Tax & Accounting Blog

Webcast: ONESOURCE Indirect Tax: Understanding Nexus to Avoid Unexpected Liability

Webcast: ONESOURCE Indirect Tax: Understanding Nexus to Avoid Unexpected Liability

Join Nicole Huberty, Lead Legal Analyst for Thomson Reuters, on November 8th, 2012, 10AM PT / 1PM ET for this nexus web presentation. Topics include: * The legal definition & background of nexus * Types of activities and the level of activity that creates nexus * How states will monitor your nexus and what to do … Read More

Some Californians Spend Big Online Before New Sales Tax Begins

Some Californians Spend Big Online Before New Sales Tax Begins

Amazon.com and other Internet retailers will begin collecting sales and use tax on purchases by California residents beginning Saturday 8 September 2012. Seeing the tax increase coming, many tech-savvy consumers are trying to cram in some last-minute tax-free shopping.  Depending on where they live, Californians pay 7.25 to 9.75 percent in sales taxes, making these tax savings … Read More

Pennsylvania Unveils New Online Sales Tax Policy

Pennsylvania Unveils New Online Sales Tax Policy

The  Department of Revenue issued a bulletin on December 1st announcing its reinterpretation of existing law regarding nexus. In announcing the new policy, state Secretary of Revenue Dan Meuser said the bulletin is intended to clarify laws regarding which businesses must collect sales tax for the state. Under the Pennsylvania Tax Reform Code (TRC), any … Read More

Sales Tax: Marketplace Equity Act Introduced in Congress

Sales Tax: Marketplace Equity Act Introduced in Congress

Last week Representative Steve Womack (R-Arkansas) and Representative Jackie Speier (D-California) introduced a bill dubbed the  Marketplace Equity Act (MEA). If passed this legislation would give all states the authority to require online retailers with no presence in the state to collect sales tax from residents who buy their … Read More

Amazon Strikes Deal With Tennessee to Collect Sales Tax in 2014

Amazon Strikes Deal With Tennessee to Collect Sales Tax in 2014

On October 6th, Tennessee Governor Bill Haslam announced that the state has come to a preliminary agreement with Amazon.com in which the internet retailing giant agrees to collect sales taxes on purchases made by Tennessee consumers if Congress doesn’t address the issue of online sales taxes. Under the deal, Amazon would begin collecting sales taxes beginning Jan. 1, … Read More