3 simple tips on preparing for an audit: ORGANIZE RECORDS. You may have underpayed or overpayed sales tax. Having your records (sales/use tax returns, federal returns, sales tax transactions, etc) organized and easily accessible will help in supporting transactions. DON’T RUSH AUDIT PROCESS. It can be time consuming because the auditor will do a thorough…
New Hampshire – A consumer alert has been issued to residents and those doing business in this state by Attorney General Michael Delaney and Kevin Clougherty, Department of Revenue Commissioner, in regards to a fraudulent internet website attempting to scam New Hampshire residents into purchasing New Hampshire Retail Sales Tax Certificates and falsely and deceptively…
California – Sales of many seasonal items are taxable, such as Christmas trees and firewood. Purchases of many holiday items are taxable even when purchased from an out-of-state retailer, ex. holiday cards and books. California must pay “use tax” that is due on purchases they make from out-of-state retailers online who do not assess sales…
Texas – Starting January 1 a special registration number will be needed to claim sales tax exemption on purchased taxable products used for production of agricultural and timber products for sale by farmers, ranchers and timber operators. This number is made a requirement by HB 268 which passed earlier this year. Susan Combs, State Comptroller,…
Texas – Internet sales are subject to sales and use tax in the same manner as sales made by any other business. Texas tax applies to taxable items on orders placed on the internet when shipped or delivered to a purchaser in Texas. Online sellers engaged in business must obtain a sales and use tax…
Indiana-Simon Property Group, a shopping mall developer, is suing Indiana because “Main Street” retailers are being harmed by the state’s failure to collect sales tax from Amazon.com. The state’s failure to collect sales tax on sales made by Amazon is creating an unequal playing field in Indiana that jeopardizes the existence of Main Street retailers…
Please enjoy the latest edition of our firms Newsletter SALTe your State and Local Tax Explorer! In This Issue Multi-State 2011 – Tricks and Traps States Use To Get Their Sales Tax Revenue Multi-State 2011 – Groupon/LivingSocial Sales Tax – No California Sales Tax Collection For Another Year Texas – $260 Million Unremitted Sales Tax…
Reprint from Tarrant Business, Star Telegram Blog Susan Combs, the Texas Comptroller, dropped by the Star-Telegram this morning to chew things over. She says she expects $1.1 billion – more than expected – to be transferred into the state's Rainy Day Fund this fall, due to the strength of oil and gas. “Oil and gas…
Multistate – New York state tax administrators have concluded merchants should collect sales tax on the full face value of items purchased with vouchers from Groupon, LivingSocial and other Internet discount deal sites. This could make some daily deals less attractive to NY consumers and retailers. If a Groupon is for a specific service the…
Rhode Island- The state’s 7% sales tax will be imposed for the first time on over-the-counter drugs, certain types of computer software, medical marijuana, and other items all part of the $7.7 billion state budget approved by legislature and signed into law by Governor Chafee. “ We have made a concerted effort to reach out…
