MULTISTATE – The Tax Foundation has released its 2019 State Business Tax Climate Index. This Tax Climate Index is made up of 5 major components. Individual Taxes Corporate Taxes Sales Taxes Property Taxes Unemployment Insurance Taxes In this blog, we’re discussing how states rank on sales taxes. 25.3% of each state’s overall score is determined…
Davis Davis & Harmon LLC, participated in the National Association of Black Accountants, Inc. (NABA) Annual Western Region Student Conference held on October 11-13, 2018 in Dallas, Texas. Deon Harmon, CGO of Davis Davis & Harmon spoke on the Moss Adams Tax Panel to discuss careers in sales/use tax. Davis Davis & Harmon, LLC is…
In our last blog we discussed the rules regarding tax exempt purchases by and to tax exempt organizations. When it come to collecting sales tax, tax exempt organizations are required to collect and remit sales tax for all taxable items sold. A sales tax exemption is for purchases and does not cover sales. As with…
TEXAS: Over the next few blogs we will take look at Sales to and Purchases by Tax-Exempt Organizations. For an organization to be granted exemption from paying state sales taxes, there are criteria that must be met. The parent organization must recognize the organization as a subordinate under the group exemption. The group exemption meets…
For Kentucky retailers, July 1, 2018, was the official start date for new Legislation related to Sales and Excise Taxes. House Bill 487 includes substantial changes involving tax rates and tax bases for retailers’ subject to Kentucky tax law. This is a brief look at some of those changes. Amendments to KRS 139.010 now require…
Dallas – Thank you the friends of Davis & Davis & Harmon LLC for making this year’s drive a success! As a result of your generosity, we were able to collect 467 suiting items this year. That was a 25% increase over last year’s totals. We want to give a special thanks to GS Wealth Management,…
Multi-State – The Supreme Court (SCOTUS) began hearing arguments in the South Dakota vs. Wayfair case on April 17th. The case will challenge the South Dakota law that was enacted May 1, 2016. The 1992 case Quill Vs. North Dakota will also be revisited. In Quill vs. North Dakota, the 26-year old ruling made the…
Texas —The Temporary Texas Tax Amnesty Program will run from May 1st to June 29th. The program applies to periods prior to Jan. 1, 2018, and will only include liabilities that have not been previously reported to the Comptroller. The purpose of the program is to provide some delinquent taxpayers a chance to make their…
Multi-State – The US Supreme Court will soon decide whether companies with no physical presence in South Dakota will be required to collect sales tax on sales in that state. South Dakota recently passed a law that requires that remote sellers, even with no presence in the state, must collect sales tax. That law is…
South Carolina – Sales tax applications will be accepted by the South Carolina Department of Revenue (SCDOR) from suppliers that sell products via Amazon to South Carolina purchasers. The purpose of accepting these applications is to allow retailers to collect and remit sales and use tax for sales until the legal matter is settled between…
