115 episodes

When it comes to sales tax in the US, E-commerce sellers face a tremendous challenge.
Every state has its own rules and tax rates. Each state has its own idea of "nexus" or the point at which a business is required to collect tax in their state. Each state has their unique laws around the taxability of goods and services in their state.
Some states exempt food products, and/or clothing, and/or, medical products, and/or digital goods. And these rules are constantly changing and evolving. E-commerce businesses and their advisors are caught in a very difficult position trying to stay on top of everything in this rapidly changing environment.
That's where this Podcast is meant to help. We'll try to bring episodes each week that will help keep up with the changes and give you answers to specific stat tax scenarios that e-commerce businesses face.

The SALTcast Ryan Johnson, Daniel M. Peisner, CMI, Jason Parr CEO, Paul Johnson, VP

    • Arts
    • 4.2 • 6 Ratings

When it comes to sales tax in the US, E-commerce sellers face a tremendous challenge.
Every state has its own rules and tax rates. Each state has its own idea of "nexus" or the point at which a business is required to collect tax in their state. Each state has their unique laws around the taxability of goods and services in their state.
Some states exempt food products, and/or clothing, and/or, medical products, and/or digital goods. And these rules are constantly changing and evolving. E-commerce businesses and their advisors are caught in a very difficult position trying to stay on top of everything in this rapidly changing environment.
That's where this Podcast is meant to help. We'll try to bring episodes each week that will help keep up with the changes and give you answers to specific stat tax scenarios that e-commerce businesses face.

    You Will Probably Be Getting a Letter From Illinois Informing You of a Sales Tax Audit

    You Will Probably Be Getting a Letter From Illinois Informing You of a Sales Tax Audit

    We have noticed that Illinois has increased their sales tax audits significantly. I few of our clients are currently under audit or have received a letter of intent to audit. Illinois probably won't be the only state to do this. Listen in as we discuss what your options are.

    If you are under audit and would like to talk to someone about strategy you can schedule your What's Next call here: www.pj.tax

    • 17 min
    Let's Talk About Dropshipping

    Let's Talk About Dropshipping

    Dropshipping is making easier for anybody to get into the ecommerce space. The concept of dropshipping is pretty simple. When it comes to sales tax dropshipping can be confusing and frustrating. I gathered the whole team to help understand dropshipping and what your sales tax responsibilities could be.

    Additional Questions Answered:

    What is dropshipping?

    How does dropshipping work?

    What are my sales tax responsibilities when I dropship?

    Where do I collect sales tax from?

    Do I need a resale certificate?

    How do I get a resale certificate?


    If you use a dropshipping method and are unaware of your sales tax responsibilities let's schedule  a What's Next call here: https://peisnerjohnson.com/whats-next/

    • 18 min
    2021 Florida Sales Tax Amnesty Program

    2021 Florida Sales Tax Amnesty Program

    Florida was one of the last to sign in economic nexus and marketplace facilitator tax law legislation. Along with the legislation they also, almost quietly, released a sales tax amnesty program that remote sellers could take advantage of. I invited Dan Peisner CMI, and Paul Johnson our VP of Operations to come chat about this amnesty and who could benefit from it.

    Additional Questions Answered:

    What is a sales tax amnesty program?

    What are the terms of the amnesty program?

    How often to sales tax amnesties happen?

    Who can take advantage of the sales tax amnesty program?

    How do I get started with the sales tax amnesty program?

    If you would like to chat about your situation and if this amnesty program makes sense for you schedule your What's Next call here: www.pj.tax

    • 15 min
    Hitting Economic Nexus Thresholds? You May Have Established Physical Nexus Years Ago.

    Hitting Economic Nexus Thresholds? You May Have Established Physical Nexus Years Ago.

    Economic Nexus has been the talk of the sales tax town ever since the 2018 South Dakota vs Supreme Court (Wayfair) Decision. What we have found is that Physical Nexus often goes overlooked. Physical nexus was established decades ago and still remains relevant.  What we see happening is businesses are hitting economic nexus thresholds but had physical nexus  years ago and should have registered for sales tax back then. Today we talk about just that.


    Additional Questions Answered:

    What is economic nexus?

    What is physical nexus?

