Louisiana’s Economic Nexus Law Explained
Summary: Louisiana's economic nexus bill, effective July 1st, 2020 requires out-of-state businesses without a physical presence to register to collect and remit sales tax if they have over $100,000 in sales of tangible personal property, products transferred...
States Where Sales Tax Notice and Reporting Requirements Still Matter (Regardless of Economic Nexus Thresholds)
Summary: Even if your business has not crossed economic nexus thresholds, some states have sales tax Notice and Reporting Requirements with significant penalties. You can protect your business by registering for a sales tax permit if you’ve crossed the Notice and...
Sales Tax on Rentals and Leases of Tangible Personal Property
Summary: This blog discusses the state-by-state intricacies of sales tax in regards to rentals and leases of tangible personal property. Please Note: If you are renting or leasing vehicles, machinery, heavy-duty equipment, or lodging, then this blog post is not for...
How to File and Pay California’s Annual LLC Fee
Summary: Any LLC doing business in California that has over $250,000 in gross income attributable to California must pay an annual LLC fee. Although this tax is not technically a gross receipts tax, the amount due is based on gross income attributable to California....
States with No Sales Tax
Summary: This blog identifies 5 states with no sales tax and what that really means. What is sales tax and why is it imposed? That is a good question. Sales tax is basically a tax that is imposed by the government to help raise revenue. Currently, there are...
How to Register for Sales Tax Permits in Every State
Summary: This blog will give you information about how to register for sales tax permits in every state on your own. It is vital that you register for a sales tax permit before collecting sales tax in a state. We know that applying for sales tax permits can sometimes...
Sales and Use Tax Relief Due to COVID-19
Summary: Many states are issuing statements regarding sales tax filing and payment relief due to the emerging circumstances around COVID-19. Read on for state-by-state information. How is COVID-19 Going to Impact Sales Tax Filings? If you’re concerned about the...
The Pros and Cons of Streamlined Sales Tax Registration (SST)
Summary: While the pros of low cost and minimal time spent registering for sales tax permits through SST are nice, there are significant drawbacks to using the SST registration process. What is Streamlined Sales Tax (SST)? Streamlined Sales Tax (or SST) was first...
How Sales Tax Works in Alaska
Summary: This blog post provides an overview of Alaska’s new sales tax collection laws and what steps you can take to minimize your sales tax liability. Wait a Minute, I Thought Alaska Didn’t Have Sales Tax? Alaska is widely known for not having a state-level sales...
38 Products That May Not Be Subject to Sales Tax in Every State
Summary: Certain categories of products have special sales tax considerations because they are generally not taxable in each state. In this post, we’ve outlined the most common types of products where state-level exemptions might apply. The purpose of this blog post...
Preparing for Multi-State Income Tax Returns
Summary: If you remit sales tax in a state, you might owe income tax in that state as well. Check with your CPA to determine if you owe income tax in a state.It's that time of year when it is important to contact your CPA regarding your state income tax obligations...
Statute of Limitations for Sales Tax Audit (State-by-state Guide)
Summary: Each state has a defined lookback period they use when examining a sales tax audit and assessment. Most states’ statutes of limitations do not apply in the event of fraudulent behavior or evasion.How Far Back Can I Owe Sales Tax? If you’re concerned about...
