Taxes

December 17, 2021 

The end of the year is a good time to take stock of your business, especially if you’re a small business planning to grow in 2022. A year-end review is particularly critical this year, given COVID-19 disruptions.

Gail Cole

December 17, 2021 

Kansas is one of just a few states that taxes groceries at the full sales tax rate. That won’t be the case for much longer if Governor Laura Kelly gets her way.

Gail Cole

December 17, 2021 

The disrupting effect COVID-19 has had on the economy can’t be underplayed. It’s led to factory closures and ship quarantines at port, which has clogged the global supply chain to an astonishing degree. On November 9, 2021, for example, 111 ships were ...

Gail Cole

December 13, 2021 

The Sales Tax Institute has announced Iryna Soares as the recipient of the 2021 Sales Tax Nerd Award. The Sales Tax Nerd Award recognizes sales tax professionals who demonstrate a dedicated passion and commitment to the study and practice of sales tax.

December 3, 2021 

Once a remote seller establishes economic nexus with a state, it must register with the state tax department and begin collecting, remitting, and filing sales tax as required by law. But what happens if that same seller’s sales eventually fall beneath the state’s economic nexus threshold? Can a business cancel its sales tax registration? If...…

Gail Cole

November 23, 2021 

While there is incredible uncertainty as we move into the final months of 2021, there are a couple major events tax teams should be tracking, as their outcomes could make a big difference for the 2022 tax landscape and well beyond.

November 23, 2021 

Taxpayers and tax professionals face a heightened risk in coming months as fraudsters continue to use the pandemic as a way of tricking people into sharing sensitive personal information by email, text message and online. Identity thieves can use that ...

November 15, 2021 

Determination Anywhere is a new patent-pending, cloud-based tax technology platform that sits on top of existing infrastructure – private and public cloud or on-premise solutions – enabling simplified deployment for the fastest, most accurate, and most...

November 10, 2021 

The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for...

Isaac M. O'Bannon

November 9, 2021 

Transitioning from cable to streaming services can increase choice and reduce costs for consumers, but the more people cut the cord, the less tax revenue local governments receive. That’s the crux of ongoing David-versus-Goliath-style battles in Texas ...

Gail Cole

November 3, 2021 

Part of Shopify Markets, the new duty and import tax feature natively uses Avalara technology and content to generate landed cost pricing to determine duty and import tax requirements for more than 180 countries. Avalara also announced the expansion ...

November 2, 2021 

Global tax software provider Sovos has expanded its customer base 164% through acquisitions and organic growth since the beginning of its fiscal year in July. While the digitization of tax and continuous transaction controls (CTCs), like e-invoicing, ...