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Sales Tax Obligations for Manufacturers and Wholesalers, Part 1: Resale Certificates and Exemptions

TaxConnex

Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of sales tax-exempt transactions. Businesses don’t always fit into a “box” as being only a manufacturer, or only a distributor. Many times, a manufacturer is also a distributor. Manufacturers.

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Sales Tax Obligations for Manufacturers and Wholesalers, Part 2: Monitoring Nexus Thresholds on Sales From Your Own Website

TaxConnex

Wholesalers and manufacturers/distributors have some big advantages regarding sales tax compliance – but they can also have hidden obligations. Sales made through your own website will be subject to sales tax once you’ve established nexus. you are required to collect sales tax from customers based in those locations.

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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. The five-letter acronym stands for the states without a statewide sales tax – New Hampshire, Oregon, Montana, Alaska and Delaware – and two of those states might be leaving the group sooner than later. billion-plus from a 4% sales tax in FY25.

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Pitfalls of Sales Tax for the Manufacturing Industry

TaxConnex

Manufacturing” for sales tax purposes is often d efined as a physical application of materials and labor to change the characteristics of tangible personal property. E very state has nuances on how sales tax applies to the manufa cturing process and the various equipment and materials that are used and consumed. Not so easy.

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Sales tax and real property improvement services (part 1)

TaxConnex

A new construction project, a renovation or expansion of a property, ongoing management of a property: All these and more can come with a ton of sales tax nuances. Particularly for those construction companies with projects beyond the borders of their home state, where they may have done well with sales tax compliance for many years.

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Autumn Budget 2024 Commentary: Manufacturing

Menzies

7 Key Pillars The government has unveiled 7 key pillars to its growth mission, the most relevant of which for manufacturers are expected to be: Investment, Infrastructure and Planning – higher public and private investment in infrastructure is likely to create opportunities in the manufacturing sector.

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Sales tax industry of the month: Manufacturers

TaxConnex

When it comes to sales tax, “manufacturing” is often defined as a physical application of materials and labor to change the characteristics of tangible personal property (TPP). Seems clear, but what about your tax obligations and exemptions? Different states can treat consumables differently for sales tax purposes.