Sales tax compliance is becoming increasingly complex for software and tech companies. As software transitions from tangible products to cloud-based services, understanding the nuances of sales tax can be challenging for many tech industry businesses. A critical first step is determining whether your company has a “nexus” in a particular state. Nexus refers to a…
Registering to Collect and Remit Sales Tax: Where to Begin Once you’ve identified where you have sales tax obligations, it’s time to register with each state to start collecting and remitting sales tax. Here’s how to get started: Obtain a Sales Tax Permit Before collecting sales tax, you must register for a sales tax permit…
With the rapid rise of social commerce, platforms like TikTok are no longer just for viral dances and trending challenges—they’re also major players in e-commerce. The launch of TikTok Shop has made it easier than ever for brands and creators to sell products directly within the app. However, as convenient as this may be, it…
The relationship between nonprofits and sales tax can be confusing. Nonprofits are often exempt from paying federal income taxes, but this doesn’t automatically mean they’re exempt from state sales taxes. Each state has its rules for how sales tax applies to nonprofit organizations, and navigating these regulations is essential to staying compliant. In many states,…
Great news for Oklahoma residents—grocery prices are about to take a welcome dip! With inflation putting pressure on household budgets over the past few years, any reduction in the cost of essentials like food is a significant relief. The Oklahoma state legislature has recently passed a bill to reduce the sales tax on groceries. For…
As the digital economy continues to expand, Texas is updating its tax rules to better reflect the realities of the 21st-century marketplace. The Texas Comptroller’s office recently announced changes to how digital products, such as software, streaming services, and online content, are taxed. What’s Changing? Under the new rules, Texas will impose sales tax on…
TX: The Comptroller encourages all taxpayers to support Texas businesses while saving money on tax-free purchases of most clothing, footwear, school supplies and backpacks (sold for less than $100) during the annual Tax-Free weekend. Qualifying items can be purchased tax free from a Texas store or from an online or catalog seller doing business in Texas. In most…
Back-to-school shopping can be expensive, but many states offer relief through tax-free weekends. This year, 17 states provide a tax break on school-related items like clothing, shoes, electronics, and supplies. Here’s a list of the states participating in these sales-tax holidays: Alabama Arkansas Connecticut Florida Iowa Maryland Massachusetts Mississippi Missouri New Mexico Ohio Oklahoma South…
Understanding sales tax laws can be complex and overwhelming. With frequent changes and varying regulations from state to state, it’s easy to feel lost. Whether you’re a business owner trying to comply with new rules or a consumer planning significant purchase, getting expert advice can make all the difference. Sales tax laws vary widely across…
Navigating taxes can be challenging, especially with varying regulations across states. In Texas, two primary taxes businesses need to be aware of are the gross receipts and sales tax. Gross Receipts Tax Texas does not impose a traditional corporate income tax. Instead, it has a franchise tax, often referred to as a “margin tax,” which…
