The Tax Foundation midyear report on sales taxes provides a population-weighted average of local sales taxes, giving a sense of the average local rate in your state. Take a look.
Online retailers Amazon.com Inc and Overstock.com refuted state sales tax in a New York state court of law. In a first-of-its-kind, the case unfolding at the State of New York Court of Appeals tests “Amazon taxes” meant to make online retailers charge state sales taxes.
Another great year presenting to engaged and energetic business owners and entrepreneurs at Denver Startup Week! If you weren't one of the 18,885 people who attended this year, here's the resources you missed.
Register now to learn how to manage tax reporting when flagged for audit.
Is sales tax automation on your priority to-do list? If not, it should be. Two experts in the area of sales tax automation offer their perspectives on why this should be.
Join TaxOps' State and Local Tax specialist Alexander Korzhen as he guides discussion on how to determine your nexus footprint.
Get your free-CPE hour on Tuesday, Oct. 24, by attending this webinar, the third of three presentations by Judy Vorndran in our "Reducing Sales Tax Risk" series.
Catch Judy Vorndran's next webinar on reading the taxing situation right and join Joni Johnson-Powe as she takes a closer look at the when, what and where of online sales collections. Registration open now.
Webinars presented by Judy Vorndran have been added to the "Reducing SALT Risk" series, sponsored by Avalara. Read more for details.
Limited-time state tax amnesty program is providing tax relief to those that qualify and take advantage of the benefits of amnesty by Nov. 1, 2017.
The standoff between Amazon.com and the state of California over a requirement to collect sales taxes appears to be coming to an end. The Seattle-based ecommerce giant has reportedly agreed to abandon a referendum initiative to strike down the state's tax collection requirement in exchange for a one-year reprieve from collecting certain sales taxes.
The Amazon laws are in trouble. According to Roger Russell, the laws have suffered several setbacks in recent weeks. Both in Colorado and Illinois laws, the laws to extend nexus to cover sales from remote vendors were struck down as unconstitutional.
The legislative intent to entice angel investors in Colorado to capitalize new technology startups is written into law, even though the program is not yet funded.
States and local taxing authorities are offering businesses huge incentives to stay or move in rather than move on. The taxman's impetus is job creation. If your company is thinking about moving your operations from one tax jurisdiction to another, consider the tax implications of the move first, and ways that you can use the move to improve your tax position.
Businesses across the nation are receiving notification of special assessments or an increase in Unemployment Insurance (UI) rates this year to cover interest payments to the U.S. government. These interest payments are due on federal loans taken by states borrowing to fund unemployment insurance benefit payments.
Study shows that state and local tax burden on businesses grew almost three times faster than inflation during fiscal year 2012.
Californians voted in favor of Proposition 39 mandating a single-sales factor apportionment formula and market-based sourcing for tax years beginning on or after January 1, 2013.
Retailers have long relied on Quill Corp. v. North Dakota to protect them from collecting taxes in states where they have no physical presence. Now South Dakota is hoping to challenge the 1992 Supreme Court ruling.
Second attempt by the House to stop tax and regulation overreach by states.
Almost half of all U.S. states now require Amazon.com to collect sales tax from purchasers.
Colorado Department of Revenue will begin enforcing state use tax reporting requirements this year.
The most successful job-attracting tax credit that Colorado offers just got a whole lot better.
The Colorado Supreme Court says online booking companies failed to collect and remit lodging tax accurately, sticking websites with millions of dollars in past due hotel room taxes.
The Colorado Office of State Planning and Budgeting recently proposed a number of revisions to Colorado tax exemptions and credits, in an attempt to close a projected fiscal shortfall. Among the proposals are elimination of exemptions or credits, either temporary or permanent, that would affect:
The U.S. District Court of Colorado has found the Colorado "Amazon" law requiring out-of state retailers to report information about customers' purchases to each customer and to the Colorado Department of Revenue (CDOR) to be in violation of the Commerce Clause of the United States Constitution (Direct Marketing Association vs. Huber).
Combined reporting in the District of Columbia (DC) is now effective as of September 14, 2011 with the enactment of the Budget Support Act. The retroactive change requires combined reporting for tax years beginning on or after December 31, 2010.
Tax amnesty programs offer delinquent taxpayers a discount on penalties and interest to get caught up on back taxes.
The state of Connecticut's newly approved 2014-2015 (Act 13-184 (H.B. 6704) budget bill allocates funds for various state agencies and program and law makes several state tax and revenue changes that could affect corporate taxpayers.
Controversial budget provisions increasing business taxes signed into law.
