147 episodes
The SALTcast Ryan Johnson, Daniel M. Peisner, CMI, Jason Parr CEO, Paul Johnson, VP
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- Business
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4.4 • 8 Ratings
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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.
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Charging Sales Tax on Shipping and Handling: What You Need to Know
If you are a business owner who charges customers for shipping and handling, it's important to understand the rules and regulations for charging sales tax on these items. Failure to comply with the laws could result in penalties and fines, so it's crucial to get it right. In this blog post, we'll explain some things you need to know about charging sales tax on shipping and handling, including the rules, exceptions, and best practices.
If you are unsure about what you have been doing sign up for a What's Next call today. -
How To Calculate Sales Tax: What You Need To Know
Understanding how to calculate sales tax is as simple as multiplying the sales tax rate times the sales price of the item you’re selling. However, as simple as it may sound, there are nuances depending on your location and situation. Learning how to correctly charge sales tax in each state can create complexity. Let’s talk through it.
If you have any questions let's chat HERE. -
All States With Sales Tax Now Have Active Economic Nexus
A new year brings new sales tax changes for some states. As of January 1, economic nexus has taken effect and become active in Missouri. More changes may follow suit.
It’s a new year, which means there are changes to be aware of! State tax changes take effect either at the beginning of the calendar year (January 1) or the beginning of the fiscal year (July 1). According to the Tax Foundation, “thirty eight states have noteworthy tax changes taking effect.” Check your state here to stay informed on any changes that may affect you or your business.
For today’s focus, we are going to take a look at the change in states with economic nexus. This summer will mark 5 years since the momentous 2018 Supreme Court case South Dakota v. Wayfair, Inc. decision that established the sales tax landscape retailers and eCommerce sellers know today. Many businesses are still trying to navigate their way through the new obligations; but as of January 1, every state with sales tax has economic nexus.
If you feel that it is time to re-evaluate your nexus footprint schedule a call with us today: https://peisnerjohnson.com/whats-next/ -
Best Practices of Sales Tax Due Diligence
What does due diligence look like in the sales tax world? As a business owner, due diligence consists of analyzing the accuracy and taxability estimates and your businesses sales tax compliance. It is a process of solving tax problems before they negatively affect your business. This will drastically reduce the amount of unpaid taxes you may owe a state.
Questions Answered:
What should I be looking at?
What ate some blind spots?
We offer a free consultation to help you through your due diligence process. Conducting proper due diligence on unpaid taxes or a state audit assessment can greatly reduce your business’s total exposure and can save you hundreds of thousands of dollars. Find peace in mind, we would love to help you through your due diligence process. There is confidence in collaboration.
Reach out to me here: ryanj@peisnerjohnson.com -
Conversation With Jamie Szal
Jamie assists businesses in all aspects of state and local tax, from compliance, to audits and administrative proceedings, through litigation. Outside of work, Jamie serves a variety of
organizations including MothersEsquire, Trinity College Board of Trustees, a local dental
non-profit, and several bar associations. Jamie enjoys raising her fiercely independent, impish daughter; singing; and hiking around Maine with her husband, daughter, and dogs.
Conversation Topics Include:
- What does Brann & Isaacson do for Clients?
- What does Peisner Johnson and Brann & Isaacson have in common?
- What recent legislation changes are your clients experiencing?
- What kind of tax traps are you seeing that your clients are dealing with?
- What advice can you give to businesses?
You can follow Jamie on linkedIn here: https://www.linkedin.com/in/jamieszal/ -
Interview with Jeremy Porter From Repurpose Recycling
While serving the people in Guatemala Jeremy Porter was able to see first hand the poverty of the people living near rivers, streams and the coast. He also saw the amount of plastic and trash that was being thrown into these rivers and streams that was reaching the ocean. When he got home and was studying in college he came up with the Idea of Repurpose Recycling. Repurpose Recycling not only helps keep trash out of our oceans but helps those in poverty gain access to more food, freshwater, and money. Listen in as I interview Jeremy about his journey and what he and his company has been able to accomplish.
Check out Jeremy on Linkedin: https://www.linkedin.com/in/jeremy-porter10/