December 3, 2021
Once a remote seller establishes economic nexus with a state, it must register with the state tax department and begin collecting, remitting, and filing sales tax as required by law. But what happens if that same seller’s sales eventually fall beneath the state’s economic nexus threshold? Can a business cancel its sales tax registration? If...…
October 18, 2021
Ecommerce was already driving changes for businesses before the Wayfair ruling, with many having customers across the U.S., but with little or no requirements to comply with other states’ sales tax obligations. The pandemic greatly increased the role ...
September 23, 2021
The West Virginia State Tax Department recently clarified that although digital products are exempt from sales and use tax in West Virginia, streaming services are subject to West Virginia sales and use tax. This is at odds with West Virginia’s earlier guidance. Previously, the Tax Department suggested it didn’t tax streaming services. It’s possible to...…
August 25, 2021
Nearly 18 months after the pandemic sent states and local jurisdictions searching for emergency funding to keep citizens services running and help prop up economies, the same localities are making transaction tax a bigger part of their revenue streams.
August 23, 2021
Change is afoot as we come to the end of 2021. As COVID-19 relaxes its stranglehold on the United States, states are considering how tax policies can be adjusted to help mitigate the worst effects of future crises.
August 9, 2021
While there was a time early on when many states copied the South Dakota remote seller threshold of $100,000 in gross sales or 200 individual transactions precisely, this is no longer true. Each state, looking for their own magic set of numbers that ...
August 4, 2021
The Tax & Accounting Technology Innovation Awards honor new technologies that help accounting firms and their small business clients operate more efficiently and profitably through improved workflow, increased accessibility, or enhanced collaboration.
July 27, 2021
A tsunami of trouble is on the way for millions of businesses, and most don't know it's coming.
July 27, 2021
Change is afoot as we come to the halfway mark of 2021. As COVID-19 relaxes its stranglehold on the United States, states are considering how tax policies can be adjusted to help mitigate the worst effects of future crises. Across the Atlantic, the ...
July 1, 2021
On June 30, 2021, Missouri became the last state with a sales tax to require out-of-state sellers and marketplace facilitators to collect and remit sales and use tax. It’s been a long time coming.
June 22, 2021
Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income. An executive summary of the survey, which ...
June 18, 2021
It’s been three years since the Supreme Court of the United States issued the game-changing decision on South Dakota v. Wayfair, Inc. Businesses are still learning how to manage the aftereffects of this groundbreaking event, even as they navigate the ...