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...
Which States Have Gross Receipts Tax?
Summary: There are multiple states with gross receipts tax: Delaware, Nevada, Ohio, Oregon, Texas, and Washington. Business owners should be aware of the gross receipts tax requirements in these states and to take action to prevent liabilities from accumulating over...
Here’s What Amazon’s Crazy Illinois Sales Tax Letter Means and What to Do About It
Short Summary: In this post, we decode a cryptic email that Amazon sent to merchants as Amazon's attempt at an answer to Illinois sales tax law. Effective January 1st, 2020, Amazon will be collecting and remitting Illinois state sales tax. However, sellers are still...
How to Register for a Sales Tax Permit in Wyoming
Quick Answer: This post offers information on how to register for a sales tax permit in Wyoming. Registration is best completed online via the Wyoming Department of Revenue website. More detailed information is included below.Do You Need to Get a Sales Tax Permit in...
