South Carolina State Tax Updates



The Enigma of Drop Shipments for Sales Tax Purposes


Looking at each of the two transactions individually helps to make the answer clear: Let’s look at a distributor in Arkansas who sells to a retailer in South Carolina (at that retailer’s request) and drop ships the product to the retailer’s customer in Illinois.

Sales 205

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

COVID Surcharges and Sales Tax


Nevada , Texas , South Carolina and New Jersey are among the first states mandating surcharges on retail sales subject to sales tax. South Carolina restaurants are charging an average of 3 percent as a surcharge.).

Sales 207

Multi-channel selling sales tax: Wholesalers and Drop Shipping


Then came 2018’s South Dakota vs. Wayfair , in which the U.S. Supreme Court ruled that the state of South Dakota could require businesses with no physical presence in a state to collect and remit sales tax.

Sales 161

State Discounts for Sales Tax


South Carolina, for instance, gives a slightly better break for electronic filing rather than paper filings. Collecting and remitting sales tax can be onerous – and expensive – for any business.

Sales 203

Vendor concessions/discounts can help pay to outsource sales tax obligations


Colorado, Mississippi, Nevada, Ohio and Louisiana are among states offering a discount for prompt payment; Arizona gives a better discount for e-filers; Florida and South Carolina offer both. Kentucky’s cap is just $50 per month, South Dakota’s just $70.

Sales 181

Preparing Your Business for 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). Other unusual exempt items include certain chain saws in Virginia and bed linen in South Carolina.

Sales 183

Marketplace Facilitators Create Their Own Sales Tax Obligations


Once the US Supreme Court ruled in the South Dakota vs. Wayfair case, other states swiftly adopted economic nexus rules. Amazon, eBay and Etsy are more than household names. In the world of sales tax, they’re major marketplace facilitators.

Sales 193

Excise Tax versus Sales Tax


The lowest per-capita excise tax states have included South Carolina, Nebraska, Idaho, and Arizona. Soon after you start dealing with states’ sales tax, you’re going to also run into another term: excise tax. What is excise tax? And is it different from sales tax?

tax 169

2021: The Year in Review – Sales Tax


Even then, however, such states as Massachusetts, Michigan, South Carolina and Maryland were among those continuing to extend filing and sales tax payment relief that had started during the pandemic.

Sales 180

Sales Tax on Shipping: When Does it Apply?


When only some of the contents of a shipment are taxable, the shipping charges must be pro-rated in Minnesota, New Jersey, North Carolina, North Dakota, Ohio, Rhode Island, South Dakota, Vermont, Washington and Wisconsin (where a “reasonable allocation” is required).

Sales 171

Retailers Wary Of Opening As Some States Restart Economies


are some of the large national chains noting they will not partake in the early phase of reopening in places like South Carolina and Georgia per The Wall Street Journal.

Citing Racial Profiling, IBM Will No Longer Sell Face Recognition Software


Timothy Scott, a South Carolina Republican, was filed after Walter Scott, an unarmed black man not related to the senator, was shot and killed in North Charleston, South Carolina in 2015 by Michael Slager, a white police officer, as the victim fled after being stopped for a faulty brake light.

Home Rule: Can Local Jurisdictions Create Sales Tax Obligations?


Some recent examples include the following: Arizona and South Carolina now allow certain local jurisdictions to diverge from the state sales tax base.

Sales 166

California Goes Back Under Lockdown


Cases in Alabama, Alaska, Arkansas, Georgia, Hawaii, Idaho, Louisiana, Montana, Nevada, Oklahoma, South Carolina, Tennessee and West Virginia surged by more than 20 percent in the past week, according to Johns Hopkins. . In South Carolina, 22.3

Gaining Control of Your Accounting Business


One of our new clients is an Accounting Business located in South Carolina. RESOURCES / ARTICLES. Gaining Control of Your Accounting Business. The owner (let’s call her “Pam”) started the business 15 years ago and revenues have grown to $1 million per annum.

Data: Americans Were On The Road Again Over Holiday Weekend


Tubing was canceled in some Texas rivers, and in South Carolina, some beaches did away with firework shows as well. United States citizens took to the road to travel for the 4th of July weekend, the surging coronavirus not deterring them, CNN reported , citing cell phone data.

First Citizens, CIT Group Merger Will Create $100B Bank


The merged firm will be headquartered in Raleigh, North Carolina and will operate under the First Citizens name and NASDAQ ticker symbol FCNCA. Among other locations, operation centers will be located in New York, New Jersey, California, Nebraska, Arizona, Florida and South Carolina.

Monthly Review of What's New in Sales & Use Tax


South Carolina sales tax collections are 10% greater than predicted this budget year. There’s always something changing in the world of tax, especially sales tax. And 2021 continues to prove that. Here’s a review of some of the recent changes and updates.

Sales 141

New York To Sunbelt State Tourists: Stay Home


At the news conference, Cuomo called out several states with surging infection rates whose residents would be included in the quarantine should they travel to the Tri-State area, including Alabama, Arkansas, Arizona, Florida, North Carolina, South Carolina, Washington, Utah and Texas.

State Sales and Use Tax Update


South Carolina has extended through June 30, 2021, relief that it previously announced regarding the establishment of income and sales tax nexus solely because an employee is temporarily working in a different work location due to COVID-19.

Sales 147

3 Years Post-Wayfair: A Look Back


June 21 marked three years since the landmark decision in the South Dakota v. Wayfair continued, thinking this was against the 1992 Quill decision, and on June 21, 2018, the US Supreme Court ruled in favor of South Dakota with a 5 to 4 vote. sales tax nexus south dakota vs. wayfair

Report Shows US Small Towns Lost 14 Pct Of Banks Between 2012-17


Allendale, South Carolina, a modest but previously healthy small town, has felt the economic pain of losing multiple bank branches.

