TaxConnex

AUGUST 24, 2023

Sales tax automation has come a long way since the Quill vs. North Dakota case in 1992. Now, even the smallest multi-state businesses and startups have access to sales tax automation options that lower costs and ease the burden of compliance. Sales tax automation and technology fall short in these areas.

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Sales North Dakota Tax Technology 246

TaxConnex

SEPTEMBER 17, 2024

Getting the right sales tax on your invoice is a pivotal step in managing your sales and use tax obligation. Sales and use tax is a tax imposed on the use or consumption of a product or service and meant to be paid by the end consumer. Do you have a sales tax obligation? Unfortunately, this is easier said than done.

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Sales Tax Technology tax return 264

CPA Practice

NOVEMBER 8, 2024

The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x. Watch the video, or listen to the audio podcast below (transcript below): Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) They are venture backed.

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Technology accounted Account accountant 115

TaxConnex

JULY 22, 2021

For most businesses, sales tax is not a top priority. Understanding the various aspects of your sales tax process is critical to minimize your risk and to keep your business on solid ground as it relates to sales tax. Clearly, sales tax calculation is only one piece of the puzzle. Let’s examine both sides. What’s next?

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Sales Technology Tax audit 246

TaxConnex

OCTOBER 26, 2023

Sales tax is a major obligation for your business. As with most such obligations, you probably ask, “Can automation help me?” 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.

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Technology Sales Tax E-commerce 147

TaxConnex

FEBRUARY 6, 2024

Sales tax is not something top of mind for most executives, but it is something that the majority of businesses will have to manage at some level. No matter the size of your business, if you are selling a taxable product or service and establish nexus in specific states or jurisdictions, then you have a sales tax obligation.

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Sales Tax Technology auditor 264

TaxConnex

NOVEMBER 12, 2020

Technology companies, and specifically software companies, have always had challenges related to managing sales tax. But with the proliferation of Software-as-a-Service (SaaS) as a delivery mechanism and Wayfair, the sales tax landscape has become exponentially more complex. Sales Tax Nexus.

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Technology Sales Tax South Dakota 147

TaxConnex

JANUARY 23, 2024

Sales and use tax generally applies to the sale or use of tangible personal property and certain services. Since software, and especially Software-as-a-Service, may not be delivered in a tangible form, many technology and software companies have considered themselves exempt from sales and use tax.

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Sales Tax Washington Technology 262

TaxConnex

FEBRUARY 22, 2022

If your business sells software or software-as-a-service (SaaS), you deal with one of the most complex sales tax situations, potentially without even realizing it. Your sales tax obligation and liability begin with where you have nexus , a connection between your company and a taxing authority or jurisdiction. That’s still a lot.

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Sales Tax North Carolina Mississippi 246

TaxConnex

FEBRUARY 27, 2024

Your sales tax obligations depend on knowledge and that knowledge often resides in a professional tax specialist (usually an accountant) who helps your company meet its sales tax obligations. This is a complicated time for sales tax obligations – and a terrible time to try to hire an accountant. How to fill the need?

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Sales Tax accounted Account 264

TaxConnex

NOVEMBER 14, 2023

A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea. Part of your decision in this case rests with how long you’ve had sales tax exposure.

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Sales Tax Connecticut Colorado 262

TaxConnex

MARCH 12, 2024

Since the first adding machine showed up on counters to help shopkeepers tack on the correct sales tax, automation has been part of compliance. Good thing, too, as sales tax has evolved beyond a static percentage to involve thousands of tax jurisdictions and ever-changing calculations. But does the new automation always keep up?

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E-commerce Technology tax return Sales 264

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. Wholesale sales or sales of exempt goods are not subject to the fee. For retailers that can’t include the?required

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Sales Tax Oklahoma Illinois 246

TaxConnex

SEPTEMBER 15, 2020

Sales tax is complicated. Many sales tax companies will tell you it’s simple with their solution, but when you take a look at all that goes in to compliance – you will understand that no technology can fully automate or manage sales tax without a good bit of project management from your side. Determine Nexus.

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Sales Tax tax consultant cpa firm 246

CPA Practice

NOVEMBER 1, 2024

Watch the video, or listen to the audio podcast below (transcript below): Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab, sponsored by CPA practice advisor. It will look for duplicates.

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Technology accounted Account accountant 111

TaxConnex

JULY 26, 2022

Partnerships, just like your sales tax obligations, evolve over time. Sales tax is not a set it and forget it task, so if you’ve handed things off and aren’t sure how things are going, it may be time for a check-up with your provider. Has your boss contacted you about a sales tax issue? Too Much Time Spent on Oversight?.

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Sales Tax tax return Technology 246

Accounting Seed

JANUARY 9, 2025

The accounting landscape continues to evolve at a rapid pace with emerging technologies, shifting workforce dynamics, and new operational demandsall of which impact the way accounting teams operate, and businesses achieve growth goals. ” Today, CFOs are no longer working in silos or scrambling to provide retroactive financial reports.

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Technology accounted Account accountant 98

TaxConnex

APRIL 6, 2023

The 2018 Supreme Court Wayfair decision gave us a bright line standard for determining sales tax nexus: Generate a set amount of revenue in a state in a set amount of time and your company has to collect and remit the applicable sales tax. revenues of at least $10 million and more than a third [35%] of tech companies had annual U.S.

Technology 130

Technology Sales Tax tax return 130

TaxConnex

JANUARY 7, 2021

If you were to read our 5 Steps to Sales Tax Compliance, or any guide on maintaining sales tax compliance, understanding the taxability of your products and/or services would be one of the first steps. All of those questions are relevant when determining whether sales tax applies in a certain state. So not taxable, right?

