TaxConnex

MARCH 6, 2025

Youd think that if you eat it, its sales tax treatment would be the same at least similar across different states and given methods of preparation of the food. Pre-packaged food such as canned drinks, bottled beverages, packaged snacks, frozen meals and canned products can also be groceries for purposes of sales tax.

Sales 130

Sales Tax South Dakota Mississippi 130

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.

Sales 264

Sales Tax Rhode Island Kansas 264

TaxConnex

NOVEMBER 5, 2020

If your business has an obligation to collect and remit sales tax, then you know how complex the process can be. Automating part or all of the sales tax process is sometimes necessary to maintain compliance. However, in my experience, sales tax automation can be counterproductive in certain situations. What is the correct rate?

Technology 246

Technology Sales Tax tax return 246

TaxConnex

JANUARY 11, 2022

It’s one of the most important aspects of an online business – and one of the wackiest when trying to determine whether sales tax applies or not. Many states say that when the contents of a shipment are taxable, so is the shipping cost; similarly, when items in a shipment are exempt from sales tax, so is the cost of shipping.

Sales 246

Sales Rhode Island South Dakota North Dakota 246

TaxConnex

MARCH 22, 2022

Collecting and remitting sales tax to states and other tax jurisdictions is time consuming and can be expensive. Somebody can: the states and tax jurisdictions themselves. collection discount to help with the costs of managing sales tax.?If Slightly more than half the states offer various discounts for sales tax filers.

Sales 246

Sales Utah South Carolina Tax 246

TaxConnex

AUGUST 3, 2021

There’s always something changing in the world of tax, especially sales tax. States themselves don’t seem to know yet, according to a recent survey co-sponsored by the Tax Policy Center. Online sales dipped in May, yet sales tax revenues seem to remain robust thanks in part to online sales. Minnesota Gov.

Sales 246

Sales Tax New Mexico Mississippi 246

TaxConnex

DECEMBER 23, 2021

If you and your company haven’t been hit with a sales tax audit yet, congrats. In TaxConnex’s recent market survey more than one in four (26.7%) top finance professionals in a variety of industries report seeing an increase in state sales tax audits in the past two years. Sales Tax Audit Triggers.

audit 244

audit Sales Tax auditor 244

CPA Practice

NOVEMBER 10, 2023

With more than 100 years of experience, The Ohio Society of CPAs represents 85,000 CPAs and accounting professionals who are the strategic financial advisors to Ohio’s leading businesses. However, there has been a slight pickup of pre-CPAs, which has been encouraging. What are the top three objectives for the upcoming year?

Ohio 115

Ohio cpas CPA Non-Profits 115

TaxConnex

JULY 12, 2022

There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its

Sales 246

Sales Tax Oklahoma Illinois 246

TaxConnex

APRIL 19, 2022

Sales tax has a universe of changing conditions. What are the sales tax ramifications? has possibly the most complex sales tax regime. Each state sets its own sales tax rules, often with widely varying approaches. Each state sets its own sales tax rules, often with widely varying approaches. Enter taxes.

Sales 246

Sales Tax Colorado New Jersey 246

TaxConnex

JULY 21, 2022

Understanding economic and physical nexus and the taxability of your products and services goes a long way to ensuring your sales tax compliance. But nothing’s that simple with sales tax. nexus requires remote sellers to collect sales tax because they hit certain thresholds of revenue or sales in states. Off to marketplace.

Sales 246

Sales Tax Pennsylvania Ohio 246

TaxConnex

NOVEMBER 11, 2021

There’s always something changing in the world of tax, especially sales tax. ZIP it: The Streamlined Sales Tax Governing Board has requested input on changing the Streamlined Agreement’s rules on sourcing sales of digital goods when purchasers don’t provide certain address details. State Updates. California Gov.

Sales 49

Sales E-commerce Tax Illinois 49

TaxConnex

JUNE 8, 2021

There’s always something changing in the world of tax, especially sales tax. They were the last two states with a sales tax to set up such requirements.). The bill requires the collection and remittance of sales and compensating use tax by most marketplace facilitators beginning July 1. And 2021 continues to prove that.

Sales 223

Sales Tax Arkansas South Carolina 223

TaxConnex

AUGUST 25, 2022

In a field that changes as fast as sales tax, it’s a necessity. You generally have three options to address your sales tax compliance obligation: try to manage everything in-house; outsource to an experienced provider; or do nothing and roll the dice. This one of the key steps to complying with sales and use tax laws nationwide.

Sales 243

Sales Tax audit Alaska 243

Patriot Software

OCTOBER 14, 2022

If you have an employee in Ohio, you need to include the Ohio school district number on Form W-2. The Ohio Department of Taxation is requiring this change to help reduce the number of reporting errors on individual income tax returns. Form W-2 reporting requirement in Ohio […] READ MORE.

Ohio 97

Ohio income tax tax return Tax 97

PYMNTS

NOVEMBER 26, 2018

Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. The state will eventually open it up to individual tax filers as well. Jerry Brito, director of Coin Center, a Washington, D.C.-based

Ohio 74

Ohio Tax Arizona Georgia 74

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 147

North Carolina Oklahoma Ohio Texas 147

Accounting Today

MAY 21, 2024

The IRS is postponing tax and filing deadlines for storm victims.

