Exploring what's new, relevant and upcoming in the ever-changing world of sales tax.
Jan 30, 2017 Sales Tax DataLINK
Taxes are a big part of any business and figuring out when and if you should add taxes to a customer Invoice is a daunting task. On paper, the difference in origin and destination-based sales taxes are simple. In practice, it is more like trying to read a book in a different language. The definitions are simple, but how it all plays out – and the addition of remote locations – just adds to the confusion. I'll try to simplify it here to get you started. Read More
Aug 01, 2016 Sales Tax DataLINK
It might as well be Christmas in July for manufacturers in Florida this year because exemptions are being extended left and right! The sales tax exemption for machinery and equipment found in section 212.08(7)(kkk), Florida Statutes, has become permanent for all machinery and equipment except mixer drums. This means that any industrial machinery and equipment with a permanent use in the state for the manufacture, processing, compounding, or production of items of TPP (tangible personal property) will continue to be exempt instead of expiring on April 30, 2017 as previously scheduled. Read More
Jul 06, 2016 Sales Tax DataLINK
Attention manufacturers in Iowa! You could be paying more than you should. As of July 1st, the state of Iowa redefined what qualifies as exempt supplies in respect to the sales and use tax exemption for certain computers, machinery, equipment, and replacement parts. The list has now been expanded to include certain items used in tandem with exempt materials. Read More