The bill increases taxes on businesses, higher net worth individuals and certain goods and services.
The state of Connecticut is offering a sales tax holiday from August 18 through August 24, 2013, exempting the purchase of clothing and footwear costing less than $300 from Connecticut sales tax.
The Tax Foundation reports that corporate income taxes are one of the smallest sources of state and local tax revenue.
The Denver City Council passed an ordinance approving a temporary tax amnesty program available to almost all Denver taxpayers. The program runs for three months from October 1 to December 30, 2011, and is concurrent with the State of Colorado's tax amnesty program.
Practical application of Denver's sales and use tax code for data processing.
States have been largely prevailing in a case-by-case fight against tax exemptions that taxpayers have historically enjoyed. That is until Mount Sterling, Illinois-based food distributor Dot Foods challenged the Washington Department of Revenue and won.
Nexus is no longer what we've become used to over the years. When thinking of income tax nexus, tax preparers so often asked themselves the questions: "Do I have property or payroll in the jurisdiction?"
District of Columbia Council the latest to introduce bill to allow tax-related false claims against taxpayers.
A new Tax Foundation report examines how states handle first-year expensing on capital investments differently.
The Connecticut General Assembly passed two bills that are widely expected to strengthen the state’s biosciences and fuel the spirit of entrepreneurism.
Total state and local tax collections per capita vary drastically across the country, but the highest collections might surprise you. See which states take the largest cut on The Tax Foundation's state and local tax collection map.
The Illinois Department of Revenue issued guidance regarding Software as a Service, creating more certainty in a confusing area of tax.
TaxOps' lead state and local tax Partner Judy Vorndran has been appointed to the legislative Sales and Use Tax Task Force through 2020 to help simplify sales tax for businesses and consumers.
Judy will lead the Colorado chapter of professionals mixing legal and business interests to reduce client risk and boost client outcomes.
Sales and use tax obligations may go undetected without frequent nexus reviews.
With taxes a top three expense for virtually all business, understanding the full impact of state and local taxes is critical to strategic business decisions.
An increasing number of states are following in the footsteps of the federal government to mandate e-filing for state income tax returns.
Massachusetts-based technology companies are subject to a new6.25 percent sales tax.
The Michigan Business Tax (MBT) will be no more on January 1, 2012. The controversial tax and surcharge on gross receipts and income was repealed in May in favor of a Corporate Income Tax (CIT) effective January 1, 2012.
Minnesota lawmakers expanded collection requirements for remote retailers and affiliates.
From online purchases to R&D credits, Minnesota has made significant tax changes for businesses.
Let's face it, hiring employees can be expensive; not just the cost of the services provided, but all of the administration that surrounds it, like payroll taxes and unemployment taxes. Now, at least in Colorado, add to that a state assessed fine beginning July 1, 2009 for all situations where the Division of Employment finds that an employer "with willful disregard of the law, misclassified employees" as independent contractors.
The Multistate Tax Commission extended the application deadline to November 1, 2017, giving taxpayers two extra weeks to meet eligibility criteria for tax relief.
Although the Front Range city of Loveland rescinded the recent tax assessment it issued to Netflix, widespread and aggressive efforts by state and local tax authorities to collect sales tax in gray areas continues.
Netflix users in Kentucky continue to enjoy tax-free viewing.
The state of New York enacts major corporate tax reform, sanctioning significant changes for many corporate taxpayers.
State filings have traditionally not been a top priority for businesses. Rather, their attention has been concentrated on getting provisions correct and federal returns done and filed in a timely manner. State tax issues have largely been an afterthought.
States are aggressively expanding their definition of nexus to maximize sales tax revenue.
A 3-year effort to reform Colorado’s sales tax system - a quagmire of confusion and conflict - is underway at the State Capitol. The task force in its second meeting this summer looked to other states for possible solutions.
As of April 1, the online retail giant began collecting sales taxes in all states with a sales tax.
Ohio's recently enacted budget bill authorizes two temporary tax amnesty programs. The general tax amnesty program will commence May 1, 2012, and conclude on June 15, 2012, and applies to a variety of taxes that were due and payable as of May 1, 2011.
Federal sales tax guidance remains in limbo after an indecisive 2013.
Still haven't filed your 2008 Colorado corporation income tax return? If you apportion your income to a number of states, maximize your 2008 Colorado NOL carryover by calculating the year's loss under both the two factor and three factor method; choose the method that provides the greatest loss.
If your business will perform an activity that will earn an enterprise zone tax credit on or after January 1, 2012, the State of Colorado requires that you pre-certify prior to beginning the activity that will earn the credit. Pre-certification can be requested year-round.
