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...
by Candy | Sep 2, 2021 | Business, COVID-19, Featured, Sales Tax, Taxes
As we come to the middle of 2021, the fears of many state and local government brought about by the pandemic have lessened. Many regions were rattled as the economy shut down, and for good reason. Mike Bernard, the chief tax officer for transaction tax at Vertex,...
by Candy | Jun 24, 2021 | Featured, Sales Tax
Are you a gig worker earning income from companies such as Uber or Airbnb? Or perhaps you sell your goods on Ebay or Etsy. Did you not claim income on your tax return because you didn’t keep good records and didn’t receive a 1099-K for they year? I have important...
by Candy | May 25, 2021 | Business, COVID-19, Featured, Sales Tax, Taxes
According to Accounting Today, sales tax has increased to levels that haven’t been seen in over ten years. This means that during the pandemic, many companies had to collect even more tax revenue from online shopping. Vertex, a tax tech company, said there...
