Tax News

Alcohol taxes can drive you to drink – Wacky Tax Wednesday

July 13, 2016

The crazy-complicated world of alcohol tax can drive you to drink, especially if you handle it manually. Sales tax software-as-a-service simplifies tax compliance, keeping you on the wagon.

Colorado confusion – wacky tax Wednesday

July 6, 2016

The state allows an exemption for medication prescribed and sold by veterinarians, but Loveland doesn’t because it taxes the tangible personal property and services that are taxed by the state. Clear as mud.

Happy Fiscal New Year: 2016 Sales Tax Changes take effect July 1

June 29, 2016

There have been a number of red-letter changes to date in 2016, most notably with respect to state sales tax rates and remote sales tax laws. On July 1, local sales and use tax rate changes will sweep the nation.

Baby blues: taxing essentials – Wacky Tax Wednesday

Many states allow a sales and use tax exemption or reduced rate for certain essential items, but there is little consistency in the items considered essential. In Connecticut, for example, disposable and reusable diapers for children are subject to tax but adult diapers are exempt.

Unusually special districts – Wacky Tax Wednesday

June 22, 2016

Auditors in Lawrence, Kansas are puzzling over a small special tax district that appears to have generated more than $2 million, including about $430,000 in sales tax rebates, for the local development group that built the hotel located in the district. The facts being revealed tell a rather strange tale. The taxing district apparently allows […]

Don’t like the law? Change it! – Wacky Tax Wednesday

June 8, 2016

Come July 1, 2016, correctional facilities will commit no crime when they sell prepared meals and tangible personal property free from sales tax to inmates. But as the law currently stands, those sales are taxable.

Etsy and VAT: a state of confusion

June 7, 2016

Etsy has instituted a new policy to increase international tax compliance. As often happens, where change goes, confusion follows.

Chicago’s Lease Transaction Tax broadened

June 1, 2016

The City of Chicago has extended its Personal Property Lease Transaction Tax to SaaS services, applicable retroactively. Businesses selling these services may be held liable for this tax for a four-year period.

If the boat floats – Wacky Tax Wednesday

Would the Washington Department of Revenue insist use tax be paid on a vessel constructed from free building scraps? Would the Louisiana Department of Revenue?

The harder the seat, the higher the tax – Wacky Tax Wednesday

May 25, 2016

Products considered to be essential are sometimes exempt from sales and use tax. In spite of what fans might think, attending sporting events is not a necessity. Why then, is Minnesota considering an exemption for luxury box seats?