Posts Tagged ‘Sales Tax’
4 Considerations for Dentists Before Selling to a DSO
At a glance Schedule a free consultation today The full story: There is so much more to owning a dental practice than caring for patients. Critical business management and operational tasks comprise a large portion of what you do every day — and sometimes, they can be the most time-consuming aspects of your job. That’s…
Read MoreAre Payment Facilitators Subject to Sales Tax? 4 Questions to Consider
At a glance: The main takeaway: Sales tax guidance is ever-evolving and differs by state, which means payment facilitators need to understand exactly how rules apply to their unique business activities. Impact on your business: With the help of an experienced CPA, there are four basic questions you should consider to appropriately determine your sales…
Read MoreInternational Companies Face a Tangled Web of Tax Rules
Amazon’s massive online marketplace has been a boon to hundreds of thousands of merchants across the globe, offering immediate exposure to buyers in 180 countries. Amazon rents space in more than 150 giant warehouses dotted across the globe, and offers “Fulfillment by Amazon” services that make it easier than ever for sellers to reach consumers…
Read MoreStates can now force retailers without physical presence to collect sales tax, Supreme Court says
On June 21, 2018, the United States Supreme Court issued its opinion in South Dakota v. Wayfair, Inc.,[1] in which the Court, by a 5-4 vote, overruled over 50 years of precedent established by its rulings in Quill[2] and Bellas Hess,[3] and held that the physical presence nexus rule is “unsound and incorrect.”[4] This case…
Read MoreMissouri Rules That Nonprofit’s Bakery Sales Are Taxable
Typically, when a not-for-profit company has tax-exempt status under section 501(c)(3) of the Internal Revenue Code, it is assumed that the company is…
Read MoreContracting with Third-Party Fulfillment Centers in Virginia Creates Nexus for Sales Tax
As the retail industry continues to evolve in the online marketplace, many smaller companies are using third-party fulfillment networks to store their…
Read MoreAlabama and New York Rule that Purchase Mark-Up Method Allowed for Sales Tax Audits without Adequate Sales Records
We are often asked how to prepare for a sales and use tax audit. One of the keys to a successful audit is to have maintained adequate supporting records…
Read More2017 Multi-State Legislative Update: Sales Tax Economic Nexus
Several states have passed legislation requiring remote sellers to pay sales and use tax when they exceed a certain threshold.
Read MoreMinnesota and Masschusetts Hold Individuals Personally Liable for Unpaid Sales Taxes
As these cases demonstrate, business owners and officers can be held personally liable for their company’s unpaid sales taxes.
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