TaxConnex

JANUARY 18, 2024

Colorado, which started economic nexus rules long before Wayfair and which today has some 73 local tax jurisdictions, has a history of making compliance complex and not granting grace to those companies that are just trying to make ends meet while complying with sales tax requirements. Not all home rule states have been so friendly.

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TaxConnex

MAY 19, 2022

Other states such as Alabama, Colorado and Louisiana have home-rule jurisdictions where separate returns may need to be filed at the local level. Colorado cities with a home-rule charter and that have elected to administer their own local sales and use taxes, though, are “self-collected.”

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TaxConnex

DECEMBER 28, 2023

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. Colorado also now has a task force charged with simplifying its sales tax system – a special challenge in a home rule state.

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Patriot Software

OCTOBER 13, 2022

A handful of cities in Colorado have a local tax called an occupational privilege tax. If you’re an employer in Colorado, it’s important to know if you owe the occupational privilege tax and what your city requirements are. Occupational privilege taxes (OPT) in Colorado […] READ MORE. Both employees and employers owe it.

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Accounting Today

SEPTEMBER 22, 2022

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PYMNTS

AUGUST 3, 2020

The Colorado Lottery is partnering with Chainlink and ETHDenver for a new contest “to create new Lottery games that will excite and entertain a new, broad and diverse group of Coloradans to engage them in supporting the great outdoors and schools,” a press release says.

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TaxConnex

SEPTEMBER 26, 2023

Examples of states with home rule are Alabama, Louisiana, Illinois, Colorado and Alaska. In Colorado, for instance, establishing state-level nexus means you’ve also established it in each of the home rule cities – yet the tax rules of the latter might not match Colorado state tax rules. Yet again, this can vary.

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TaxConnex

JUNE 9, 2022

Colorado will no longer require remote sellers, “retailers without physical presence or with only incidental physical presence,” to have local licenses in the state’s some 70 home-rule cities. Beginning July 1, Colorado cities cannot charge out-of-state businesses for local licenses. Taking license.

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TaxConnex

JULY 20, 2021

The Tax Foundation goes on to state “In Alaska, Colorado, and Louisiana, this issue is compounded by the additional challenge of divergent tax bases, where different jurisdictions tax different baskets of goods and services.” Colorado has always been one of the more difficult states when it comes to managing sales tax.

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Patriot Software

DECEMBER 12, 2022

Back in 2020, Colorado voted to implement its own Paid Family and Medical Leave Insurance (FAMLI) program. And beginning in 2023, the Colorado paid family leave program takes effect. What does this mean for Colorado employers? State paid family leave (PFL) programs aren’t slowing down anytime soon.

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TaxConnex

JULY 9, 2024

Your system also needs to correctly calculate and account for tax rates at a local level, which can a complication especially in home rule states like Louisiana and Colorado. States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees.

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TaxConnex

APRIL 19, 2022

More recently, governors in Colorado and Florida expressed openness to accepting crypto for paying taxes. Ron DeSantis did stipulate that the option would be mostly for businesses within his state – but Colorado has enacted a law exempting digital tokens from securities laws that govern stocks and bonds and Colorado Gov.

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TaxConnex

SEPTEMBER 5, 2024

Clearly, rules vary state to state and recently have only gotten more complex (even more so in home rule states like Colorado, Alabama, Illinois and Louisana) though in many states stating shipping separately on the invoice excludes shipping from sales tax. Just a two-(lengthy)paragraph sample of how confusing this topic can be.

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Patriot Software

MARCH 1, 2023

One of the newest states to do so is Colorado. Learn the ins and outs of the Colorado paid sick leave law, including […] Read More A number of states have hopped on the paid sick leave bandwagon. In addition to regular sick leave, the state also offers public health emergency leave for time off due to COVID.

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TaxConnex

AUGUST 1, 2024

North Carolina joins South Dakota, California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds ; some states never adopted one.

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CPA Practice

JUNE 24, 2024

Seth Klamann The Denver Post (TNS) A federal judge this week blocked provisions of a new Colorado law that would’ve limited interest rates on certain short-term loans made by out-of-state banks. The Colorado Attorney General’s Office, which defended the law, declined to comment Thursday, citing the ongoing litigation.

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TaxConnex

AUGUST 15, 2024

Colorado is one example of taking not only food but everything that comes with it, at least from any kind of restaurant: utensils, napkins, serving trays, platters, lids and sleeves, covers to plates or platters, straws, toothpicks and so on. unprepared) bagel.

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TaxConnex

APRIL 4, 2024

South Dakota joins California, Colorado, Iowa, Louisiana, Maine, Massachusetts, North Dakota, Washington and Wisconsin in recently eliminating transaction-based nexus thresholds. Thirteen economic-nexus states never had such thresholds.)

