
New Year’s Brings Sales Tax Filing Changes
Happy New Year’s! We hope you had a wonderful New Year’s Eve celebrating with friends and family. While most people are off from work today, tomorrow starts a new calendar year in business and with each new year there are a number of changes in sales tax that go into effect on January 1. Many changes in sales tax aren’t much to worry about if you’re using an automated system that automatically changes sales tax rates. If you’re not automating your sales tax yet, now is the time — so you don’t have to worry about all the rate changes that go into effect today. Some of the biggest changes in sales tax are about exemptions, like North Carolina’s exemption for prepared food sold to college students on college campuses or Illinois’ simplification of telecommunication exemptions. However, a number of states are also changing filing requirements.
In Connecticut businesses will now need to file their sales tax returns electronically or suffer penalties. In North Dakota, it’s the same case for retailers who now must electronically file. In Wisconsin, however, it’s about frequency. We expect other filing changes to be addressed in state legislatures in 2014 so if you’re not ready for increased filing frequency and online filing, you’re business is going to be quickly behind the times if it isn’t already. How can you get ready? By choosing a sales tax filing solution that makes it quick and easy to file sales tax. Most of our customers files sales tax in an hour or less. With electronic filing built right into our FileLINK software, it’s easy to finish your sales tax tasks in no time and move on to more important tasks. If you’d like to find out more, be sure to watch our video below explaining our sales tax software and sign up for a free demo to start the new year off right.
Latest Articles
The Fair Tax Act: How Will It Affect Sales Tax Compliance?
National Sales Tax The idea of a national sales tax has once again been introduced as a bill in Congress. The Fair Tax Act of 2023 is currently being considered in the House. This bill would, if passed, abolish the Internal Revenue Service, repeal...
Sales Taxes and Sin Taxes
Sin tax A sin tax is a type of sales tax intended to discourage people from buying a particular item. An extra tax on the purchase of cigarettes, soda, or alcohol may be intended to keep consumers from buying as much if these sinful items -- oral least...
The GAO on Remote Sales Tax Requirements
The GAO speaks up on remote seller sales taxes The Government Accountability Office is responsible for providing important facts to Congress so they can make the best legislative decisions. They have just released a report on the question of sales tax...
Recent Comments