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
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
3 min read

Top 10 Sales Tax Developments to Look for in 2020

By Robert Dumas on Thu, Jan 02, 2020 @ 11:00 AM

If you thought 2019 was a confusing year for sales tax, wait for 2020, as more states continue to adjust their sales-tax laws.

Twenty-four states and the District of Columbia added enforcement of economic nexus in 2019, in addition to the 19 that added the burden to online retailers in 2018 after the Supreme Court overruled the physical presence rule in South Dakota v. Wayfair, Inc. More than ever, out-of-state sellers with threshold limits of sales in a given state must collect and remit sales tax.

Economic nexus laws are expected to continue to change in 2020 with updates projected from several states and with the addition of more states adopting Marketplace facilitator laws there is even more to keep watch for.  

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

Localities Look to Hit Retailers with Corporate Income Tax

By Robert Dumas on Thu, Dec 12, 2019 @ 11:00 AM

As if sales tax wasn’t enough for online retailers, some states are working to make retailers pay corporate income tax as well.

The amount of corporate income taxed will be based on the retailer’s local economic activity, similar to how many assess sales tax.  Many of these new laws will kick in next year, giving retailers a Happy New Year gift of more forms to file, more money to shell out and more compliance traps to fall into.

Topics: sales tax news
1 min read

Are States Easing Off Nexus?

By Robert Dumas on Thu, Nov 21, 2019 @ 11:15 AM

Why would states go through all the trouble of enacting economic nexus to grow their tax coffers and then ease off on the restrictions - especially big states like New York and California, which were once expected to garner nine and even ten figures in tax revenue from nexus legislation?

Topics: sales tax nexus sales tax news south dakota vs. wayfair
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

Pennsylvania's Remote Seller Nexus Laws

By Brian Greer on Fri, Apr 12, 2019 @ 08:32 AM

This year the Commonwealth of Pennsylvania is joining a number of other states in the U.S. that have already defined economic nexus for its sales tax as it applies to online sellers.  

Topics: sales tax news sales tax filing
1 min read

Beaufort County's New 1% Tax Will Soon Be Put to Work on New Projects

By Brian Greer on Fri, Dec 28, 2018 @ 11:36 AM

Approximately 58% of the 65,000 voting-aged residents of Beaufort County, South Carolina have approved a 1% sales tax rate hike within the county, which will go far in helping raise some much-needed funds to help the county take on new projects.  The first projects will be getting underway soon now that the funding is in place. 

Topics: sales tax news
1 min read

Lee County, Florida Approves 1/2 Cent Sales Tax For Schools

By Brian Greer on Wed, Dec 26, 2018 @ 11:31 AM

The residents of Lee County are investing in their children and in their futures as they voted to approve a 1/2 cent sales tax increase.  These funds will go directly to schools to help pay for their ever-rising costs of educating the county's 84,000 students. 

Topics: sales tax news
1 min read

Sales Tax Rates Increased in 11 Cities Across Los Angeles County

By Brian Greer on Fri, Dec 21, 2018 @ 11:10 AM

Eleven cities in Los Angeles County saw voters approve an increase in sales tax rates during recent elections.  The election results mirror a trend in the state that has resulted in significantly higher sales tax rates over the past few years.

Topics: sales tax news
1 min read

Topeka, Kansas Half Cent Sales Tax Extends For Another Decade

By Brian Greer on Wed, Dec 19, 2018 @ 11:04 AM

Topeka residents have voted to extend the city's 1/2% sales tax for another 10 years.  Residents cite the main reason for allowing the 1/2% sales tax to continue is in hopes of wrapping up ongoing road work in the coming years.  

Topics: sales tax news
1 min read

Forsyth County Voters Reject Quarter Percent Sales Tax Increase

By Brian Greer on Mon, Dec 17, 2018 @ 10:56 AM

Forsyth County, GA voters have overwhelmingly rejected the proposed sales tax increase that would raise sales taxes 1/4% with 68% of voters saying they are against the increase in tax.  The new sales tax was supposed to help pay for much needed new county courthouse facilities and the leftover money was going to be used to help improve the school system within the county. 

Topics: sales tax news
2 min read

Ohio is First State to Accept Bitcoin for Business Taxes

By Brian Greer on Thu, Dec 13, 2018 @ 10:48 AM

The state of Ohio broke new ground for cryptocurrency when it recently announced that businesses can pay taxes with Bitcoin. 

Topics: sales tax news
2 min read

Redwood City Seeks an Additional Sales Tax Increase

By Brian Greer on Tue, Nov 06, 2018 @ 01:57 PM

Redwood City, California will be asking voters for permission to increase the city's sales tax rate by another half of a cent today as residents hit the ballot boxes for Election Day.  The proposition will allow the city to raise their already rather-high sales taxes from 8.75% to 9.25%.  

Topics: sales tax news
2 min read

Sales Tax News - November 5, 2018

By Brian Greer on Mon, Nov 05, 2018 @ 09:48 AM

Sales Tax From Restaurants Generate Huge Revenue for Waco

Nine new restaurants have opened their doors in Waco, Texas over the past year.  There are now 119 full-service eateries in the city.  That number is up from 110 in October of last year and 103 from October of 2013.  

Topics: sales tax news
1 min read

North Carolina Now Collecting Sales Tax Online

By Brian Greer on Fri, Nov 02, 2018 @ 10:27 AM

Effective November 1, remote sellers including many online businesses are required to collect sales tax from their customers.  This means that shopping online is going to cost the average consumer a bit more money now than it did in the past.  This comes after the US Supreme Court ruling in June of this year in the case of South Dakota vs. Wayfair.

Topics: sales tax news