South Dakota Supremes rule in favor of remote retailers.
The R&D tax credit is among the largest and most broadly available federal and state tax credits. State competition to attract jobs has resulted in more attractive R&D credits, creating a veritable benefit bonanza for businesses.
The nation finally may be on the road to recovery, but state budgets are lagging far behind. Precipitous revenue drops, double-digit unemployment, and rising demand for social services has put most states deep in the red.
Recent sales tax changes highlighted in Tax Foundation mid-year report further spotlight the influence of sales and income tax on purchase and location decisions.
The compliance burden of state sales taxes is moving in the wrong direction, adding further complexity and cost for businesses that operate across tax jurisdictions.
Capital Hill has entered state terrain in an effort to settle the decade-old heated battle between states and online retailers over the collection of sales taxes on online purchases. Depending on your viewpoint, this is either government gone amuck or action that is way overdue.
How do states compare?
The largest owner of shopping malls in the U.S., Simon Property Group, is taking on retail giant Amazon in the Indiana courtroom. Simon Property Group has filed suit against the state of Indiana in an effort to force the state to collect sales taxes from online retailers.
Plenty of new tax legislation to pay attention to in Connecticut.
Keep more of what your company makes by managing the tax implications of growth in 2015.
Taxpayer-friendly reforms and business tax credits are being put to work by state and local jurisdictions aggressively recruiting businesses and people.
States collected over 10 percent more in taxes in the second quarter, compared to a year earlier, according to report from the Nelson A. Rockefeller Institute of Government at the State University of New York. The increase was the biggest in six years but is unlikely to be sustainable.
In an effort to close revenue gaps, gross receipts taxes are looking better and better to a growing number of states.
Process, revenue, and spending were just a few of the challenges legislators discussed in Arkansas on tax reform; update on Colorado sales and use tax reform initiatives.
According to a report by Michael Schadewald in the AICPA Tax Adviser, more and more states are requiring multistate corporate taxpayers to apportion sales of services using a market-based sourcing method instead of a cost-of-performance method.
The accelerating economic expansion is putting states on stronger footing, leading many to reduce net taxes and fees for a second consecutive year.
Three bills are currently awaiting action in the Senate and House of Representatives. Which bill will pass?
Across the U.S., state and city revenue collection is trending in opposite directions. Revenue collections at the state level are growing while city coffers begin what is widely expected to be a long bleed.
High court ruling affirms residents’ right to deduct income taxes paid on money earned out of state.
TaxOps Partners presented "10 Tax Essentials for Growing Businesses" to business owners eager to get tax right.
Lucrative state credits are available to companies incurring qualified research expenses.
Which states have the most competitive business tax climate?
Know before you go in-state what activities trigger nexus and the attendant obligation to collect sales tax.
TaxOps is pleased to announce that Meredith Theiss, SALT practice manager, is a member of the 2013 Leadership 20 Program sponsored by the Association of Corporate Growth Denver.
Franchise rates are permanently reduced and could fall further if the law fails to achieve goals.
Texas taxpayers are being granted a Fresh Start with the Texas Taxpayer Amnesty Program 2012. From June 12 through August 17, 2012, the State of Texas is providing amnesty to taxpayers for any amount and any year they were delinquent in their payments prior to April 1, 2012.
Common characteristics abound among the best and worst state tax systems.
Improve tax outcomes with these preparation tips and resources.
Voluntary programs give taxpayers an opportunity to get current with state tax authorities.
A Utah rule has been amended to delete language providing that the delivery of goods in a seller's own vehicle, if above a de minimis level, creates nexus for corporation income and franchise tax purposes. This change reflects current agency practice and results from case law and amendments to the corresponding Multistate Tax Commission model rule.
Colorado has the distinction of having the most complicated sales and use tax regime in the nation. The Colorado Department of Revenue helps build the case for sales tax reform with facts and figures that demonstrate a mind-numbing level of sales tax dysfunction.
States yield broad powers in pursuing back taxes, penalties and fees for tax noncompliance. As a start-up business, you can avoid the crippling cost of noncompliance by knowing your obligations and preparing to meet them upfront.
Minnesota Republicans have come out pro-business in a big way. Will other states follow?
Under recessionary and budgetary pressures, many states are turning to amnesty programs to rake in some quick cash from delinquent taxpayers. Remiss taxpayers that take advantage of these windows of opportunity can save themselves money and ingratiate themselves back into the good graces of the State and local taxing authorities.