The SALTcast

Getting registered to file sales tax seems pretty straight forward. But, in fact getting registered for sales tax is actually pretty complicated. Want to find out why? Listen in as we chat about the intricacies and pit falls and what you can do to avoid them. Additional Questions Answered: How do I know where to get registered for sales tax? How many different kinds of sales tax licenses are there...

2022 is upon us and we predict that this year will be the year of enforcement. With all of the states having enacted economic nexus legislation they will now start enforcing those laws. Understanding your sales tax responsibilities is not an easy task. There is a lot of information and a lot of the time it is difficult to discern which laws are appropriate for your business. We aim to take the gue...

Have you been researching and investigating on how to best handle your sales tax responsibilities in 2022? You are not alone. You have probably found that there are a few different options, including,  automated software solutions and other full service providers like us, Peisner Johnson . Today we talk about what you can expect. Additional Questions Answered. What do I need to know to determine m...

Connecticut has recently released an amnesty program for the next few months. Amnesty programs are not all created equal. Listen in as we chat about whether or not Connecticuts amnesty program will work for you. Additional questions answered: What is an amnesty program? What is a VDA? What are the terms of Connecticut's amnesty program? How do I take advantage of the amnesty program? You can...

As digital goods and subscription items become more popular you can bet that states will be looking to cash in on those things. Listen in to Jason, Paul , and Danny speak on the taxability of digital goods. Additional Questions Answered: What is a digital good? Are services taxable? Since when have digital goods been taxed? How do I know if my product or service is taxable? If you sell digital goo...

We have noticed that Illinois has increased their sales tax audits significantly. I few of our clients are currently under audit or have received a letter of intent to audit. Illinois probably won't be the only state to do this. Listen in as we discuss what your options are. If you are under audit and would like to talk to someone about strategy you can schedule your What's Next call her...

Dropshipping is making easier for anybody to get into the ecommerce space. The concept of dropshipping is pretty simple. When it comes to sales tax dropshipping can be confusing and frustrating. I gathered the whole team to help understand dropshipping and what your sales tax responsibilities could be. Additional Questions Answered: What is dropshipping? How does dropshipping work? What are my sal...

Florida was one of the last to sign in economic nexus and marketplace facilitator tax law legislation. Along with the legislation they also, almost quietly, released a sales tax amnesty program that remote sellers could take advantage of. I invited Dan Peisner CMI, and Paul Johnson our VP of Operations to come chat about this amnesty and who could benefit from it. Additional Questions Answered: Wh...

Economic Nexus has been the talk of the sales tax town ever since the 2018 South Dakota vs Supreme Court (Wayfair) Decision. What we have found is that Physical Nexus often goes overlooked. Physical nexus was established decades ago and still remains relevant.  What we see happening is businesses are hitting economic nexus thresholds but had physical nexus  years ago and should have registered for...

It has been 3 years since the Wayfair Vs South Dakota decision was made in the Supreme Court. Since then states have been rushing to implement economic nexus and marketplace facilitator tax laws to capture sales tax revenue from remote sellers. Today I invited Paul Johnson our VP of Operations to talk about Missouri finalizing their economic nexus and marketplace facilitator tax laws and other cha...

Quick-Show Notes: In this episode of The Millionaire’s Lawyer, JP, Jason Parr, and Paul Johnson discuss: Jason and Paul mention how things have greatly changed in the Tax world over the last few years. E-Commerce has made a great impact on how the government and states are looking at taxing businesses. Sales Tax Tax on a transaction 6% to 12% depending on the jurisdiction Different per state Huge...

In a recent article from CPA Trendlines it states that 98% of small businesses are failing to fully comply to their sales tax responsibilities. Also, on top of that 71% of accountants falling short on helping their clients be sales tax compliant. Despite everyone knowing that sales tax is a requirement there are still many accountants and CPAs that are unaware on how they can help their clients. W...

