Do You Overpay Sales Tax?
A recent survey by the The National Association of Manufacturers found that 78.3% of U.S. manufacturers expect a financial hit from the coronavirus. Many factories have been closed, have experienced supply chain disruptions, and have had extra expenses...
How States May Change Sales Tax to Raise Revenue
Across the nation, consumers are getting tired of being cooped up and states are beginning to lift restrictions on businesses. The states have a strong motivation to get businesses back open and money flowing back into the economy: most states rely...
COVID-19 and Sales Tax Revenues
The coronavirus pandemic has infected nearly four million people worldwide, and about half the states are still shut down. There are many uncertainties and questions about COVID-19, but one thing is sure: states and municipalities are facing serious...
States See Financial Doom on the Horizon
States rely on sales tax revenue to cover most of their costs: roads, schools, salaries for state workers -- you name it, the costs of most states are covered by sales tax. Since the end of Quill, most states have taken the opportunity to collect sales...
Coronavirus Cuts Back Sales Tax Changes
Governor Gary Herbert of Utah is rejecting a proposal to roll back the state's sales tax exemption for railroad fuel. Maryland is delaying planned sales tax increases. And while Tennessee went ahead and passed a sales tax law change, Missouri is holding...
Peace of Mind from Sales Tax Software
COVID-19 has been declared a pandemic and many of us have already been forced to close our businesses, at least temporarily. Maybe we're working from home and trying to keep things as normal as possible. Maybe we're struggling to keep the doors open and...
Congress Hears about Wayfair’s Effects on Business
The House of Representatives’ Committee on Small Business, Subcommittee on Economic Growth, Tax, and Capital Access, held a hearing last week on “South Dakota v. Wayfair, Inc.: Online Sales Taxes and their Impact on Main Street.”In 1992, the Supreme...
Sales Tax, Control, and Unintended Consequences
The Supreme Court decision that allow states to compel online sellers to collect sales taxes made for some surprises. States want to be able to control sales tax laws because tax regulations allow control in general. You can encourage the industries you...
Sales Tax Compliance Routines for Manufacturers
From tracking thousands of SKU numbers and keeping up with who is exempt and who isn’t manufacturers, face an interesting number of sales and use tax challenges.
These challenges place manufacturers at a higher risk of sales and use tax audits. Thi…