Kansas’s Sales Tax Economic Nexus Law Explained
Summary: Kansas has passed an economic nexus law, effective July 1, 2021, requiring that all out-of-state sellers and marketplace facilitators register for the collection and remittance of sales and compensating use tax if they have over $100,000 in gross sales during...
TaxValet’s No Missed Payments Guarantee™
Summary: We stand behind our work and guarantee that your sales tax payments will be submitted on-time each month, or we'll pay the penalties and interestTaxValet's No Missed Payments Guarantee™ At TaxValet, one of our core values is "OWN IT" which means that...
State-by-State Guide: Where Will Hiring Independent Contractors Create Sales Tax Nexus?
This article attempts to determine the stances of the states with regard to whether independent contractors create sales tax nexus. In many states, it depends on the types of activities that contractors perform and sometimes it depends on the extent to which the...
Florida’s Economic Nexus Law: What Does This Mean for You?
Summary: Florida's economic nexus law, effective July 1st, 2021 requires out-of-state sellers and marketplace facilitators to register to collect and remit sales tax if they have over $100,000 in sales of tangible personal property in the previous calendar...
State-by-State Guide: Will Online Advertising Create Sales Tax Nexus?
What is Sales Tax Nexus? Sales tax nexus is a substantial connection between a business and a state which would require the business to collect sales tax. Typically and historically, sales tax nexus has been established by a company’s physical presence in the...
State-by-State Guide: How to Cancel Your Sales Tax Permit Account in Each State
Jump Ahead to Individual State Instructions for Canceling Your Sales Tax License: Alabama through Hawaii Idaho through Louisiana Maine through Missouri Nebraska through Pennsylvania Rhode Island through WyomingSee which states pose the greatest risk to...
Sales Tax Compliance For Startups
Summary: In this post, we discuss what sales tax compliance is, why you need it, and how you can strengthen and protect your startup with a robust sales tax plan.There’s no way around it: taxes are complicated and cumbersome — especially for startups doing business in...
How to Get a Voluntary Disclosure Agreement (VDA) in Each State
What is a Sales Tax Voluntary Disclosure Agreement (VDA)? A VDA is a Voluntary Disclosure Agreement between you and the state which attempts to bring you into compliance with the state. A VDA can cover a variety of taxes, but for the sake of this blog, we will only...
State-by-State Guide: Statute of Limitation Periods for Sales Tax Audits
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...
Top Multi-State Income Tax CPAs for Businesses in 2021
Summary: This blog post will provide you with TaxValet's vetted partners who specialize in multi-state income tax returns and apportionment.You Need A Multi-State Income Tax Specialist In recent years, states have increasingly been going after out-of-state...
Preparing for Multi-State Income Tax Returns in 2021
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 to avoid substantial penalties later on.It's that time of year when it is important to contact your CPA...
How to Comply with Puerto Rico’s Notice and Reporting Requirements
Summary: This blog post will provide you with the information and access to the tools you need to comply with Puerto Rico’s Notice and Reporting requirements. Does Puerto Rico Have Economic Nexus Requirements? As of the publication of this blog, Puerto Rico does not...
