2 min read

5 Key Pieces of Your Sales Tax Compliance Filing Process

By TaxConnex on Tue, Jan 14, 2020 @ 11:15 AM

Once you’ve determined your requirement to collect and remit sales tax, you’ve set-up a process to charge sales tax, and you have registered with each required state, you need to consider how you will manage the return filing process.  Some key areas to consider are the following:

Topics: sales tax compliance sales tax filing
2 min read

Have increased holiday sales triggered new compliance obligations?

By Robert Dumas on Thu, Dec 19, 2019 @ 11:00 AM

Online retailers definitely have something to be smiling about this season. Cyber Monday saw Americans drop $9.4 billion. That figure is up 20% from last year’s $7.9 billion in online sales and it beat this year’s Black Friday’s sales.

Topics: sales tax compliance retail
2 min read

13 Things to Ask Any Potential Sales Tax Partner Before you say YES

By Robert Dumas on Thu, Dec 05, 2019 @ 10:45 AM

Another tax notice just landed on your desk. Ouch. You thought you had this solved with the “fully-integrated, simple, seamless, comprehensive, customized sales tax solution” that you paid an arm and a leg for. It sure sounded great at first. This was going to make sales tax unbelievably easy – and free up your time for more strategic stuff. So why are you still scrambling to correct errors, confirm nexus, send payments, manage tax calendars, and double check everything your provider does?

Topics: sales tax compliance
2 min read

5 Things to Be Thankful for With Sales Tax

By TaxConnex on Wed, Nov 27, 2019 @ 09:30 AM

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.

Topics: sales tax compliance
1 min read

TaxConnex Selected as a Venture Atlanta 2019 Presenting Company

By Robert Dumas on Mon, Sep 16, 2019 @ 12:49 PM

I am honored to share that TaxConnex has recently been selected by Venture Atlanta to Present at Venture Atlanta 2019.  Venture Atlanta, the Southeast’s technology innovation event, is where the region’s most promising tech companies meet the country's top-tier investors.

Topics: sales tax compliance sales tax news
1 min read

Prominent Sales Tax Outsourcing Provider Creates Risk for Clients

By Brian Greer on Thu, Oct 19, 2017 @ 04:16 PM

We recently transitioned a client from a large, well known sales tax outsourcing service provider to TaxConnex.  As part of the transition, we discovered several critical issues.  On the surface, these issues don’t appear to be significant; however, they point to a process that pushes the risk of non-compliance back to the client.  This seems contrary to one of the primary goals of outsourcing which is to not only shift the work, but to also shift at least some of the risk to the service provider.  Here’s what we uncovered:

Topics: sales tax compliance
1 min read

Sales Tax Outsourcing is Mainstream

By Brian Greer on Wed, Jul 12, 2017 @ 09:47 AM

Feeling overwhelmed and frustrated by all the new rules governing sales tax collection?  Why not outsource your problems?  Sales tax outsourcing is becoming more and more common among companies that simply do not want to invest the resources in keeping up with all the details of current and constantly changing sales tax laws.

Topics: sales tax compliance
1 min read

The Changing Landscape of Sales Tax Nexus

By Brian Greer on Fri, Jun 16, 2017 @ 10:00 AM

What exactly is sales tax nexus?  Tax nexus is a legal term, that when present, gives a state the ability to subject a business to that state's sales tax laws.  According to Investopedia, tax nexus is "generally defined as a physical presence." However, contrary to the nomenclature, a physical presence does not actually have to entail what one would think it means. A physical presence could include more than just having an office or employees in the state.  For example, visiting a state to check up on clients and maintain business relationships can create sales tax nexus. Quill Corp vs. North Dakota (1992) brought forth the physical presence standard, but in the ensuing decades individual states have incorporated the law in a confusing, varying fashion - especially as it relates to online sellers.

Topics: sales tax nexus sales tax compliance
1 min read

Sales Tax Nexus - The Good, the Bad, and the Ugly

By Brian Greer on Tue, Jun 06, 2017 @ 10:00 AM

Some new business owners operating exclusively online labor under the mistaken assumption that unless they've sold a product or service to someone in the state in which their business is physically located, they are not responsible for collecting and paying sales or use tax. Unfortunately, this is not necessarily the case. A variety of scenarios can legally obligate an online retailer or service provider to collect and pay sales tax in any number of states.

Topics: sales tax nexus sales tax compliance
2 min read

Sales Tax Compliance and the Amazon FBA Seller

By Brian Greer on Tue, May 23, 2017 @ 10:00 AM

I recently met with a company that has been growing their business primarily through Amazon’s FBA program.  As like many nascent businesses, sales tax compliance was not a significant concern as they were launching and taking off.  They collected sales tax in their home state and the state where they shipped their inventory to Amazon.  Unbeknownst to them (or perhaps a calculated business decision), they had created sales tax nexus in multiple states and had not been collecting the sales tax due.

 

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

3 Components of Sales Tax Compliance You Haven't Considered

By Robert Dumas on Thu, May 04, 2017 @ 10:30 AM

I get the opportunity to talk to many businesses and CPA firms about our sales tax outsourcing services at TaxConnex.  When most of the people we talk to refer to sales tax compliance, they are thinking about tax return preparation only.   They never consider the other components of compliance. 

Topics: sales tax compliance
2 min read

Is Your Sales Tax Compliace On Track?  3 Factors You Need To Know

By Brian Greer on Thu, Apr 20, 2017 @ 10:30 AM

The need for quality sales tax compliance support continues to grow – especially in the small to mid-market business segment.  This is due to a combination of factors including:

Topics: sales tax compliance sales tax
2 min read

You Can't Solve Your Sales Tax Problems with Technology Only

By Robert Dumas on Thu, Apr 06, 2017 @ 02:30 PM

I had a sales call this week with a very experienced CFO for a group of start-up technology companies.   Over the course of the last couple of years, this CFO became aware of sales tax responsibilities for some of his companies and had begun building processes to identify prior period exposure and to manage the prospective sales tax compliance process. 

Topics: sales tax compliance sales tax
1 min read

Have You Paid Your Sales Tax Premium?

By Robert Dumas on Thu, Mar 09, 2017 @ 10:30 AM

Over the years, I have come to respect the uniqueness of our business and how we help companies comply with the myriad sales tax laws.   Like most government mandated activities, businesses get absolutely no “value add” by completing forms, submitting information and remitting taxes and fees to government agencies.  I have never heard of a business growing revenue or creating efficiency by complying with government red tape.  

Topics: sales tax compliance
1 min read

The Rapidly Changing Landscape of Sales & Use Tax

By Kate Bennett on Fri, Jan 20, 2017 @ 11:39 AM

Like self-driving cars, some things are best not 100% automated - sales and use tax is one of those things. 

In OPPORTUNITY IN COMPLEXITY, THE RAPIDLY CHANGING LANDSCAPE OF SALES & USE TAX, as seen in the latest supplement from Accounting Today, TaxConnex’s Managing Partner, Robert Dumas explains the importance of working with an experienced Sales Tax Outsourcing Service Provider, with a breadth of knowledge of sales and use tax accounting, and not solely a sales tax technology solution.

Topics: sales tax compliance
2 min read

Sales Tax Returns Are Not Commodities

By Brian Greer on Wed, Jan 18, 2017 @ 10:30 AM

I’m not sure when a sales tax return turned into a widget.  It seems that in the almost 17 years I’ve been in the sales tax compliance outsourcing business, sales tax returns have been treated like a commodity with contracts awarded all too often to the lowest cost provider.  My income tax brethren may feel the same way about the commoditizing of income tax returns.

Topics: sales tax compliance