    What triggers economic nexus?

    What triggers physical nexus?

    What do I do if I discover I had physical nexus years ago?

    Can I have physical nexus and not economic nexus?

    Can I have economic nexus and not physical nexus?


    If you are unsure of your nexus, now is the time to find out. Schedule your Free "What's Next?" call here: pj.tax

    • 19 min
    3 Years Later: What Has Happened Since the Wayfair vs South Dakota Supreme Court Decision?

    3 Years Later: What Has Happened Since the Wayfair vs South Dakota Supreme Court Decision?

    It has been 3 years since the Wayfair Vs South Dakota decision was made in the Supreme Court. Since then states have been rushing to implement economic nexus and marketplace facilitator tax laws to capture sales tax revenue from remote sellers. Today I invited Paul Johnson our VP of Operations to talk about Missouri finalizing their economic nexus and marketplace facilitator tax laws and other changes states have made over the last few years.


    Additional Questions Answered:

    Which states have yet to establish economic nexus laws?

    When was the last time sales tax was brought up in the Supreme Court?

    When will Missouri's economic nexus laws come into play?
          - Read the legislation here: https://governor.mo.gov/press-releases/archive/governor-parson-signs-wayfair-legislation-law

    Will states come after ecommerce sellers?

    What has changed since the Wayfair VS South Dakota Supreme Court Decision 3 years ago?

    Are all online marketplace facilitators required to collect and remit sales tax for sellers selling on their platforms?

    What do I need to do once I determine my nexus?

    How do I determine if I have nexus?

    What is a "What's Next Call?"


    If you want to talk about where your business is at in regards to the Wayfair decision get on a free What's Next call with us today! Schedule yours here now : pj.tax

    • 17 min
    Podcast Interview with JP McAvoy with The Millionaire's Lawyer Podcast

    Podcast Interview with JP McAvoy with The Millionaire's Lawyer Podcast

    Quick-Show Notes:
    In this episode of The Millionaire’s Lawyer, JP, Jason Parr, and Paul Johnson discuss:
    Jason and Paul mention how things have greatly changed in the Tax world over the last few years.
    E-Commerce has made a great impact on how the government and states are looking at taxing businesses.
    Sales Tax
    Tax on a transaction6% to 12% depending on the jurisdictionDifferent per stateHuge deal, aka, Margin Killer, if the sales tax is unpaidCan ruin selling your business should you not be compliantIn 2018 there was a Taxation case in the Supreme Courts in regards to where corporations are required to be registered and compliant
    Jason and Paul state how important it is to have confidence regarding your taxation and make sure you have all jurisdictions covered in which you may be collecting tax.
    Collaboration builds confidence, outsource what you are not an expert in
    “What’s Next?” Call
    Do I have Nexus?Is what I have taxable in that jurisdiction? / Fully-taxable or partial?How do I sell?Market place FacilitatorIf you are using a place like Amazon, they do this for you.Each state taxes differently, Jason provides the example of Supplements
    In some states, the Supplements are fully taxableIn others, they are only partially taxable.You are responsible to know this.Jason and Paul mention that there is software out there to help track
    There are Monthly and Quarterly remittances
    Make sure you are set up now for when you need to get there, prepare for the growth ahead of time.
    Manage where you are and set up the automation for that, and then when you expand add that into the automated system.
    State
    And
    Local
    Tax
    Scott LeTourneau
    Both Jason and Paul feel like the Government is going to become a little bit more aggressive in regards to the corporations that are not compliant, and even those who are yet to be registered in the correct jurisdiction.
    Remain consistent in your Core Values
    It is hard to successfully multi-task, slow down and become really good at one thing.
    Key Takeaways
    From this episode of The Millionaires Lawyer with Jason Parr and Paul Johnson:
    You have to be registered and compliment in every jurisdiction your clients areTax laws have greatly changed over the last three years with the introduction of successful e-commerceTaxes are not something you are able to push offIf this is a situation that you are dealing with don't hesitate let's chat! Schedule your What's Next Call here: https://peisnerjohnson.com/whats-next/

    • 39 min

Customer Reviews

4.2 out of 5
6 Ratings

6 Ratings

Top Podcasts In Arts

You Might Also Like