by candy | May 20, 2024 | Featured, Sales Tax
In the dynamic realm of sales tax, businesses are set to face increased scrutiny in 2024, driven by technological advancements, evolving legislation, and economic pressures. According to a recent report from tax compliance technology provider Avalara, several key...
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...
