We know sales tax doesn’t take center stage in your world, but it does in ours. We are always looking for an audience for our expertise. Let us shed some light on sales tax to help you better serve your clients. Recent topics include: Preparing for a Texas Sales Tax Audit Click-Through Nexus Laws Sale/Use…
Texas – Just in time for kick-off of the 2015 NFL football season, “America’s Team” is ranked as the top revenue grossing sports franchise in the world by Forbes.com. If this trend continues, Arlington taxpayers can expect an estimated $97.9 million in savings due to the early repayment of the 30-year stadium bond. This is…
Sales tax is often not on the top of a company’s list of priorities. Making earnings projections, payroll, and IRS deadlines loom heavy on the minds of many CFOs and controllers. Sales tax is many times an afterthought, an accrual account on their balance sheet, or not even a thought at all. Fill out the…
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…
NATIONWIDE – According to the National Retail Federation, Back To School is a $72 billion industry. On average, a family spends $637.78 on apparel, shoes, supplies and electronics to get ready for the school year. Sales have started popping up and so have the dates for the Back to School Sales Tax Holidays. Alaska, Delaware,…
Texas – In the last two years, Texas voters have overwhelmingly approved constitutional amendments pushing more tax dollars toward road construction, without actually raising taxes. In November 2014, voters signed off on a measure approved in the 2013 Legislature to shift oil and natural gas tax collections over a specific amount from the rainy day fund…
TEXAS – The State’s annual “Back to School” sales tax holiday will be held August 7 – 9th. Most clothing, footwear, school supplies and backpacks priced under $100 will be exempt from sales and use tax. This includes items sold online, by telephone, or mail. Lay-away plans can be used to take advantage of the…
Virginia – A bill has passed exempting all Virginia jails food sales to inmates from sales tax. This bill came about due to an online service which allows inmate families to purchase meals for their incarcerated family members. No sales tax was collected subsequently which led to a huge tax liability for the Virginia jails. The new bill exempting inmate meals…
Overview: Many companies are focused on new product offerings, growing the business, and expanding into new territories. Have you determined how your business growth impacts your sales/use tax outlook? · Starting a new division of your business? · Launching a new product or service line? · Expanding your business into a new territory? · Attending…
