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3 things to remember about economic nexus

TaxConnex

This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v. Wayfair, Inc et al , but many businesses are still trying to figure out how to manage sales tax obligations brought on by this decision. TaxConnex provides outsourced sales tax services to businesses of all sizes.

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Proposed Senate Legislation to Relieve Sales Tax Compliance Burden

Withum

After receiving complaints from small business owners, the Senate Finance Committee held a hearing on June 14th to review the effect of the 2018 Supreme Court decision in South Dakota v. In 2018, the Supreme Court reviewed and upheld the lower court’s decision in South Dakota v. State and Local Tax Services.

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Can an eCommerce platform alone manage sales tax?

TaxConnex

The 2018 Supreme Court decision in South Dakota vs. Wayfair opened the floodgates for economic nexus throughout the U.S. Usually all retail sales of tangible personal property (TPP) are taxable, but many states have started to tax services. A complex environment Economic nexus. Taxability.

Sales 202
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Sales Tax on Shipping: When Does it Apply?

TaxConnex

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).

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Sales Tax and Business Services – Your Top Questions Answered

TaxConnex

My company only provides services, so what type of sales tax concerns should I have? In most states, the performance of personal and professional services is not a taxable event. New Mexico, Hawaii, and South Dakota tax a variety of services. Information services. Armored car services.

Sales 185
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Spotlighting Women in Advisory Practice: “We needed to focus on what people wanted,” says Erin Heath, CPA

ThomsonReuters

There are many paths to accountancy, but this is one we don’t hear of often:  Erin Heath   grew up on a cattle ranch in South Dakota, where many of her “ranch-hand” duties sparked her interest in numbers. But it was an introduction to accounting class in high school that paved the way. “It It was love at first sight,” she recalls. “I

CPA 98
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Is Software as a Service Taxable? 

Anders CPA

Arizona Connecticut District of Columbia Hawaii Iowa Louisiana (1/1/2023) Massachusetts Maryland Minnesota Mississippi New Mexico New York Ohio Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Washington West Virginia. Anders State and Local Tax services. appeared first on Anders CPA.