2 min read

Top Sales Tax Rules to Help Your Business Remain Compliant

By Robert Dumas on Tue, Jan 12, 2021 @ 11:00 AM

Sales tax compliance is complex, there’s no doubting it. While many hoped that the Supreme Court decision in South Dakota vs. Wayfair would make things more clear, it did quite the opposite.

Topics: sales tax compliance south dakota vs. wayfair
4 min read

Understanding the Taxability of Your Products and/or Tech Services

By Robert Dumas on Thu, Jan 07, 2021 @ 11:00 AM

If you were to read our 5 Steps to Sales Tax Compliance, or any guide on maintaining sales tax compliance, understanding the taxability of your products and/or services would be one of the first steps.

Topics: sales tax compliance taxability
3 min read

Alleviate Stress on Your Staff in 2021

By Robert Dumas on Thu, Dec 31, 2020 @ 11:00 AM

Your employees (like all of us) have more than enough headaches on all fronts headed into the new year. Back in April employees surveyed said that the pandemic is the most stressful time of their entire career. Now more than ever you owe it to your people – and to your business – to ease their problems when you can.

If you handle sales tax compliance in house, you’ve got your employees handling an unbelievably complex business function – and with 65% of businesses planning to grow across state lines* in the coming year, it may be more than they can manage.

Topics: sales tax compliance taxability
2 min read

Managing More with Less

By Robert Dumas on Thu, Dec 17, 2020 @ 11:00 AM

With nearly 50 million Americans losing their jobs earlier this year and 11 million still unemployed nearly 10 months after the pandemic began, the reality of being forced to do more with less is being felt in every corner of almost every company, including the finance department. Hiring freezes and budget restrictions have left many finance teams struggling to keep up.

Topics: sales tax compliance sales tax
3 min read

Calculation and Compliance: The Importance of Having Both in Your Sales Tax Process

By Robert Dumas on Tue, Dec 15, 2020 @ 11:00 AM

We understand that sales and use tax may not be your biggest priority, but if not managed correctly, it can cause major headaches. Understanding the various aspects of your sales tax process is critical to minimize your risk and to keep your business on solid ground as it relates to sales tax.

Topics: sales tax compliance sales tax
2 min read

Recent Cases Show You Shouldn't Mess with Sales Tax Obligations

By Robert Dumas on Thu, Dec 10, 2020 @ 11:00 AM

States may be getting tougher on sales tax delinquents as the pandemic drags on and tax revenues, in many places, take hits. Just ask Fiorella’s Landscaping in western New York.

Topics: sales tax compliance sales tax
2 min read

5 Myths About Voluntary Disclosure Agreements

By Robert Dumas on Tue, Dec 08, 2020 @ 11:00 AM

Voluntary disclosure agreements (VDAs) can be an effective way to mitigate prior period sales tax exposure. They can also come with a lot of misconceptions.

Topics: sales tax compliance VDA
1 min read

TaxConnex Releases New Research that Reveals Top Concerns Among Financial Leaders Responsible for Sales Tax in 2021

By Robert Dumas on Thu, Dec 03, 2020 @ 11:00 AM

Alpharetta, GA -  TaxConnex, Inc today released the results of a new survey finding that the increasing sales tax complexities, growing nexus, limited resources and additional audits are among the top worries of financial professionals in 2021.

Topics: sales tax compliance
2 min read

6 Benefits of Outsourcing Sales Tax Compliance

By Robert Dumas on Tue, Dec 01, 2020 @ 11:00 AM

 

In light of the Wayfair decision, and due to recent new hires in a new state or increased online sales, you’ve determined you meet sales tax nexus thresholds outside of just your home state and now you have to collect, file, and remit sales tax in multiple states. What a headache. To make matters worse, this is a compliance issue, so you must act. What do you do?

Topics: sales tax compliance
3 min read

Recent Happenings and Challenges in the World of Sales Tax

By Robert Dumas on Tue, Nov 24, 2020 @ 11:00 AM

One state’s efforts to join the Sales and Use Tax System (SUTS) and another state’s lawsuit against a world-famous auction house highlight recent challenges in the sales tax world.

Topics: sales tax compliance sales tax news
5 min read

Sales and Use Tax FAQs - Risk and Liability

By Robert Dumas on Thu, Nov 19, 2020 @ 11:00 AM

When it comes to managing sales tax compliance, for most businesses there are really three ways you can do it.

  1. Attempt to manage everything in-house
  2. Outsource sales tax compliance
  3. Do nothing and roll the dice.

So what happens if you attempt to manage the process in-house but lack the expertise and bandwidth to manage it effectively? Or what if you do nothing and decide to roll the dice? What are the risks associated with non-compliance? We’ve compiled some of the top questions we get from clients on the risk and liability of sales tax non-compliance.

Topics: sales tax compliance VDA
8 min read

4 Steps to Monitoring Your Sales Tax Obligations During the Holiday Shopping Season (and Beyond)

By Robert Dumas on Tue, Nov 17, 2020 @ 11:00 AM

It’s that time of year – holiday shopping is in full swingWhile the pandemic has continued to wreak havoc on retail locations, online sales continue to skyrocketSo while you’re busy with closing out your year, hopefully on a higher note, don’t forget about your sales tax obligations or you could wind up with a big lump of coal.

Topics: sales tax nexus sales tax compliance
5 min read

State Sales and Use Tax Update

By Robert Dumas on Tue, Nov 03, 2020 @ 11:00 AM

There’s always something changing or new going on in the world of tax, especially sales tax. Here’s a review of some of the changes and updates that were announced in the last few months.

Topics: sales tax compliance sales tax news
9 min read

Pitfalls of Sales Tax for the Manufacturing Industry

By Robert Dumas on Thu, Oct 22, 2020 @ 11:00 AM

“Manufacturing” for sales tax purposes is often defined as a physical application of materials and labor to change the characteristics of tangible personal propertyMakes sense, but does that mean your business is exempt? Not so easy. Every state has nuances on how sales tax applies to the manufacturing process and the various equipment and materials that are used and consumed.  There are many gray areas that can create signification exposure, or savings, for your business.   

Topics: sales tax compliance taxability
4 min read

Correctly File Your Sales Tax Returns in Four Steps

By TaxConnex on Tue, Oct 20, 2020 @ 10:00 AM

When looking at all that goes in to maintaining your business’s compliance in sales tax, the filing of your returns is often seen as one of the easiest tasks. Yet, that doesn’t mean there aren’t things that can trip you up in the process.

Topics: sales tax compliance sales tax filing
5 min read

Top Sales Tax Terms To Be Aware Of

By TaxConnex on Thu, Oct 15, 2020 @ 11:00 AM

As if understanding your nexus obligations wasn’t confusing enough, you throw in words and phrases like marketplace facilitator, TPP, tax situs and economic vs. physical nexus and even the most advanced finance professionals can be thrown for a loop.

Topics: sales tax compliance sales tax