3 min read

5 Situations CPAs Need to Watch for in Managing Their Clients' Sales & Use Tax Risk

By Robert Dumas on Tue, Nov 21, 2023 @ 12:33 PM

In the world of accounting and tax, CPAs, accounting firms, and advisory firms play a vital role in helping individuals and businesses manage their finances and stay within the rules. But one tricky area that often causes headaches is sales and use tax.

Topics: sales tax compliance sales tax sales tax filing
4 min read

A Strategic Timeline for Implementing a Sales Tax Strategy and Process - Part 2

By Robert Dumas on Tue, Nov 14, 2023 @ 11:19 AM

A job as intimidating as setting up a system to handle your sales tax obligations can be a lot easier if you have an idea how long it will take. As with most aspects of sales tax, there are no fixed answers, but we can give you an idea.

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

Your need-to-know: vendor compensations and discounts

By Robert Dumas on Tue, Nov 07, 2023 @ 11:50 AM

Hard to believe if you’ve ever dealt with sales tax jurisdictions, but they will actually give you a break on paying your sales tax in the form of vendor discounts and compensations.

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

What you need to know: “Origin” vs. “destination” states

By Robert Dumas on Tue, Oct 10, 2023 @ 11:15 AM

Does sales tax get charged based on customer location or purchase location? You know our favorite saying – IT DEPENDS! This question is another one of those conundrums that sales tax likes to throw at businesses and in this blog we’ll be examining just that by looking at “destination-based” or “origin-based” rules for sales and use tax purposes.

Topics: sales tax sales tax filing
4 min read

Sales tax processes – beyond software’s promises

By Robert Dumas on Thu, Oct 05, 2023 @ 11:27 AM

Automated sales tax software promises to manage your filing and payments, but there’s more to sales tax compliance.

Topics: sales tax compliance sales tax sales tax filing registrations
4 min read

Understanding sales tax permits

By Robert Dumas on Thu, Sep 28, 2023 @ 11:00 AM

You’ve learned what states you have nexus in and you know where your products/services are taxable. Now it’s time to register with the states to collect and remit sales tax. Where to begin?

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

Zero-Due Returns: What They Are and When You Have to File Them

By Robert Dumas on Thu, Sep 21, 2023 @ 11:00 AM

Suppose youre registered for sales tax in a jurisdiction because you have established sales tax nexus. For various reasons though, you don’t have any sales tax to remit. You may think that because you haven’t collected any sales tax, you have no return to file.

Topics: sales tax sales tax filing
3 min read

Time constraints surrounding sales and use tax

By Robert Dumas on Thu, Aug 10, 2023 @ 11:00 AM

Your online business is painfully aware of tax deadlines for income, payroll, property and other local taxes. Sales and use taxes have their deadlines, too – a dizzying number to follow, potentially with bad consequences if you miss even one.

Topics: sales tax compliance sales tax sales tax filing
4 min read

Sales Tax Software vs. Service Providers: Making the Right Choice for Your Business

By Robert Dumas on Tue, Jun 27, 2023 @ 11:00 AM

Staying on top of your sales tax obligations is crucial to maintaining compliance and avoiding costly penalties. However, navigating the complex world of sales tax filing is a lot for a business to manage without the right expertise.

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

You Can't Solve Sales Tax Problems with Technology Only

By TaxConnex® on Fri, Jun 16, 2023 @ 11:00 AM

Since the Wayfair decision five years ago, sales tax compliance has had to become a major priority for businesses with multistate sales.  In fact, 33% of finance professionals rank their top two concerns of managing sales tax as keeping up with their evolving nexus footprint, according to a TaxConnex blind survey conducted at the end of 2022. The survey also stated that over 52% of financial leaders remain relatively unhappy with their company’s approach to managing sales tax.

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

Can a software manage all your sales tax compliance?

By Robert Dumas on Tue, Jun 13, 2023 @ 12:08 PM

Sales tax compliance involves a highly complex set of rules and regulations. These rules change frequently in many jurisdictions, and the question of whether (and how) your company needs to collect and remit sales tax to a certain jurisdiction can be quite difficult to determine.

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

10 steps to manage your sales tax obligations

By Robert Dumas on Thu, May 25, 2023 @ 11:54 AM

Sales tax is complex for businesses of all sizes. If you are a business with customers in multiple states, your scope and risk grows in accordance with the number of states and the sales tax complexities in those states. Sales tax obligations begin with whether you have nexus in a state or other locality. Nexus today largely stems from two main factors – a physical presence or economic presence. Once nexus has been established you must determine if your products/services are taxable. If you have nexus AND your products/services are taxable, then you likely need to register and comply.

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

Amazon Warehouse Does Not Create Physical Nexus in PA

By Robert Dumas on Thu, Sep 29, 2022 @ 02:00 PM

In a decision that may eventually have sales tax repercussions elsewhere, a state court has decreed that an Amazon warehouse creates no physical nexus for a group of online sellers.

Topics: sales tax nexus sales tax sales tax filing
6 min read

5 reasons you need continuity in a sales tax provider

By Robert Dumas on Thu, Aug 25, 2022 @ 12:12 PM

Consistent (i.e., “good”) service is a nice thing to have in any industry. In a field that changes as fast as sales tax, it’s a necessity.

Topics: sales tax compliance sales tax filing
6 min read

7 Indicators It's Time to Switch Sales Tax Compliance Providers

By TaxConnex® on Tue, Jul 26, 2022 @ 11:30 AM

Partnerships, just like your sales tax obligations, evolve over time. Sales tax is not a set it and forget it task, so if you’ve handed things off and aren’t sure how things are going, it may be time for a check-up with your provider.   

Topics: sales tax compliance sales tax filing
2 min read

The XYZ Sales Tax Compliance Letter | TaxConnex

By TaxConnex® on Tue, Jun 28, 2022 @ 11:32 AM

Complying with your sales tax obligations involves a lot of variables – your nexus, taxability of your products, type of customer you are selling to, etc. Another key factor that effects your sales tax obligations is related to exempt transactions and exemption certificates.

Topics: sales tax compliance taxability sales tax filing