TaxConnex

MARCH 21, 2024

There’s always something changing in the world of tax, especially sales tax. The Court of Appeals of South Carolina has affirmed a state Administrative Law Court (ALC) finding that the online retail giant remains liable for eight figures in unpaid sales tax on third-party sales from 2016, interest and penalties. The ol’ one-two.

South Carolina 264

South Carolina Sales Tax Alabama 264

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. But this is not always the case.

Sales 262

Sales Tax Washington Technology 262

RogerRossmeisl

JULY 17, 2024

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made sweeping changes. A new political landscape in Washington could also mean other tax law changes.

Tax 228

Tax corporation tax Washington CPA 228

TaxConnex

FEBRUARY 25, 2021

You may think that if you do not have physical or economic tax nexus in a state, you do not have any tax obligations. You can still have obligations to the certain tax authorit ies in a state even where you do not have nexus and are not required to collect and remit sales tax in the state. The reason?

Rhode Island 235

Rhode Island Tax Colorado Georgia 235

TaxConnex

DECEMBER 28, 2023

The new year will no doubt be another active one in sales tax. Weaker state revenue The kind of year it’s going to be for state coffers could greatly influence such future sales tax trends as new levies, tougher nexus thresholds and intensifying audits. Overall, state tax revenues dropped 5.3%. If so, watch out for 2024.

South Dakota 264

South Dakota Sales Tax Louisiana 264

TaxConnex

AUGUST 30, 2022

Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps. What about the sales tax?

Sales 246

Sales Tax Wisconsin Massachusetts 246

TaxConnex

MAY 10, 2022

There’s always something changing in the world of tax, especially sales tax. Florida sales tax exemptions on hurricane-preparedness items may soon encompass purchases of pet food, thanks to the lobbying of a local Girl Scout troop. TaxConnex provides services to become your outsourced sales tax department. 41 WTD 118 ?(originally

Sales 242

Sales Mississippi Tax Non-Profits 242

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

MAY 6, 2021

There’s always something changing in the world of tax, especially sales tax. In the trendiest sales tax news (aside, of course, from Florida finally passing economic nexus legislation), Connecticut lawmakers have proposed a digital advertising services tax similar, experts say, to one recently enacted in Maryland.

Sales 246

Sales North Carolina Tax Maryland 246

CPA Practice

JANUARY 16, 2024

Washington , the lawsuit challenging Washington’s capital gains tax. The Legislature passed the tax in 2021 and payments first came due in April 2023. It’s a 7% tax on profits gained from the sale or exchange of stocks, bonds and other investments or tangible assets above $250,000. ©2024 The Seattle Times.

Washington 111

Washington Tax Sales 111

RogerRossmeisl

SEPTEMBER 14, 2023

The post IRS Orders Immediate Stop to New Employee Retention Tax Credit Processing appeared first on Roger Rossmeisl, CPA.

Tax 215

Tax Washington CPA business tax 215

CPA Practice

JULY 31, 2024

Washington could be on its way to becoming the third state in the nation with a retail delivery fee, following the route paved by Colorado and Minnesota. So, what would a Washington retail delivery fee look like? A retail delivery fee is not a tax but functions much like one. Why would Washington create a retail delivery fee?

Washington 111

Washington Retail Minnesota Colorado 111

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

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

Accounting Today

OCTOBER 1, 2024

Without an income tax, Washington has one of the most regressive tax systems in the U.S.

Washington 89

Washington Tax income tax 89

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

JULY 15, 2021

There’s always something changing in the world of tax, especially sales tax. 1, 2022, though, all retailers must apply the destination sourcing rules when calculating, collecting and remitting state sales tax. Marketplace sellers that properly remitted tax can file a claim for credit. As of Feb.

Sales 219

Sales Tax Louisiana North Carolina 219

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

TaxConnex

JULY 15, 2022

Several recent court cases show how tricky the legal system can be for online sellers managing sales tax obligations. The Washington Department of Revenue upheld a retail sales tax assessment on a taxpayer who failed to collect retail sales tax on sales to a renewable energy company. The Wisconsin Tax Appeals Commission?has

Wisconsin 240

Wisconsin Louisiana Washington Arizona 240

TaxConnex

FEBRUARY 3, 2022

Sales tax has evolved a lot in recent years. So has the sales tax audit. Examiners can still show up and go over your books in person, and tax agencies will still send audit notices via snail mail. Many events can ignite a sales tax audit. And why not? What if you get flagged? Are they happening more often?

audit 245

audit Sales Tax auditor 245

TaxConnex

OCTOBER 29, 2020

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers. So you might think you have nothing to worry about from a sales and use tax perspective. There are exceptions though.

