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…
Out-of-State Dealers operating in Tennessee should register by March 1, 2017, and begin collecting Sales Tax by July 1, 2017. This rule was effective January 1, 2017, and provides that out-of-state dealers with no physical presence in Tennessee who engage in regular solicitation of consumers in Tennessee and who make sales exceeding $500,000 to consumers…
Davis & Davis LLC is hosting their 7th annual Suit Drive benefiting Metrocrest Services from May 1st to May 31st. We are pleased to add two new drop off location partners- GS Wealth Management and Palter Stokely Sims, PLLC. Drop-off your gently used business suits, ties, separates, shoes, purses, and other accessories at our office and we…
Wyoming – More states move to amend sales tax remittance requirements for out of state sellers. Effective July 1, 2017 a seller without a physical presence in Wyoming must remit Wyoming sales tax on its sales of tangible personal property, admissions, or services delivered into Wyoming once the seller meets either of the following requirements…
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…
Davis & Davis is thrilled to be a Silver Sponsor for Convergence 2017. Convergence 2017 is the annual premier educational event for the North Texas Financial Community hosted by the Dallas CPA Society. It will be held on Friday, May 12, 2017, at the InterContinental Dallas Hotel. Registered attendees will receive 8 hours of CPE…
Louisiana’s state’s sales tax increased from four pennies to five pennies per dollar April 2016. According to the Tax Foundation, a nonprofit tax policy research organization, the combined average state and local sales tax businesses collect in Louisiana is 9.99%. That easily secures Louisiana at the top spot in the nation for highest average sales…
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…
Starting today, the retail giant Amazon.com will begin collecting sales tax on its sales in South Dakota. This change was brought on by South Dakota’s newly enacted economic nexus legislation Senate Bill 106 requiring certain out-of-state businesses without a physical presence in the state to collect and remit tax on South Dakota transactions. This is…
MULTI-STATE- Making extra money by renting out a spare bedroom or an entire home has gotten increasingly easier, thanks to online listing services such as Airbnb and Homeaway. The increase in popularity of such services has given rise to unforeseen tax liabilities and consequences. Homeowners are often unaware that they must collect and remit hotel…
