September 30, 2013 5 min read
New Colorado sales tax New Colorado sales tax The Colorado government is looking for ways to raise money for road repairs and new transit projects. One idea that is gaining traction is adding a new Colorado sales tax. Supporters of this idea want to add another 0.7% to the state
Read More September 30, 2013 5 min read
New York sales tax extensions New York sales tax extensions Andrew Cuomo, the governor of New York, just signed a bill to extend the sales tax rates for 24 counties across the state. By law, if a county in New York wants to charge a sales tax rate above 3
Read More August 29, 2013 5 min read
sales tax revenues sales tax revenues Despite charging the highest sales tax rate in the country, California is struggling to bring in sales tax revenues. In 1979, sales taxes made up roughly 36 percent of the state’s revenue. Today, they only make up 22 percent. The issue is that while
Read More August 29, 2013 5 min read
Higher sales tax rate Higher sales tax rate Starting September 1st, Ohio residents will need to pay a higher sales tax rate. Governor John Kasich has approved a plan that increases the state sales tax rate from 5.5 percent to 5.75 percent for the next two years. Kasich pushed for
Read More August 26, 2013 5 min read
increase sales taxes increase sales taxes Michigan’s roads are in need of major repairs and the state government is considering ways to pay for these renovations. One idea that is gaining popularity with state lawmakers is to increase sales taxes. The current proposal is to increase Michigan’s tax rate from
Read More July 29, 2013 6 min read
Virginia increased the sales tax rate from 5% up to 5.3% to fund new road construction. Virginia’s new transportation bill has increased sales taxes across the state to help pay for new roads to relieve traffic congestion.
Read More July 25, 2013 6 min read
Arkansas increases sales tax rate Arkansas increases sales tax rate by 0.5%. This moves the state rate up to 6.5% from 6.0% and is the first time Arkansas has changed its sales tax rate since 2004. The increased tax rate went into effect July 1st. The state has begun mailing
Read More July 24, 2013 6 min read
sales tax exempt sales tax exempt State governments charge sales taxes on many purchases but not on all of them. Each state exempts a number of transactions from sales taxes. You need to be aware of these exemptions so you can avoid collecting unnecessary taxes while still staying compliant.
Read More July 22, 2013 5 min read
sales tax system sales tax system Governor Mark Dayton has decided to give up his attempt to change Minnesota’s sales tax system. Minnesota currently has a very high tax rate compared to most states at 6.875%. However, this tax only applies to a narrow selection of products. The state generally
Read More July 02, 2013 5 min read
America is a competitive place and states battle to be the best at whatever they can. Who has the best schools, the best food, the friendliest people, etc.? As a business owner, you definitely need to know which are the most business friendly.
Read More June 14, 2013 5 min read
collect sales taxes collect sales taxes As a business owner, one of your responsibilities is to collect sales taxes from your customers on behalf of the state your business has nexus in. Before you can start collecting sales taxes from your customers though, you need to register for this legal
Read More May 29, 2013 5 min read
The South Carolina Supreme Court has maintained the state’s current sales tax exemptions, at least for now. This May, it threw out a lawsuit challenging billions of dollars worth of exemptions. The court threw out the lawsuit on a technicality however and didn’t weigh in on the validity of the case.
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