Editor's Note
If you've ever made an online purchase of merchandise, you've
probably noticed that you might not have paid sales tax. After
all, goods purchased from out-of-state are subject to use tax,
not sales tax, and of course when you made that online purchase,
you recorded it in your little online purchase diary and filed
the information away with your tax data so you could report the
purchase and pay the use tax on your state income tax return in
the spring.
If you're nodding "Yes, I did that," right now, rest assured you
are in the minority. States are giving up on trying to collect
use tax since they've never gotten the hang of enforcing the
tax, and they're hoping Congress will overrule a 1992 Supreme
Court decision and let the retailers take care of collecting the
tax and remitting it to the states and local jurisdictions.
Chances are better than 50/50 that this Congress might actually
push this legislation through.
Best regards,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com
|
|
|
Expert Guidance, Online Research- Checkpoint® - No Cost for 30 Days
For more than 10 years, accounting, auditing and tax professionals have been turning to Checkpoint®, the revolutionary, easily-searchable online system, to get straight to their answers.
Checkpoint brings together the most trusted information on the most powerful research system available, integrating unparalleled expert guidance, primary source materials and analysis.
Plus, Checkpoint is completely customizable to meet your specific research needs, so you see exactly what you want, and reach your answers faster and easier than ever before.
Try Checkpoint now at NO COST for 30 days. Call 1.800.950.1216 or visit ria.thomsonreuters.com today. |
|
|
Amazon loses New York sales tax lawsuit
In January, 2009, a New York state judge dismissed Amazon.com's
lawsuit alleging the online retail giant had no requirement to
pay sales tax in the state due to a lack of physical presence.
more >>
|
|
Learn to Remove the Hassles from Sales Tax Compliance: Join SST and choose Avalara as your CSP
The Streamlined Sales Tax Project (SST) objective is to simplify and modernize sales and use tax collection and administration in the United States.
Businesses outsource sales and use tax compliance functions to Avalara—one of only four Certified Service Providers (CSP) in the Streamlined Sales Tax Project—to determine and calculate the tax, then report and remit taxes to the states on their behalf. This service is performed automatically and in real-time. Achieving SST certification has validated Avalara as a trusted provider of the most accurate, affordable and secure sales tax compliance solution available.
If you are interested in learning more about Streamlined Sales Tax and other sales and use tax topics, please sign up for our monthly newsletter.
If you have an immediate question regarding SST or sales tax compliance, please contact us. |
Business Tax Index ranks state tax systems
In April, 2009, the Small Business & Entrepreneurship Council
(SBE Council) published the "Business Tax Index 2009: Best to
Worst State Tax Systems for Entrepreneurship and Small
Business," which ranks the 50 states and District of Columbia
according to the costs of their tax systems for entrepreneurship
and small business.
more >>
|
|
Sales tax compliance costs hit hard on SMBs
In what offers the faint hint of another area where accountants
can assist small and midsized (SMB) clients, a government and
business study has found that the costs of complying with state
sales tax regulations is a financial burden for all retail
businesses and hits especially hard on the smallest.
more >>
|
|
Advertise in the Tax Zone e-newsletter
AccountingWEB has many advertisement opportunities available
Contact Diane Williams, Sales Manager
866-688-1678 x 16 or e-mail dwilliams@accountingweb.com
|
Has Outlook blocked your images?
If you need to right-click one of the images in this e-newsletter to see the pictures it's
easy to set up AccountingWEB.com as a 'safe sender' so you don't have to do this every time
you receive an e-newsletter. Select the Actions-Junk Mail menu and pick either the 'Add
Sender' or 'Add Sender's Domain' option.
|
|
|
|
