September 05, 2024 | Posted By: Web Page
COVID-19 created a perfect storm for remote sellers as sales dropped sharply for brick-and-mortar locations in favor of consumers purchasing online. With the exception of two states (Florida and Missouri) that do not have economic nexus laws, the three-year anniversary …
September 05, 2024 | Posted By: Web Page
Tennessee may have not been on your economic nexus radar in the past with thresholds of over $500,000 to necessitate collecting and remitting sales tax, but that is about to change. Beginning October 1, 2020, the threshold for out-of-state businesses …
September 05, 2024 | Posted By: Web Page
The economy will be forever changed by the COVID-19 pandemic. The way we live. The way we work. The way we buy. The challenges ahead are far from over despite states beginning to reopen.
With millions unemployed and the service …
September 05, 2024 | Posted By: Web Page
As we face tremendous challenges due to the COVID-19 outbreak, “cost savings” is paramount to a company’s survival. With brick and mortar sites closing, salary cuts and, unfortunately, layoffs, there is a way for tax and accounts payable teams to …
September 05, 2024 | Posted By: Web Page
The Alaska Remote Seller Sales Tax Commission has passed its Uniform Code, as it applies to Remote Sellers and Marketplace facilitators. This is a streamlined Code that accommodates the individual rates and exemptions of multiple jurisdictions within Alaska, with single-level, …
September 05, 2024 | Posted By: Web Page
Texas has adopted an economic nexus threshold for its franchise tax. This means that a foreign (non-Texas) taxable entity might have franchise tax nexus even if it has no physical presence in the state. The new economic nexus threshold is …