Chanel Christoff Davis finalist for the D CEO 2024 Financial Executive Award
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
13h ago
We are thrilled to announce that Chanel Christoff Davis, our CEO, is a finalist for the 2024 Financial Executive Awards, a prestigious initiative brought to you by D CEO in collaboration with Financial Executives International, Association for Corporate Growth Dallas-Fort Worth, and TXCPA-Dallas. This year’s roster of 54 honorees represents the pinnacle of financial expertise and leadership. Each individual has profoundly impacted their respective organizations, embodying the core values of innovation, integrity, and resilience, and their contributions are commendable. Mark your calendars ..read more
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Texas Sales and Use Tax
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1w ago
Navigating the ins and outs of sales and use tax is crucial to business operations and consumer transactions in Texas. Texas imposes a state sale and use tax rate of 6.25 percent on a wide array of retail sales, leases, rentals of most goods, and taxable services. Local taxing jurisdictions, encompassing cities, counties, special purpose districts, and transit authorities, have the power to levy additional sales and use taxes. In specific regions, consumers might pay up to an extra 2 percent on top of the state rate, culminating in a maximum combined rate of 8.25 percent. Understanding these t ..read more
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Proposed Alaska Statewide Sales Tax
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1w ago
AL: Alaska Governor Mike Dunleavy is contemplating introducing a sales tax, which would significantly alter the state’s tax landscape. Currently, Alaska stands out as one of the five states in the U.S. without a statewide sales tax, a unique position it shares with New Hampshire, Oregon, Montana, and Delaware. While Alaska does not currently have a statewide sales tax, it’s important to note that many local jurisdictions already levy some form of sales tax, ranging from 1% to 7%. This indicates familiarity and readiness among Alaskans for streamlined sales tax collection and remittance. Approx ..read more
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Happy International Women’s Day!
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
2w ago
Happy International Women’s Day! Today, we’re celebrating the incredible achievements of women worldwide in every aspect of life. From breaking barriers to shattering glass ceilings, women are paving the way for a brighter, more inclusive future. At Davis Davis & Harmon LLC, we’re proud to highlight some of the brightest, most talented, and innovative women in the sales tax industry. They represent the heart and soul of our firm, leading the charge as we support the largest corporations in the world. Let’s continue to uplift and empower women in every sector because when women succeed, w ..read more
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Celebrating Black History Month
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1M ago
WBCS Southwest is celebrating Black History Month! A time known for celebrating the legacy of Black Americans, and highlighting the impact they have made in our community. As our region continues to rise in the list of top places for women-owned businesses to thrive and scale, we want to recognize the pivotal role black women owned businesses continue to have throughout our nation. As a network, we are dedicated to learning more about Black History through the lives of the black women business owners who have and will continue shaping a future where black women in business have access to oppo ..read more
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Navigating Sales Tax Nuances in Manufacturing
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1M ago
In the realm of sales tax, the definition of “manufacturing” holds significant weight, often revolving around the physical transformation of tangible personal property (TPP) through the application of materials and labor. However, understanding your tax obligations and exemptions amidst the intricacies of each state’s regulations is crucial for businesses operating in the manufacturing sector. Key Definitions: Industry Definition: States like Ohio and Texas define manufacturing as changing the state or form of a material to facilitate its sale. Texas, for instance, grants exemptions for ..read more
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Navigating Colorado’s Home Rule Municipalities and Sales Tax Regulations
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1M ago
Colorado’s sales and use tax regulations landscape is undergoing significant shifts, mainly concerning economic nexus provisions and the role of home rule municipalities. Colorado state and local sales taxes, the implementation of sales and use tax simplification programs, and the response of self-collecting home rule municipalities, particularly in light of the Colorado Municipal League’s Model Ordinance on Economic Nexus and Marketplace Facilitators. In Colorado, municipalities can adopt “home rule” status, granting them autonomy in local and municipal matters, including sales tax regulatio ..read more
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Digital Products Subject to Georgia Sales and Use Tax
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
2M ago
GA: Effective January 1, 2024, sales of specified digital products, other digital goods, and digital codes sold to an end user in Georgia are subject to Georgia sales and use tax, provided that the end user receives or will receive the right of permanent use of such products, goods, or codes. The transaction is not conditioned upon continued payment by the end user. The tax will apply regardless of whether possession of the specified digital products, other digital goods, or digital codes is maintained by the seller or a third party. “Specified digital products” means digital audio-visual work ..read more
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TX: Taxable Services – Data Processing
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
5M ago
TX: Understanding the “taxable services” concept in Texas is essential for businesses and service providers. These services cover various categories, each with specific details and exemptions. Data processing services are taxable services in Texas.   What is Taxable Data Processing? Taxable data processing services in Texas are defined in Tax Code Section 151.0101. This category includes various services where computers are used for word processing, data entry, production, compilation, storage, or manipulation. It’s important to note that 20% of the charge for data processing service ..read more
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Sales Tax registrations are crucial for your business’s compliance and growth.
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
5M ago
Sales Tax registrations are crucial for your business’s compliance and growth. Sales Tax is a government-imposed levy on the sale of goods and, in many cases, services—the funds collected from sales tax support public services and projects. Why Do You Need to Register for Sales Tax? Legal Compliance: Registering for sales tax is often a legal requirement. Non-compliance can lead to penalties and legal issues. Avoiding Future Hassles: It ensures you’re set up to collect and remit the appropriate tax, preventing problems. Professionalism adds credibility to your business, showing customers ..read more
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