Your A/P staffers are well aware of the ways state revenue departments make life complicated with their ever-changing sales & use tax laws. Seasoned A/P pros are typically able to follow the logic behind some of the unusual sales & use tax requirements out there. For example, in Kansas hot-air balloon rides aren’t taxable because […]
Heads up to those who do business in New York City: A new bill changes how corporations establish nexus in the Big Apple. Per SB 9454, effective for tax years beginning on or after Jan. 1, 2022, businesses create nexus and are subject to the NYC business corporation tax if they have at least $1 […]
Businesses like yours that expanded into e-commerce markets and digital sales channels have had to be aware of economic nexus ever since the tax compliance landscape changed with the landmark South Dakota v. Wayfair Supreme Court decision. Your Finance team’s responsible for collecting and paying sales tax on out-of-state online sales, including to the states […]
Promising news to those who do business in Denver: The City Council has proposed a bill to exempt the state’s brand-new retail delivery fee from sales and use tax. If the bill passes, it would create a sales and use tax exemption for this fee and other government fees. Currently, the retail delivery fee (effective […]
The Keystone State has officially updated its tax law with provisions on economic nexus that you’ll need to know if you do business in Pennsylvania. Effective for tax years beginning after Dec. 31, 2022, any business with $500,000 or more in sales that can be sourced to Pennsylvania has created nexus for tax purposes. The […]
So what happens when inflation is high, everything seems to cost more and consumer confidence is reaching rock-bottom? One outcome tends to be inventory glut. And no one’s having a harder time moving product these days than retailers. The retail sector’s pain could provide relief for plenty of businesses looking to spruce up their workspaces […]
There’s good news if you work with marketplace facilitators for sales transactions in The Volunteer State. Both seller fees and service provider fees that facilitators may charge when connecting you to customers aren’t subject to sales tax. Letter Ruling No. 22-02 from the state Dept. of Revenue discusses a marketplace facilitator that charges various fees […]
Be careful with the features included in online training for workers in Texas. Purchasing certain features may make the software subject to sales and use tax. That’s according to a recent private letter ruling issued by the Texas Comptroller of Public Accounts. The letter ruling discusses a company that provided clients with various online learning […]
The Maryland Comptroller of the Treasury has provided businesses with additional clarity on some of the tax changes made by HB 791, which recently updated the definition of a “taxable digital product.” In the latest revision of the state’s Business Tax Tip #29, the comptroller states what an “enterprise computer system” includes, since these systems […]
