When it comes to activities for accountants and small business clients, exposure to unexpected sales and use taxes in jurisdictions may be likely if they think they are not required to report.
Here are 10 common nexus-creating activities for sales and use tax.
Ownership of real property in a jurisdiction (stores, warehouses, offices, etc.)
Ownership of personal property (machinery, equipment, etc.)
Leasing of real property (stores, warehouses, etc.)
Leasing of personal property into a state (machinery, equipment, etc.)
Maintaining of an inventory, whether consigned, stored or carried by sales representatives
Travel of employees into a state to conduct sales, training, deliveries, installations, repairs, etc.
Use of independent sales or manufacturer's representatives, even if they are not exclusive
Use of sub-contractors for repairs, maintenance, installations, etc.
Delivery of property in seller-owned vehicles
Allowing employees to telecommute or use a home office
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In light of the current coronavirus (COVID-19) healthcare crisis impacting businesses, we have compiled a list of regularly updated resources that provide information at the international, U.S. federal and state levels
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Many tax executives are fielding questions from their information technology (IT) counterparts since the COVID-19 crisis began; others should expect to do so soon.
The EC has proposed to postpone the effective date of the new VAT e-commerce package. The new rules will take effect on July 1, 2021.
Efforts by states to enact sales taxes on traditional services—landscaping, accounting, dry-cleaning, legal advice, etc.—have been an “uphill battle” for years.
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