As the calendar year winds down, businesses face a critical window to address sales tax compliance issues before they become 2026 problems. Whether you’re a growing e-commerce business or a multi-state retailer, year-end is the ideal time to audit your sales tax processes and prepare for a clean start to the new year. Neglecting year-end…
Questions About Applications of Sales and Use Tax for Your Business? Even if you are not selling tangible personal property, you may be providing a taxable service on which you should be collecting sales tax. We can provide you with the answers to these questions. SOURCE
ALABAMA: A convenience store operator was assessed properly under the Alabama sales and use tax law on its retail sales. The taxpayer failed to maintain adequate books and records and didn’t correctly report its sales. The taxpayer did not provide thorough information about its purchases, and, as a result, the Alabama Department of Revenue determined…
MICHIGAN: A marine vessel management business (taxpayer) was properly subject to Michigan sales and use tax on its purchase of materials used to maintain and operate tug barges because the taxpayer had the ownership over the material. Generally, the use, storage, or consumption of tangible personal property in Michigan is subject to tax. Further, use…
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…
Tax returns for income tax are required to be filed only once a year, whereas sales tax requires compliance throughout the year. This necessitates corporations, small business, and entrepreneurs to maintain documentation to ensure compliance with sales tax rules constantly. After this discussion, you will be able to walk away equipped with knowledge of how…
Multi-state – Netflix is a new platform that has revolutionized the way we watch movies and consume media. In addition to Netflix, consumers utilize various platforms such as Dropbox, Hulu, Tidal, Spotify, Apple Music, and Pandora to receive and stream original content. “States are constantly faced with the challenge of administering taxes and keeping pace…
Arizona – The State of Arizona has extended a significant tax break to Apple, Inc. who recently purchased property in Mesa, Arizona. The tax break would be due to Apple using a minimum of $100 million in renewable energy to power up a new data center planned for the location. There will also be a…
What all ebayers should know. Many business owners face a common question of whether or not to tax their internet-based sales. If you are an internet-based retailer, this article is for you. Each state has their owned de minimis rules for what activities establish a business as being “Engaged In Business” in their state. You…
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