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Unclaimed Property: What is it? Do you have it? And what to do about it? Webinar

Unclaimed property compliance requirements have been in effect for many years.  However, many states have not aggressively pursued the collection of unreported property until recently.  As a result, many companies have failed to fully comply and are now facing unexpected compliance responsibilities and liabilities, as well as audit inquiries for prior periods as states move to supplement their budgets.

 

Save Time & Eliminate Guesswork with Effective Tax Research Webinar

Conducting sales tax research is a vitally important task, and there are many reasons you may need to do it. Your boss just found out about a new sales tax law, and she needs you to understand how it applies to your company’s operations, fast! Your business is selling a new line of products, and you need to find out how sales and use tax applies to them. Or maybe your business is entering a new market or state, and you need to understand the sales and use tax laws for that state.

 

Software & Cloud Taxation Made Clear Webinar

Determining how sales and use tax apply to software and the cloud can be intimidating for even experienced tax professionals. There are many reasons why. Sales of software, cloud computing services, software-related services and digital goods can be taxed differently on a state-by-state basis. Even the way in which software is delivered (tangible vs. electronically vs remotely accessed) and whether it’s prewritten or custom can mean the difference between the sale being taxable or exempt.

 

Oklahoma Enacts Tax Amnesty Program

Oklahoma has enacted legislation directing the Oklahoma Tax Commission to establish a tax amnesty program that will run from September 1, 2017 through November 30, 2017. Eligible taxes include sales and use, mixed beverage, gasoline and diesel, gross production and petroleum excise, corporate and personal income, and personal withholding tax. Eligible taxpayers would be entitled to a waiver of penalty, interest, or other collection fees due on the eligible taxes if the they voluntarily file returns and pay taxes due during the course of the amnesty program.

Massachusetts Issues Economic Nexus Directive for Remote Sellers

On April 3, 2017, the Massachusetts Department of Revenue issued a directive with economic nexus provisions for out-of-state internet sellers. It adopts an administrative bright line rule, instead of applying sales and use tax collection requirements on a case by case basis. Per the directive, an internet seller with a principal place of business located outside the state is required to register, collect and remit Massachusetts sales or use tax on sales into the state as follows:

 

VAT Primer: Fast-Track Your Path to Mastery Webinar

In today’s marketplace, many businesses are operating on a global scale and not just in a single country. To support customers that can be located anywhere, businesses often have a complex supply chain that allows them to service customers beyond their border. If you’re only familiar with how US sales tax works, this is where the difficulty comes in.

 

Big Sales Tax Changes and You - 2017 Edition Webinar

2017 is turning out to be a banner year for sales tax developments. From new types of nexus legislation to states’ expansion of the sales tax base to important updates on Colorado’s reporting requirements legislation, it’s been a busy year. And that means there is a lot of new information to stay on top of. Not knowing about the latest developments could mean your business is not sales tax compliant.

 

Taxation of Rentals & Leases of Equipment & Property - Not Just for Lessors Anymore! Webinar

Rentals and leases can be a tricky subject when it comes to sales tax. It’s easy to get tripped up when the sales tax treatment of rentals and leases vary from state to state. But understanding the different ways that they can be taxed is important in knowing how these transactions should be treated so mistakes aren’t made.  

 

For anyone who deals with rentals and leases as either the lessor or the lessee, being able to identify the different situations that can arise and knowing how to treat them for sales and use tax purposes is essential.

 

South Dakota Court Rules that State’s Economic Nexus Legislation is Unconstitutional

On March 6, 2017, the South Dakota Sixth Judicial Court ruled that the state’s economic nexus legislation is unconstitutional. The legislation – which became effective May 1, 2016 – requires remote sellers without a physical presence in the state to collect and remit South Dakota sales and use tax on sales in the state if the retailer makes in-state sales exceeding $100,000 or makes 200 or more separate sales transactions in the previous or current calendar year. In the ruling, the state acknowledged that under Quill Corp. v.

Colorado Use Tax Notice and Reporting Requirements Become Effective July 1, 2017

The Direct Marketing Association has reached a settlement agreement with the Colorado Department Revenue in regards to its lawsuit over the state’s use tax notice and reporting requirements. Pursuant to the settlement agreement, the use tax notice and reporting requirements legislation becomes effective on July 1, 2017. Per the agreement, the Department of Revenue will waive penalties for non-collecting retailers who fail to comply with the legislation prior to July 1, 2017.

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