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…
The newly enacted economic nexus laws have businesses scrambling to figure out how the Wayfair vs. South Dakota supreme court decision applies to their transactions. Accordingly, Texas recently published, Texas Tax Responsibilities and Resources, to provide some guidance to remote-sellers. Below is an excerpt of the publication: “As part of our Wayfair implementation, amendments to Rule 3.286, concerning Seller’s…
MULTISTATE – The Tax Foundation has released its 2019 State Business Tax Climate Index. This Tax Climate Index is made up of 5 major components. Individual Taxes Corporate Taxes Sales Taxes Property Taxes Unemployment Insurance Taxes In this blog, we’re discussing how states rank on sales taxes. 25.3% of each state’s overall score is determined…
Davis Davis & Harmon LLC, participated in the National Association of Black Accountants, Inc. (NABA) Annual Western Region Student Conference held on October 11-13, 2018 in Dallas, Texas. Deon Harmon, CGO of Davis Davis & Harmon spoke on the Moss Adams Tax Panel to discuss careers in sales/use tax. Davis Davis & Harmon, LLC is…
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…
TEXAS: Navigating through the tax-exempt organization landscape can be confusing and daunting. Over the next few blogs we will look at different aspects of the tax-exempt scenario. This segment will focus on purchases and sales by tax exempt organizations. Tax-Exempt Purchases: Organizations that have been granted tax exemption will receive a letter of sales tax…
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 are criteria that must be met. The parent organization must recognize the organization as a subordinate under the group exemption. The group exemption meets…
For Kentucky retailers, July 1, 2018, was the official start date for new Legislation related to Sales and Excise Taxes. House Bill 487 includes substantial changes involving tax rates and tax bases for retailers’ subject to Kentucky tax law. This is a brief look at some of those changes. Amendments to KRS 139.010 now require…
Texas – August 10-12 Wisconsin – August 1-5 Iowa – August 3-4 Louisiana – August 3-4 Florida – August 3-5 Mississippi – August 3-5 Missouri – August 3-5 New Mexico – August 3-5 Ohio – August 3-5 Oklahoma – August 3-5 South Carolina – August 3-5 Virginia – August 3-5 Arkansas – August 4-5 Maryland…
Hear From DDH Tax Expert and Consultant Chanel Davis at FICPA Our partner, Chanel Christoff Davis, will be presenting a topic as a featured speaker at this year’s Florida Institute of Certified Public Accountants’ Mega CPE Conference. The session topic, “Multi-State Nexus and The Amazon Effect”, will address the current sales tax legal landscape. The…
