Sales Tax
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State Tax Nexus Getting More Complex
The state tax arena is fraught with variation, complexity, confusion and ambiguity, which has major implications for U.S. corporations, according to findings from Bloomberg BNA’s 2016 Survey of State Tax Departments, conducted for the 16th consecutive ...
When Is Money Subject to Sales Tax?
Some sorts of money—typically coins, paper money and precious metals—are subject to sales tax in many states. In some states, sales of all types of money are exempt.
Sales Tax Record Keeping Requirements for Retailers
Clients who don’t adhere to state record keeping requirements run the risk of being penalized by auditors. The exact rules and penalties vary from state to state, but it is definitely in your clients’ best interests to stick to the letter of the law.
How to Maintain Internal Controls for Sales and Use Taxes
Many of your small business clients, especially those in retail operations, have struggled with responsibilities for collecting and remitting sales and use taxes to the appropriate jurisdictions. This includes issues relating to sales transactions and ...
Avalara Announces Extension for Magento 2.0 Ecommerce Platform
Avalara has been integrated with Magento for five years, and was named a Magento Gold Partner in 2011. With this latest version of the Avalara extension for Magento 2.0, customers can seamlessly take advantage of Avalara’s Compliance Cloud platform ...
New Guidance Focuses on Puerto Rico VAT
This coverage comes at a crucial time. On June 1, 2016, Puerto Rico will become the first U.S. jurisdiction to adopt a VAT to replace its sales and use tax regime. The transition to this new scheme began in 2015 and has been controversial.
Tampon Tax Court Case Seeks Refunds
Court papers note that the state doesn’t tax other hygiene items like Rogaine, foot powder, dandruff shampoo, ChapStick, facial wash, adult diapers and incontinence pads, but tampons and sanitary pads are subject to sales tax.
The Sticky Business of Excise and Sales Tax Requirements
There are a variety of industries that find themselves with a unique tax conundrum…they are required to calculate and file both sales and excise taxes to run their day-to-day business. So, what’s the big deal?