Since the South Dakota v. Wayfair ruling over six months ago, companies have been waiting to see how New York (the fourth most populated state) would handle the new rules for remote sellers. Tax advisors assumed New York was taking their time in creating the right formula, however, this may not have been the case.
Category Archives: SALT Minds
Part of a Series on State and Local R&D Tax Credits. Many states offer tax credits from research and development spend that complement the Federal R&D Tax Credit program. However, each of these programs has unique aspects. This article is part of a tax technical series that will explore the more popular programs and outline
On Tuesday the California Department of Tax and Fee Administration announced that beginning April 1, 2019, California will require out-of-state retailers to collect and remit use tax if they have $100,000 in sales or 200 transactions. The $100,000 threshold is far from the $500,000 threshold discussed back in August 2018 through draft legislation. In addition,
The restaurant industry is at the top of many state sales tax auditors target lists. With a history of underreporting cash sales, state auditors have developed many strategies to hit owners with underpayment assessments. These can include sitting by the front door for a day in order to count customers, to using purchases of products
While CPAs have been enjoying their summer taking long vacations, states have been very busy at work asserting their positions regarding the impact of South Dakota v. Wayfair. Many professionals assumed that since the majority of state legislatures have adjourned for 2018 that we would not get significant guidance from states, but that has not
On August 2, Michigan released a Revenue Administrative Bulletin (RAB 2018-16) that addresses sales & use tax nexus standards for remote sellers. Most of the language is cookie cutter with other state releases such as creating a threshold of $100,000 in sales or 200 transactions. However, unlike many other states Michigan clearly addresses several key
Maryland is now the most recent state to issue a Tax Alert regarding South Dakota V Wayfair, and it’s the vaguest guidance issued to date by any state. Although Maryland did consider both affiliate and click-through nexus statutes in the past, before Wayfair, Maryland was a physical presence state. In the Tax Alert issued this
Within 24 hours of Alabama’s announcement regarding its enforcement date of 10/1/2018 regarding its economic nexus law, Wisconsin became the first state without an economic nexus law to announce that they will apply the SD v. Wayfair decision by rule. “New standards for administering sales tax laws on remote sellers will be developed by rule.
Remote sellers received some clarity from Alabama today regarding its existing economic nexus and marketplace facilitator rules. Although remote sellers are not happy about the decision by the Supreme Court in SD v Wayfair, this announcement helps clear up confusion and concern that has existed since the ruling regarding states like Alabama that had economic