Webinar: Preparing for the Second Wave of Wayfair
Taxify Blog | Everything You Need to Know About Sales Tax
by lkroeker
4y ago
Enforcement: The Teletsunami of Sales & Use Tax DATE: January 29, 2020 TIME: 2:30 pm EST DURATION: 1 hour + Q&A Notices are coming in swells as states shift their focus from development of Economic Nexus definitions and thresholds to enforcement of these updated regulations. Organizations that have waited to update their tax calculation and reporting processes are now feeling the pressure of increased business risk as we face the next wave of Wayfair. Join our webinar to discuss: • The most recent challenges facing businesses • How to simplify reporting for companies of various size ..read more
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Wisconsin’s Baseball Stadium District Tax to End
Taxify Blog | Everything You Need to Know About Sales Tax
by Matthew Gonnella
4y ago
Wisconsin recently recently passed Assembly Bill 73 which will end the 0.1% baseball stadium sales and use tax on March 31, 2020 within Wisconsin’s “Baseball Stadium District” which includes Milwaukee, Ozaukee, Washington, Racine, and Waukesha counties. A copy of the bill can be found here. The post Wisconsin’s Baseball Stadium District Tax to End appeared first on Taxify ..read more
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Florida Reduces Sales Tax for Rentals of Real Property
Taxify Blog | Everything You Need to Know About Sales Tax
by Alex Samuel
4y ago
Florida recently enacted legislation which will reduce the sales tax on rentals of real property from 5.7% to 5.5% effective January 1, 2020. Examples of real property rentals subject to this tax include commercial office or retail space, warehouses, and self-storage units or mini-warehouses. The local option discretionary sales surtax imposed by the county where the real property is located continues to apply to the total rent charged. The post Florida Reduces Sales Tax for Rentals of Real Property appeared first on Taxify ..read more
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5 Predictions for Sales Tax in 2020
Taxify Blog | Everything You Need to Know About Sales Tax
by Chuck Maniace
4y ago
As we sit on the cusp of 2020, we find ourselves living in a world where almost every state imposes tax collection and remittance obligations on remote sellers (an increase of 50 percent from last year) and where a majority of states have enacted rules that impose new tax collection and remittance responsibilities on third party intermediaries, or “marketplace facilitators.” While nothing in sales tax is ever certain, here are a few predictions for what we might see emerge in 2020. 1. Every state with a sales tax will enact a remote commerce collection rule. This means Florida, Missouri and Lo ..read more
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Louisiana Remote Sellers Commission Makes Progress
Taxify Blog | Everything You Need to Know About Sales Tax
by Kaitlyn Smethurst
4y ago
As the Louisiana Remote Sellers Commission moves forward with their plan to impose sales tax collection requirements on remote sellers, they have taken a step forward by approving a proposal from a new vendor who will design and implement a tax administration system for the state to help manage remote collections. The new vendor will be used to receive electronic filing and remittance of funds from remote sellers. How remote sellers will interact with this system, remains to be seen. After several fits and starts, Louisiana still hopes to compel collection by remote sellers at some point on or ..read more
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Alaska is Next Frontier for Economic Nexus
Taxify Blog | Everything You Need to Know About Sales Tax
by Erik Wallin
4y ago
Alaska one of the few places without a state-level sales tax. There are however many independent cities and boroughs which administer and collect their own taxes. As many states across the country seek to reap the tax dollars now available due to the Wayfair decision, the localities in Alaska felt left out in the cold. At its core, the decision in Wayfair requires states imposing an economic nexus standard to do so in a way which does not place an undue burden on the seller. Unlike every other state which has enacted economic nexus rules, Alaska lacks any central body that could make local tax ..read more
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This Week in Sales Tax
Taxify Blog | Everything You Need to Know About Sales Tax
by Taxify Team
4y ago
According to the October 29 Worcester Business Journal, a group of legislators and policy advocates is looking for ways to modernize Massachusetts state tax code, potentially taxing digital goods and services like music downloads or Spotify. Gov. Michael Dukakis attempted to tax services in the early 1990s, only to see his successor, Gov. William Weld, successfully repeal the effort. Though the new bill is still in the early stages, the group may be leaning toward revenue-neutral recommendations to try and offset changes like an expansion of the sales tax base with lower overall rates. The gro ..read more
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Three Ways to Prepare for the Biggest Cyber Monday Ever
Taxify Blog | Everything You Need to Know About Sales Tax
by Taxify Team
5y ago
With the ever-growing preference for shopping online, Cyber Monday has shown continual overall revenue growth and this year is slated as the biggest yet. While retailers in the eCommerce space are already working out how to entice shoppers to spend with them this December 2nd, they could be missing other critical preparations for Cyber Monday.   The wake of South Dakota v. Wayfair continues to flow through the U.S., creating new sales tax liability for many eCommerce sellers and quickly putting them out of compliance. We’ve provided the following tips so you can make sure you’re prepared to pr ..read more
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Showdown on the Prairie – Kansas AG Invalidates DOR Economic Nexus Pronouncement
Taxify Blog | Everything You Need to Know About Sales Tax
by Chuck Maniace
5y ago
In a startling development that appears intertwined with local Kansas politics, Attorney General Derek Schmidt issued an opinion that attempts to place a temporary halt to the Department of Revenue’s (DOR) plan to extend its sales tax compliance requirements to remote sellers as of October 1, 2019 – leaving taxpayers in a state of limbo. For sellers that have robust sales tax automation tools in place, however, the uncertainty created by these circumstances is far less problematic. Back on August 1, 2019, the Kansas DOR published Notice 19-04. In short, the notice signaled the DOR’s intention ..read more
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Massachusetts Budget Includes Economic Nexus and Marketplace Liability Rules
Taxify Blog | Everything You Need to Know About Sales Tax
by Erik Wallin
5y ago
Massachusetts Governor Charlie Baker recently signed the 2020 Fiscal Year Budget which includes statutory language establishing a new economic nexus rule effective October 1, 2019. This new law replaces their existing “cookie nexus” standard with requirements emblematic of the national trend subsequent to the Wayfair Supreme Court decision. Under the old rules, a seller would be obligated to collect Massachusetts tax if they deposit cookies (bits of software that facilitate user experience on a website) on the devices of Massachusetts residents and make more than 100 transaction or $500,000 i ..read more
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