Sales Tax

Featured Articles

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May 27, 2014 

Infographic Shows Sales Tax Holidays Across U.S.

Sales tax compliance is one of the most volatile issues that many businesses have to deal with, with more than 8,000 taxing jurisdictions across the country. From the state and county-level, to cities and special purpose zones like metro transit authorities.

Isaac M. O'Bannon

 Bitcoin Users: IRS Throws Monkey Wrench Into the Works

May 13, 2014 

Bitcoin Users: IRS Throws Monkey Wrench Into the Works

After several years of head-scratching, the IRS has finally offered guidance on the tax treatment for virtual currencies like Bitcoin (IRS Notice 2014-21). In brief, taxpayers have been advised to treat Bitcoin as property for U.S. tax purposes. But accountants, particularly those with small business clients, are still struggling to get a better handle on…

Ken Berry, JD

 Bitcoin Goes Legit

May 8, 2014 

Bitcoin Goes Legit

One of the leading developers of online sales and use tax automation software has developed the first such system to support bitcoin and other virtual online currencies.

Isaac M. O'Bannon

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April 29, 2014 

Avalara Acquires Zytax Energy Tax Solutions

The online sales and use tax automation provider Avalara, Inc., has acquired the entire line of Zytax energy-related tax automation solutions for U.S. and international jurisdictions. Incorporating Zytax’s products now provides retail fuel and energy companies with a single source for all their transactional tax processing needs. Avalara acquired the Zytax offering from FuelQuest, a…

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April 28, 2014 

Proposed Illinois Soda Tax Losing Its Fizz

Two bills introduced in February call to impose a 1-cent-per-ounce excise tax on sugar-sweetened beverages. For a 12-ounce can of soda, the tax would add 12 more cents. The price of a twelve-pack would increase by $1.44 and another $2.88 would be added to the cost of a 24-pack.

 Ranking the Best & Worst States for Local Taxes

April 21, 2014 

Ranking the Best & Worst States for Local Taxes

The tax season may be over now, with most Americans having filed their returns before last week's April 15 deadline, but federal and state income taxes are just one part of the myriad of taxes that people pay.

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April 17, 2014 

Avalara Offers Free Sales Tax Solution for Small Online Businesses

With the potential of a national sales tax coming, the prospect of trying to comply with many states and local sales tax regulations could be a nightmare for small companies who sell things over the internet. Fortunately, small online businesses and ecommerce sellers now have access to a free sales tax reporting system from Avalara.

Isaac M. O'Bannon

 Illinois CPA Society Partners with Avalara for Sales Tax Data

April 7, 2014 

Illinois CPA Society Partners with Avalara for Sales Tax Data

The Illinois CPA Society and sales tax automation provider Avalara, Inc. have formed a strategic alliance that gives the state's professional association of Certified Public Accountants no-cost access to up-to-date sales and use tax (SUT) and valued added tax (VAT) tools, and related resources to better assist their clients and/or their employers in this rapidly…