How Recent Sales Tax Changes May Affect Your Industry

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If you have read the news lately, then you are likely aware of sales tax changes looming on the horizon. Sales tax requirements vary by state, product and industry. Reviewing and keeping track of all of the rules and regulations can take significant time and resources. How do you keep up with it all? In the last few weeks alone, there have been a number of announcements on the state and local level. Here are a few recent examples:

  • Ohio and SST. Ohio will enjoy full membership to the Streamlined Sales Tax Project as of January 1, 2014. This should make it easier for out-of-state companies who make sales in Ohio to voluntarily collect and remit sales tax.
  • Massachusetts repeals computer software and services tax. You’ve heard of tax collectors going out of their way to collect sales tax, but since when do they go out of their way to give money back? Since now, apparently at least in Massachusetts. Companies who filed returns and submitted payments under the tax between July 31 and September 27 are entitled a full refund.
  • Wisconsin’s new filing frequencies.  If you file in Wisconsin, your filing frequencies may be changing. Wisconsin Department of Revenue announced new filing frequencies taking effect January 1, 2014. These will be determined “based on remittances for the year ending October 31, 2013.”
  • Utah sweetens sales tax for remote sellers. Utah is taking a new approach to encourage remote sellers to voluntarily collect and remit Utah sales tax. House Bill 300, taking effect January 1, 2014, allows remote sellers who voluntarily collect in Utah to retain 18% of the sales and use taxes they would otherwise remit to the Tax Commission.  Will remote sellers consider 18% worth their time.

These changes may not directly apply to your business, but what about if federal lawmakers move on the Marketplace Fairness Act of 2013? Do you know what the implications will be for your industry? Some businesses are incorrect about their assumptions regarding pending legislation and nexus creating activities, putting themselves at risk for a costly negative audit.

Join Avalara for a free, 30 minute educational webinar to learn about the current state of sales tax legislation, key issues for the manufacturing, distribution, software and technology, e-commerce and services industries, and how you can stay ahead of the changes:

Sales Tax Changes In Your Industry
November 21, 2013, 10am PT/1PM ET
Register Now!

By Avalara, Sales Tax Automation Solutions for Microsoft Dynamics

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