Are you suffering from renewal gimmicks from your sales tax company? Renewals can feel like an unrelenting grip on your business, especially if you're unhappy with your current sales tax software.
Is there a new trend in sales tax guidance? A recent article highlights the significant implications of a state's decision regarding sales tax. The Arkansas Supreme Court recently heard a case involving the application of sales tax to copies of medical records.
Discover South Dakota's top 10 sales tax errors that are commonly caught during audits. Six out of ten errors relate to use tax, highlighting its complexity and potential risks for businesses.
Are you struggling to find a sales tax solution that meets your needs? Many sales tax software options on the market today are outdated and unable to keep up with the changing business landscape. It's time to break free from a sales tax solution that doesn't work for you.
Can you trust your sales tax engine? Some sales tax engines have error rates as high as 4% or more, potentially costing your business significant amounts. These engines automatically generate sales tax on invoices, often making mistakes due to incomplete information or flawed design.
Do you have sales tax guilt? It's common to feel overwhelmed by the complexities of sales tax and the lack of time to ensure everything is done correctly. Ignoring sales tax mistakes won't make them disappear, and hiding them away can risk the entire business.
Are sales tax estimates over-predicted? A recent study by the Wisconsin Taxpayers Alliance challenges the revenue projections for internet sales tax, suggesting that the anticipated $140 million might actually be as low as $25 million, primarily contributed by small online businesses.
Is online sales tax about fairness? The debate revolves around the perceived advantage that online sellers have over local businesses when it comes to collecting sales tax. While it's true that many e-commerce transactions are already taxed in most states, the argument persists that online shopping allows customers to save on sales tax, putting local businesses at a disadvantage.
Sales tax can be complex, especially in the entertainment industry. Recent legal cases, such as the Nevada court ruling favoring Harrah's, highlight the intricacies involved. Determining whether an entertainment business is subject to sales tax requires consideration of whether it offers art or mere enjoyment.
When determining if a state is business-friendly based on sales tax, it's not just about the tax rates. Factors such as ease of registration, renewal processes, filing procedures, and dispute resolution play a crucial role.
Are sales-tax free ads legal? Retailers often try to attract customers by claiming they will pay the sales tax on their behalf. However, many states have laws prohibiting such language in advertisements.
Are you using mediocre sales tax software? It's crucial to evaluate your current sales tax software to ensure you're not overpaying for outdated and ineffective solutions.
Sales tax deductions for income tax were once an overlooked aspect of tax filing. They allowed individuals and businesses to deduct sales tax on specific purchases from their federal income tax.
Gator's Dockside, a restaurant chain in Florida, has implemented an Affordable Healthcare Act Surcharge on customer bills to cover the costs of the employer healthcare mandate under the Affordable Healthcare Act.
The progress of the Marketplace Fairness Act, a bipartisan bill aimed at regulating online sales tax, has reached a critical point. While the bill passed in the Senate, it is currently stuck in the House. The House Judiciary Committee held hearings to explore alternatives and find a feasible solution for online sellers to comply with sales tax regulations.
States are becoming more vigilant in identifying sales tax discrepancies and uncovering instances of non-compliance. Improved communication between departments and the use of technology help them detect businesses that have registered but failed to report sales tax.
Business registrations play a critical role in ensuring compliance with sales tax regulations. However, some individuals may be tempted to provide inaccurate information on their registration forms, such as falsifying the start date of their business to avoid paying back sales taxes
The accuracy of sales tax calculations heavily relies on the use of exact addresses in sales tax software. Failing to include the town name along with the street address and zip code can lead to significant errors.
Women have a significant impact on the sales tax industry, yet their contributions are often overlooked. On International Women's Day, it's crucial to recognize and follow three influential women in sales tax who have made their mark.
Ensuring compliance with use tax regulations is crucial for businesses, as relying solely on suppliers or retailers to handle sales tax calculations can lead to costly mistakes. Even large companies like Walmart and Apple have made sales tax errors, emphasizing the potential risks involved.
BlogEdwin Flores2023-11-03T08:37:15-05:00
