Tax News

A wealth of information from TaxOps

We want to share our knowledge and tools to help you achieve greater business success. For the latest tax developments and insights into leading practices, we invite you to:

Disclaimer: Before relying on information provided on this site, contact a tax professional to discuss the implications to your particular tax situation as it is not possible to provide comprehensive tax advice over the internet.

The fix is on: Simplifying Colorado Sales Tax enters active phase

All businesses in Colorado will reap rewards from a simpler sales tax system. And for the first time, one is taking shape, spearheaded by the Coalition to Simplify Colorado Sales Tax. Here's a recap of the Coalition successes to date that have led to the active phase we are now entering and your invitation to join the movement.

Continue Reading

Minnesota DOR Updates 2019 Filing Season for Tax Year 2018 FAQ

The Minnesota Department of Revenue updates FAQs to accommodate the differences between federal and Minnesota tax laws.

Continue Reading

How small is small? Making sense of economic nexus small seller exceptions

Nearly 30 states have adopted economic nexus since the Supremes decision in Wayfair ruled physical presence in a state is no longer the sole requisite for sales tax collection. While all provide an exception for small sellers, the exceptions are not all the same.

Continue Reading

How local taxes can impact small businesses

The Sales Tax Institute takes a closer look at the impact of local taxes on three separate retailers in Illinois.

Continue Reading

Manufacturers and distributors: Size up your sales tax obligations state-by-state

With nexus as well as product and services taxability rules changing in many states, how manufacturers and distributors are taxed could have changed in areas where you do business. Time to size up the impact on your sales.

Continue Reading

TIGTA warns IRS of delayed start to 2019 tax season

Tax reform changes, along with a shortened cycle and missed deadlines, are increasing the risk of a delayed start to the 2019 tax-filing season, according to a new report from the Treasury Inspector General for Tax Administration. Read more.

Continue Reading

Will Colorado be ready for its own emergency ruling?

Beginning Dec. 1, how retailers in Colorado collect sales tax will change substantially. Find out how and get prepared.

Continue Reading

IRS issues Q&A on family and medical leave

More answers on how to claim tax reform credit for family and medical leave.

Continue Reading