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North Carolina Technology Nebraska Alaska 246

CPA Practice

DECEMBER 6, 2024

Watch the video, or listen to the audio podcast below (transcript below): Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Randy Johnston 00:10 welcome to the accounting Technology Lab. I mean, I knew the people, but I didnt know the product.

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Technology accounted Account accountant 98

CPA Practice

NOVEMBER 27, 2024

These statistics highlight an undeniable reality: delivering outstanding CX is not optional—it is a strategic imperative, even in specialized sectors like tax technology. Retailers expect to have instant, accurate tax calculations at the point of sale to meet customer expectations for seamless transactions.

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Tax Technology Retail audit 116

Xero

FEBRUARY 3, 2025

As John Egan, CEO of L’Atelier, once noted, the bigger challenge to prediction isn’t forecasting technological change, but understanding societal change. Nor can we fly around in high-tech metal suits. Yet we are seeing faster digital payments, and automated e-invoicing.

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Technology Retail Sales Tax 66

CPA Practice

NOVEMBER 11, 2024

This webinar will be held on Tuesday, December 3, 2024 at 1:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now We’ll demonstrate how automation integrates with popular accounting platforms to save time, reduce risk, and enhance efficiency. We live and breathe sales tax and license compliance. Plus, earn free CPE credit!

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Tax Indiana Technology CPA 116

CPA Practice

JANUARY 17, 2023

Eide Bailly sees risk awareness driving growth in sales tax automation. Sales taxes continue to be one of the most dynamic and risk prone areas of business operations, particularly since so many businesses are still not fully aware of their compliance requirements. Nearly five years following the U.S. Wayfair, Inc.,

Technology 98

Technology Sales Tax South Dakota 98

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. Sales tax isn’t included in the advertised price quoted to consumers in the United States. Fun’ with refunds.

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Sales Tax Tennessee Colorado 147

TaxConnex

OCTOBER 8, 2020

What’s an IP address and how can it influence your company’s need to collect and remit sales tax to states? When your customers access your website and make purchases, the customer is often providing a billing and/or shipping address which can be used to determine where sales tax applies. Tech on the forefront. Stay tuned.

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Sales Texas Tax Nevada 147

ThomsonReuters

APRIL 8, 2025

Highlights: Continuous Transaction Controls (CTC) mandates Business automation and CTC compliance Consequences of non-compliance and future readiness In the ever-evolving landscape of global commerce, Continuous Transaction Controls (CTCs) have emerged as a pivotal element in ensuring compliance and enhancing business automation.

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Technology E-commerce AP Processes Tax 52

Shay CPA

MARCH 26, 2025

If you dont, your tech company could come back to haunt you. To ensure your tech company doesnt cause issues in your future, follow these steps. #1: your own technology or a unique intellectual property), you might be able to find an interested buyer. The post Shutting Down Your Tech Company? Thats why were here.

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Technology Legal Real Estate Tax 52

TaxConnex

OCTOBER 1, 2024

Information technology companies face a special challenge in sales tax and regulatory compliance, chiefly because of what you sell and how you sell it. Your company probably fits into at least one of these categories – or more than one, which is where sales tax obligations and regulatory compliance can get complicated.

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Technology Tax Sales 147

CPA Practice

MAY 15, 2024

The technologies used in professional accounting firms continue to evolve and shape how practices function, from client service, to staffing issues, and overall management and growth. And following dire budget conditions during and following the pandemic, states have greatly increased their sales tax audit activity.

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Technology accounting firms cpas accounted 119

TaxConnex

MAY 4, 2023

Many tech companies consider themselves service providers, exempt from sales and use tax. Most technology and software companies don’t need to track the IP address because a customer provides a physical address. How useful is that in some states, where sales tax can vary by city, town – even by neighborhood? “We

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Sales Tax Maryland Technology 130

TaxConnex

OCTOBER 4, 2022

So you’ve done the smart thing and determined that your company has sales tax obligations in various states. Now you must collect, file, and remit sales tax in multiple states. You then need to create a billing process to apply tax to your invoice, manage your sales tax-exemption certificates and prepare and file sales tax returns.

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Sales Tax tax return Colorado 130

TaxConnex

JANUARY 16, 2024

Then you already have one of the most complicated situations in sales tax. Sales tax nexus was once defined only as a substantial physical presence, but for nearly six years – ever since the Supreme Court’s Wayfair ruling in 2018 – sales tax nexus can also be defined as an economic presence by just selling enough into a state.

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Iowa Connecticut Maryland Colorado 264

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. California, Idaho and Tennessee exempt only clothing sales for some nonprofits, for example. Furthermore, what is “software” these days?

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Sales Rhode Island South Carolina Tax 130

Accounting Seed

NOVEMBER 15, 2024

Though 98% of CFOs have invested in digitization and automation, most report that less than a quarter of their processes are automated—unnecessarily slowing the generation of crucial reports. The push for better solutions continues to rise, with 58% of CFOs increasing their technology investments compared to last year.

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Technology accounting and finance general ledger NetSuite 59

TaxConnex

APRIL 5, 2022

Tangible personal property has historically been subject to the collection and remittance of sales tax while many services have been non-taxable (or exempt). SaaS), you deal with one of the most complex sales tax situations today. Many businesses assume that sales tax doesn’t apply to software or to SaaS. If your business sells?software

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North Carolina New York Connecticut Colorado 241

ThomsonReuters

JULY 25, 2023

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be.

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Technology Tax Sales audit 93