Navigating the Complex World of Sales and Use Tax
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1w ago
Mastering the intricate world of sales and use tax can be a formidable task for any business. However, as a CPA, accounting firm, or advisory firm, your specialized knowledge is a vital asset in guiding clients to effectively manage their finances and maintain compliance. Your role in staying abreast of the complexities of sales and use tax is paramount. As businesses grow and expand, they often face increased sales tax obligations. Sales growth or entry into new markets can trigger additional tax liabilities, especially when expanding into new states. Similarly, adding new employees, location ..read more
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Celebrating National Donut Day: A Sweet Treat and a Sales Tax Twist
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1w ago
National Donut Day is upon us, and it’s the perfect excuse to indulge in one of the most beloved treats across the country. Whether you spell it “donut” or “doughnut,” there’s no denying the universal appeal of these delicious, deep-fried confections. As you prepare to celebrate, it’s worth considering a less tasty but equally important aspect of your purchase: sales tax. National Donut Day, celebrated on the first Friday of June, has a rich history dating back to 1938. Established by The Salvation Army in Chicago, it honors the women who served donuts to soldiers during World War I. These “Do ..read more
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CT: Unique Tax Exemption for Professional Athletes
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
2w ago
CT: In Connecticut, professional athletes enjoy a unique tax benefit that sets them apart from their peers in other states. The state allows these athletes to write off clothing and personal safety equipment expenses. However, it’s important to note that this exemption is specific and limited to items that can be worn, such as life vests, bike helmets, and other safety gear. There may be certain restrictions or limitations on the types of gear that qualify for this exemption, which athletes and their tax professionals should be aware of. This tax provision recognizes the unique needs and expen ..read more
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TX: New Sales Tax Laws: What You Need to Know
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
3w ago
TX: In 2024, Texas introduced significant updates to its sales tax laws. These changes aim to modernize the tax system, address the rise of e-commerce, and ensure fair taxation across the board. Here’s a quick rundown of what you need to know. Key Changes 1. Economic Nexus for Remote Sellers: New Threshold: Remote sellers must collect and remit Texas sales tax if they exceed $100,000 in gross revenue from sales into the state over the past 12 months. Impact: This affects businesses selling into Texas from other states, requiring them to register for a Texas sales tax permit and upgrade their ..read more
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TX: Demystifying Sales Tax on Streaming Services
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1M ago
TX: In the ever-evolving landscape of digital consumption, streaming services have become ubiquitous, offering a vast array of entertainment options at our fingertips. However, amidst binge-watching and playlist curating, it’s easy to overlook the tax implications associated with these services, particularly in a state like Texas. As of now, Texas imposes a sales tax on streaming services. If you subscribe to platforms like Netflix, Hulu, or Spotify, you may notice sales tax added to your monthly bill. While the concept of taxing digital services might seem relatively new, it’s part of a broad ..read more
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The Benefits of Choosing Service Providers for Sales Tax Issues
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
1M ago
Navigating the intricate world of sales tax compliance is a challenge many businesses face. While some may opt for DIY solutions or software, others turn to service providers for assistance. Here’s why: Expertise: Service providers specialize in tax matters, offering deep knowledge and guidance tailored to your business’s needs. Their expertise ensures accurate compliance and minimizes risks. One of the key benefits of outsourcing sales tax tasks to service providers is the significant relief from administrative burdens. They handle everything from data collection to filing, freeing ..read more
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Navigating Sales Tax in the Construction Industry
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
2M ago
Construction contractors are no strangers to challenges. They contend with labor shortages, supply chain disruptions, and a maze of regulations. Amidst this tumult, the specter of sales tax looms large, adding another layer of complexity to an already demanding industry. Unlike many businesses, construction companies often grapple with sales tax due to the nature of their operations. While most services are typically exempt from sales and use tax, the multi-state nature of construction contracts necessitates a keen awareness of sales tax obligations. Navigating these obligations is m ..read more
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Team DDH at the Inaugural AT&T and Ericsson Supplier Diversity Tech Summit.
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
2M ago
Team DDH was thrilled to be part of the action at the Inaugural AT&T and Ericsson Supplier Diversity Tech Summit! Rubbing shoulders with tech giants, diving deep into 5G innovation.  For more pictures and information, visit our Instagram page https://www.instagram.com/salestaxhelp/ About Davis Davis & Harmon LLC – Sales Tax Experts: Headquartered in Dallas, Texas, Davis Davis & Harmon LLC – Sales Tax Experts specializes in sales/use tax refund recovery and audit defense. Our team of consultants is comprised of former Big 4 sales tax consultants and state sales ..read more
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Chanel Christoff Davis finalist for the D CEO 2024 Financial Executive Award
Davis & Davis LLC | Texas Sales Tax Blogs
by Chanel Christoff Davis
3M 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
3M 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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