After the Supreme Court’s decision in South Dakota v. Wayfair, many states have already passed legislation to address how remote sellers should comply with their updated sales tax regulations. It is extremely important for businesses to follow and comply with these updated tax reporting requirements, but it can also be confusing. In a recent insight, we explore how the recent rule changes impacted a business making sales into multiple states.
The historic decision by the U.S. Supreme Court in the South Dakota v. Wayfair case continues to provide states the opportunity to review their current sales tax collections rules. We recently updated a listing for each state and their current sales tax nexus law. This list includes effective dates, gross receipt amounts and number of transaction requirements. Review the insight here.
With the sales tax landscape continuously changing, this upcoming Tax Trends webinar is one you won’t want to miss. What’s Hot in Sales Tax will discuss current sales tax trends, including new rules and regulations. Get registered today!
What you think you know about sales tax may have changed with the recent U.S. Supreme Court decision in Wayfair. States are now permitted to collect sales tax from out-of-state sellers with no physical presence in their states, including foreign inbound sellers. Learn more about how this ruling will affect international businesses here.
Do you owe tax in Alabama, Connecticut, Indiana or New Jersey? These states are offering amnesty programs to help reduce or waive penalties and other reductions. To learn more about each state’s program, click here.
What you think you know about sales tax may have changed with the recent Supreme Court decision in Wayfair. States are now permitted to collect sales tax from out-of-state sellers with no physical presence in their state including remote sellers, online retailers, phone order retailers and inbound (foreign) companies. Many states are announcing new economic nexus standards which expand their reach to taxing out-of-state sellers.
Staying informed as we navigate state sales tax reform is more important than ever. Register now for our upcoming webinar, Sales Tax Compliance – How the SCOTUS Decision Impacts Out-of-State Sellers on August 2, 2018.
Effective October 1, 2018, all payments received for cloud computing services, including monthly and annual fees, will be subject to sales tax in Rhode Island. This change is a result of the recently engrossed House Bill 7200. Software as a Service (SaaS) is when a customer has access to a software application that is owned or operated by a vendor. Typically, these types of software solutions are only accessed over the internet and the content cannot be downloaded or transferred to the customer. In the software industry these types of models are often referred to as a form of cloud computing.
Learn more about the taxability of software as service by contact our state and local tax team.