3 min read

3 Components of Sales Tax to Not Forget

By Robert Dumas on Tue, Nov 09, 2021 @ 11:00 AM

You might think that collecting the tax and filing a tax form is all you need to be sales tax compliant. You wouldn’t be completely wrong – filling out the form is a huge start – but other steps are needed to fully manage your compliance.

Topics: sales tax compliance sales tax
3 min read

TaxConnex Releases Research that Reveals Top Concerns Among Financial Leaders Responsible for Sales Tax in 2022

By Robert Dumas on Thu, Nov 04, 2021 @ 11:00 AM

TaxConnex is pleased to announce the completion of their second annual sales tax survey finding that the increasing sales tax complexities, growing nexus, fear of sales tax audits and limited resources to do what is necessary to remain compliant are among the top worries of financial professionals heading into 2022.

Topics: sales tax compliance sales tax
2 min read

Sales Tax and Vitamins/Dietary Supplements

By Robert Dumas on Tue, Nov 02, 2021 @ 11:00 AM

You won’t find too many more confusing sales tax scenarios than the one involving dietary supplements.

For purposes of sales tax, sometimes supplements and vitamins are considered drugs (prescription or not), sometimes groceries or food, sometimes tangible personal property – and sometimes not. In still other instances, they’re not taxed at all. So how do you manage your sales tax liability if you are selling vitamins, dietary supplements or other items that fall into this undescriptive category?

Topics: sales tax compliance sales tax
4 min read

Sales Tax Can Be Scary

By Robert Dumas on Thu, Oct 28, 2021 @ 11:00 AM

It may be the season of ghosts and goblins, but sales tax obligations last all year, and as many would admit, keeping track of all your sales tax obligations can be quite scary.

Topics: sales tax compliance sales tax
3 min read

Name Your Sales Tax Data Files for the Long Haul

By Robert Dumas on Tue, Oct 26, 2021 @ 11:00 AM

When we talk with businesses about sales tax compliance, we eventually get to a discussion about preparing and filing returns. Many times, this starts with “how hard can it be”. “It’s just putting numbers on a form”. However, I encourage businesses to consider the myriad aspects that need to be managed including updating your tax filing calendar, managing sales tax notices, monitoring their nexus thresholds, etc. Other key aspects include understanding your data sources, storing the data in a shared location, and naming them in a consistent format. This will help streamline your audits when they occur.

Topics: sales tax compliance sales tax
3 min read

Understanding Your Sales Tax Obligations As an E-Commerce Business – a Checklist

By Robert Dumas on Thu, Oct 21, 2021 @ 11:00 AM

Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services. For most brick-and-mortar retail stores, sales tax is relatively simple, but what happens when you open an online store? Whether you’re selling tangible personal property or other taxable materials online, your sales tax obligations have changed considerably over the last few years with the introduction of economic nexus.

Topics: sales tax compliance sales tax
3 min read

How to Respond to Sales Tax Notices

By Robert Dumas on Tue, Oct 19, 2021 @ 11:00 AM

You may think your business is in full compliance with your sales tax obligations nationwide – and you may well be – but America’s 10,000-plus sales tax jurisdictions love to send notices. And without the right correspondence or adjustments due to these notices, you could be in hot water.

Topics: sales tax compliance sales tax
4 min read

What's New in State Sales and Use Taxes

By Robert Dumas on Tue, Sep 14, 2021 @ 11:00 AM

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
2 min read

What you need to know: “Origin” vs. “destination” states

By Robert Dumas on Tue, Sep 07, 2021 @ 11:15 AM

In real estate they say, “Location! Location! Location!” Same is true for sales tax – except the word can have different meanings. 
For example, when it comes to sales tax, do you need to follow “destination-based” or “origin-based” rules?

Topics: sales tax sales tax filing
4 min read

Preparing Your Business for Sales Tax Holidays

By Robert Dumas on Thu, Jul 08, 2021 @ 11:00 AM

Many states use sales tax holidays to waive or reduce sales tax on various items. These holidays can be annual or even two or more times a year. Online purchases usually receive the same tax treatment during these holidays as in-person purchases; remote sellers aren’t permitted to charge tax on qualifying goods during sales tax holidays, but how do you know where this is happening and when or when not to charge sales tax?

Topics: sales tax compliance sales tax
2 min read

Missouri Enacts Economic Nexus

By Robert Dumas on Tue, Jul 06, 2021 @ 11:00 AM

Missouri has officially become the last state with a state-wide sales tax to enact economic nexus. 

 The Show Me State follows on the heels of Florida, where economic nexus kicked in as of July 1 for remote sellers and marketplace facilitators. 

Topics: sales tax compliance sales tax
3 min read

Your Personal Responsibility in Sales and Use Tax Non-Compliance

By Robert Dumas on Thu, Jul 01, 2021 @ 11:00 AM

Sales tax is a significant revenue source for many states. In fact, according to the Tax Policy Center, for many states, it can comprise 25%-35% of a state’s revenue.

Topics: sales tax compliance sales tax
5 min read

Monthly Review of What's New in Sales & Use Tax

By Robert Dumas on Tue, Jun 08, 2021 @ 11:00 AM

There’s always something changing in the world of tax, especially sales tax. And 2021 continues to prove that. Here’s a review of some of the recent changes and updates.

Topics: sales tax sales tax news
3 min read

State Discounts for Sales Tax

By Robert Dumas on Tue, Jun 01, 2021 @ 11:00 AM

Collecting and remitting sales tax can be onerous – and expensive – for any business. That’s one reason some states give a collection discount to help with the costs of managing sales tax. 

Topics: sales tax compliance sales tax
5 min read

Taking a Look at Sales Tax Exemptions and Why They're Important

By Robert Dumas on Thu, May 27, 2021 @ 11:00 AM

Taking advantage of sales and use tax exemptions can save your business money and headaches. But exemptions can be harder to secure in some states than in others.

Topics: sales tax compliance sales tax sales tax filing
5 min read

7 Ways a Business is Selected for Audit

By Robert Dumas on Tue, May 18, 2021 @ 11:00 AM

As we entered 2021, many industry experts believed that state sales tax audits were likely to increase sharply due to the loss of state revenue during the pandemic. Likewise, in a recent TaxConnex survey we saw that two out of five respondents agree with the experts, saying that they expect sales tax audits to become more common over the next two years. 38% of respondents said they believe audit levels will stay the same, and in a separate question, 66% have already seen an increase in the number of audits in the past two years.

Topics: sales tax sales tax news