Tag: State And Local Tax

New Sales Tax Economic Nexus Standards

Your company must take the proper steps to address the domino effect of issues created by the new sale tax nexus landscape before your company registers and starts collecting sales tax in new states.

The Domino Effect of Sales Tax Nexus

Don’t be liable for tax you could have collected from your customer, and don’t overpay sales tax or use tax on your purchases. Make your company audit ready, and mitigate sales and use tax risk by completing the 10 steps.

Tips On Reporting Sales Tax

This article covers a few simple efforts that may prevent costly problems with sales tax collection and reporting responsibilities.

Do you owe TN sales tax on cloud-based software?

Cloud computing generally takes the form of “software as a service” (SaaS), which is the focus of this post, generally refers to the ability of a user to access software and/or to receive services provided remotely via the internet.

NextTennessee – IMPROVE Act Summary

As part of his proposed budget for 2017, Governor Bill Haslam recently announced the first piece of legislation for his NextTennessee legislative agenda, the “IMPROVE Act”.

Hall Income Tax—Phase Out and Angel Investor Credit

Tennessee’s legislature approved a bill to reduce and ultimately repeal the Hall Tax. The law will initially cut the tax rate from 6% to 5% for tax years beginning on or after January 1, 2016.

Residency Rules and Traps for the Unwary

there are two concepts to consider when determining an individual’s filing status in a particular state. Those concepts are “domicile” and “residency.”