201810.15
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Texas Tax Exempt Organizations: Collecting Sales Tax and One Day Tax-Free Sales

In our last blog we discussed the rules regarding tax exempt purchases by and to tax exempt organizations. When it come to collecting sales tax, tax exempt organizations are required to collect and remit sales tax for all taxable items sold. A sales tax exemption is for purchases and does not cover sales. As with…

201809.13
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Texas Tax Exempt Organizations: Purchases and Sales

TEXAS: Navigating through the tax-exempt organization landscape can be confusing and daunting. Over the next few blogs we will look at different aspects of the tax-exempt scenario. This segment will focus on purchases and sales by tax exempt organizations. Tax-Exempt Purchases: Organizations that have been granted tax exemption will receive a letter of sales tax…

201708.23
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Multistate Online Sellers Voluntary Disclosure

Multistate – The Multistate Tax Commission and the National Nexus Program is offering a special limited-time voluntary disclosure initiative, in which the following states are participating: Alabama Arkansas Colorado Connecticut Florida Idaho Iowa Kansas Kentucky Louisiana Nebraska New Jersey Oklahoma South Dakota Texas Utah Vermont Wisconsin The states listed above will consider applications for voluntary…

201704.19
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Florida Made Exemption Permanent for Manufacturing Machinery and Equipment

Florida – The Florida sales and use tax exemption for industrial machinery and equipment previously scheduled to expire on April 30, 2017, has become permanent. Effective July 1, 2016, the exemption for machinery and equipment was expanded to include: Recycling industries classified under code 423930 of the North American Industry Classification System (NAICS) (2007) and…

Voluminous 2016 Sales Tax Law Changes Burdens Businesses and Challenges Compliance
201703.15
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Voluminous 2016 Sales Tax Law Changes Burdens Businesses and Challenges Compliance

State legislatures were busy in 2016 making changes to sales and use taxes. There were 556 sales and use tax changes at the state, local and county level, based on the annual Sales Tax Rate Report per Vertex, Inc. California lowered its rate from 6.5 to 6.25 percent; however, taxpayers saw no change in their…

201702.08
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Pennsylvania Statutory Amnesty

Pennsylvania – From April 21 through August 17, the Pennsylvania Department of Revenue Tax will waive all penalties, collection and lien fees and one-half of the interest due for businesses that file delinquent tax reports and pay all taxes due, or amend reports that underreported taxes and pay the taxes due. Reports originally due to…

201611.16
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5 Things You (Probably) Never Knew About Sales Tax!

Multi-State – Sales tax requires compliance throughout the year. This necessitates corporations, small business, and entrepreneurs to maintain massive amounts of documentation to ensure compliance with sales tax rules constantly. With that in mind, we came up with a quick list of a few facts that you may not already know. Click the slider to…

201611.09
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Tricks and Traps States Use To Get Their Sales Tax Revenue

It’s no secret that states are struggling to earn revenue and to fill their coffers. Due to the current economic crunch states have become quite savvy in finding non-compliant taxpayers who have not registered to collect and remit sales tax. In our business we have heard and seen it all. We always cringe when a…

201611.02
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Engaged in Business in California? Use Tax Owed

CALIFORNIA:  Numerous use tax bulletins are being updated by the California State Board of Equalization.  This is so that taxpayers understand what triggers a use tax obligation. A business is engaged in business in California and required to remit use tax if any of the following apply. Physical Business:  You, a subsidiary or agent directly…