Multistate- Understanding How Your Online Business Should Collect And Pay Taxes

There are three different forms of taxes that need to be paid by any business owner, which are local, state, and federal taxes each business owner should be aware of. Among the commonly paid taxes that can be enjoyed include Continue reading Multistate- Understanding How Your Online Business Should Collect And Pay Taxes

Multi-State- Sales Tax Laws Roundup: April-May 2020

At the start of April, individuals and organizations were just coming to terms with stay-at-home orders and closures of nonessential businesses. As states start to relax those provisions, businesses are beginning to prepare for what comes next. Because Florida doesn’t Continue reading Multi-State- Sales Tax Laws Roundup: April-May 2020

Multistate: State and Local Tax Responses to COVID-19: Corporate Income Tax and Sales and Use Tax Deadline Extensions

Numerous states have provided tax relief in response to the COVID-19 outbreak, often in the form of tax filing and payment deadline extensions. At this time, 40 states and Washington, D.C., have provided a corporate income tax filing and/or payment Continue reading Multistate: State and Local Tax Responses to COVID-19: Corporate Income Tax and Sales and Use Tax Deadline Extensions

Illinois-‘Discriminatory’ Sales Tax May Land in Hot Water

Illinois is cruising toward a legal challenge of its Wayfair-inspired laws after the state’s General Assembly finished a short and speedy legislative session without fixing the so-called “Associated Industries problem.” Illinois passed a law last spring making remote sellers subject Continue reading Illinois-‘Discriminatory’ Sales Tax May Land in Hot Water

Multi-State- To What Extent Does Your State Rely on Sales Taxes?

Sales taxes are the second largest source of state and local tax revenue, accounting for 23.6 percent of total U.S. state and local tax collections in fiscal year 2017. While 45 states levy a statewide sales tax and 38 allow Continue reading Multi-State- To What Extent Does Your State Rely on Sales Taxes?

Multi-State- States See Surge in Tax Collections From Online Sellers

Sales and use tax collections from e-commerce transactions have become the one silver lining running through the coronavirus cloud darkening state revenue coffers. The evidence is still anecdotal, but sources watching state revenue numbers told Bloomberg Tax collections from online Continue reading Multi-State- States See Surge in Tax Collections From Online Sellers

Missouri- Virus Fuels Urgency in Online Tax Debate

Online retailers didn’t need much of a push to continue grabbing a bigger share of market. They got it anyway when lockdowns and stay-at-home orders closed brick-and-mortar stores across the country. Now, local businesses are trying to recover and governments Continue reading Missouri- Virus Fuels Urgency in Online Tax Debate

Multi-State – Temporary Telework Arrangements Could Become Permanent

Will some of the temporary tax policy changes states are making in response to the public health crisis become permanent?  The question came up Tuesday in a teleconference meeting of the Strategic Planning Committee of the Multistate Tax Commission. Participants Continue reading Multi-State – Temporary Telework Arrangements Could Become Permanent

Multistate- What Impact Working From Home May Have on Income Tax Nexus APRIL 30, 2020

So many of us are eager to put the new coronavirus (COVID-19) pandemic behind us — to return to the workplace, get our kids back in school, hug our friends and families. Yet even as some states are easing restrictions, Continue reading Multistate- What Impact Working From Home May Have on Income Tax Nexus APRIL 30, 2020

Muli-State- States May Consider Back-Tax Payment Plans For Pandemic

Several states are willing to offer payment plans for back taxes to businesses that enter into voluntary disclosure agreements during the novel coronavirus pandemic, tax administrators said during a Multistate Tax Commission committee meeting Tuesday. Some state tax agencies have Continue reading Muli-State- States May Consider Back-Tax Payment Plans For Pandemic