TaxConnex

SEPTEMBER 26, 2023

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. They also take the burden of sales tax obligation off the seller.

Sales 204

Sales Tax South Dakota Colorado 204

TaxConnex

SEPTEMBER 1, 2022

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. All 45 states with state-wide sales tax now have economic thresholds set.

South Dakota 202

South Dakota Mississippi Iowa Sales 202

Withum

JULY 18, 2022

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.

South Dakota 118

South Dakota Sales Tax Missouri 118

TaxConnex

JANUARY 11, 2022

It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. Many states say that when the contents of a shipment are taxable, so is the shipping cost; similarly, when items in a shipment are exempt from sales tax, so is the cost of shipping.

Rhode Island 183

Rhode Island Sales Tax South Dakota 183

TaxConnex

OCTOBER 13, 2020

Companies that perform services often see themselves as tax exempt, and in many cases that is true, but there are certain states andsituations in which that is not the case. Gain a better understanding of your sales and use tax obligations with these frequently asked questions we have received from businesses that provide services.

Sales 187

Sales South Dakota Tax Hawaii 187

Withum

SEPTEMBER 16, 2022

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g., 2080 (2018).

Sales 80

Sales Retail Tax South Dakota 80

ThomsonReuters

FEBRUARY 26, 2024

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

CPA South Dakota Nebraska Tax 98