It’s a common scenario: A company has decided to sell, then due diligence turns up a $2 million risk in past sales tax obligations and compliance. The buyer looks to secure against the risk via escrow – on the conservative, high side – and requires the seller to mitigate the risk.
4 min read
How to manage sales tax obligations
So you’ve done the smart thing and determined that your company has sales tax obligations in various states. That’s a great first step. Now you must collect, file, and remit sales tax in multiple states.
Topics: sales tax compliance sales tax
2 min read
Amazon Warehouse Does Not Create Physical Nexus in PA
In a decision that may eventually have sales tax repercussions elsewhere, a state court has decreed that an Amazon warehouse creates no physical nexus for a group of online sellers.
Topics: sales tax nexus sales tax sales tax filing
4 min read
Risks of misunderstanding the impact of economic nexus
By now most businesses that sell online have heard about nexus, the connection that a company has with a jurisdiction that ignites a sales tax obligation. Nexus can be economic and based on a threshold of sales volume in a given time. Nexus can also be physical, created by inventory, employees or reps in a state or jurisdiction.
Topics: sales tax compliance sales tax economic nexus
4 min read
What was new in August for state sales and use taxes
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates.
Topics: sales tax compliance sales tax sales tax news
4 min read
Complexities of Sales Tax: Leasing
Sales tax is complicated no matter the industry you are in. But the leasing industry brings out even more complicated nuances depending on the type of lease, support activities and even the leased item itself.
Topics: sales tax nexus sales tax taxability
3 min read
Colorado: Fee or tax?
Remote retail sales just got rockier in Colorado, which has begun imposing a 27-cent fee on every retail delivery made by motor vehicle to a destination in the state.
Topics: sales tax compliance sales tax retail
4 min read
3 things to remember about economic nexus
This June marked 4 years since the landmark Supreme Court decision that launched economic nexus, South Dakota v. Wayfair, Inc et al, but many businesses are still trying to figure out how to manage sales tax obligations brought on by this decision. The following is a list of 3 things you need to know to get started in understanding your economic nexus footprint.
Topics: sales tax nexus sales tax economic nexus
4 min read
App purchases and sales and use tax
Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps.
Topics: sales tax taxability software
2 min read
Sales tax is a tricky world
A few recent developments – including scams and fine definitions –across the country show how sales tax compliance can be complicated.
Topics: sales tax compliance sales tax sales tax news
5 min read
What's new in July for state sales and use taxes
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates.
Topics: sales tax compliance sales tax sales tax news
4 min read
Marketplace facilitators: Your latest Q. and A.
We talk a lot about nexus and compliance processes in our content, but what about marketplace facilitators? In this blog we answer your top questions about marketplace facilitators.
Topics: sales tax compliance sales tax
3 min read
Sales tax holidays for the rest of the year
Holiday time already? In many states, sales tax holidays have been in full swing this year and will continue for months to come. Some of the deals are long-standing; others have been trotted out by lawmakers claiming to want to help constituents weather inflation.
Topics: sales tax retail
2 min read
Online selling the subject of recent judgments
Several recent court cases show how tricky the legal system can be for online sellers managing sales tax obligations.
Topics: sales tax retail economic nexus
5 min read
What's new in state sales and use taxes
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates.
Topics: sales tax compliance sales tax sales tax news
2 min read
Sales tax post-Wayfair: Costly for remote sellers, a cash cow for states
If it feels to you like the whole economic nexus and sales tax landscape is one-sided, the U.S. Government Accountability Office and many small businesses seem to agree.
