxes, but is that correct? They also frequently sell TPP such as merchandise, memberships, books and so forth that for-profit companies generally have to charge and collect sales tax on. Are non-profits exempt from sales tax obligations? That depends on many factors.

Sales 147

Sales Tax Non-Profits North Carolina 147

TaxConnex

SEPTEMBER 28, 2023

Now it’s time to register with the states to collect and remit sales tax. You complete your sales tax registrations and file them with the departments of revenue or taxation in each state. These registrations are called sales tax permits, sometimes licenses. New York calls theirs a “sales tax certificate of authority.”

Sales 147

Sales Tax West Virginia North Dakota 147

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. Diapers and groceries are taxed in Hawaii, Idaho, Utah, Kansas, Missouri, Oklahoma, Arkansas, Tennessee and Alabama, Mississippi and South Dakota.

South Carolina 130

South Carolina South Dakota Sales Montana 130

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 8, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax revenues and their local portions are reported up from Auburn, N.Y., State sales tax revenues and their local portions are reported up from Auburn, N.Y., beyond budget estimates; Georgia’s sales and use tax collections totaled $1.37

Sales 173

Sales Tennessee Tax Massachusetts 173

TaxConnex

SEPTEMBER 14, 2023

How is sales tax managed for this growing industry? The sales tax obligations related to subscription box services depend on many of the same questions as other remote sellers: Are your products taxable or exempt in tax jurisdictions where you have customers? You generally have to charge sales tax on ornamental plants and flowers.

Sales 147

Sales Rhode Island Tax Kansas 147

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

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. Sales tax accounted for the largest decline, falling $918 million, or 23 percent. billion (3.5

Sales 224

Sales Tax Wisconsin Vermont 224

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

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. First came the state’s Remote Seller Sales Tax Commission of municipalities banding together to tax sales.

West Virginia 179

West Virginia Sales Tax Alaska 179

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

TaxConnex

AUGUST 15, 2023

There’s always something changing in the world of tax, especially sales tax. Midyear sales tax. The Tax Foundation released its “State and Local Sales Tax Rates, Midyear 2023” report of the 45 states (and the District of Columbia) that collect statewide sales taxes and the 38 states where local sales taxes are collected.

Sales 130

Sales Tax Alabama Texas 130

TaxConnex

JUNE 1, 2023

Last time, we looked at trailing nexus and a few reasons you might want to cancel your sales tax registration with a state. You also have to ascertain your “trailing nexus,” if any, due to a time lag in your sales that won’t end until sometime in the future. So, is cancelling your sales tax registration simple?

Sales 130

Sales Tax New Jersey North Carolina 130

TaxConnex

MARCH 30, 2023

Everything old is new again – and that goes for ideas of a national sales tax. What’s at stake for the revenue of states that already have their own sales tax? The provisions This bill imposes a national sales tax on the use or consumption in the U.S. The rate of the sales tax will be 23% in 2025, adjusted in subsequent years.

Sales 147

Sales Tax income tax Louisiana 147

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

APRIL 12, 2022

There’s always something changing in the world of tax, especially sales tax. Inflation and other spiraling prices have driven states’ lawmakers to consider relief via sales and other taxes. Florida seems to be leading the way, proposing sales tax holidays and other short- and long-term tax relief on a broad range of products.

South Dakota 208

South Dakota Sales Tax North Carolina 208

CPA Practice

APRIL 9, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. Sales taxes on services don’t seem likely for 2024.

Sales 110

Sales Tax Minnesota Tennessee 110

TaxConnex

AUGUST 9, 2022

There’s always something changing in the world of tax, especially sales tax. State sales tax holidays fail to live up to the hype. in favor of conveniently popular yet ultimately ineffective sales tax holidays.”. Several states tinkered with their sales tax exemptions this summer. Iowa has modified its sales tax base.

Sales 130

Sales Louisiana Tax Iowa 130

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

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. Online sales tax revenues have accounted for about 66.4

West Virginia 130

West Virginia Sales Nebraska Alaska 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

JANUARY 27, 2022

The explosion of the e-commerce market alone would’ve made handling sales tax obligations in-house tough. Due to all of the above, it’s hard to fill any position at this point, but a job with specific skills, especially with experience managing sales and use tax, can be downright impossible. Nearly 8% growth was expected in 2021.

Sales 162

Sales E-commerce Tax Florida 162

TaxConnex

JUNE 9, 2022

What’s new in May for state sales and use taxes. There’s always something changing in the world of tax, especially sales tax. Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. million in taxes a year on the sale of groceries. Food for thought.

Sales 192

Sales Tax Colorado Massachusetts 192

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. 199, which would establish a centralized sales tax commission.

Sales 141

Sales Tax Louisiana North Carolina 141

TaxConnex

DECEMBER 1, 2022

There’s always something changing in the world of tax, especially sales tax. An Arizona business challenging Louisiana’s remote seller sales tax structure is appealing to the U.S. The five worst states for business based on sales tax are Alabama, Washington, Louisiana, California and Tennessee. Back to court.

Sales 130

Sales Tax Alaska Louisiana 130

TaxConnex

JULY 11, 2023

This time of year is a trove for online sellers of these products and states seem to realize it’s time to ring the bell on sales tax breaks for back-to-school. These holidays are limited times (frequently weekends) where a state allows sales tax to be eliminated or reduced on categories of consumer products. Florida , July 24-Aug.

Sales 100

Sales Tax Sports Mississippi 100

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

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 101

South Carolina North Carolina Mississippi Georgia 101

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

CPA Practice

APRIL 25, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. Sales taxes on services don’t seem likely for 2024.

Sales 52

Sales Tax Minnesota Tennessee 52

CPA Practice

APRIL 22, 2024

The domestic sales tax landscape in the United States has been in a constant state of flux over the last decade. In fact, the 2023 Vertex End-of-Year Sales Tax Rates and Rules report shows that a total of 444 sales tax rate changes took place across all U.S. Sales taxes on services don’t seem likely for 2024.

Sales 52

Sales Tax Minnesota Tennessee 52

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

DECEMBER 22, 2020

The year’s ongoing pandemic affected almost every aspect of life – including, and in no small way, sales tax, which was already an area that has seen unprecedented change since the Supreme Court’s Wayfair decision in 2018. Even so, sales tax moved forward. Am I going to hit new nexus thresholds with an increase in online sales?

Sales 130

Sales Tax North Carolina Michigan 130

CPA Practice

OCTOBER 18, 2023

With sales tax compliance, it’s the latter. The fact is, not all states are equal when it comes to sales tax filing and remittance. For a variety of reasons, sales tax compliance in certain states takes more time and causes more headaches than sales tax compliance in others. There’s no one reason why this is so.

Sales 59

Sales South Dakota Tax Missouri 59

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

PYMNTS

MAY 21, 2020

The Associated Press reported that chains like Applebee’s and Olive Garden saw sales plummet by 79 percent compared to the prior year at the beginning of April, as lockdowns closed down eateries nationwide, according to data from NPD Group. Fast food sales fell as well, by 41 percent, the New York-based market research firm found.

Sales 92

Sales Tennessee Texas New York 92