They are called many things like; sales tax refund review, a reverse audit, or sales tax recovery project etc. No matter what you have heard it called or maybe you have never heard of it. It is important to know what it is, who would benefit from it, and why you should conduct one for your business. Today I invited Paul Johnson to talk about just that and why we include it on almost every one of o...

Because of economic nexus physical nexus often gets overlooked or even forgotten. With the pandemic a lot of businesses have allowed their employees to work remotely. Also, with todays technology, remote working is here to stay and will only become more popular in the future. This will trigger companies to have physical nexus and will require them to get registered for sales tax wherever they have...

There were only a few states that were holding out from enacting any marketplace place facilitator tax laws one of them was Kansas. I gathered Jason Parr, Paul Johnson, and Danny Wright to chat about what this all means. Additional Questions Answered: What are marketplace facilitator tax laws? What is economic nexus? Do I still need to worry about physical nexus? What are the economic nexus thresh...

Having an online store is almost a necessity these days in order for your business to grow. Many use their online store to be able to sell their products globally! There are a lot of online shopping store software choices out there. All of your options have pros and cons to them but there is one feature that is almost never talked about that we find is essential. That is sales tax integration. Joi...

There are really 3 different methods of sales tax compliance; in house, automated technology providers, and outsourcing of course. No matter how your sales tax compliance is handled a recent survey done suggests that 71% of people who are in charge of sales tax in their company are unhappy with their current solution. In today's episode we talk about the different methods of sales tax complia...

We love working with CPAs. Our relationships with CPAs are complimentary, since our area of expertise is in sales and use tax. In general, CPAs are looking for sales/use tax experts, since they typically like to focus on other tax matters. In today’s podcast, we are going to be talking with Jeff Bickel. Jeff has been with Tanner for over 15 years, and has spent the last 10 years acting as the mana...

E-commerce is expanding worldwide. Companies from all over the world are continually expanding their current company, and/or open e-commerce businesses in the USA. We speak daily with international companies that want to know what they need to do to start their business in the USA. Our guest for this episode is Scott Letourneau with NCP, the U.S. e-commerce expansion experts. We address a couple o...

We have a lot of What's Next Call's each week and we see a lot of similar situations. In today's episode we will be covering the biggest hurdles we see when it come to filing sales tax returns. Additional Questions Answered: What is sales tax compliance? What are the steps to becoming sales tax compliant? What happens if I decide not to get compliant when I should? What are some cha...

When it comes to being compliant with sales tax in a state it is important to know the steps to take to get there. After recognizing your sales tax nexus footprint the next step is getting registered for sales tax in the states where you have nexus. In today's episode we discuss they information, steps, and what to expect when you get registered for sales tax. Additional Questions Answered: W...

In the wake of many businesses being bought and sold this year I invited Jason Parr our CEO here at Peisner Johnson to talk about due diligence on the sales tax side. With due diligence sales tax liabilities are often uncovered but on the other side sales tax overpayments are also discovered. Listen in as we dive into these matters. Additional Questions Answered: First of all, What is due diligenc...

This Holiday season will probably set a new record of online sales. Not only is online sales just rising in popularity but, this global pandemic is still raging and demanding that we stay home whenever possible. This may put a lot of online sellers over the economic nexus thresholds requiring them to get registered to collect and remit sales tax. I'm sure that many will have enough stress try...

Our biggest goal here at Peisner Johnson is to bring peace of mind to those that have to deal with sales tax. If you sell products or services you are probably subject to some level of sales taxes. Sales tax laws are constantly changing. When you are out on the internet looking for the answers you need more often than not you come out the other end more confused and stressed out. We have created a...

Sales tax is like a suspenseful thriller. Whenever you think you can predict what will happen a new twist appears and you are back to the edge of your seat. I invited Paul Johnson back to today's podcast because he is always at the edge of his seat when it comes to sales tax. He is always up to date with the ever changing sales tax laws and is very knowledgeable. Come listen in as we discuss...