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Sales Tax, Restocking Fees and Refunds

Sales Tax, Restocking Fees and Refunds

August 28, 2015
Sales and use tax is complicated enough. Ecommerce shops have to determine whether they have a nexus in all the states they ship to, keep track of sales tax holidays for those states and figure out the complexities of a state’s sales tax exemption rules. However, what happens to the sales tax when a customer returns an item, especially if the vendor charges restocking fees? Here is a look at what retailers need to keep in mind when these actions take place. According to Sales Tax Support, sales tax is a “tax imposed by state and local jurisdictions on retailers… Read More
record keeping for sales tax purposes

Record Keeping for Sales Tax Purposes

May 5, 2015
The biggest sales tax challenge for retailers is often knowing how much tax to charge for any given order. A not-distant second challenge is figuring out what you owe when it comes time to file your sales tax return. On the surface, this seems fairly straightforward. Collect the sales tax on each order, add it up, and send in the sum. In reality, it can be more difficult to determine the total sales tax due to a state over a given period of time. Why is that? Changes to Orders and Cancellations First of all, often an order gets changed… Read More

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