TEXAS:The world of electric vehicles (EVs) offers eco-friendly options and potential federal tax incentives for those who switch. However, as of September 1, 2023, Texas residents will face a new tax regarding owning an electric vehicle. A new EV law signed by Governor Greg Abbott has introduced additional costs for EV owners in the state….
Happy Anniversary DDH! Davis Davis & Harmon LLC is proud to celebrate 22 years in business. Thank you to our team, who continue to deliver exceptional results for our clients. Thank you to our clients and community partners for your continuous partnership. We appreciate your trust in us, and we do not take it for granted. Cheers to…
TX: Texas shoppers no longer have to pay sales tax on menstrual products, making the state one of the few states in the country to have eliminated the “tampon tax.” A new law that went into effect September 1, 2023, eliminates the sales tax on feminine hygiene items, including tampons, menstrual pads, and menstrual cups….
Five years have passed since the groundbreaking Wayfair decision by the Supreme Court, which opened the doors for states to demand remote sellers to collect and remit sales tax. Initially hailed as a revenue boon for states, the aftermath has brought various challenges and revisions to the original framework. The evolution of transaction thresholds and…
Austin Texas: Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems and special purpose districts $1.2 billion in local sales tax allocations for August, 2.8 percent more than in August 2022. These allocations are based on sales made in June by businesses that report tax monthly and on sales made in…
August is Black Business Month. It’s time to recognize, honor, uplift, and celebrate Black-owned businesses across the country and all they represent in the country’s ongoing drive for diversity and equality. Let’s take a moment to recognize these businesses’ remarkable contributions to our society and economy. Established in 2004 by forward-thinking entrepreneurs Frederick E. Jordan and…
TX: Sales Tax Holiday 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…
TX: When it comes to landscaping, lawn, and plant care services in Texas, understanding the intricacies of sales tax is crucial. As a lawn care service provider, you must know your business’s taxable and non-taxable aspects to ensure compliance with state regulations. Taxable and Non-Taxable Services: Any individual or business that offers landscaping, lawn, or plant…
MD: The Maryland Digital Advertising Tax, set to be imposed on companies earning more than $100 million from digital advertising services in Maryland, has been invalidated by an Anne Arundel County Circuit Court judge. The judge ruled that the tax violated the Internet Tax Freedom Act and the due process clause, Commerce Clause, and First…
Managing sales and use taxes can be complex and time-consuming for businesses. Outsourcing sales tax obligations can offer several advantages, as you have outlined. However, it is essential to consider both the benefits and potential drawbacks before deciding. Here are some additional points to consider: Cost-effectiveness: Outsourcing sales tax obligations may incur additional costs, such…
