5 min read

Sales and Use Tax for Leasing – Not as simple as you may think

By Brian Greer on Thu, Dec 22, 2022 @ 11:00 AM

This was previously published in Monitor Daily – check out the article now!

https://www.monitordaily.com/opinion-posts/sales-and-use-tax-for-leasing-not-as-simple-as-you-may-think/

Topics: sales tax taxability use tax leasing
2 min read

Sales tax and crypto: Latest developments

By Robert Dumas on Tue, Nov 08, 2022 @ 01:03 PM

Most of us are familiar with the scrutiny placed on cryptocurrencies by the IRS. The next federal 1040 has an even longer set of probing questions about crypto transactions.

Topics: sales tax compliance sales tax taxability
2 min read

Digital advertising tax blocked

By Robert Dumas on Thu, Nov 03, 2022 @ 12:17 PM

A new tax law in Maryland seemed ready to rattle every company that sold digital products in the U.S. But a court has now invalidated the Maryland Digital Advertising Tax.

Topics: sales tax taxability sales tax news
3 min read

Complexities of Sales Tax: Construction

By Robert Dumas on Sat, Oct 29, 2022 @ 11:00 AM

If you’re a construction contractor – especially if you’re engaged in contracts in different states – you have to evaluate your sales tax responsibilities in each state where you have customers.

Topics: sales tax nexus sales tax taxability
2 min read

Tricky items for sales tax (Part 3)

By Robert Dumas on Thu, Oct 27, 2022 @ 11:22 AM

Our Halloween-month look at tricky items concludes with a natural: candy.

Topics: sales tax compliance sales tax taxability
3 min read

Tricky items for sales tax (Part 2)

By Robert Dumas on Tue, Oct 18, 2022 @ 11:00 AM

Our Halloween-month look at tricky items for sales tax continues here with a few items it’s hard to live without…

Topics: sales tax compliance sales tax taxability
3 min read

Tricky items for sales tax

By Robert Dumas on Thu, Oct 13, 2022 @ 11:18 AM

We’re fond of saying that nothing’s ever easy in sales tax. And here we’ll kick off our run toward Halloween with a look at one of the newest and trickiest areas of sales tax: electric vehicle chargers and charging.

Topics: sales tax compliance sales tax taxability
4 min read

The Complexities of Sales Tax On Leases | TaxConnex

By Robert Dumas on Thu, Sep 22, 2022 @ 11:00 AM

Sales tax is complicated no matter the industry you are in. But the leasing industry brings out even more complicated nuances depending on the type of lease, support activities and even the leased item itself.

Topics: sales tax nexus sales tax taxability
4 min read

App purchases and sales and use tax

By Robert Dumas on Tue, Aug 30, 2022 @ 02:10 PM

Many tech companies consider themselves a service provider exempt from sales and use tax. But the 2018 Wayfair decision expanded the definition of nexus and and more of these businesses are now subject to sales and use tax collection, including on one of their product staples: apps.

Topics: sales tax taxability software
4 min read

Taxability for Contractors

By Robert Dumas on Thu, Aug 25, 2022 @ 11:00 AM

A contractor is generally defined as someone who provides improvements to real property on a lump sum contract basis. From a sales and use tax perspective, there isn’t much of a difference between a subcontractor and a prime or general contractor. 

Topics: sales tax compliance taxability
3 min read

Gross vs. taxable sales: Which count toward economic nexus?

By TaxConnex on Thu, Jun 30, 2022 @ 03:07 PM

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

Topics: sales tax compliance sales tax taxability
2 min read

The 'XYZ Letter' and your sales tax compliance

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
4 min read

Are travel services taxable?

By Robert Dumas on Thu, Jun 16, 2022 @ 02:17 PM

Summer vacation season is here – and it’s yet another area where sales tax shows up.

Topics: sales tax compliance taxability economic nexus
3 min read

Gross vs. taxable sales: Which count toward economic nexus?

By Robert Dumas on Tue, Jun 14, 2022 @ 11:00 AM

Determining your sales tax obligations hinges on if your products or services are taxable and whether you have sales tax nexus which can be defined as either a physical presence or economic presence. That by itself is confusing enough, and unfortunately it gets more confusing.

Topics: sales tax compliance taxability economic nexus
4 min read

5 Common Sales Tax Mistakes That Can Put You At Risk for Non-Compliance

By Robert Dumas on Thu, May 05, 2022 @ 11:54 AM

You’re trying to run a business and sales tax is not at the forefront of your plans. Nevertheless, you can do a quick check for the most common errors. Make sure you aren’t making these common tax mistakes to ensure you have sales tax in order and aren’t at risk for penalties and fees in the case of an audit.

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

The Risks and Repercussions of Non-Compliance

By Robert Dumas on Tue, Apr 26, 2022 @ 11:00 AM

Not paying attention to your sales tax obligations is never wise. 

True, it’s a relatively new requirement to collect sales and use tax from remote customers, but it’s one the taxman has always taken seriously from businesses – and that seriousness is only intensifying. 

It’s also mostly up to you to determine your sales tax obligation, and the rules for complying change frequently. A recent TaxConnex survey found that four out of five respondents were not confident about how their company handled its sales tax obligations.

Topics: sales tax compliance sales tax taxability economic nexus