The SALTcast

With states opening back up I wanted to talk to Dan Peisner, CMI, to see  what we can expect states to do to recoup tax losses over the last few months. We have already seen a flurry of new laws and the restructuring of economic nexus laws. What more can they do? Additional Questions Answered: Are states going to be performing more sales tax audits? How can I prepare for a sales tax audit? What wi...

The state of Washington has temporarily extended their VDA program they rolled out until November 30th of 2020. For some this could be good news, but for most it won't have any effect. Dan is or Director of Projects and definitely knows a thing or two about getting VDAs done. We talk about this program extension and how you may be able to use it to your advantage. Additional Questions Answere...

Most states already have marketplace facilitator tax laws with only a handful of states that haven't quite rolled them out. One of those states was Louisiana. I asked Paul Johnson our VP of operations to join me to talk about Louisiana's new marketplace facilitator tax laws and economic nexus thresholds. Additional Questions Answered: What makes the release of these laws in Louisiana sig...

Getting compliant with state sales tax requires informed counsel. Somebody that can help identify your nexus and what you should be paying. Somebody more specialized than your CPA. In this podcast, I invited Jason Parr, our President/ CEO, and we’ll look at why you need both. What does Peisner Johnson do? How does Peisner Johnson work with CPA Firms? What are some services that Peisner Johnson off...

Many companies will discover that they have a physical or economic presence in a state and decide to get registered in a state or multiple states. What we often see is that at this point when they attempt to do these registrations that there are questions that they are unsure of how to answer. Sometimes they will push through and it turns out that they applied for the wrong tax license. And a whol...

If you are selling on a marketplace facilitator platform (Amazon, EBay, Walmart, Etsy, etc), you may be registered to collect sales tax in too many states. Sales tax laws are constantly changing and states are making concessions for businesses doing sales strictly on marketplace facilitator platforms. Along with sales tax changes, nexus is also evolving. What caused you to get registered to collec...

The Wayfair and Supreme Court decision that was made back in 2018 has caused 1000s of businesses to have sales tax nexus and have the obligation to get registered. Another repercussion that is often not addressed is that getting registered in some of these states could also trigger income tax nexus. You could possibly be responsible for remitting income tax as well. I recruited Dan Peisner, CMI to...

A NEXT review can help you to determine just how big your potential state sales tax liability is. Depending on the size of the liability, and some other conditions, will determine how you should handle it. Join us as Dan Peisner, CMI, discusses what your options are. Additional Questions Answered: What is a VDA aka voluntary disclosure agreement. How do I get a VDA started? What are the states pro...

One of the most frequently asked questions we get is, "I have a business where I have sales in multiple states but I am not sure where I should be collecting sales tax." I completely understand, especially when so much of the information online can be confusing or contradicting. I invited Dan Peisner back with me to answer this question and talk about what is you need to do NEXT. Additio...

For this episode I invited Paul Johnson our VP of Operations here at Peisner Johnson. He has been running our sales tax returns services for the last 5 years. I invited him to come  talk to us about what happens if you end up having to file your sales tax returns late because of the Covid-19 pandemic. Additional Questions Answered: How do states handle natural disasters Do states grant waivers of...

If you are registered for sales tax in Texas you may have been getting notices that you should be filing the Texas Franchise Tax return. You may be asking yourself what it is and what you need to to do with it, if anything. Today we are discussing with Dan Peisner what you need to do with this notice. Additional Questions Answered: What is the Texas Franchise Tax? When is it due? How do I know tha...

Each week I will be highlighting a new state and will be going over their nexus laws, thresholds, how to register for sales tax, how to collect the sales tax, and how we can help you. Topics Covered In Order: Sales and Use tax overview.      - Sales Tax      - Sellers Use Tax      - Consumers Use Tax When you should collect the tax in Alabama. What happens when you don't collect the sales tax...

