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.

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.

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.

As we saw last time, sales tax holidays are continuing to enjoy a heyday this year. Here are the back-to-school and clothing holidays that start in August.

Returning to class probably doesn’t make too many students think of the word “holiday,” but tax jurisdictions have other ideas.

Almost five years ago, the Supreme Court’s Wayfair decision was heralded as a revenue gateway for almost all states to require remote sellers to collect and remit sales tax. Thresholds were established, filing forms and deadlines fixed and one by one states waited for the money to roll in (with Florida and Missouri among the latest of the 45, with Alaska perhaps soon to join them).

Call it a sales tax or a delivery fee of 27 cents. Just don’t call Colorado the only state implementing or considering such a surcharge on online sales: New York lawmakers will soon debate their own and Minnesota’s kicks in next year.

Alaska Gov. Mike Dunleavy is reportedly preparing to introduce a sales tax as part of a long-term budget plan for the state.

If you refer to “filing taxes” most people think of income tax with its annual filing requirement. State sales tax is another beast altogether, with a dizzying number of deadlines – and, potentially, serious consequences for missing one.

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 so far this year.

Everything old is new again – and that goes for ideas of a national sales tax. H.R.25 of the 118th Congress, the GOP’s “Fair Tax Act of 2023,” is the latest attempt.

The embattled bill, now in committee, was introduced early this year to replace the federal income tax. What’s in the bill? What’s at stake for the revenue of states that already have their own sales tax? And why should eCommerce companies pay attention.

So far this year, multiple states have introduced new exemptions including some on necessities and at least one proposed tax credit on a politically charged kitchen appliance.

At least three states opened this year with proposals to revamp taxes concerning digital advertising and data.

We are excited to share in that we closed out 2022 breaking our annual new business revenue goal! We saw a 40% increase in new sales as compared to the prior year and are set for a great 2023.

States aren’t the only ones who can complicate your life with sales tax: Local governments want to play their part, too. Cities, counties and towns nationwide – which have almost all seen an increase in their sales tax revenues in recent years – constantly tinker with their own sales taxes. The states and local jurisdictions have been the beneficiary of economic nexus over the past four years.

Findings from the third annual Sales Tax Market Survey indicate that a perfect storm is brewing for financial leaders in the new year. Companies still struggle to navigate workforce shortages and retention of internal expertise, yet they remain highly dependent on in-house resources to perform many of the vital functions related to sales tax. Their resources are stretched thin, and bandwidth is reported to be the top barrier for success.