State and local tax news brought to you by Zaldivar and Associates
Mixed economic indicators have Comptroller Peter V.R. Franchot (D) warning about future state budgets – even as he announced Wednesday that last year’s revenue came in slightly higher than anticipated once all the accounting was finished. Revenue in fiscal year Continue reading MARYLAND – 2019 Revenues Higher Than Expected, But Outlook Is Somber
At a hearing in Concord on Wednesday, four New Hampshire business owners detailed the time and money they have had to spend to comply with a 2018 Supreme Court decision that allows states to collect sales tax from out-of-state businesses. Continue reading NEW HAMPSHIRE – Out-Of-State Sales-Tax Rules Negatively Impact Business, Entrepreneurs Say
More than 35 states have introduced bills or passed laws over the last year that would permit the collection of sales and use tax on remote transactions previously excluded from state taxation. Recognizing the novel attributes of internet commerce, these Continue reading MULTI STATE – Wayfair V.S. South Dakota Ruling Impacts remote Commerce Laws
June 21, 2019 – One year since Wayfair – Anniversary Update. On this one year anniversary of the landmark decision virtually all states have responded with their enforcement intentions. The tax imposition is now retroactive. A Wayfair Process Review is Continue reading Multistate – Wayfair Economic Nexus (ENexus) Anniversary Thresholds as of June 21, 2019
Growing security businesses that venture beyond their state borders are faced with complicated rules for charging taxes on goods and services Ever since the Supreme Court ruled that physical presence in a state is no longer the sole requisite for Continue reading Multi-State – Navigating State Sales Tax
It’s been said that nothing motivates accountants more than legislation and, more specifically, the need to comply. Nothing is more clear about this statement than what we’ve seen, and will see, in sales tax. Attending a conference like Avalara Crush, Continue reading Multi-State – What’s Next in the World of Sales Tax
Online sales have taken over a growing percentage of the U.S. retail market, accounting for about $1 out of every $7 spent by consumers. But through much of that rise, online sellers had an unfair advantage over brick-and-mortar retailers: They Continue reading California – Small Retailers Who Sold Through Amazon Are Facing A Tax Time Bomb
HARRISBURG, PA. Pennsylvania is getting an unexpected windfall as internet sales tax revenues are coming in at a rate of nearly four times what had been projected for the current fiscal year. The state estimated about $50 million from the Continue reading Pennsylvania – State Sees Online Sales Taxes Soar After Court Ruling
Tax laws, particularly those regulating e-Commerce and sales tax, have suddenly become a lot more complicated. Last year’s Supreme Court decision on South Dakota v. Wayfair, Inc. changed the entire landscape of sales tax regulations. Changes in the interpretation of Continue reading Multi-State – Are You Liable For Your Customers’ Sales Taxes?
Lawmakers rejected most of then-Gov. Lincoln Chafee’s tax plans in 2011, but got behind one of his concepts in their annual budget — a future sales tax rate cut if the state were ever allowed to tax internet sales from Continue reading Rhode Island – Political Scene: Does Internet Revenue Boost Justify A Sales Tax Cut?