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
1 min read

Heart of Dixie Announces Amnesty

By Noelle Ard on Thu, Apr 21, 2016 @ 02:00 PM

Doing business in the Yellowhammer state?  If so, pay close attention! 

The State of Alabama has announced the launch of their 2016 Tax Amnesty Program running June 30, 2016 – August 30, 2016. 

The amnesty program will apply to most taxes administered by the Department of Revenue, however, to confirm visit the new Alabama Amnesty website at http://alabamataxamnesty.com.

Topics: taxability sales tax news
2 min read

Massachusetts Announces Wicked Relief!

By Noelle Ard on Thu, Mar 24, 2016 @ 09:43 AM

Just before the end of 1st quarter, Massachusetts Department of Revenue announced their Tax Amnesty program for 2016, which will be open to all businesses needing to catch up on back taxes, save on typically assessed penalties, and benefit from a limited lookback period on unfiled returns (3 yrs.).

Topics: sales tax taxability
2 min read

Amnesty Anyone?

By Carol McIlvaine on Thu, Sep 03, 2015 @ 03:47 PM

 

Topics: sales tax compliance taxability

Texas Sales Tax Amnesty

By Brian Greer on Mon, Jun 11, 2012 @ 01:37 PM

Texas' amnestry program begins tomorrow, June 12, 2012.  The amnestry program covers sales tax, franchise tax, and other state and local taxes or fees administered by the Comptroller's office, except Public Utility Commission gross receipts assessments.  The program looks to waive both penalties and interest.

Topics: sales tax compliance sales tax taxability
2 min read

Stepping Through Sales Tax Nexus

By Brian Greer on Tue, Nov 08, 2011 @ 07:26 AM

It seems as if everyone is looking for a simple answer or an easy fix these days.  Determining sales tax nexus is no different.  Understanding the general concept is quite simple but applying it to your unique situation is where the difficulty arises.  The reality is that there’s rarely a clear-cut answer.  Sales tax nexus always works in shades of gray.  Sure, having an office in a state will give you sales tax nexus in the state.  But what about a sales rep that travels into the state?  What about having a subcontractor install or repair a piece of equipment for one of your customers.  These are all variables that should be factored in when reviewing sales tax nexus.

Topics: sales tax nexus sales tax taxability VDA
1 min read

Washington Sales Tax Amnesty - A Carrot This Time

By Jeff Meigs on Wed, Feb 09, 2011 @ 08:13 AM

Topics: sales tax compliance taxability sales tax audits
1 min read

What's the Best Way to Resolve Sales Tax Risk?

By Brian Greer on Mon, Dec 13, 2010 @ 10:24 AM

Topics: sales tax compliance sales tax taxability sales tax audits VDA
1 min read

Sales Tax Rate Increase vs. Sales Tax Amnesty

By Brian Greer on Fri, Nov 05, 2010 @ 09:24 AM

Topics: sales tax compliance sales tax taxability sales tax calculation
1 min read

Sales Tax Amnesty - A Carrot or a Stick?

By Brian Greer on Fri, Oct 15, 2010 @ 03:17 PM

Throughout 2010, I’ve noticed an abundance of sales tax amnesty programs being offered to businesses.  Before a business considers an amnesty program, there is work to be done.

Topics: taxability sales tax audits