Construction 189

Construction Sales Tax South Dakota 189

Withum

FEBRUARY 16, 2024

Withum is proud to share that Scott Reddersen was named to the Washington Business Journal 40 Under 40 List for 2024. Scott has over 15 years of experience and specializes in tax compliance and planning for high-net-worth individuals. Read the Washington Business Journal’ s complete list of honorees.

Washington 111

Washington North Carolina Education tax services 111

CPA Practice

FEBRUARY 29, 2024

The Internal Revenue Service has given tax relief for individuals and businesses in parts of Washington state affected by wildfires that began on Aug. These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments. 15, 2023, and Jan. 31, 2023, and Jan.

Washington 98

Washington tax return Tax income tax 98

TaxConnex

MARCH 18, 2021

Wayfair created enormous changes for businesses making remote sales into the states related to sales tax. Could Wayfair have also impacted the way you manage your state income tax obligations? Sales Tax Perspective. Sales tax nexus can be physical or economic – or both. Sales Tax Implications of Wayfair.

income tax 165

income tax South Dakota Sales Tax 165

TaxConnex

JANUARY 30, 2025

AI and automation are all the rage, but does it have a place in your sales tax compliance process? Businesses need a way to calculate the correct sales tax to charge in states where they have a sales tax obligation, and for this, automation can be a great solution. If so, where?

Sales 147

Sales Tax E-commerce Ohio 147

TaxConnex

APRIL 4, 2024

Now, almost six years after the landmark Wayfair case ignited sales tax obligations for more remote sellers, one of those numbers might be falling out of favor. Since the Supreme Court’s decision in 2018, almost all states with economic nexus opted to have dollar volume of sales as one trigger for sales tax obligations.

South Dakota 264

South Dakota North Dakota Wisconsin Iowa 264

TaxConnex

AUGUST 22, 2024

There’s always something changing in the world of tax, especially sales tax. The state of Washington is inching toward instituting a retail delivery fee. Two states have changed their sourcing rules for the application of sales tax obligations. Two-thirds of the tax would help reduce property tax.

Sales 147

Sales Tennessee Illinois Tax 147

TaxConnex

JANUARY 2, 2025

Every new year brings a ton of developments in all varieties of tax. Sales tax driven by burgeoning eCommerce, dynamic kinds of nexus and a steam of new tech and products that jurisdictions see as lush sources of revenue again has more than its share of trends on tap for 2025. More tax in more states. Heres a look at a few.

Sales 147

Sales Tax South Dakota North Dakota 147

TaxConnex

JULY 6, 2021

Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. Mike Parson has signed SB153 (combined with SB97) into law, allowing Missouri and local jurisdictions to collect use tax and, proponents say, help protect local brick-and-mortar businesses.?. 44 other states and Washington D.C.,

Missouri 246

Missouri South Dakota E-commerce Florida 246

TaxConnex

JUNE 13, 2024

It seems like yesterday when only physical nexus ignited a company’s sales tax obligations in a state. Evolution of sales tax obligations “Nexus” means a company has a connection to a tax jurisdiction sufficient to allow that jurisdiction to make the company adhere to sales tax rules. How and why did this come about?

South Dakota 264

South Dakota North Dakota Massachusetts E-commerce 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. Customization and Implementation.

Technology 147

Technology Sales Tax South Dakota 147

RogerRossmeisl

MAY 5, 2022

One reason might be tax law changes that raise tax rates. There have been discussions in Washington about raising the corporate federal income tax rate from its current flat 21%. There have also been discussions in Washington about raising individual federal income tax rates.

income tax 188

income tax Washington CPA Tax 188

CPA Practice

OCTOBER 7, 2024

4—Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by summer wildfires that began June 22. 3, 2025, to file various federal individual and business tax returns and make tax payments, according to a news release from the IRS. By Tammy Ayer Yakima Herald-Republic, Wash.

Washington 97

Washington Tax tax return payroll 97

CPA Practice

MAY 30, 2023

The AICPA has a long history of advocating for and supporting legislation to benefit taxpayers and their advisors and improve tax administration,” said AICPA President and CEO Barry Melancon, CPA, CGMA. This resolution would promote greater transparency on the information included in the federal government’s financial report.

cpas 115

cpas Washington Tax Account 115

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

TaxConnex

SEPTEMBER 7, 2023

Nonprofits are often thought to be exempt from sales taxes, but is that correct? Other stats say more than 2 million charities exist that are tax-exempt according to Internal Revenue Service rules. Are non-profits exempt from sales tax obligations? These same organizations are not necessarily exempt from sales tax.

Sales 147

Sales Tax Non-Profits North Carolina 147