Whether to record the sales tax portion of a refund or to provide greater transparency to your customers about the components of their purchase, there are several reasons you might need to calculate sales tax backwards. For example, if you’ve lost a receipt, and you’re looking at your credit card statement, you would only see…
Dealing with sales tax can be tricky, especially when it comes to sales tax exemption certificates. These are special forms that allow entities to make purchases without paying sales tax. But it’s not enough just to gather these forms from customers. Your business needs to make sure they’re up-to-date, complete, and valid. Whether you’re selling…
Affiliate marketers, third-party publishers, and partners operating independently of vendors have provided a valuable cornerstone for the Internet economy since its inception in the 1990s. While that has not fundamentally changed, the processes, technologies, and policies surrounding affiliate marketing have changed quite a bit. Sales tax laws around online sales have been overhauled in almost…
Sales tax on clothes varies significantly between states, with different tax rates, tax holidays, and general regulations on the level at which clothing is taxed. In some states, clothing is completely tax-exempt, while in others there are luxury thresholds at which clothing becomes taxable. In this guide, we’ll take a closer look at these thresholds…
What is nexus? It’s the legal term used by states to determine the taxable relationship between a business and that state. To collect tax on sales made by a business, nexus needs to be established. For the better part of 30 years, sales tax nexus was fairly simple. Based on the precedent set in Supreme…
In forty-six out of fifty US states, sales tax is charged on the majority of transactions between individuals and businesses. These taxes are used to fund state initiatives, programs, and departments, including schools, public works, and new infrastructure projects. It is an important source of revenue that is built into the budgets of almost every…
Whether yours is a new company just getting off the ground or an existing e-commerce company working to comply with new out-of-state sales tax laws around the country, you need to register for a sales tax permit in each state where you have nexus, whether physical or economic nexus. Every state has different regulations and…
Following the Supreme Court’s decision in the Wayfair case, online retailers were left wondering how exactly the next year would play out. How many more states would implement new Economic Nexus laws, and how would they go about collecting and remitting sales tax to those states to stay compliant? A big part of that is…
In recent years, ecommerce and the sales tax implications of running such a business have become significantly more intricate and complex. Where once physical nexus laws and a limited number of outlets on which to sell goods made the process relatively simple, there are now dozens new regulations, laws and requirements, all of which vary…
Sales tax has always been a complicated web of regulations and laws for retailers to untangle. For e-commerce companies in particular, it was difficult to know when and how to collect sales tax based on where they had physical nexus. Now, with the recent Wayfair decision from the US Supreme Court, there are more questions…