Free Parking? Not So Fast

Free Parking? Not So Fast

ShareFacebookTwitterLinkedinemail Next time you give employees an edge on income tax, be sure you’re considering the sales tax ramifications. Allina, a healthcare facility in Minnesota, allows employees to pay for parking as a pre-tax compensation reduction....
Free Parking? Not So Fast

Increased Costs from Sales Tax Compliance

ShareFacebookTwitterLinkedinemail An article in the Wall Street Journal CFO Report this week highlighted comments from a few business leaders, like Joe Albanese of AmeriMark, predicting cost increases because of compliance with a future national sales tax law. A...
Free Parking? Not So Fast

Prepared Foods and Sales Tax

ShareFacebookTwitterLinkedinemail  One of the most complicated areas of sales taxability is prepared foods. What’s taxable and what is not can depend on specific ingredients, where an item is eaten, or small details of preparation. For instance, bagels that...
Free Parking? Not So Fast

Sales Tax Audit Tip: Question Everything

ShareFacebookTwitterLinkedinemail If you’ve been unfortunate enough to be subject to a sales tax audit, you need to do yourself a favor and be proactive about your audit. Auditors’ jobs are to find “missing” money for state coffers but your job...
Free Parking? Not So Fast

No Sales Tax Due? You Might Not Be Doing It Right

ShareFacebookTwitterLinkedinemail Some businesses regularly file no-sales-tax-due returns because they don’t have any sales for that month that are subject to tax. In most states, you still need to file a return even if you’re not remitting any payments....