5 min read

Despite Deadline Delays, Sales Tax Will Still Be Due

By TaxConnex on Thu, Apr 02, 2020 @ 11:00 AM

As businesses adjust to the new norm of working remotely and managing cash more closely than ever, several states are postponing deadlines for filing and paying sales and use taxes, often waiving penalties and interest. In just a few examples, many states are offering 30-day extensions to file and pay, California is offering extensions of up to three months, and Maryland and Massachusetts have pushed their sales and use tax deadlines to June. (see other tax updates here.) 

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

Estimating Your Sales Tax Exposure

By TaxConnex on Tue, Mar 31, 2020 @ 11:00 AM

You’ve determined nexus to exist for your business and understand that your products or services are taxable, but you’ve yet to comply to sales & use tax rules. What’s next?

Sales and use taxes collected on behalf of the government are considered government funds upon collection. Failure to remit taxes collected to the appropriate jurisdiction is considered a criminal offense – the parties thereto connected (including corporate officers) or contributing to the offense could face fines in excess of 50% of the tax amount…and prison.

Topics: sales tax compliance sales tax
1 min read

Top 10 Tips for Tax Compliance in Telecom and VoIP Providers

By TaxConnex on Thu, Mar 26, 2020 @ 11:00 AM

There are many misconceptions when it comes to telecommunication and VoIP taxes. However, if we had to narrow it down to the two most fundamental misconceptions that impact everything else, it would be: 

Topics: sales tax compliance telecom tax
6 min read

2020 Sales Tax Developments

By TaxConnex on Thu, Mar 19, 2020 @ 11:00 AM

Three months in and it’s already been a hectic year on many frontssales and use taxes have been no exception. Developments in 2020 so far include: 

Topics: sales tax compliance sales tax news
2 min read

How to Correct Previous Non-Compliance with Sales & Use Tax

By TaxConnex on Tue, Mar 17, 2020 @ 11:00 AM

Maybe you’ve just figured out that you have nexus and were non-compliant without realizing it, or maybe you’ve been rolling the dice and crossing your fingers you won’t get audited – no matter your situation, if you have established nexus, are selling a taxable product or service into multiple states and aren’t complying with sales and use tax laws -  you have the potential to owe quite a bit in penalties and interest if caught. 

Topics: sales tax compliance sales tax audits VDA
3 min read

Congress Hears Your Problems with Wayfair

By TaxConnex on Thu, Mar 12, 2020 @ 11:00 AM

If your business has been struggling to comply with new sales and use tax laws, Congress is listening.

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

5 Steps to Avoid Sales Tax Risk with M&A

By TaxConnex on Thu, Mar 05, 2020 @ 11:14 AM

As part of the financial terms of any potential transaction, you’re likely looking at the ratio of current assets to current liabilities, revenue and net income growth, operating cash flow, market opportunity, etc.  But what about sales tax? 

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

Responding to a Sales Tax Audit

By Robert Dumas on Thu, Feb 27, 2020 @ 11:00 AM

It happened.  You received a sales tax audit notice from a jurisdiction.  What do you do?

Topics: sales tax compliance sales tax sales tax audits sales tax filing
3 min read

The Role of Technology in Your Sales Tax Compliance Process

By TaxConnex on Tue, Feb 25, 2020 @ 11:25 AM

Technology has radically changed the way consumers buy goods and services.  And while we can easily identify how digital disrupters, like Amazon, Netflix and Facebook have changed our purchasing behavior, a lessor known change is the way they’ve impacted sales tax.  In fact, it’s spurred the largest development in sales tax in over 50 years with the Wayfair case. While the physical presence tests still apply, the Wayfair case dramatically expands the number of businesses subject to sales and use tax obligations.

Topics: sales tax compliance sales tax calculation sales tax filing
3 min read

The Costs of Non-Compliance

By Robert Dumas on Thu, Feb 13, 2020 @ 11:00 AM

Businesses that sell into various states now have to contend with the sales & use tax regulations and requirements of thousands of jurisdictions nationwide. One big question for these businesses is how much time, effort and money do they need to devote to compliance – and do they need to pay attention to it at all?

Topics: sales tax compliance sales tax calculation Now it's all on us
2 min read

WEIGHING YOUR OPTIONS – HOW TO MANAGE SALES TAX COMPLIANCE

By TaxConnex on Thu, Feb 06, 2020 @ 12:08 PM

In light of recent legislation changes, 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.

Topics: sales tax compliance sales tax filing
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