Taxability is an area that if you get wrong can lead to large amounts of taxes owed, penalties, and interest. Business and their trusted advisors sometimes get this wrong. One area of trouble, in particular, is membership fees.
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By: Priya Sorathia
If you were going to Blockbuster in the ’90s, you probably won’t remember paying sales tax on your movie rental, unlike me who checks for tax on every transaction. Fast forward to the early 2000s, you probably didn’t realize you were paying sales tax on a Redbox rental movie.
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By: Michael J. Fleming, CMI
Sales tax is my passion and I love what I do. Everyday I get to speak with companies and/or their CPAs and other advisors. Most CPAs and other accounting professionals I speak with have a firm grasp of the importance of sales tax, especially in a post Wayfair world.
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