Tag Archives: multi state tax issues

The Top 8 Significant Sales Tax Issues of 2017

As 2017 comes to a close, we thought this would be a good time to reflect on the past year. There have been quite a few notable developments in the online sales tax realm and in multistate issues in general over the last 12 months. Here are 8 developments that we thought were of particular significance, which we’ve discussed on our blog in the past year.

1. Fascinating Ramifications of Colorado’s New Online Sales Tax

Side view of a piggy bank with the flag design of colorado.

What are the ramifications of online sales tax in Colorado?

Colorado has been at the forefront of the internet sales tax debate since 2010, when it passed a law that required companies with more than $100,000 in sales that did not have nexus in the state to 1) alert Colorado customers that state sales or use tax is due and 2) file annual reports to the state, listing all the names, purchases and shipping addresses of Colorado customers.

After making its way to the courts and several rounds of negotiations between the state and taxpayers, the law went into effect on July 1, 2017. Find out why the U.S. Supreme Court chose not to hear the case and more in the full blog post.

2. Another Move Toward Economic Nexus

Highway map of the state of Indiana with Interstates and US Routes.  It also has lines for state and county routes (but not labeled) and many cities  on it as well.  All cities are the County Seats and the Capitol (and some others).

How are states like Indiana pushing economic nexus limits?

When businesses sell their products across state lines, they need to think about whether they have taxable presence, or nexus, in the state and if their products are taxable. In 2017, several states began pushing the boundaries of defining the physical presence in order to generate more revenue. Welcome to the concept of “economic nexus.”

Read more about this concept and how states such as Indiana are pushing limits through economic nexus in this blog post. Continue reading

FOCUS ON WYOMING

Moulton Barn with Bison in the Grand Teton National Park, Wyoming.

Moulton Barn with Bison in the Grand Teton National Park, Wyoming.

Vast plains and the Rocky Mountains paint the landscape of Wyoming, the Cowboy State. Its famed Yellowstone National Park, a nearly 3,500 square mile wilderness area, is home to hundreds of animal species (i.e., bears, wolves, bison, elk and antelope), dramatic canyons, alpine rivers, lush forests, hot springs and gushing geysers, its most famous geyser being Old Faithful. Yellowstone was the nation’s first national park and the first national monument was Devil’s Tower. Known for its backcountry skiing areas, forested trails and Snake River is Grand Teton National Park.

Just a few of the ways to explore Wyoming’s natural lands is to enjoy a sightseeing tour, soak in a hot spring or watch the wildlife. Yellowstone Lake offers plentiful fishing and boating during the warmer months.

Due to its sparse population, Wyoming lacks any major professional sports teams. However, college (e.g., the University of Wyoming) and high school sports are popular in the state. Rodeos and Rugby are also popular sporting events in Wyoming.

Continue reading

[State Tax Series] SaaS Companies & Multi-State Tax Issues

milesconsultingHave you been following our series that chronicles how state tax legislation applies to various technology industry niches? So far we’ve covered medical device companies and software companies; today the topic is Software as a Service (or SaaS) companies.What multi-state tax issues do they face when it comes to nexus, sales and use tax, state tax legislation and more? Keep reading to find out.

 

An Overview of SaaS Companies

SaaS is defined as, “A way of delivering applications over the Internet – as a service. Instead of installing and maintaining software, you simply access it via the Internet, freeing yourself from complex software and hardware management.” Continue reading