New York- Manhattan Loses Sales Tax Revenue, Cancels Summer Programs APRIL 27, 2020

With COVID-19 progressing, Manhattan estimates a $3 million to $8 million loss in 2020 sales tax revenue. The first three months of 2020 showed sales tax revenue was strong in Manhattan, however, COVID-19 deterred any upcoming financial growth. Dennis Marstall, Continue reading New York- Manhattan Loses Sales Tax Revenue, Cancels Summer Programs APRIL 27, 2020

Arkansas – Officials Brace For Decreases In Sales Tax Revenue

Officials from both Fort Smith and Sebastian County are unsure exactly what effect the coronavirus pandemic will have on sales tax revenue. The uncertainty comes after Gov. Asa Hutchinson ordered the closure of all bars and restaurant dining rooms in Continue reading Arkansas – Officials Brace For Decreases In Sales Tax Revenue

Multi-State – Wayfair Court Case Marks A Game-Changer For Legal Cannabis

When most consumers think of Wayfair Inc, it is in terms of furniture and home goods, but Wayfair has now made its way into the cannabis sector. Wayfair refers to the U.S. Supreme Court case, South Dakota v. Wayfair, Inc., in which the Continue reading Multi-State – Wayfair Court Case Marks A Game-Changer For Legal Cannabis

Michigan – House OKs Taxes On Out-Of-State Online Retailers

Many out-of-state websites that facilitate online sales in Michigan would have to collect and remit the 6 percent sales tax under legislation approved unanimously Wednesday by the state House. The bills, which were referred to the Senate for consideration next, Continue reading Michigan – House OKs Taxes On Out-Of-State Online Retailers

California – New Laws Increase Tax Responsibilities Of Some Companies

With the flurry of action at the end of the recent state legislative session, it is easy to overlook two laws that are having significant impacts on businesses statewide as well as the accountants they work with. Assembly Bill 147 Continue reading California – New Laws Increase Tax Responsibilities Of Some Companies

MULTI STATE – Meeting New Economic Nexus Tax Collection Obligation

As of last year, companies may be required to collect sales and use tax, even without physical nexus in a state, if it conducts a certain amount of business there.R Make sure you have a process in place to meet Continue reading MULTI STATE – Meeting New Economic Nexus Tax Collection Obligation

NEW HAMPSHIRE – Wayfair Ruling May Have Impact On Small And Large Businesses

When New Hampshire Gov. Chris Sununu signed a bill last month to help the state grapple with the impact of the U.S. Supreme Court’s Wayfair ruling, the measure had bipartisan support in the Legislature. The retail community, on the other Continue reading NEW HAMPSHIRE – Wayfair Ruling May Have Impact On Small And Large Businesses

Rhode Island – Republicans Try In Vain To Protect Trigger For Sales-Tax Cut

Republicans fought to protect a state law mandating a half-percentage-point cut in the state’s 7% sales tax Friday as the Rhode Island House deliberated on the state budget for next year. The 2011 law included a trigger to cut the Continue reading Rhode Island – Republicans Try In Vain To Protect Trigger For Sales-Tax Cut

Alabama – Back-To-School Sales Tax Holiday Set For July 9-21

This year’s back-to-school sales tax holiday is scheduled for July 19-21. People shopping between 12:01 a.m. on Friday, July 19, and midnight on Sunday, July 21, will not have to pay state sales and use taxes and some local sales Continue reading Alabama – Back-To-School Sales Tax Holiday Set For July 9-21

MULTISTATE – The Current State Of Wayfair: Tracking The New Nexus Laws Across The Country

The South Dakota v. Wayfair ruling has frantically ushered in a whole new era for sales and use tax laws and the end of an era for online shoppers reaping the benefits of untaxed purchases. Now, it’s time to step Continue reading MULTISTATE – The Current State Of Wayfair: Tracking The New Nexus Laws Across The Country