Sales Tax
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October 2018 Firm Management Channel
Why Accounting Firms Should Niche in the Medical Cannabis Industry By Richard Roppa In case you haven’t noticed yet, the medical marijuana industry is growing fast. No matter your position on the medical and recreational use of marijuana stands, you should be paying attention to the explosive growth and needs of this industry because… the […]
6 Types of Services Subject to Sales Tax
Historically, most states exempted services from sales tax – for a good reason: When states first began to levy these taxes around 1930, people spent more of their money on tangible goods. However, according to the Bureau of Economic Analysis, those ...
The Supremes, Wayfair, and Taxes: What Startups Need to Know
Many states are likely to move quickly to impose taxes (some already have). But it could take time for things to play out. For the moment, the Supreme Court’s decision applies only to South Dakota’s tax on internet retailers.
Avalara Helps Merchants Manage Business Licensing and Tax Registration
Avalara launched the new sales tax registration and business licensing service at a time when businesses, especially online sellers, need it most. The South Dakota v. Wayfair, Inc. ruling in June 2018 upended decades of established sales tax law.
eBay to Start Collecting Sales Taxes in Washington, Oklahoma and Pennsylvania
Online marketplace eBay has announced it will collect and remit sales and use tax on behalf of sellers in three states next year: Washington starting January 1, 2019, and Oklahoma and Pennsylvania as of July 1, 2019. That list is likely to grow as ...
Firm Differentiation, How to Attract New Clients, and the Post-Wayfair Trusted Advisor Role
In a recent interview with Avalara, Jennifer Kolterman, CPA, a director at Hutchinson and Bloodgood LLP in the accounting firm’s San Diego, Calif., office, discussed how she and the firm maintain success in the accounting profession.
As States Rush to Adopt Economic Nexus Post-Wayfair, Is Congressional Action Needed?
It’s hard to escape any discussion of Wayfair these days. This isn’t surprising, as we witnessed history on June 21, 2018, when the U.S. Supreme Court overturned the physical presence standard in South Dakota v. Wayfair. And in doing so, overturned ...
Sales Tax Exemption Certificates: Collect the Tax or Get the Doc
Every transaction between a buyer and a seller should be taxed or documented, which is a lot of work. Instead, many companies take the risk that they won’t get caught, while others assume they are exempt from sales tax collection because they are ...