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Multi-channel selling sales tax: Direct/retail sales

TaxConnex

One relatively new development is the complex overlay of sales tax on these transactions. Add internet sales to the mix and you’ve got sales tax obligations sprouting up these days more than ever. About half managed sales tax compliance completely internally and about a third managed it with technology and some internal personnel.).

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When do I have to start collecting out of state sales tax? Part 1

TaxConnex

Sales tax obligations are among them. Only now are federal lawmakers beginning to wonder if the current sales tax landscape overburdens online businesses. In the meantime, your business may have to start collecting and remitting states’ sales tax – with severe penalties if you don’t. South Dakota v. Wayfair, Inc.

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5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

TaxConnex

You’re trying to run a business and sales tax is not at the forefront of your plans. Make sure you aren’t making these common mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit. SaaS), you deal with one of the most complex sales tax situations today.

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Sales Tax Issues for Online Retailers

Withum

It is no surprise that states are seeing significant growth in sales tax revenue, a trend fueled by changes in consumer spending during the pandemic. The third reason for higher sales tax revenue was the Wayfair decision in which the Supreme Court expanded the physical nexus requirement to include economic nexus (e.g., 2080 (2018).

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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Friday Footnotes: The Number of Professionals at Each of the Biggest Firms; PwC Uses Big Words; AI, AI, AI | 6.28.24

Going Concern

The Audit & Assurance division added 7 new partners, while Consulting added 21 partners across areas including Technology, Transformation, Customer & Operations and Risk Services units. Talent Attn: Accounting employers. EY ] Globally, in the first half (H1) of 2024, there were 551 listings raising US$52.2b