Software Reviews: Why They’re Useful
When the Supreme Court agreed, in the Wayfair decision, that states can now require out of state companies to collect and remit sales tax, one of their reasons was that there would soon be software that would make it easy. But when businesses buy...
Sturgis and Sales Tax in the Pandemic
Sturgis, South Dakota, is getting ready for their annual motorcycle rally, in spite of the COVID-19 pandemic. Where Fayetteville, Arkansas, canceled their Bikes, Blues & Barbecue festival, which usually brings 400,000 visitors to the town of 86,000,...
5 Things to Look for in Sales Tax Software
After decades of controversy, the Supreme Court agreed that remote sellers, such as ecommerce shops, should pay sales tax to states and cities just as businesses with a physical presence do. One of the reasons: they figured that sales tax software would...
Hotel Tax Hit Will Have Consequences
A recent study by Oxford Economics says that Arkansas will lose $60.8 million in revenue from hotel tax. Bigger states have to expect bigger losses: $1.9 billion for California, while both New York and Florida may seet losses of $1.3 billion. The nation...
COVID-19 Sales Tax Reporting Surprises
Sales tax reporting has been delayed in many states, but sales tax filings are beginning to trickle in and more states are able to make projections. Many states are seeing their sales tax revenues drop to dangerous levels, causing concern about being...
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...