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Author Archives: ZASALT
Multistate – Trump Recognizes South Dakota Sales Tax System “…think of that.”
On Wednesday, April 30, 2020 President Trump delivered an address covering multiple topics including individual state reactions to bail out needs.. After recognizing California, New York, Illinois, Florida and Texas President Trump concluded with the following comments about South Dakota Continue reading Multistate – Trump Recognizes South Dakota Sales Tax System “…think of that.”
California – Governor Newsom Allows Small Businesses To Defer Payment Of Sales And Use Tax Of Up To $50,000 For Up To 12 Months
The state is allocating $50 million to the California Infrastructure and Economic Development Bank for loan guarantees to small businesses to help eliminate barriers to capital for individuals who do not qualify for federal funds, including low wealth and undocumented Continue reading California – Governor Newsom Allows Small Businesses To Defer Payment Of Sales And Use Tax Of Up To $50,000 For Up To 12 Months
Wisconsin – Hearing Scheduled For March 4, 2020 Credit For Tax Paid To Another State
https://docs.legis.wisconsin.gov/code/register/2020/770A1/register/ss/ss_003_20/ss_003_20 Upcoming Preliminary Public Hearing on a Permanent Scope Statement for SS 003-20 The Department of Revenue is holding a public hearing on Wednesday, March 4. The hearing will take place at 2:00 p.m. to consider a permanent scope statement relating to Continue reading Wisconsin – Hearing Scheduled For March 4, 2020 Credit For Tax Paid To Another State
Multistate 2019 Sales Tax Systems Review
June 21, 2018, Wayfair v South Dakota was announced by the US Supreme Court overruling the longstanding Quill v North Dakota (1992). The broad sweeping implications of this ruling was felt by taxpayers, practitioners and tax collection agencies alike during Continue reading Multistate 2019 Sales Tax Systems Review
“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.” Adam Smith
California – Taxes and Fees Adminstered by the CDTFA FY 2017-18
Sales tax began in 1933 Use tax began in 1935 at a state rate of 6.25% broken down in 4 part harmony as follows: $25.8 billion collected in 2017/18 at a rate of 3.9375% General Fund and 0.25% Education Protection Continue reading California – Taxes and Fees Adminstered by the CDTFA FY 2017-18
California – BOE 2018 Annual Report Explaining When The BOE Was Replaced By CDTFA and OTA
“Created in 1879 by a constitutional amendment, the California State Board of Equalization (BOE) was initially responsible for ensuring that county property tax assessment practices were equal and uniform throughout California. The BOE began to levy four new taxes, including Continue reading California – BOE 2018 Annual Report Explaining When The BOE Was Replaced By CDTFA and OTA
South Carolina – BUSINESS OWNERS CHARGED WITH TAX EVASION, FAILED TO REPORT MILLIONS OF DOLLARS IN SALES
BUSINESS OWNERS CHARGED WITH TAX EVASION, FAILED TO REPORT MILLIONS OF DOLLARS IN SALES FOR IMMEDIATE RELEASE – 5/22/2020 South Carolina Department of Revenue (SCDOR) agents today arrested two businessmen in unrelated cases and charged them with multiple counts of Continue reading South Carolina – BUSINESS OWNERS CHARGED WITH TAX EVASION, FAILED TO REPORT MILLIONS OF DOLLARS IN SALES
CALIFORNIA – Understanding The Resale Certificate
Below is a link to Understanding the resale certificate. Posted by The CDTFA On March 7, 2019. The video reviews what a resale certificate is, who needs to provide or accept resale certificates, when a resale certificate is needed, as Continue reading CALIFORNIA – Understanding The Resale Certificate