TaxConnex

DECEMBER 28, 2023

The new year will no doubt be another active one in sales tax. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. Overall, state tax revenues dropped 5.3%. If so, watch out for 2024.

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TaxConnex

MAY 22, 2025

Sales tax rules on clothing are some of the most complex nationwide, as a patchwork of states offer complete exemptions, no exemptions and everything in-between for specific types of clothing. Says New Jersey , Sales of articles of clothing and footwear for human use are exempt from New Jersey Sales Tax. One size sure doesnt fit all.

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TaxConnex

SEPTEMBER 5, 2024

Ecommerce couldn’t exist without shipping (and probably not without shipping’s partner “handling,” either), but do either incur sales tax? As is often the case in sales tax, it depends on what, how and where. Portions of packages that contain non-taxable or exempt items get a break on the tax on the S&H.

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TaxConnex

MARCH 17, 2022

Economic nexus is now pretty much the law of the land for all states with a statewide sales tax. States – and their cities and towns that receive portions of their sales tax revenue – have scored big. Midland County, Texas bettered its first-quarter sales tax haul by two-thirds year over year. West Virginia ?saw

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TaxConnex

DECEMBER 30, 2021

Sales tax in 2021, though, seemed to move in only one direction: It intensified as even more states hopped on the economic nexus bandwagon and the sales tax burden for online businesses grew. Here’s a look back at some of 2021’s biggest developments in sales tax. Other states intensified their sales tax moves.

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TaxConnex

MARCH 10, 2022

But what exactly is economic nexus – and, more importantly, have you kept up with its constant changes in the sales tax realm? Sales tax nexus is the connection your business has with a state or local taxing jurisdiction. It can be physical in the form of one of your offices actually being in a state or other tax jurisdiction.

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South Dakota Sales Tax Maryland 262

TaxConnex

JULY 20, 2021

There’s no way to sugarcoat it: Sales tax obligations are already difficult at the state level, but when you bring it down to local jurisdictions, or home rule jurisdictions, you get the next level of complexity. Setting sales taxes laws often fall under that umbrella. Setting sales taxes laws often fall under that umbrella.

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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., Many other states are finding more late-2021 sales tax revenue to funnel toward local governments. billion in sales taxes for December, $101.9

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TaxConnex

DECEMBER 14, 2023

In sales tax calculation, you deal with the “hard” and the “less-hard.” Figuring out sales tax obligations for goods (aka, tangible personal property, or TPP) is the less-hard part; you merely have to bear in mind that every state that taxes TPP does it a little differently. States also tax services with nuance.

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TaxConnex

FEBRUARY 22, 2024

But the field continues to change – and if sales tax doesn’t keep up, you could be caught in a tough spot with a customer. And, among these three new aspects of e-commerce, curbside could be the most troublesome for sales tax. In-store pick-up, however, can be a hotbed of bad sales tax calculation if done carelessly.

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TaxConnex

MAY 14, 2024

jurisdictions also involves dealing with sales tax. Responsibility to pay sales tax is based on a variety of factors, such as where the seller and buyer reside and the nature of the product being sold (some items qualify for sales tax exemptions ). On a marketplace platform, who has responsibility for the sales tax?

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TaxConnex

MAY 19, 2022

Given the complexity that already exists regarding sales tax, it’d be great if states were the only jurisdictions that levied them. Local sales are becoming an increasing burden for online sellers as cities, counties and towns nationwide constantly tinker with their own sales taxes and other jurisdictions create new economic nexus rules.

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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. 10 to report use tax.

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TaxConnex

FEBRUARY 23, 2023

All hail sales tax! Taxing certain goods dates back as far as 4,000 years. Ancient Egypt taxed cooking oil, for instance. The tax was levied on a product people had to buy and were forbidden to reuse (coincidentally, the Pharaoh had a monopoly on production). Salestaxes are no exception.

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TaxConnex

DECEMBER 7, 2023

There’s always something changing in the world of tax, especially sales tax. followed by South Dakota, Kentucky, West Virginia and Kansas. The mix-up reportedly happened because she lives in an unincorporated county but her shipping city was listed as Jacksonville, which is in a different county with a higher tax rate.

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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.”

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CPA Practice

APRIL 9, 2024

As accountants and CPAs, dealing with payroll taxes is essential to managing finances for your business clients. Understanding the details of payroll taxes helps you better assist your clients in fulfilling their obligations and maximizing tax efficiency. Social Security Tax : Employers and employees each contribute 6.2%

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TaxConnex

NOVEMBER 3, 2022

A new tax law in Maryland seemed ready to rattle every company that sold digital products in the U.S. But a court has now invalidated the Maryland Digital Advertising Tax. The judge ruled that the tax violates the Internet Tax Freedom Act and the U.S. The legislation authorizing the tax was vetoed by Gov.

