Sales Tax Archives | The SALTCast

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.

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

August 27, 2021 thesaltcast 17 min

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.

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

August 27, 2021 thesaltcast 39 min

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.

As An Accountant, Bookkeeper, or CPA, Are Your Business Clients Sales Tax Compliant?

August 27, 2021 thesaltcast 15 min

In a recent article from CPA Trendlines it states that 98% of small businesses are failing to fully comply to their sales tax responsibilities. Also, on top of that 71% of accountants falling short on helping their clients be sales tax compliant. Despite everyone knowing that sales tax is a requirement there are still many accountants and CPAs that are unaware on how they can help their clients. We work a lot with accountants, bookkeepers, and CPAs and I asked the team to come and talk about what a partnership with us looks like.

Ever Considered a Sales Tax Refund Review?

August 27, 2021 thesaltcast 16 min

They are called many things like; sales tax refund review, a reverse audit, or sales tax recovery project etc. No matter what you have heard it called or maybe you have never heard of it. It is important to know what it is, who would benefit from it, and why you should conduct one for your business. Today I invited Paul Johnson to talk about just that and why we include it on almost every one of our subscription contracts.

Do You Know Your Sales Tax Nexus?

August 27, 2021 thesaltcast 17 min

Because of economic nexus physical nexus often gets overlooked or even forgotten. With the pandemic a lot of businesses have allowed their employees to work remotely. Also, with todays technology, remote working is here to stay and will only become more popular in the future. This will trigger companies to have physical nexus and will require them to get registered for sales tax wherever they have employees. I invited Jason, Paul, and Danny to talk about this and more.

Kansas Has Finally Enacted Marketplace Facilitator Tax Laws! Here is What You Need To Know

August 27, 2021 thesaltcast 15 min

There were only a few states that were holding out from enacting any marketplace place facilitator tax laws one of them was Kansas. I gathered Jason Parr, Paul Johnson, and Danny Wright to chat about what this all means.

When Deciding What Online Shopping Solution to Use There is One Benefit That is ALWAYS Overlooked

August 27, 2021 thesaltcast 19 min

Having an online store is almost a necessity these days in order for your business to grow. Many use their online store to be able to sell their products globally! There are a lot of online shopping store software choices out there. All of your options have pros and cons to them but there is one feature that is almost never talked about that we find is essential. That is sales tax integration. Join us today as we talk about sales tax and what you should consider when you are trying to decide which provider to go with.

Are You Happy With Your Sales Tax Compliance Solution?

August 27, 2021 thesaltcast 24 min

There are really 3 different methods of sales tax compliance; in house, automated technology providers, and outsourcing of course. No matter how your sales tax compliance is handled a recent survey done suggests that 71% of people who are in charge of sales tax in their company are unhappy with their current solution. In today’s episode we talk about the different methods of sales tax compliance and what would work best for you.

Podcast Interview With Jeff Bickel CPA, From Tanner LLC

August 27, 2021 thesaltcast 17 min

We love working with CPAs. Our relationships with CPAs are complimentary, since our area of expertise is in sales and use tax. In general, CPAs are looking for sales/use tax experts, since they typically like to focus on other tax matters. In today’s podcast, we are going to be talking with Jeff Bickel. Jeff has been with Tanner for over 15 years, and has spent the last 10 years acting as the managing partner in Salt Lake City, UT. As we commonly are talking about What’s Next, we thought it would be very helpful to learn from Jeff about what he and Tanner would cover in one of their own introductory calls with clients.