How a Great Season of Sales Can Result in a Great Amount of Sales Tax Responsibility
How a Great Season of Sales Can Result in a Great Amount of Sales Tax Responsibility

By: Jayci Trujillo

Products and companies are seeing an increase in sales and monetization via their eCommerce platforms! Small to midsize companies are blowing up, and this is due to a number of factors! Whether your business had a great season and you saw tremendous sales or your product/business went viral on a social media platform, and you have thousands of new sales. Either way, it is important to understand how sales tax can impact you and your business, what happens when you pass a threshold unexpectedly, when you should worry, and how to move forward.

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Jayci Trujillophysical presence, nexus, economic nexus, thresholds, registrations, VDA, Amnesty, Managed audit
Tax Madness
Tax Madness

By: Jayci Trujillo

Both sales and income tax are not necessarily at the forefront of people's minds when they hear March Madness. However, the annual tournament brings in more than 600 million dollars a year which can result in a lot of taxes. There are many different instances and situations in which people can create unexpected nexus, today we will be elaborating on a few sales and income tax implications.

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Jayci Trujilloincome tax, nexus, taxable income, federal tax, taxability, tangible personal property
Sales Tax Mistakes: How To Avoid Them and How To Find a Reliable Sales Tax Partner
Sales Tax Mistakes: How To Avoid Them and How To Find a Reliable Sales Tax Partner

By: Jayci Trujillo

The NHL's Arizona Coyotes said it has paid $1.3 million in delinquent sales taxes to Arizona after the Department of Revenue filed a public lien against the team. How did this happen? The Coyotes say that they were filing returns each month as required and inadvertently did not hit the "remit" button. They say this was not a deliberate mistake and they are taking steps to make sure it never happens again... So the questions for the rest of us? How do mistakes like this happen? How do we avoid mistakes like this? In September we spoke at the Institute For Professionals in Taxation sales tax conference on choosing a reliable sales tax partner. How do you find a reliable sales tax partner?

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Jayci Trujillosales tax mistakes, sales tax partner, filing returns, remit, penalty, sales tax strategy
Amnesties vs. VDAs
Amnesties vs. VDAs

By: Priya Sorathia

When it comes to sales tax, many people don’t realize that lack of collection and remittance of tax on sales can lead to some pretty hefty penalties, not only civil but in some cases even criminal. If a business discovers that they failed to collect tax in previous years and wants to mitigate past exposure, including the waiver of penalties, both civil and criminal, there are two primary options to achieve this goal.

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Michael FlemingAmnesties, VDA, collecting, Remitting, exposure, Tax amnesty program, Voluntary Disclosure Agreement
Sales Tax And More's Holiday Message
Sales Tax And More's Holiday Message

By: Michael J. Fleming, CMI

At the end of every year, we like to reflect and give thanks. And what a year this has been. The COVID-19 pandemic has been a nightmare for so many businesses and people. We are very thankful for being able to adjust to the new realities. Everyone here is working remotely and none of our employees have tested positive for COVID-19. However, some of our family members have struggled both physically with the disease and mentally from the forced isolation. Again, we are thankful that these family members are doing better.

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Michael Flemingholiday, christmas, new year, happy holiday
Santa May Have To Pay Extra On Your Really Expensive Gifts
Santa May Have To Pay Extra On Your Really Expensive Gifts

By: Priya Sorathia

With the holidays coming up, who wouldn’t mind being gifted a $10,000 piece of jewelry? However, buyers beware! In many states, not only does the purchaser of luxury goods need to pay the normal sales tax, but also a luxury tax. The luxury tax is not just imposed on jewelry, but also on expensive items such as expensive furs, boats, yachts, private jet planes, etc.

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Michael Flemingluxury tax, luxury goods, taxability, luxury
The Taxability Of Clothing Accessories
The Taxability Of Clothing Accessories

By: Ellie Moffat

One of the most common things we are asked about at Sales Tax and More is taxability. Taxability almost always comes down to super-specific factors, and each state has their own ideas on what is and is not taxable. On top of this, there are constant changes in taxability and states are continuously clarifying these specific factors.

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Ellie Moffattaxability, physical component
California Now Pursuing FBA Sellers for Franchise Tax
California Now Pursuing FBA Sellers for Franchise Tax

By: Michael J. Fleming, CMI

Sales Tax and More has been predicting that the next big battle for Amazon sellers who utilize the FBA program is income tax. FBA stands for fulfillment by Amazon. We thought that it would begin about 12-18 months from now after the states got their arms around the sales tax revenues being remitted by Amazon and the other marketplaces on behalf of third-party sellers.

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Michael FlemingFBA, FBA sellers, Amazon, marketplace, eCommerce, PL 86-272
Hustle and Bustle in the Marketplace
Hustle and Bustle in the Marketplace

By: Priya Sorathia

The marketplace is one of the more confusing aspects of sales tax. Many people assume a marketplace facilitator is a platform such as Amazon or eBay, however, in many states the term marketplace facilitator is much more encompassing than what we usually think of as an online marketplace.

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Michael Flemingmarketplace, Amazon
Determining Nexus
Determining Nexus

By: Ellie Moffat

A serious case for Sirius XM Radio Inc. Jennifer Mcloughlin in TaxNotes wrote, “They have asked the Texas Supreme Court to review and reverse an appellate court’s conclusion that the company’s subscription receipts should be sourced based on customer location for franchise tax purposes.” Nexus is not always easily determined and usually depends on many factors from many different angles. There is a lot to know.

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Ellie Moffatdetermining nexus, subscription, service, nexus
How Exemptions Can Help Save Money On Your Purchases
How Exemptions Can Help Save Money On Your Purchases

By: Priya Sorathia

Many companies and individuals inadvertently pay sales tax on purchases that might have in fact been exempt by presenting an exemption certificate to the seller. An exemption certificate is presented by the purchaser to the seller to keep from having to pay sales tax on a purchase. Each state has different laws regarding exemptions but in general, exemptions are based on four main things.

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Michael Flemingexemptions, exemption certificate, nonprofit entites