Ohio 121

Ohio Tax 121

TaxConnex

JANUARY 26, 2021

Massachusetts has joined the ranks of states that have provisions for accelerated remittance of sales tax. This accelerated remittance timeline won’t apply to businesses with less than $150,000 in sales tax in the preceding calendar year.). Sales tax continues to become more complicated, but you have someone who can help.

Massachusetts 162

Massachusetts Sales Tax Minnesota 162

TaxConnex

SEPTEMBER 7, 2021

Same is true for sales tax – except the word can have different meanings. For example, when it comes to sales tax, do you need to follow “destination-based” or “origin-based” rules? Right to the source “Sourcing” is important when you determine your sales tax obligations. Sourcing refers to the location where a sale is taxed.

Texas 237

Texas Connecticut Real Estate Pennsylvania 237

PYMNTS

JANUARY 3, 2019

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Ohio is the first U.S. state to offer this way of paying for business taxes, noted Overstock in the press release. Ohio is the first U.S.

Ohio 71

Ohio business tax Tax Real Estate 71

TaxConnex

JANUARY 16, 2024

Then you already have one of the most complicated situations in sales tax. Your tax obligation and liability begin with where you have nexus , the connection between your company and a taxing authority or jurisdiction. These questions factor into determining whether sales tax applies.

Iowa 264

Iowa Connecticut Maryland Colorado 264

TaxConnex

MARCH 3, 2022

Understanding the taxability of your company’s products or services is one of the key steps to complying with sales and use tax laws. Services continue to pop up among states’ lawmakers as a potential new source of sales tax revenue. legislation that excludes some payment processing services from tax. Recent developments.

Indiana 246

Indiana Connecticut Nebraska Maryland 246

CPA Practice

AUGUST 26, 2024

It might be time for me to move to Ohio. And I’d save money on takeout if I lived there: While Ohio sales tax generally applies to food sold for consumption in a restaurant, takeout food is sales tax exempt. It’s one of those curious quirks of sales tax law. But let’s stick with Ohio for now.

Ohio 110

Ohio Sales Tax New Hampshire 110

TaxConnex

MAY 17, 2022

“Sourcing” or as we often call it, situsing, is key when you determine sales tax obligations: It refers to the location where a sale is taxed. Most states follow destination-based sourcing rules, where remote sellers must apply the sales tax rules and rates based on the destination of where they are shipping product.

New Mexico 246

New Mexico Texas Illinois Colorado 246

TaxConnex

MAY 23, 2023

Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in New York. If only that was the only complex category concerning sales tax. Diapers and groceries are taxed in Hawaii, Idaho, Utah, Kansas, Missouri, Oklahoma, Arkansas, Tennessee and Alabama, Mississippi and South Dakota.

South Carolina 130

South Carolina South Dakota Sales Montana 130

MyIRSRelief

MAY 24, 2023

The notice will state the amount of tax due, as well as interest and penalties. The notice will also include the following information: The amount of tax due The amount of interest and penalties The due date for payment Instructions on how to pay What do I need to do if I receive an IRS CP14 notice? What is an IRS CP14 notice?

North Carolina 130

North Carolina Oklahoma Ohio Texas 130

TaxConnex

JUNE 27, 2024

There’s always something changing in the world of tax, especially sales tax. Two Penn State University students are using artificial intelligence to automate sales tax refunds for businesses, news reports said. The state assessed tax of more than $600,000 plus interest and $82,000 in penalties on the company, Ecocrete Inc.,

Sales 147

Sales Tax Tennessee Colorado 147

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.”

Sales 147

Sales Tax West Virginia North Dakota 147

Going Concern

AUGUST 28, 2023

On Thursday, August 24, 42-year-old Melissa Dunham was found dead in her Stark County, Ohio home along with her husband Jason, 46, and their three children Renee Dunham, 15, Amber Dunham, 12, and Evan Dunham, 9. Melissa joined BMF in 2005, starting out in audit before transitioning into tax compliance and advisory services.

Ohio 98

Ohio accountant Account accounted 98

TaxConnex

OCTOBER 26, 2023

Sales tax is a major obligation for your business. Sales tax rates and taxability rules differ by state and even locality. Software that has the rates and taxability rules built-in helps make sure you charge the right sales tax with each purchase. Sales tax calculation software does make sense. Applying sales tax.

Technology 147

Technology Sales Tax E-commerce 147

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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payroll tax West Virginia payroll cpas 110

Accounting Today

JULY 19, 2024

You need to be on your toes if you work in sales tax, as states are known to make substantial sales tax policy changes with little to no notice. Vermont, North Carolina, New Jersey and Ohio provide standout examples this summer.

North Carolina 101

North Carolina Vermont Sales New Jersey 101

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’.

Sales 130

Sales West Virginia South Dakota South Carolina 130

TaxConnex

OCTOBER 18, 2022

Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…. Some states (of course) have special sales tax rules for clothing. South Carolina, Ohio and Virginia exempt some protective clothing. Added complication: Clothes are also included in many states’ sales tax holidays.

Rhode Island 130

Rhode Island Sales South Carolina Tax 130

Anders CPA

APRIL 9, 2024

Ohio House Bill 33 has resulted in favorable changes to the Ohio Commercial Activity Tax (CAT), which began on January 1, 2024, that bring big impacts to businesses, retailers and service providers operating in the state. What is the Ohio Commercial Activity Tax?

Ohio 52

Ohio Sales Tax Manufacturing 52

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”.

Rhode Island 130

Rhode Island West Virginia Sales Alaska 130