TaxConnex

SEPTEMBER 12, 2023

The new app, eConnex, gives Shopify users a simple way to get their sales tax data out of Shopify and upload it into TaxConnex's  Client Connexion  for easy returns filing.

tax return 147

tax return Sales Tax tax consultant 147

TaxConnex

FEBRUARY 22, 2024

Capital One reports that global e-commerce retail sales will hit some $6.91 from total e-commerce retail sales in 2023. retail e-commerce sales for 2023 through the third quarter were $833 billion, up 7.6% retail e-commerce sales is expected to top $2 trillion by 2027. The sales tax could be calculated wrong.

E-commerce 196

E-commerce West Virginia Kansas Virginia 196

TaxConnex

JANUARY 30, 2024

Every now and then something comes along that transforms sales tax. States’ definitions of a “marketplace facilitator” vary almost as much as states’ sales tax laws themselves. Marketplace facilitators enable these sales by listing the products, taking the payments, collecting receipts and sometimes assisting in shipment.

Iowa 204

Iowa Pennsylvania Illinois Tax 204

TaxConnex

MAY 3, 2022

F r om time to time, sales tax outsourcing relationships fail to work properly, and a change is necessary. As the sales tax outsourcing relationship progresses over time, sales and marketing messages give way to the realities of the operational relationship. more sales and so on.

Sales 212

Sales Tax Start-ups 212

TaxConnex

SEPTEMBER 28, 2023

You’ve learned what states you have nexus in and you know where your products/services are taxable. 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. The correct type of tax.

Sales 147

Sales Tax West Virginia North Dakota 147

TaxConnex

OCTOBER 19, 2023

Often as things change in sales tax – and they change often – one constant keeps lurching along. Tax jurisdictions love to send notices, and usually it’s to say “Boo!” True, notices can simply be a way for tax jurisdictions to get in touch with you and require no fast action on your part. and not just “Hi.”

Sales 147

Sales Tax audit Finance 147

TaxConnex

MAY 16, 2023

As you are likely aware, managing your sales and use tax obligations is not a small task. Ensuring you have the right people and processes in place is key to maintaining compliance and not putting yourself or your business at risk.

Sales 130

Sales Tax cpa firm CPA 130

TaxConnex

JULY 26, 2022

Partnerships, just like your sales tax obligations, evolve over time. Sales tax is not a set it and forget it task, so if you’ve handed things off and aren’t sure how things are going, it may be time for a check-up with your provider. Read below to see if it’s time for you to start the search for a new provider.

Sales 192

Sales Tax tax return Technology 192

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

APRIL 6, 2023

The 2018 Supreme Court Wayfair decision gave us a bright line standard for determining sales tax nexus: Generate a set amount of revenue in a state in a set amount of time and your company has to collect and remit the applicable sales tax. Who handles compliance? Managing sales tax is burdensome.

Technology 130

Technology Sales Tax tax return 130

TaxConnex

AUGUST 16, 2022

Since the Wayfair decision four years ago, sales tax compliance has had to become a major priority for businesses with multistate sales. The first step for many businesses, after they determine the taxability of their products/services, is to do a nexus review to determine where they should be collecting sales tax.

Technology 189

Technology Sales Tax audit 189

Cherry Bekaert

MARCH 14, 2024

market, business owners must learn about the federal, state and local tax systems they will encounter. Sales tax in the U.S. is quite different from a value-added tax (VAT) or a goods and services tax (GST) assessed by many other countries. Listen to learn more about: 03:54 – GST tax vs. U.S.

tax services 97

tax services Tax income tax tax return 97

TaxConnex

OCTOBER 4, 2022

So you’ve done the smart thing and determined that your company has sales tax obligations in various states. Now you must collect, file, and remit sales tax in multiple states. The penalties for non-compliance can be substantial – with company leadership on the hook for liability.). That’s a great first step.

Sales 130

Sales Tax tax return Colorado 130

TaxConnex

JUNE 27, 2023

Staying on top of your sales tax obligations is crucial to maintaining compliance and avoiding costly penalties. However, navigating the complex world of sales tax filing is a lot for a business to manage without the right expertise.

Sales 130

Sales Tax auditor tax return 130

TaxConnex

OCTOBER 28, 2021

It may be the season of ghosts and goblins, but sales tax obligations last all year, and as many would admit, keeping track of all your sales tax obligations can be quite scary. What’s your shield when the sales tax monster comes after you? in sales). of tax you should have collected.

Sales 205

Sales Tax audit Legal 205

TaxConnex

JUNE 13, 2023

Sales tax compliance involves a highly complex set of rules and regulations. These rules change frequently in many jurisdictions, and the question of whether (and how) your company needs to collect and remit sales tax to a certain jurisdiction can be quite difficult to determine. Why is it not enough?

Sales 130

Sales Tax Maine Account 130

TaxConnex

AUGUST 25, 2022

good”) service is a nice thing to have in any industry. In a field that changes as fast as sales tax, it’s a necessity. But providers have their own business priorities as well and if customer service isn’t at the top of their list, changes could end up harming you. regarding sales tax and business growth.

Sales 165

Sales Tax audit Alaska 165

TaxConnex

NOVEMBER 22, 2022

In our blog last week, we looked at how sales and use tax advisory services might be a good new field for CPAs and accounting firms. Another cost-effective approach to adding sales and use tax advisory services: partnering with sales and use tax experts.

accounting firms 130

accounting firms Sales Tax tax return 130

TaxConnex

APRIL 13, 2023

Our third annual survey of financial professionals across accounting, manufacturing, construction, software and technology, retail/eCommerce, telecom and others showed that many industries face sales tax challenges and that financial leaders continue to lean on internal resources to get the job done. What’s keeping them up at night?