CORO Global Brings Gold Payment App To Alabama


With the approval in Alabama, CORO is now available in the Apple App Store and Google Play store to residents in 13 states: Florida, Alabama, Arizona, Arkansas, Alaska, Delaware, Idaho, Montana, Massachusetts, Oregon, South Carolina, Washington State and Wisconsin.

The 10 Best Property Taxes By States in 2021: Move Here to Save Money!


Now bouncing back to the deep south, number four on our list is the state of… 4. Also at number six, we have a tie – the state of South Carolina. South Carolina. South Carolina has the exact same property tax rate as Delaware at 0.57%.

The 10 States With the Lowest Property Taxes in 2021


Now bouncing back to the deep south, number four on our list is the state of… 4. Also in number six, we have a tie – the state of South Carolina. South Carolina. South Carolina has the exact same property tax rate as Delaware at 0.57%.

Complexities of Sales Tax: Technology


However, since the US Supreme Court ruling in South Dakota vs. Wayfair, sales tax nexus can also be defined as an economic presence. South Carolina exempts sales of downloaded software but taxes SaaS.

SC Lawmakers Propose $20 Porn Filter


In an attempt to crack down human trafficking and explicit online behavior, lawmakers in South Carolina are teeing up a bill that would levy a $20 fee on those who wish to watch internet pornography. The proposed bill , the Human Trafficking Prevention Act, requires computers, tablets and other devices sold within South Carolina to have a mandatory porn filter built into the device. Regulation fine Porn pornography sc sex trafficking South Carolina What's Hot

Walmart's New Insurance Brokerage To Sell Medicare Plans


The retailer has been slowly entering healthcare services, running low-cost clinics in South Carolina, Georgia and Texas. As it expands upon its efforts to provide health services, Walmart is rolling out licensed insurance brokerage Walmart Insurance Services, LLC.

Walmart Forms Company To Sell Insurance Amid Healthcare Push


The retailer has slowly been entering the healthcare services arena, running approximately 24 low-cost clinics in Texas, Georgia and South Carolina.

SMBs Say US Tariffs On Chinese Goods Are Limiting Imports Of Hand Sanitizer, Disinfectant


Fabric for hospital bedsheets made by Standard Textile in South Carolina and Georgia can only be found in China, and is subjected to tariffs. . Tariffs on Chinese goods are a major reason the U.S.

Publix Debuts Personalized Membership Program With Mobile Payment


Florida-based Publix has more than 1,200 locations in Florida, Georgia, Alabama, South Carolina, North Carolina, Virginia and Tennessee. To provide a personalized experience to its shoppers, Publix is debuting its Club Publix membership program, according to announcement.

Last Labor Report Before Election Shows Drop In US Jobless Claims


Seasonally adjusted initial unemployment claims dipped to 751,000 the week ending Oct. 24, some 40,000 lower than the previous week's revised levels, according to the Thursday (Oct. 29) report from the U.S. Department of Labor (DOL). The previous week's revised level was upped 4,000 from 787,000 to 791,000. The seasonally adjusted insured unemployment rate dropped 0.5 percent from the previous week's revised rate to 5.3 percent for the week ending Oct. The previous week's rate was revised from 5.8

Apple To Shutter Houston Stores Again


Apple closed shops again in North Carolina, Florida, Arizona and South Carolina last week for like rationale, and has reportedly re-shuttered a total of 18 retail locations across the U.S. “We

Instacart, Publix Team On Digital ‘Pub Sub’ Offering


As of today, it’s available in Florida, Georgia, Alabama, South Carolina, Tennessee, North Carolina and Virginia, Instacart said in announcing completion of the Digital Deli rollout.

NRF, RILA Debut Blueprint For Reopening Retail


were some of the big national chains noting they will not participate in the early phase of reopening in places such as Georgia and South Carolina.

Discover Serves Up $5M To Bolster Black-Owned Restaurants


To launch the program, three Black-owned restaurants have been selected to receive $25,000 each: Back in the Day Bakery in Savannah, Georgia, Post Office Pies in Birmingham, Alabama and Rodney Scott’s BBQ , which has locations in both Birmingham and Charleston, South Carolina.

Companies Buy Time To Pay On Imports By Using Slower Shipping


I’ve heard people having containers literally on the dock in China and then saying they don’t want it,” said James Newsome, CEO of the South Carolina Ports Authority, FT reported. In any other economy, companies that order products overseas want fast shipment.

Potential $20M Real Estate Sale Looks To The Blockchain


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.”. In the digital payments space, it used to be people built holdings of tokens. Now people can use tokens to buy holdings of buildings. Fortune reports that “in the first offering of its kind,” blockchain tokens are being used to buy a piece of real estate.

Apple To Shutter 30 More US Stores Again Amid Pandemic


Apple had previously reclosed shops in Arizona, Florida, North Carolina and South Carolina for similar reasons.

Retail Foot Traffic Dips As COVID Cases Rise


The biggest declines in shopping are happening in Mississippi, Texas, South Carolina, Louisiana and Alabama, according to the data. In the past two weeks, shopping levels have fallen again as coronavirus cases surge in the United States, CNBC reported.

SMBs Near Colleges Contend With Future In Flux


Clemson, South Carolina swells in size fourfold to approximately 40,000 from 8,000 at the time students at Clemson University come back each autumn.

Walmart Expands Healthcare Services


Walmart has been making moves in the healthcare field for some time, including opening clinics in Georgia, Texas, South Carolina, Florida and Arkansas.