Sales tax is confusing, but this season of thankfulness (and recent developments in the world of nexus) have created things to look forward to and be thankful for heading into the holiday season and new tax year.
- Bill me now. Some federal lawmakers are working to make life easier for online
retailers even as more states levy taxes for internet-based sales. House and Senate bills R. 1933 and S. 2350, S. 128 and H.R. 379 look to limit states’ seemingly unlimited abilities to impose sales taxes on remote sellers.
- School’s in. Educational resources are thankfully cropping up all over for retailers who need answers. Sites like Sales Tax Institute, Bloomberg and Thomsen Reuters provide regular updates of news and information that can be very valuable in keeping up to date.
- Easing the burden? Are states easing off nexus? Thanks to New York (from $300,000 to $500,000 annually) and California ($100,000 to $500,000) for upping their nexus sales thresholds. Grateful small retailers may be witnessing states realizing that they made the burden too heavy.
- Just say no. A nod to local voters around the country who have taken to the ballot to veto their localities levying remote sales taxes.
- Help is here. TaxConnex™ is how businesses finally get sales tax off their plate – no matter how many states they’re in or how often regulations change. That’s why everyone from big corporations and accounting firms, to the latest online boutique all turn to TaxConnex.
Happy Thanksgiving from all of us at TaxConnex! Contact us to learn about the latest developments in sales-tax nexus and what they mean to you and your company.