Sales 130

Sales Tax tax return audit 130

TaxConnex

DECEMBER 21, 2021

Staying on top of the ever-evolving sales tax landscape takes constant time and attention. But how does that impact your sales tax compliance and is there a way to lighten the load on your finance teams who may already be feeling the pain of doing more with fewer and fewer resources? What’s ‘Great’ about it?

Sales 175

Sales Tax cpa firm CPA 175

CPA Practice

OCTOBER 24, 2023

For almost as long as commerce has existed, small business owners have struggled with managing their finances and taxes, while at the same time running the operational side of their businesses. there are more than 13,000 taxing jurisdictions, including states, cities, counties, and a variety of special districts. 2023 sales tax rates.

Sales 111

Sales Tax bookkeeping services bookkeeping 111

TaxConnex

OCTOBER 12, 2023

And one thing that can pound a stake through the heart of a promising M&A is unearthing past tax liability during due diligence. Enter past-due sales tax, a sometimes-overlooked and haunting liability that might not get the attention of, say, overdue income or property tax, until it’s too late.

Sales 113

Sales Tax audit tax return 113

TaxConnex

OCTOBER 21, 2021

Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? Are you monitoring your sales thresholds into new states?

E-commerce 187

E-commerce Sales Tax Retail 187

TaxConnex

SEPTEMBER 28, 2021

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax.

Technology 175

Technology Sales Tax audit 175

TaxConnex

JANUARY 19, 2021

Picking the right provider to handle your business’s sales and use tax compliance is a big decision. Many businesses are already working with an outsourced sales tax provider but are not completely satisfied. If you feel you could do better with a new sales tax compliance provider, you’re not alone.

Sales 167

Sales Tax cpa firm audit 167

TaxConnex

FEBRUARY 24, 2022

But sometimes, the deal is held up for various reasons – including sales tax exposure within the company being acquired. But many business owners have been gut-punched during due diligence when an unanticipated sales and use tax? beforehand and protect their company by being in compliance. created the real?

Sales 194

Sales Tax tax return payroll 194

TaxConnex

OCTOBER 19, 2021

You may think your business is in full compliance with your sales tax obligations nationwide – and you may well be – but America’s 10,000-plus sales tax jurisdictions love to send notices. Luckily, a hands-on service provider like TaxConnex monitors and resolves notices for you. It could be nothing, but….

Sales 210

Sales Tax tax return Account 210

TaxConnex

FEBRUARY 10, 2022

In a little more than three years since the Supreme Court’s Wayfair decision , multi-state sales tax has gone from a simple obligation for some companies that were based solely in one state to a nightmare of complying with 50 different states’ sales tax rules. sales tax or use tax).

Sales 200

Sales Tax E-commerce Alaska 200

TaxConnex

SEPTEMBER 15, 2020

Sales tax is complicated. Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side.

Sales 225

Sales Tax tax consultant cpa firm 225

TaxConnex

APRIL 14, 2022

Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. Sales tax registrations are completed at the Department of Revenue within each state.

Sales 159

Sales Tax tax return Start-ups 159

TaxConnex

NOVEMBER 11, 2022

November 11, 2022 - TaxConnex™ , a technology-enabled sales tax compliance outsourcing provider, shared that they are exhibiting at Thomson Reuters SYNERGY 2022 Conference for Corporate Professionals November 13-16. Alpharetta, GA., Thomson Reuters SYNERGY 2022 Conference for Corporate Professionals is in Washington, D.C.

Washington 130

Washington Tax Sales tax services 130

TaxConnex

AUGUST 11, 2022

A few recent developments – including scams and fine definitions –across the country show how sales tax compliance can be complicated. New York: An appeals court ruled last month against a company that claimed eligibility for sales tax refunds on several purchases of concrete.

Sales 130

Sales Tax North Carolina Pennsylvania 130

TaxConnex

DECEMBER 22, 2022

Many jurisdictions impose a sales tax on the rental or lease of tangible personal property. And along with this tax imposition comes some sales tax applicability nuances depending on the type of lease, associated services and the type of property being leased. The back story. Wayfair, Inc.

South Dakota 130

South Dakota Sales Tax Finance 130

TaxConnex

SEPTEMBER 28, 2022

By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Nexus can be economic and based on a threshold of sales volume in a given time. How is technology being taxed? How many tax jurisdictions are there, anyway?

South Dakota 204

South Dakota Alaska Tax Sales 204

TaxConnex

NOVEMBER 5, 2020

If your business has an obligation to collect and remit sales tax, then you know how complex the process can be. Whether you manage it all internally, work with a CPA, or use an outsourced provider or technology, you know that there are many moving parts. Let’s first look at the overall sales tax process.

Technology 223

Technology Sales Tax tax return 223

TaxConnex

SEPTEMBER 14, 2021

There’s always something changing in the world of tax, especially sales tax. Dire forecasts of states’ plunging sales tax revenue in the age of COVID continue to be proven wrong. billion for next year – with online sales taxes making up a substantial portion of the take. State Revenue Updates.

Sales 173

Sales Alabama Tax Alaska 173

TaxConnex

NOVEMBER 10, 2022

Gain insight into why Robert started TaxConnex and his plans for our future as well as how sales tax has evolved over the years. I graduated in 1985 with a Masters in Tax. I was trained in income tax and expected to have a career in public accounting, but I only lasted a few years in a couple of different large CPA firms.

income tax 130

income tax tax return Tax Sales 130