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Posts Tagged ‘sales tax compliance’

6 Most Common Sales Tax Filing Errors

Sales tax filing and reporting rules vary between jurisdictions in major ways. Each state has their own filing rules. This can make staying on top of return tough, including: Schedules Forms Payment thresholds Other admin requirements By using a few best practices, you can avoid costly fines. Join sales tax compliance expert, John Sallese, from […]

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Drop Shipping and the Manufacturer, Wholesaler, Retailer – A Sales Tax Nightmare

Most would agree that the administration of drop shipments is currently one of the most challenging sales tax scenarios to deal with.  Not only does drop shipping affect the manufacturer, but it can also have an adverse effect on wholesalers, distributors, retailers, and even end users.  To fully understand the taxation of a drop shipment, […]

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Marketplace Fairness Act: What You Need to Know

No doubt you’ve heard about the Marketplace Fairness Act, but do you know what it means and how it could affect your business? Here’s a quick read to learn more about the Marketplace Fairness Act and what it could mean to you. What is the Marketplace Fairness Act? The Marketplace Fairness Act is a current […]

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Automating the Exemption Certificate Lifecycle

Prudent and proactive businesses are constantly investigating and implementing new methods to reduce their sales and use tax audit liability and increase staff productivity because these savings go directly to the bottom line. In today’s economic environment, these goals have taken on added urgency. Virtually all states are experiencing significant revenue drops coupled with higher […]

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Nowhere to Hide in California – The Statewide Compliance & Outreach Program Team Comes a Knocking

Better be prepared to review all of your sales and use tax practices with the State of California.  The State Board of Equalization (SBE) just announced that businesses across the state of California, will be receiving letters from the SBE notifying them about upcoming visits from Statewide Compliance and Outreach Program (SCOP) teams. This round […]

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Taxing the Intangible

Our lives are filled with intangible goods (things that can’t be touched or seen even though money may have been paid to purchase them) and with software-as-a-service and digital goods offerings becoming more mainstream, state lawmakers have begun to sit up and take notice of ways in which to tax these intangible goods. Estimates that […]

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Risky Sales Tax Practices to Stop Now

Sales tax is more complicated than ever and unless your business is 100% compliant with all sales tax laws, you are at risk of incurring penalties and interest in the event of a state audit. The sales tax experts at Avalara have put together a list of 7 Sales Tax Practices to Stop Now in […]

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Consumer Use Tax: Yes, You Really Do Have to Report That!

Last month we talked (blogged) about new sales tax legislation that will likely affect most companies doing business in multiple states, whether online or otherwise. This month let's review another important yet often overlooked facet of sales tax legislation: Consumer use tax. Very few of us truly understand use tax, and even fewer actually comply. […]

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Don’t Mess with Nexus in…Florida? Or California, New York, or Texas!

If your business is expanding, good for you! You’re acquiring new customers, maybe even crossing state lines and venturing into new markets. But before you collect a dime, be sure to educate yourself on the sales tax requirements of any new states you do business in. Nexus (aka the requirement to collect/remit sales tax) laws […]

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The Five-Digit Code That Could Cost You

Here are some fun facts about ZIP (Zone Improvement Plan) codes: The easiest ZIP code to remember is 12345, a unique ZIP Code for General Electric in Schenectady, NY. Due to thousands of letters addressed to Smokey Bear, the US Postal Service gave him his own unique ZIP code (20252). Bristol, TN and Bristol, VA […]

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