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Withum

JUNE 27, 2022

There is a lot going on regarding taxes these days. Senate Majority Leader Chuck Schumer and Senator Joe Manchin from West Virginia are leading the discussions because Sen. Manchin’s buy-in will be essential to passage of any tax legislation. Business Tax Services. The post Tax Roundup appeared first on Withum.

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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? For sales tax purposes, you’ll see reference to “shipping,” “shipping and handling” (Arizona taxes these two, for instance) and “delivery”.

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TaxConnex

OCTOBER 27, 2022

States are like that, too: sometimes candy is considered food (groceries) for sales tax purposes, sometimes it’s not and sometimes it’s somewhere in between. In many states, for instance, liquor-filled candy – which admittedly few are going to give to kids on Halloween – can be taxed differently than regular candy. Not merely because’.

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TaxConnex

MAY 18, 2023

Sales tax can be complicated, with rules that frequently change and disparate application across the nation’s thousands and thousands of tax jurisdictions. Sales tax, even at its simplest, can seem like a patchwork puzzle. And that’s before you throw in odd rules and tax loopholes. Colorado taxes napkins and silverware.

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Sales West Virginia South Dakota Tax 130

CPA Practice

AUGUST 25, 2024

Yet some states still haven’t clearly defined how sales and use tax applies to digital goods and services. To help you better understand digital products sales tax, this blog will explain: How do you define digital products for sales tax? How do you figure out sales tax on digital products by state?

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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. Other states with back-to-school holidays include West Virginia (Aug.

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Accounting Today

NOVEMBER 6, 2024

The GOP defeated Banking Chairman Sherrod Brown in Ohio, fended off an unexpectedly tough challenge to Nebraska' Deb Fischer and picked up the open Senate seat in West Virginia.

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TaxConnex

AUGUST 22, 2023

If you’re in this industry, the last thing you need added to your load is sales tax. Generally, a business in the construction industry is performing a service, and most services are excluded from sales and use tax. But sales tax has to be your concern if you engage in contracts in different states. Tax-exempt entities.

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Accounting Today

MARCH 19, 2025

The IRS is pushing back filing and payment deadlines to Nov.

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West Virginia Virginia Tax 59

TaxConnex

OCTOBER 8, 2024

But not all search engines – or state tax websites – are created equal. What it’s like typing “sales tax” into that little rectangle with the magnifying glass on each state’s website? Here are first impressions from one-and-done searches for “sales tax” on the revenue site of each state. Connecticut Dept.

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TaxConnex

JULY 13, 2023

As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. West Virginia , Aug. 13-19: Qualifying clothing and footwear priced $100 or less will be exempt from sales tax. Connecticut: Tax-free week begins on the third Sunday of August and runs until the following Saturday. Iowa , Aug.

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CPA Practice

DECEMBER 7, 2023

Jack Lee Oliver, owner and operator of the Insurance Depot on Fairmont Avenue, used a foster child he never met to inflate his tax refund, according to court documents from the U.S. Those charges were only three of 32 separate charges related to tax fraud, according to a grand jury indictment filed in the U.S. Justice Department.

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CPA Practice

DECEMBER 4, 2024

Top 50 accounting firm BerryDunn has merged with Connecticut-based accounting, tax, and advisory firm Burzenski & Co., Founded in 1974, Portland, ME-based BerryDunn provides assurance, tax, and consulting services to businesses, nonprofits, and government agencies throughout the U.S. effective Dec. and its territories.

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TaxConnex

SEPTEMBER 26, 2024

The exception certificate figures big in your sales tax toolbox. A sales tax exemption certificate means you, the seller, don’t have to collect and remit sales tax on certain products and services and to certain clients (such as schools, hospitals or churches) in a state. Get in touch to learn more.

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CPA Practice

MARCH 17, 2025

3, 2025, for individuals and businesses in six West Virginia counties that were affected by severe storms, flooding, landslides, and mudslides that began on Feb. The IRS has extended the filing deadline to Nov.

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Withum

SEPTEMBER 9, 2021

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West Virginia Virginia Tax 52

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? Do all states have a tax holiday? By Gail Cole.

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Sales Nevada Tax West Virginia 119

CPA Practice

OCTOBER 30, 2023

Nearly $80 billion in IRS funding over 10 years was ushered in under the Inflation Reduction Act, the massive climate, energy, tax, and healthcare legislation passed along Democratic party lines last year. 2, 2023 Martinsburg, West Virginia Oct. 17, 2023 West Nyack, New York Jan. 28, 2022 Vienna, Virginia Nov.

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CPA Practice

SEPTEMBER 9, 2024

The deadline for taxpayers to submit their third quarter estimated tax payment is one week from today. However, individuals and businesses affected by disasters in 17 states, Puerto Rico, and the Virgin Islands may automatically qualify for a delayed tax-payment deadline, the IRS said last week.

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