The internet can be a great way to sell your products. For tangible products it’s easy - the order comes in, you process the payment (including sales tax, which you collect and remit to the state) and ship out the package. But what if what you’re selling isn’t a physical product that you ship?
5 min read
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?
1 min read
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
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
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
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.