February 4, 2022
A Look into the Tax Department of the Future
By focusing on the shifting responsibilities of the tax workforce along with the integration of tax technology, businesses can plan for the tax department of the future.
January 26, 2022
States Look at Taxing the Metaverse, But What is It?
Sales transactions are presumed taxable in states with a sales tax (unless there’s a specific exemption or exclusion), most states haven’t yet clarified which sales tax laws apply to sales made in the metaverse. When will they start?
January 18, 2022
Tennessee Starts Accepting Sales Tax Exemption Certificates from Other States
The policy change results from the repeal of Tennessee’s Sales and Use Tax Rule 96, which required Tennessee suppliers to collect Tennessee sales tax on products sold to out-of-state dealers unless such dealers provided a Tennessee resale ...
December 17, 2021
2022 Tax Changes Report Shows Domestic & Global Sales Tax Trends & Updates
The disrupting effect COVID-19 has had on the economy can’t be underplayed. It’s led to factory closures and ship quarantines at port, which has clogged the global supply chain to an astonishing degree. On November 9, 2021, for example, 111 ships were ...
December 3, 2021
How to Back Out of Wayfair: Can a Business De-Register When Sales Drop?
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
Anticipate the Wave of Change: Automating Sales Tax in the Firm
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
West Virginia Imposes Sales Tax on Streaming Services
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
Transaction Tax Will Take Bigger Piece of State and Local Revenue Pie
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
Top Trends in State Sales Taxes and Policies
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
The Growing Need to Streamline Tax Compliance
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
2021 Innovation Awards Highlight Top Technologies for Accounting Firms
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
Accounting Firms Need to Act on Sales Tax Compliance
A tsunami of trouble is on the way for millions of businesses, and most don't know it's coming.