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Multi-channel selling sales tax: Wholesalers and Drop Shipping

TaxConnex

As an example, a distributor/wholesaler in Arkansas sells to a retailer in South Carolina and drop ships to the retailer’s customer in Illinois. The Arkansas distributor/wholesaler has nexus in Illinois and is registered for sales and use tax purposes in Illinois.

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Arkansas Storm Victims Get Tax Deadline Extension to July 31

CPA Practice

Individuals and households that reside or have a business in Cross, Lonoke and Pulaski counties in Arkansas now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service has announced.

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Arkansas Inflation Relief Drops Top State Individual Income Tax Rate to 4.9%, Lowest in State History 

Patriot Software

Arkansas residents, this one’s for you. Read on about this recent Arkansas inflation relief. Governor Hutchinson recently signed legislation to immediately lower the state’s top individual tax rate and provide tax credits to low- and middle-income taxpayers. What is the […] READ MORE.

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The Enigma of Drop Shipments for Sales Tax Purposes

TaxConnex

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. Who is ultimately responsible for the sales tax in this three-party transaction?

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Why are some states’ sale taxes higher than others?

TaxConnex

Why do the states with sales taxes have such a range, from the high combined state and local taxation (pushing 10%) of Louisiana, Tennessee, Arkansas and Washington to the lows of Alaska , Wyoming and Maine. The federal income tax has just seven brackets to cover the whole span of what somebody can make.

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

TaxConnex

Other Updates: Arkansas: The Revenue Legal Counsel division of the Arkansas Department of Finance and Administration has published a? Additional federal funding may also soon become available to intensify compliance. In short, the recently rosy numbers may only encourage state revenue agencies to increase enforcement. Stay tuned.

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Arkansas society awards $58K in scholarships

Accounting Today

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