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Tax Rules Blog Posts

Sales Tax and Gift Certificates

Sales Tax and Gift Certificates

April 28, 2014
Many online retailers reap the benefit of gift-giving, especially for shoppers buying presents for friends and family who live elsewhere. Whether you are a business that focuses primarily on gifts, such as gift basket or flower delivery service, a shop that rarely caters to the gift-giving crowd, or somewhere in between, take the opportunity to upsell your best products for gift-driving holidays, such as Mother’s Day, Father’s Day, Christmas, and others. Of course, many would-be gift givers are too lazy and will just wind up purchasing last minute gift cards. Most shops offer these and they should not have sales… Read More

How to Fix a Sales Tax Error

April 7, 2014
Businesses are run by humans and are therefore prone to mistakes. When those mistake involves the miscalculation of sales tax, the company in error risks the loss of money or business and can incur the wrath of the state affected. By law, a vendor is not allowed to keep any income that comes from such an error, no matter how small. How can vendors be sure they haven’t made an error? What can they do to fix these mistakes and how do they prevent any in the future? The following guidelines will benefit any ecommerce shop: 1. Double check for… Read More
Understanding Sales Tax Nexua

Understanding Sales Tax Nexus

March 11, 2014
All this talk about nexus can be confusing for an online vendor. What exactly does it mean and who determines it? “Nexus” is a term used to designate that a company legally has a presence in that state – that is, they are determined to be doing business in the state. When nexus is created for a company, they are subject to that state’s sales tax requirements. While there are constitutional guidelines on how states can define it, states ultimately determine when nexus is established by a company. The standards vary greatly. Some of the ways nexus can be created… Read More
destination and origin based sales tax

Destination and Origin Based Sales Tax

July 1, 2011
The term “sales tax sourcing” is used to describe which tax rates are applied to a given purchase, and to which jurisdictions the tax money collected is owed. When you ship a product to another address, the knowledge of your tax rules becomes very important in both the sales tax calculation and when completing your tax returns.
Sales and Use Tax - What's the Difference?

Sales Tax and Use Tax – What’s the Difference?

July 27, 2010
Most people are familiar with the term “sales tax”, because we’re required to pay it almost every time we make a purchase at a local store. (Unless you’re lucky enough to live in a state with no sales tax.) A sales tax is typically a required percentage of the sale price of a good or service, that is paid by the purchaser at the time of the sale, and collected and remitted by the retailer. Sales taxes only apply to retail transactions – not wholesale ones – because they are a type of “consumption” tax. A “use tax” is not… Read More
What States Have No Sales Tax?

What States Have No Sales Tax?

May 14, 2010
Did you know that some states don’t impose a sales tax at all? Few of us are lucky enough to reside in these states – after all, there are only five of them! The following states have no state sales tax: Delaware Montana New Hampshire Oregon Alaska Some areas in these states may have county or local sales tax, but there is no state-wide sales tax in these five states. Need help remembering? The mnemonic NOMAD will help you recall which states have no sales tax – N for New Hampshire, O for Oregon, M for Montana, A for Alaska,… Read More
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