thesaltcast

Working With a Sales Tax Specialist When You Have a CPA

Getting compliant with state sales tax requires informed counsel. Somebody that can help identify your nexus and what you should be paying. Somebody more specialized than your CPA. In this podcast, I invited Jason Parr, our President/ CEO, and we’ll look at why you need both.

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Complexities of Getting Registered for Sales Tax.

Many companies will discover that they have a physical or economic presence in a state and decide to get registered in a state or multiple states. What we often see is that at this point when they attempt to do these registrations that there are questions that they are unsure of how to answer. Sometimes they will push through and it turns out that they applied for the wrong tax license.

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You Are Probably Registered to Collect Sales Tax in Too Many States

If you are selling on a marketplace facilitator platform (Amazon, EBay, Walmart, Etsy, etc), you may be registered to collect sales tax in too many states. Sales tax laws are constantly changing and states are making concessions for businesses doing sales strictly on marketplace facilitator platforms. Along with sales tax changes, nexus is also evolving. What caused you to get registered to collect sales tax may no longer be a factor now.

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What You Need To Know About Income Tax Nexus

The Wayfair and Supreme Court decision that was made back in 2018 has caused 1000s of businesses to have sales tax nexus and have the obligation to get registered. Another repercussion that is often not addressed is that getting registered in some of these states could also trigger income tax nexus. You could possibly be responsible for remitting income tax as well. I recruited Dan Peisner, CMI to address this issue and to answer all of the questions that we have encountered.

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Do You Have a Sales Tax Liability? Here Are Your Options.

A NEXT review can help you to determine just how big your potential state sales tax liability is. Depending on the size of the liability, and some other conditions, will determine how you should handle it. Join us as Dan Peisner, CMI, discusses what your options are.

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Sales Tax Nexus and What To Do Next

One of the most frequently asked questions we get is, “I have a business where I have sales in multiple states but I am not sure where I should be collecting sales tax.” I completely understand, especially when so much of the information online can be confusing or contradicting. I invited Dan Peisner back with me to answer this question and talk about what is you need to do NEXT.

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What if You File Your Sales Tax Returns Late Because of the Corona Virus?

For this episode I invited Paul Johnson our VP of Operations here at Peisner Johnson. He has been running our sales tax returns services for the last 5 years. I invited him to come talk to us about what happens if you end up having to file your sales tax returns late because of the Covid-19 pandemic.

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Did You Register For Sales Tax in Texas but Now You Are Getting Notice to File The Franchise Tax?

If you are registered for sales tax in Texas you may have been getting notices that you should be filing the Texas Franchise Tax return. You may be asking yourself what it is and what you need to to do with it, if anything. Today we are discussing with Dan Peisner what you need to do with this notice.

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State by State Sales Tax: Alabama

Each week I will be highlighting a new state and will be going over their nexus laws, thresholds, how to register for sales tax, how to collect the sales tax, and how we can help you.

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Wednesday’s Nexus Tip #1

Today’s tip is all about economic nexus and physical nexus and deciding which applies to you. I frequently get questions around the lines of, “now that economic nexus is a thing do I need to even consider checking whether or not I have physical nexus?” Short answer “HECK YES IT DOES!”

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