Don't Let This Tax Break Blow By
May 15, 2019.
Tax Publications
On May 3, the 2019 Florida House Bill 7123 passed, bringing several tax savings to families and businesses across the Sunshine State. The bill is expected to save taxpayers over $120 million in taxes paid for these qualifying items in 2019. While the renewed “Back to School” Sales Tax Holiday has been long...
Read MoreReduce Your Inventory Taxes with Freeport Exemptions
March 07, 2019.
Tax Publications
In many localities across the US, moveable assets owned by a business are designated as tangible business personal property and taxed annually by the jurisdiction they are located in. This tax is known as the Business Personal Property Tax, and the type of assets considered as business personal property include,...
Read MoreNew York Takes a Bold Approach to Economic Nexus
March 07, 2019.
Tax Publications
The Department of Taxation and Finance for the state of New York amended its Sales Tax registration requirements as of January 1 for remote sellers within the state in response to the US Supreme Court case South Dakota vs. Wayfair. The new registration requirements take effect immediately, making NY the first...
Read MorePuerto Rico Sales and Use Tax Collection
March 04, 2019.
Tax Publications
Since the Supreme Court decision on the South Dakota vs. Wayfair case, we’ve noticed many states reviewing the way economic nexus can be established with out of state retailers. This decision has encouraged many states to start legislation to take advantage of the benefits of this new ruling....
Read MoreUtah Sales and Use Tax Nexus Update
January 16, 2019.
Tax Publications
Utah’s State Tax Commission updated their sales and use tax publication as to what constitutes nexus in the state. The update includes the amendment to the definition of nexus. To have nexus in Utah, a business has established physical or economic presence in the state or is related...
Read More2019 Florida Communication Service Tax Rate Changes
January 05, 2019.
Tax Publications
As of January 1, 2019, there is a new rate change for some Florida areas in communication service tax for which Florida’s Department of Revenue issued a rate change. The total local Communication Service Tax (CST) rate for Marco Island has decreased to 3.9% where it was previously 5.22% which is a 1.32%...
Read MoreSuccessfully Qualify Organized Camps for Sales Tax Exemptions
August 24, 2018.
Tax Publications
In July 2018, the California Department of Tax and Fee Administration (CDTFA) reissued Publication 127, Organized Camps. The state of California defines “Organized Camps” as traditional camps that offer outdoor group living experiences such as camps operated by the YMCA and the Boy Scouts of America. Organized camps sell meals...
Read MoreBack to School Florida Sales Tax Holiday 2018
August 01, 2018.
Tax Publications
The State of Florida Department of Revenue has issued a Tax Information Publication (TIP #18A01-07) regarding its 2018 Back-to-School Sales Tax Holiday, which begins Friday, August 3, 2018 and runs through Sunday, August 5, 2018. Passed by the Florida Legislature and signed into law by Governor Rick Scott, the sales tax holiday temporarily removes...
Read MoreSouth Carolina Enacts Exemption for Motorsports Entertainment Facilities
July 20, 2018.
Tax Publications
On July 2, 2018, South Carolina enacted a sales and use tax exemption for the construction or improvement of motorsports entertainment complexes by qualifying companies. The exemption applies to building materials, supplies, fixtures, and equipment used for the construction, repair, or improvement of a motorsports entertainment complex. To claim the exemption, a...
Read MoreEconomic Nexus in Tax Exempt States
July 12, 2018.
Tax Publications
On June 21, 2018, the U.S. Supreme Court issued a decision in South Dakota v. Wayfair abandoning the physical presence standard for state sales and use tax nexus as set by Quill v. North Dakota and National Bellas Hess v. Department of Revenue of III. This decision allows states to impose...
Read MoreSupreme Court Decision Overrules Quill and Rules in Favor of South Dakota
June 21, 2018.
Tax Publications
Landmark Case Decided On April 17, 2018, the U.S. Supreme Court heard oral arguments in the case of South Dakota v. Wayfair, Inc. et al. on the topic of nexus, physical or economic presence. Today, June 21, 2018, the U.S. Supreme Court has issued its decision in this landmark case that will...
Read MoreSales Tax Nexus: Evolution or Revolution
June 13, 2018.
Tax Publications
Demand Drives Definition As many states continue to deal with budget deficits and seek expansion of the reach of the sales tax as a means of increasing revenue, how states define nexus is evolving. Nexus can be defined as a connection with a state. Typically, we think of this connection...
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