7 min read

The Complexities of Sales Tax On Leases | TaxConnex

By Robert Dumas on Thu, Mar 07, 2024 @ 11:30 AM

Today’s economy has allowed rental and leasing companies to flourish. Companies rent and lease everything from camera lenses to designer clothes to heavy machinery. Many jurisdictions charge sales tax for the rental or lease of tangible personal property. One key sales tax nexus-creating activity is owning property in a particular jurisdiction. Because the rental or leasing company maintains ownership of the item, they establish a physical presence when renting or leasing an item.

Topics: sales tax nexus sales tax taxability
4 min read

Sales tax and NFTs: Latest developments

By Robert Dumas on Tue, Mar 05, 2024 @ 11:23 AM

The non-fungible token (NFT) remains a sizzling commodity. These digitized assets denote ownership of such collectibles as sports cards and artwork, even designer digital footwear.

Topics: sales tax compliance sales tax taxability
2 min read

Hot Topics: Taxability

By Robert Dumas on Thu, Jan 25, 2024 @ 11:12 AM

Clients often ask us, “How often should we evaluate the taxability of our products?” An annual review should work. Most states change their sales tax rate laws on either Jan. 1 or July 1, by the calendar year or by the fiscal year.

Topics: sales tax compliance sales tax taxability sales tax news
3 min read

Services: Taxable or not?

By Robert Dumas on Thu, Dec 14, 2023 @ 11:46 AM

In sales tax calculation, you deal with the “hard” and the “less-hard.”

Topics: sales tax compliance sales tax taxability exemptions
3 min read

Sales Tax Horror Stories: Adding new products without checking taxability

By Robert Dumas on Tue, Oct 31, 2023 @ 11:11 AM

Adding a new product is great, new revenue streams are wonderful. Just don’t let sales tax turn the situation into a nightmare.

Topics: sales tax compliance sales tax taxability economic nexus
2 min read

Navigating the Complexities of Sales Tax in the Ever-Changing Landscape of Online Selling (part 1)

By Robert Dumas on Tue, Aug 29, 2023 @ 12:16 PM

Online selling of products and services has always been in the vanguard of sales tax obligations. The situation has only gotten more complicated in the five years since the Supreme Court unleashed economic nexus with the Wayfair decision.

Topics: sales tax compliance sales tax taxability ecommerce manufacturing
3 min read

Sales tax holidays and taxability of clothing/back to school (part 2)

By Robert Dumas on Thu, Jul 13, 2023 @ 02:19 PM

As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. Here are the back-to-school and clothing holidays that start in August.

Topics: sales tax compliance sales tax taxability sales tax news
3 min read

Sales tax holidays and taxability of clothing/back to school (part 1)

By Robert Dumas on Tue, Jul 11, 2023 @ 11:22 AM

Returning to class probably doesn’t make too many students think of the word “holiday,” but tax jurisdictions have other ideas.

Topics: sales tax compliance sales tax taxability sales tax news
2 min read

Loopholes and other odd sales tax rules, part 2

By Robert Dumas on Tue, May 23, 2023 @ 12:53 PM

Last time we looked at a sample of the strange sales tax laws regarding food, including a sliced bagel in New York. If only that was the only complex category concerning sales tax.

Topics: sales tax compliance sales tax taxability
3 min read

Loopholes and other odd sales tax rules, part 1

By Robert Dumas on Thu, May 18, 2023 @ 11:00 AM

Sales tax can be complicated, with rules that frequently change and disparate application across the nation’s thousands and thousands of tax jurisdictions.

Topics: sales tax compliance sales tax taxability
5 min read

What’s new in sales tax?

By Robert Dumas on Tue, Apr 18, 2023 @ 11:47 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 so far this year.

Topics: sales tax taxability sales tax news economic nexus
4 min read

3 Sales tax pitfalls facing manufacturers and wholesalers

By Robert Dumas on Thu, Mar 16, 2023 @ 12:00 PM

Many manufacturers, wholesalers, and distributors believe they have minimal sales tax obligations due to the likelihood of sales tax-exempt transactions. However, there are numerous pitfalls to be aware of.

Topics: sales tax taxability economic nexus manufacturing
2 min read

New year, new sales tax doings

By Robert Dumas on Tue, Mar 14, 2023 @ 11:23 AM

So far this year, multiple states have introduced new exemptions including some on necessities and at least one proposed tax credit on a politically charged kitchen appliance.

Topics: sales tax taxability sales tax news economic nexus
6 min read

Getting digital with sales tax in 2023

By Robert Dumas on Thu, Mar 09, 2023 @ 11:00 AM

At least three states opened this year with proposals to revamp taxes concerning digital advertising and data.

Topics: sales tax taxability sales tax news economic nexus
3 min read

Kentucky now taxes a range of services

By Robert Dumas on Tue, Feb 28, 2023 @ 11:00 AM

“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. This oversimplification can get you sideways in various states as there are lots of exceptions to these general rules. Kentucky is the latest in terms of taxing specific services.

Topics: sales tax compliance sales tax taxability economic nexus
5 min read

Sales and Use Tax for Leasing – Not as simple as you may think

By Brian Greer on Thu, Dec 22, 2022 @ 11:00 AM

This was previously published in Monitor Daily – check out the article now!

https://www.monitordaily.com/opinion-posts/sales-and-use-tax-for-leasing-not-as-simple-as-you-may-think/

Topics: sales tax taxability use tax leasing