March 1, 2021
While an economic downturn had long been anticipated, no one expected a pandemic would plunge the globe into economic chaos with such exacting scope and speed. When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act in ...
February 5, 2021
There’s been a lot of emphasis in recent years on the United States Supreme Court’s 2018 decision in South Dakota v. Wayfair, Inc., which allowed states to tax businesses with no physical presence in the state. However, physical presence in a state ...
February 3, 2021
For CPA firms that do not have the resources to execute these measures, outsourcing sales and use tax compliance to a trusted partner can be a valuable alternative. To learn more about advising your E-Commerce clients on sales tax compliance in ...
January 7, 2021
A cloud sales tax returns solution designed exclusively for accounting firms, MRA enables firms to extend their practice with automated sales tax preparation and filing services, to provide clients with the benefits of a fully managed returns service.
November 24, 2020
The American Institute of CPAs (AICPA) has announced that N.C. State University’s Poole College of Management’s Roby Sawyers, Ph.D, CPA, has received its Arthur J. Dixon Award. Also, Grant Thornton’s Jamie C. Yesnowitz, J.D., L.L.M. and Jeff Martin, ...
November 20, 2020
Because of the new challenges brought forth by the pandemic, we added a new category this year for COVID-19 response for tax and accounting,” said Brian Peccarelli, chief operating officer of Customer Markets for Thomson Reuters.
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November 9, 2020
Kansas isn’t alone in taxing remote sales, but it is unique. Following the Wayfair decision, legislatures in most states adopted economic nexus laws requiring certain out-of-state businesses to register then collect and remit sales tax.
November 9, 2020
The California Department of Tax and Fee Administration (CDTFA) is being sued for “crushing thousands of small business owners” by holding Fulfillment by Amazon sellers liable for back sales tax. The Online Merchants Guild, a trade association for small online businesses, is the plaintiff. The language of the suit is at times inflammatory: It warms...…
November 5, 2020
Avalara has acquired the operational assets of Business Licenses, LLC, a company that provides software and services for the research, acquisition, and management of business licenses, registrations, and permits for businesses of all sizes.
September 24, 2020
The coronavirus (COVID-19) pandemic has made selling online essential for many businesses. Economic nexus and marketplace facilitator laws obligate many online sellers to register in states where they have no physical presence.
September 22, 2020
The flurry of activity at the city and district levels indicates that taxes will continue to play a major role in the post-COVID economy. Future adjustments could take the form of a tax decrease to stimulate economic activity.
September 21, 2020
The burden of compliance starts as soon as a business starts making sales in an economic nexus state, because it’s necessary to determine whether economic nexus has been established. All states except Kansas provide an exception for companies selling ...