by Candy | Jan 22, 2024 | Sales Tax, Taxes
Inflation-adjusted amounts within the Tax Code are projected to experience a 5.4% increase in 2024, according to a recent report by Bloomberg Tax. This represents a slight reduction compared to the 7.1% surge witnessed this year, nearly double the 3% increase seen in...
by candy | Apr 14, 2023 | Featured, News Letter, Sales Tax
If you are an entrepreneur who is required to collect and remit sales tax in various states, it can be difficult to keep track of what tax rate to charge as well as what your reporting obligations are. Sales tax can already be a tricky subject for business owners, but...
by candy | Dec 30, 2022 | News, Sales Tax
Many states have been challenging the American Rescue Plan Act of 2021 (ARPA) due to its provisions violating basic principles of the Constitution. ARPA was signed into law by President Biden on March 11, 2021. The legislation was designed to help Americans be able to...
by candy | Dec 6, 2022 | Sales Tax, Taxes
The Treasury is currently seeking input from the public about how to create regulations that will oversee the new energy tax benefits. These benefits will include a $7,500 consumer tax credit for purchasing an approved electric vehicle to incentives for manufacturers...
by candy | Oct 4, 2022 | Featured, Sales Tax, Shared
In 2018, the Supreme Court ruled in South Dakota v. Wayfair that states can mandate remote sellers, or those without a physical presence in a state, to collect sales tax from their residents. After the Supreme Court’s decision, some states decided to pass new legal...
by candy | Sep 20, 2022 | Featured, Sales Tax, Shared, Taxes
Although COVID-19 took a toll on our economy, multiple states fared well with tax revenue during this time. Due to consumer spending remaining resilient during the pandemic, states were able to see their tax revenue remain steady or increase. Unfortunately, thanks to...
