Sales Tax Spotlight: Why Retail Sales Taxes Matter Retail sales taxes account for 32% of state and 13% of local tax collections, totaling about 24% of total state and local revenue. Many policymakers consider sales taxes more pro-growth than income taxes, because they create fewer economic distortions and are directly tied to consumer spending. 🧾…
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…
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…
Kim Kardashian’s Skims Apparel Company has been held accountable for improper sales tax collection in New Jersey. The company, which is primarily an online retailer, was found to have collected sales tax on tax-exempt clothing items sold to New Jersey consumers from 2019 to 2024. This violation of New Jersey’s Consumer Fraud Act led to…
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…
TX: In the ever-evolving landscape of digital consumption, streaming services have become ubiquitous, offering a vast array of entertainment options at our fingertips. However, amidst binge-watching and playlist curating, it’s easy to overlook the tax implications associated with these services, particularly in a state like Texas. As of now, Texas imposes a sales tax on…
For sales and use tax purposes, the California Department of Taxes and Fees Administration (CDTFA) has issued a notice requesting used car dealers to provide detailed information on used car sales when filing their sales and use tax returns. They must provide the Vehicle Identification Number (VIN) for all vehicles sold when submitting their CDTFA531MV,…
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…
Black Friday is one of the most significant sales opportunities of the year. From doorbusters to online flash deals, businesses of all sizes prepare for a surge in traffic and revenue. But with higher sales volume comes a critical responsibility many businesses overlook: properly charging, collecting, and remitting sales tax. Whether you operate a brick-and-mortar…
Growth is exciting. Scaling is exhilarating. New markets, new revenue, new customers, it’s the dream every business chases. But here’s the truth no one talks about: The same growth that drives EBITDA and enterprise value can quietly destroy it. Because in the corner of every high-growth company sits an overlooked risk called sales tax.. When…
