Texas – State sales tax revenue was up 9.5% compared to January 2011 announced Susan Combs, Texas Comptroller. “Sales tax revenue continues to grow in almost all major economic categories and revenue has now increased for 22 consecutive months. The recent monthly increase was led by the oil and natural gas-related sectors. Restaurant and services…
Tennessee – According to the Tax Foundation, Tennessee has the highest combined state and local sales tax rate of any state. The relatively high sales rate puts retailers in border towns at a competitive disadvantage and disproportionately hurts the poor who spend more of their income on purchases. Supporters of the tax system insist it…
California – More than 20,600 retail businesses in 22 different zip codes will be receiving letters notifying them of upcoming visits by Board of Equalization specialists. Here is a list of zip codes where the businesses receiving letters are located. • 90603, Whittier • 91344, Granada Hills • 91316, Encino • 91765, Diamond Bar •…
Wyoming – A new law took effect on January 1, allowing businesses collecting sales tax to keep up to 1.95% of that tax each month. Businesses must file by the 15th of each month to qualify for the money. The Department of Revenue has sent information to those businesses collecting sales and use tax that…
Nationwide – This Valentine’s Day, consumers are set to spoil their loved ones in a big way. The average person celebrating the holiday will spend $126.03, up 8.5 percent from last years and the highest in a 10-year history, according to the National Retail Federation’s 2012 Valentine’s Day Consumer Intentions and Actions survey. NRF President…
Maryland – On Monday, Governor Martin O’Malley wants to raise the state’s gasoline tax by applying Maryland’s 6% sales tax to each gallon of gasoline. His plan has a 2% per year phase-in of the tax at the wholesale level. The sales tax would rise or fall with gasoline prices. O’Malley plans to send a…
Colorado – You can now register online at https://www.colorado.gov/apps/jboss/cbe/ for a sales tax or withholding account license. Your state tax license and account number will be issued immediately and you can pay necessary fees without having to stand in line. zp8497586rq
3 simple tips on preparing for an audit: ORGANIZE RECORDS. You may have underpayed or overpayed sales tax. Having your records (sales/use tax returns, federal returns, sales tax transactions, etc) organized and easily accessible will help in supporting transactions. DON’T RUSH AUDIT PROCESS. It can be time consuming because the auditor will do a thorough…
New Hampshire – A consumer alert has been issued to residents and those doing business in this state by Attorney General Michael Delaney and Kevin Clougherty, Department of Revenue Commissioner, in regards to a fraudulent internet website attempting to scam New Hampshire residents into purchasing New Hampshire Retail Sales Tax Certificates and falsely and deceptively…
California – Sales of many seasonal items are taxable, such as Christmas trees and firewood. Purchases of many holiday items are taxable even when purchased from an out-of-state retailer, ex. holiday cards and books. California must pay “use tax” that is due on purchases they make from out-of-state retailers online who do not assess sales…
