Oklahoma – State Enacts Changes to Economic Nexus Provisions

Effective Date: November 1, 2019 Threshold: $100,000 in aggregate sales of TPP (for remote sellers only) excluding marketplace sales where marketplace collects tax Measurement Date: Preceding or current calendar year Includable Transactions: Taxable sales When You Need to Register Once You Exceed the Threshold: The Continue reading Oklahoma – State Enacts Changes to Economic Nexus Provisions

Multi-State – Changing The State And Local Tax Nexus Playing Fields

An Update on the Impact of Wayfair One of the major state and local tax developments that CPAs have been dealing with is the Supreme Court’s decision on June 21, 2018, in South Dakota v. Wayfair, Inc., 585 U.S. ___ (2018), and Continue reading Multi-State – Changing The State And Local Tax Nexus Playing Fields

Multi-State – How High are Beer Taxes in Your State?

In the midst of summer’s usual uptick in beer sales, how much of our cash is actually going toward the cost of a brew? Less than you might think. According to the Beer Institute, “Taxes are the single most expensive ingredient Continue reading Multi-State – How High are Beer Taxes in Your State?

Multi-State – Amazon Is Poised to Unleash a Long-Feared Purge of Small Suppliers

 Thousands of mom-and-pops will lose bulk orders from company  Amazon denies a ‘large-scale’ vendor reduction is taking place Two months ago, Amazon.com Inc. halted orders from thousands of suppliers with no explanation. Panic ensued — until the orders quietly resumed weeks later, Continue reading Multi-State – Amazon Is Poised to Unleash a Long-Feared Purge of Small Suppliers

Indiana – State Enacts Marketplace Nexus Legislation

Indiana has enacted legislation with marketplace nexus provisions, effective July 1, 2019. Per the legislation, a marketplace facilitator is required to collect Indiana sales tax if the facilitator meets Indiana’s economic nexus threshold of $100,000 or 200 transactions even if the retailer Continue reading Indiana – State Enacts Marketplace Nexus Legislation

Michigan – Department of Treasury Update

May 2019 Issue The Michigan Department of Treasury has published their May 2019 Tax Policy Newsletter. The news letter contains guidance on topics such as: If Drone Services Taxable in Michigan Recently Issued Guidance Pet Breeders Must Collect and Remit Continue reading Michigan – Department of Treasury Update

Texas – Top 7 Facts About Texas’ Booming Economy

Everything is quite literally bigger in Texas. Here are 7 facts about the Lone Star State’s booming economy. 1. Texas has the 10th-largest GDP in the world, if it were its own country. According to a report by the American Enterprise Continue reading Texas – Top 7 Facts About Texas’ Booming Economy

Multi-State – FedEx Announces Change In Amazon Relationship, Says It’s Not Renewing Express US Domestic Contract

FedEx revealed a change in its relationship with Amazon on Friday, announcing that the company will not be renewing its Express U.S. domestic contract with the online retail giant. The delivery company will be directing its “focus on serving the Continue reading Multi-State – FedEx Announces Change In Amazon Relationship, Says It’s Not Renewing Express US Domestic Contract

Multi-State – How Bitcoin Is Taxed

One of the most common questions I get from investors is how crypto investments like bitcoin are taxed. There seems to be a great deal of confusion, perhaps because of the different names people use for this new asset class. Continue reading Multi-State – How Bitcoin Is Taxed

Alabama – Alabama Supreme Court Holds that All Software is Subject to Sales and Use Tax, While Confirming that Separately Invoiced Services for Custom Software are Not Subject to Tax

In a recent decision, the Alabama Supreme Court held that the sale of computer software, whether “canned” or customized, is subject to Alabama sales and use tax, while confirming that separately invoiced services for custom software programing accompanying the conveyance Continue reading Alabama – Alabama Supreme Court Holds that All Software is Subject to Sales and Use Tax, While Confirming that Separately Invoiced Services for Custom Software are Not Subject to Tax