Sales Tax FAQs #11: Rates & Sourcing (Part 2)
Sales Tax & More
Which rate should someone use when collecting tax? And do states and local jurisdictions have the same rates? What the difference between origin based and destination sourcing? Where are tangible personal property (TPP) and digital property sourced? Are there differences between how they are sourced?
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Sales Tax FAQs #10: Rates & Sourcing (Part 1)
Sales Tax & More
Does every state have a local tax rate? What factors can influence whether or not a local tax rate is charged? Which type of tax would require local tax collection? How do local tax rates affect remote sellers? What determines whether a remote seller will be subject to it? Are there any exemptions? How can someone figure out the state and local tax rates? What are good resources and what are bad resources to look into?
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Sales Tax FAQs #9: Audits
Sales Tax & More
What red flags can trigger and audit? What are some big things someone should be paying attention to? How can someone be proactive when it comes to preparing for a sales tax audit? Who would STM’s audit defense service benefit? Who is not right for it? Who should be looking for this?
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Sales Tax for Contractors
Sales Tax & More
When materials are moved to out-of-state job sites, do they trigger use tax obligations? What are the hidden nexus risks of warranties, repairs, and subcontractor work? How can someone understand when registration is required and when it’s not required?
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Sales Tax FAQs #8: Exemption Certificates
Sales Tax & More
What can an exemption be applied to? How do you obtain an exemption certificate? Who is and isn’t a good fit for STM’s exemption certificate management service?
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Sales Tax FAQs #7
Sales Tax & More
What are the most aggressive states conducting audits right now? Why is Artificial Intelligence (AI) a bad idea for sales tax? What is the connection between marketplaces and economic nexus?
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Sales Tax FAQs #6
Sales Tax & More
Does any FBA seller have to pay income taxes in any state where their inventory is stored Why can’t you register prospectively in Illinois and some of the other states? Would you do a VDA if you have an acquired entity with long-term exposure due to an employee working in the state and they don’t have detailed sales data from the legacy accounting system? What are the chances of a state finding a foreign company with any sales tax liability?
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Sales Tax FAQs #5
Sales Tax & More
What type of documentation should a vendor collect from their customers that claim they do not meet the economic nexus for a specific state? What is the best way to resolve sales tax collected in the wrong states? Is it the seller’s or purchaser’s responsibility to make sure use tax is paid?
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Sales Tax FAQs #4
Sales Tax & More
Alaska Registration & VDA Why would you do a historic registration instead of a VDA? Can free items from a vendor be subject to use tax in a state? Can certain exemption certificates be dated retroactively?
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Sales Tax FAQs #3: Physical Presence
Sales Tax & More
The basics of determining physical presence when it comes to sales tax. Does physical presence matter for sales tax? What should someone do once they’ve determined they have physical presence for sales tax?
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Horror Story #1: Small Sellers Program & Being Registered in a State not Required to be Registered In.
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Horror Story #2: Miscommunication from Sales Tax Provider
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Horror Story #3: Problems with the Streamlined Sales Tax Program