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…

201808.31
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Texas Tax Exempt Organizations: Criteria and the Application Process.

TEXAS: Over the next few blogs we will take look at Sales to and Purchases by Tax Exempt Organizations. For an organization to be granted exemption from paying state sales taxes, there is criteria that must be met. The parent organization must recognize the organization as a subordinate under the group exemption. The group exemption…

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…

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…

201606.08
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Reminder: Speaker Series: Professional Forum Lunch & Learn

Overview: Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts your sales/use tax outlook? · Starting a new division of your business? · Launching a new product or service line? · Expanding your business into a new territory? · Attending…

201606.06
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Reminder: Speaker Series: Professional Forum Lunch & Learn

Overview: Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts your sales/use tax outlook? · Starting a new division of your business? · Launching a new product or service line? · Expanding your business into a new territory? · Attending…

201606.01
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Speaker Series: Professional Forum Lunch & Learn

Overview: Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts your sales/use tax outlook? · Starting a new division of your business? · Launching a new product or service line? · Expanding your business into a new territory? · Attending…

201605.17
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Event: Frost Bank – Sales Tax Presentation

Sales tax is often not on the top of a company’s list of priorities. Making earnings projections, payroll, and IRS deadlines loom heavy on the minds of many CFOs and controllers. Sales tax is many times an afterthought, an accrual account on their balance sheet, or not even a thought at all. Often times, a…

201605.12
0

Event: Frost Bank – Sales Tax Presentation

Sales tax is often not on the top of a company’s list of priorities. Making earnings projections, payroll, and IRS deadlines loom heavy on the minds of many CFOs and controllers. Sales tax is many times an afterthought, an accrual account on their balance sheet, or not even a thought at all. Often times, a…