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Multi-channel selling sales tax: Direct/retail sales

TaxConnex

Nearly half the attendees of a recent TaxConnex webinar on multi-channel selling use direct/retail eCommerce as their main avenue of sales. Economic nexus has emerged as a burning issue for many online retailers since the 2018 decision of South Dakota vs. Wayfair , in which the U.S. 1, and Alaska is working hard on the concept.

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Navigating Cannabis Tax Compliance, Audits, and Section 280E

MyIRSRelief

This tax is collected at the retail level and is included in the purchase price paid by consumers. Excise Tax: Colorado imposes a 15% excise tax on the first sale or transfer of unprocessed retail marijuana from a cultivation facility to a retail store or manufacturing facility.

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States with local economic nexus - a review

TaxConnex

Among states without a state-wide sales tax, Alaska is unique in that several of its communities are banding together to establish economic nexus rules, effectively creating a partial state sales tax. A glance at the details of local taxes can be intimidating if you care at all about your sales tax compliance. Local ‘nightmares’?

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NOMAD States: The Latest on Sales Tax

TaxConnex

When it relates to sales tax, the NOMAD states refer to the five American states without a statewide sales tax: New Hampshire, Oregon, Montana, Alaska, and Delaware. Alaska: Soon the acronym might be “NOMD”: Alaska seems to be inching toward a statewide sales tax. Alaska Gov. But what does it mean? That’s not all.

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2024: What’s coming up in sales tax

TaxConnex

For instance, Colorado recently introduced a contentious fee slapped on all retail deliveries in the state where at least one tangible personal property item is subject to sales tax. By the way, there’s also a chance that Alaska will drop from the ranks of NOMAD states and institute its own statewide sales tax this year.

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Monthly State Sales and Use Tax Update

TaxConnex

Alaska has long heard rumblings of a statewide sales tax. Now Alaska has a bill that would adopt a 2% state sales and use tax and enter the Streamlined Sales and Use Tax Agreement. Collection of the taxes would be centralized to the Alaska Department of Revenue, with proceeds remitted back to municipalities. Developing updates.

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Hot Topics: Economic Nexus Thresholds and Reporting Requirements | TaxConnex

TaxConnex

Physical nexus standards – such as having offices, staff or inventory in a state – had long mandated that retailers had to collect and remit a state’s sales tax. Of Alaska’s 162 municipal governments, approximately 110 already levy some variety of sales tax.) Not all home rule states have been so friendly.