August 23, 2022
Lower-Cost Netflix Could Hurt State Sales Tax Collections
Senior executives confirmed in June that Netflix is moving quickly to roll out the ad-supported service option.
Sales Tax August 23, 2022
Avalara Honored with SAP Pinnacle Award for Automating Time-Consuming Tax Compliance
Avalara was recognized as the top new partner application in SAP’s Intelligent Enterprise Innovation award category. SAP’s Intelligent Enterprise initiative aims to apply advanced technologies and best practices within agile, integrated business processes to help companies run at their best.
August 16, 2022
3 Ways the Right Technology Eases the Sales Tax Compliance Burden
When employees are tasked with maintaining sales tax compliance, but are neither trained tax professionals nor have sales tax as a core job responsibility, a toll will be taken on businesses and workers alike.
August 15, 2022
The Unintended Consequences of Tax Regulations
Sales tax is meant to be a means for states and local jurisdictions to pay for things like schools, roads and public services, but there can be unintended consequences.
Sales Tax August 2, 2022
U.S. Sales Tax Reached All-Time High
Historically, over the past 60 years, it has been shown that during adverse economic cycles, the sales tax provides a much more consistent method of funding relative to the income tax.
Taxes June 30, 2022
The Evolution of Nexus and its Implication for Income Tax
Although Wayfair was strictly a sales tax case, states have also begun to assert economic nexus for income tax purposes. Unlike sales tax, currently only a handful of states...
June 21, 2022
In-Store Retail is Making a Comeback
More than half of consumers surveyed now prefer to find new products in-store rather than online, according to a new report by 5WPR. They enjoy speaking with sales people, getting their hands on products, and simply basking in the in-store ambiance ...
Sales Tax June 21, 2022
Brick-and-Mortar Companies Face Challenges Selling Online
More than half of consumers surveyed now prefer to find new products in-store rather than online, according to a new report by 5WPR. They enjoy speaking with sales people, getting their hands on products, and simply basking in the in-store ambiance that was closed to them for a time due to COVID-19. Likewise, more than 75% of…
June 14, 2022
Wayfair Continues to Deal Out Complexity with Marketplace Laws
Four years ago this month, the Supreme Court of the United States rocked the world of retail with its ruling on South Dakota v. Wayfair, Inc. (June 21, 2018). The decision allowed states to tax remote sales — those made by businesses with no physical ...
June 11, 2022
What Brick-and-Mortar Businesses Need to Know About Compliance
Automating compliance tasks can help brick-and-mortar retailers thrive in new situations.
May 19, 2022
How to Protect a Business as Sales Tax Audits Surge
From a tax revenue perspective, many states fared well during the pandemic. Now, however, with supply-side pressure and inflation concerns, states are anticipating a significant reduction in sales tax revenue.
May 3, 2022
6 Tips for CPAs Advising VC-Backed Startup Clients
Startups have unique needs and requirements, and startup founders face complex accounting and tax situations such as venture capital due diligence, cash flow management, compensation issues, and more. As CPAs it’s an exciting opportunity to provide ...