5 min read

What's New in Sales and Use Tax?

By Robert Dumas on Tue, Aug 03, 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 filing
1 min read

Sales Tax Complexity Snapshot: Chicago

By Robert Dumas on Thu, Jul 29, 2021 @ 11:00 AM

Sales tax is complex for any business selling into multiple states. But there are specific states and jurisdictions that make it extra confusing for those trying to maintain compliance. One such location is Chicago, Illinois.

Topics: sales tax compliance sales tax filing
2 min read

Resale Certificates: What They Are and How to Use Them

By Robert Dumas on Tue, Jul 27, 2021 @ 11:00 AM

An exemption certificate is used to exempt an otherwise taxable transaction from sales tax. The most common exemption certificate is a resale exemption certificate (aka a resale certificate). In the absence of a valid resale certificate, an auditor is likely to assume the transaction was taxable. As a result, it’s critical for the seller to maintain copies of these resale certificates in the event of an audit. 

Topics: sales tax compliance sales tax filing
4 min read

Calculation vs. Compliance: A Deep Dive into Two Important Pieces of Your Sales Tax Process

By Robert Dumas on Thu, Jul 22, 2021 @ 11:00 AM

For most businesses, sales tax is not a top priority. It probably doesn’t even make the top 5 list! 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 calculation
3 min read

Home Rule: Can Local Jurisdictions Create Sales Tax Obligations?

By Robert Dumas on Tue, Jul 20, 2021 @ 11:00 AM

There’s no way to sugarcoat it: Sales tax obligations are already difficult at the state level, but when you bring it down to local jurisdictions, or home rule jurisdictions, you get the next level of complexity.

Topics: sales tax compliance sales tax news
4 min read

Monthly Sales and Use Tax Update

By Robert Dumas on Thu, Jul 15, 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 that occurred over the last month. 

Topics: sales tax compliance sales tax news
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
3 min read

Legalization and Taxation of Cannabis

By Robert Dumas on Thu, Jun 17, 2021 @ 11:00 AM

Legalization of cannabis and how it would be taxed has been a discussion for many years. But as states continue to pass laws legalizing the sale of cannabis, the businesses trying to capitalize on the market are struggling with the complexities of taxation as it differs from other sales.  

Topics: sales tax compliance taxability
4 min read

Questions to Ask Your Sales Tax Provider Before You Sign the Contract

By Robert Dumas on Tue, Jun 15, 2021 @ 11:00 AM

They said it would be simple.  They said they could automate it all, but in fact, you’re still doing a lot of the work.  Why are you paying more penalties for missed notices and late payments than you were before you started working with your sales tax vendor?  Guess what – we frequently hear these situations from businesses ready to make a switch. The good news is there are other providers that put the client first and ensure sales tax is managed correctly. You just have to know what to ask when investigating your potential provider.

Topics: sales tax nexus sales tax compliance
7 min read

5 Steps to Tracking Your Economic Nexus Footprint

By Robert Dumas on Thu, Jun 10, 2021 @ 11:00 AM

Your sales tax obligations start with whether or not you have sales tax nexus. Without it, you have no obligation to collect and remit sales tax to specific taxing states or jurisdictions. Your sales tax nexus is determined by either a physical or economic presence within a taxing jurisdiction.  

Topics: sales tax nexus sales tax compliance
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
3 min read

Monitoring Economic Nexus Thresholds - Gross Receipts or Taxable Sales?

By Robert Dumas on Tue, May 25, 2021 @ 11:00 AM

Having a full understanding of your sales tax obligations is important for your peace of mind.  But, like most things in sales tax, this is easier said than done. It’s difficult enough to keep up with the different economic nexus thresholds per state, but for some states, the revenue thresholds are based on gross sales, and in other states, they are based on taxable sales. 

Topics: sales tax compliance taxability
4 min read

7 Steps to Make an Easy Transition to a New Sales Tax Outsourcing Provider

By Robert Dumas on Thu, May 20, 2021 @ 11:00 AM

We are approaching the three-year mark of the introduction of economic nexus and the South Dakota v. Wayfair decision.  In order to address their expanding sales tax obligation, many businesses decided to outsource the sales tax process and chose an “automated” solution. If you are one of these businesses, you may now realize that much of the sales tax process falls on your shoulders.

Topics: sales tax compliance sales tax filing