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TaxConnex

FEBRUARY 8, 2024

Colorado recently enacted a use tax exemption for construction materials used to build and renovate public schools across the state – and included localities, which can be rare in such a home-rule state which can dozens of smaller tax jurisdictions within it.

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CPA Practice

FEBRUARY 8, 2024

Cleveland-based top 15 accounting firm CBIZ acquired Erickson, Brown & Kloster, a full-service tax, accounting, and business consulting firm located in Colorado Springs, on Feb. Financial terms of the deal weren’t disclosed.

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Accounting Today

FEBRUARY 8, 2024

CBIZ acquires Erickson, Brown & Kloster; Bowers merges in Kasperski Dinan & Rink; Hiline acquires Calculate; and Kruggel Lawton plans to add Cole Gavlas.

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Colorado 100

TaxConnex

NOVEMBER 24, 2020

Notable Colorado home-rule jurisdictions have agreed to participate in the Sales and Use Tax System (SUTS), meaning Colorado taxpayers and those selling into the state may soon face more sales tax collection and filing responsibilities. As of Nov.

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CPA Practice

SEPTEMBER 11, 2024

Taxpayers can now directly file their Colorado state income taxes for free—separately from federal filings—through the Colorado Department of Revenue website.

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TaxConnex

OCTOBER 19, 2022

Still other states (for example Alabama, Colorado, and Louisiana) have home-rule jurisdictions where separate returns may need to be filed at the local level. Other states (for example California) have local taxes that are reported on the state return.

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TaxConnex

JANUARY 16, 2024

This includes whether you’re selling to a business or a consumer (as in Iowa, Maryland and Ohio), unique state sales tax rates (Connecticut), home-rule jurisdictions (Colorado and Illinois), partial exemptions (Texas), to name a few. Many nuances affect sales tax and SaaS in various states.

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TaxConnex

JUNE 11, 2024

Some states, like Colorado , will refund your deposit after you’ve been collecting and remitting for a while. Some states charge nothing to register electronically but do charge for paper registrations (many states also require electronic filing and sales tax remittance, too). Home-rule states’ local jurisdictions may tack on added fees.

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TaxConnex

JUNE 30, 2022

Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma. In addition, most states determine their threshold numbers by gross sales from all revenue sources, whether they’re taxable or not.

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TaxConnex

JUNE 14, 2022

Currently, states with an economic nexus threshold that don’t include gross sales include Alabama, Arkansas, Colorado, Minnesota (though there are special rules concerning “solicitors” in the state) and Oklahoma. In addition, most states determine their threshold numbers by gross sales from all revenue sources, whether they’re taxable or not.

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TaxConnex

JUNE 20, 2023

South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds. As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. Starting Aug.

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Patriot Software

OCTOBER 4, 2022

If you have a business in Colorado that delivers or ships products to customers within the state, you may be responsible for the Colorado delivery fee. What is the Colorado delivery fee? The Colorado delivery fee is an additional fee for deliveries made by […] READ MORE.

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BuildYourFirm

MARCH 26, 2020

in Colorado Springs, did – in his early 30s and without any public accounting experience. Luke is a long-time resident of Colorado with extensive corporate finance and accounting experience. Would you leave a safe and comfortable controller position at a large company to start your own CPA firm? Luke started Gheen & Co.,

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TaxConnex

FEBRUARY 25, 2021

A number of states - including Colorado, Georgia, Pennsylvania and Washington and more - have chosen to offer remote sellers the option of complying with strict use tax notification and reporting requirements rather than registering for sales tax under nexus provisions. Use tax or sales tax is due on a sale, but not both.

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Accounting Today

MARCH 5, 2024

The Public Company Accounting Oversight Board revoked the registration of Gries & Associates and its founder, while imposing a $65,000 fine for violations that led to multiple financial restatements.

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TaxConnex

JANUARY 3, 2023

Note that services may also increasingly create economic nexus in a growing number of states (Colorado might be next). Most states use gross sales, which includes those exempted or excluded sales, when determining economic thresholds.

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TaxConnex

MARCH 22, 2022

Colorado, Mississippi, Nevada, Ohio and Louisiana are among states offering a discount for prompt payment; Arizona gives a better discount for e-filers; Florida and South Carolina offer both. Utah discounts local taxes as well as state. Most tax jurisdictions mandate?on-time?filing?and and full payment of tax due,?among

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TaxConnex

AUGUST 30, 2022

In some states, such as Colorado and even Alaska , home rule statutes might also apply.). For example, Alabama and Arizona consider digital apps TPP, and so clearly taxable. Most states and the District of Columbia tax sales of digital products, usually including apps. (In Apps are specifically mentioned in the sales tax regs of D.C.,

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TaxConnex

JANUARY 11, 2022

And even if you think you’ve got a grip on how a state taxes shipping, watch for local rules in such strong home-rule states as Colorado and Louisiana. Origin and destination sourcing figure big in South Carolina. Believe it or not, this is just a simple overview and these rules change frequently.

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