Sales tax audits are happening more and more frequently. As more business are susceptible to economic nexus laws states are looking to obtain as much revenue as possible. I  want to share as many tips as I  can. I  get all my tips from our Ultimate Guide To Fighting A Sales Tax Audit. If you would like to look ahead you can download here for free . If you are under going an audit or fear its only...

Today's tip is all about economic nexus and physical nexus and deciding which applies to you. I frequently get questions around the lines of, "now that economic nexus is a thing do I need to even consider checking whether or not I have physical nexus?" Short answer "HECK YES IT DOES!" Make sure and check out our article on the new economic nexus ruling HERE . If you would...

We recently attended the Silicon Slopes Tech Summit in Salt Lake City. As I walked around and checked out all the different booths, and the cool Arcade setup where they had a Super Smash Brothers tournament, I wondered about sales tax. I spoke with as many people as I could to discover what their company does. I would then ask them about sales tax, and of course they weren’t sure what they did for...

Marketplace Facilitator Laws have been around for a few years and I can’t say that it's any less confusing now. I get a lot of questions, and have many conversations, about marketplace facilitator laws, and sometimes I get confused myself. We live in the age of information, thanks to the internet, and all this information can get complicated. I hope that in today’s episode I can make things l...

2018 was a big year for sales tax. No one could have predicted that sales tax would have gone all the way to the supreme court. 2019 Saw some unprecedented amount of sales tax changes. We now have two separate forms of nexus, physical and economic, to worry about. I can’t and won’t try to predict what will happen in 2020 but I want to give you a few things to look at going into the new year to hel...

I have received a few questions regarding this topic and apparently the information on the Internet makes it seem like Drop-shippers and Marketplace Facilitators are one in the same. With today’s episode I hope to make it a little easier to discern between the two. Additional Questions Answered:  What is drop-shipping? What is a Marketplace Facilitator? Do I need to register my business wherever m...

 There are a lot of unknowns about a sales tax audit and it can be impossible to predict when a sales tax audit will happen. However, there are ways to become prepared when they do happen. We have been in the business long enough to know what kind of businesses auditors look for and what factors go into their choices. We have created a comprehensive guide we call, “The Ultimate Guide to Fighting a...

While all of the amazing advances in technology area make it easier to sell your items to customers in the US from all over the world, it can be frustrating trying to understand the tax laws you have to deal with. You would think that if you are doing business over the internet you should be able to find the answers you need on the internet. Unfortunately, you can find A LOT of contradicting infor...

Sales tax audits happen all the time. If you haven’t been under a sales tax audit yet it is only a matter of time. Dan has seen countless numbers of audits and his fair share of sales tax horror stories. We make it our business to make sure that you and your company can avoid a horror story. In this episode, Dan covers what horrors he has seen with sales tax when it comes to dealing with sales tax...

Sales tax audits happen all the time. If you haven’t been under a sales tax audit yet it is only a matter of time. Dan has seen countless numbers of audits and his fair share of sales tax horror stories. We make it our business to make sure that you and your company can avoid a horror story. In this episode, Dan covers what horrors he has seen with sales tax if you use Quickbooks software. Additio...

 Dan has worked on tons of sales tax audits over the last 10 years and he has seen his fair share of sales tax audit horror stories. This has given him the knowledge and experience to be able to help anyone who is going through a sales tax audit. This week Dan recounts a story about what makes a construction sales tax audit a true nightmare. Additional Questions Answered: What makes construction s...

New economic nexus laws are coming into effect on October 1, 2019. Is your business or your clients ready to meet these changes head-on? Are you even sure of the challenges you might be facing? There are a half dozen states enacting new laws, and on today’s episode, I want to make sure that you know which states those are. Even if you are unsure what nexus is or what the decision between South Dak...

Have you ever purchased a subscription for clothes or maybe you subscribed for monthly snack packages? If not these few there are a wide range of items from cosmetics, toys, and shaving products. Have you ever wondered how sales taxes are collected on items like that? Or wonder if those items are even taxable? Let's be honest you probably aren’t like me and check whether or not sales tax was...