Maryland – The state of Maryland has passed legislation that would impose a tax on a specifies digital products and codes effective July 1, 2020 The bill, which passed both houses of the Maryland General Assembly last week, has been sent to the governor. Retail Sale Would Include Digital Products “Digital products” are delivered electronically…
Texas Comptroller Glenn Hegar announced April 14, 2020, that the Emergency Preparation Supply Sales Tax Holiday is still on. This holiday allows Texans to purchase certain emergency preparation supplies tax-free during the sales tax holiday. This year’s holiday begins at 12:01 am on Saturday and ends at 12:01 am on Monday, April 27. For additional…
March 18, 2020 – ADOR, Alabama, Department of Revenue waived late penalties for sales and use tax for certain small businesses affected by COVID -19. Businesses that earned less than $62,500 in retail sales for the previous calendar year may file their monthly sales tax returns for February, March, and April 2020 without paying the…
CALIFORNIA: Gov. Gavin Newsom on Thursday called for letting small businesses keep up to $50,000 in sales tax receipts for the next 12 months as the pandemic has forced many businesses to close their doors. “No fines, no penalties will be attached, where they can take upwards of $50,000 as a loan and not have…
NATIONAL – Due to the impact of the COVID-19 Virus on businesses, many states have had to implement new state tax filing guidelines for individual and business tax filers. New York state, which is currently under a Statewide Shelter in Place waived penalties for late filing, late payment, and underpayment penalties for business and excise…
TEXAS: The following remedies have been set forth by the Texas State Comptroller’s Office to address COVID-19: We’re thankful to those businesses that were able to remit state and local sales taxes they collected from customers in February on the March 20, 2020, due date. We understand that virtually all of our taxpayers are doing…
How we’re responding to COVID-19 At Davis Davis & Harmon LLC, we consider the safety and well-being of our clients and team members to be paramount. Our service and leadership teams have been closely monitoring the global spread of COVID-19 and have been making proactive adjustments to our operations in order to ensure the continued…
NATIONAL – Businesses are currently grappling with so many issues surrounding COVID19. During these uncertain times, Davis Davis & Harmon LLC will share resources and information to help small businesses. First and foremost, it’s crucial to implement a business continuity plan for the weeks and months ahead. Emergency planning is critical if you are managing…
Multistate – Almost two years after the Supreme Court’s Wayfair decision, most companies know by now that states can require remote sellers with no physical presence to collect sales tax. The taxability of specific items and sales tax exemptions vary by state, so many companies are struggling to determine which items to collect tax on and…
Chanel Christoff Davis, CEO of Davis Davis & Harmon LLC, will be one of the guest speakers at this year’s PowHER Moves Women’s Conference on January 25, 2020. PowHER Moves Women’s Conference designed to inspire women to curate their best career life. PowHER Moves is a one-day, interactive summit where each year, we convene a…
