sales tax Archives - CFO

Avalara Shares Jump On First Day Of Trading

Avalara Shares Jump On First Day Of Trading

Shares of the Seattle-based sales tax automation company soar after pricing at $24 per share on Wednesday.

By William Sprouse | June 15, 2018

A ‘Sad Case’ of Execs’ Personal Liability for Sales Taxes

A ‘Sad Case’ of Execs’ Personal Liability for Sales Taxes

Marina company officers fail to escape responsibility for paying delinquent sales taxes.

By David McCann | December 2, 2016

Expanding or Relocating? Bring in the Tax Department

Expanding or Relocating? Bring in the Tax Department

Tax departments can provide strategic tax planning to mitigate risk, minimize tax liabilities, and secure business incentives.

By Melissa Munoz and Sharon M. Welhouse | April 29, 2016

Let States Mandate Tax Collection by Out-of-state Retailers

Let States Mandate Tax Collection by Out-of-state Retailers

Whether you're running the government or a business you need to be able to project a revenue stream, says Thomas Secor, president of Durable Corporation.

By Thomas E. Secor | July 21, 2015

Don’t Let States Make Outside Retailers Collect Sales Taxes

Management Accounting

Don’t Let States Make Outside Retailers Collect Sales Taxes

Physical presence is still the best rule for allowing states to require tax collection by retailers, according to Rick Smith, president of Chef’s Resources.

By Rick Smith | July 21, 2015

Sales Tax Bill Seeks to Ease Online Retailer Burdens

Risk & Compliance

Sales Tax Bill Seeks to Ease Online Retailer Burdens

The new sales tax bill would trim 10,000 taxing authorities down to 46.

By David Katz | June 17, 2015

Small Businesses Crave Tax Reform Too

Small Businesses Crave Tax Reform Too

But they worry lawmakers won't take into account the impact on small businesses when considering changes to the tax code.

By Katie Kuehner-Hebert | April 14, 2015

National Sales Tax Wouldn’t Depress Consumer Spending: Study

National Sales Tax Wouldn’t Depress Consumer Spending: Study

When a tax on consumption is a "distinct percentage add-on," U.S. consumers tend to pay little attention, say researchers.

By Matthew Heller | April 13, 2015

How to Halve Your Potential State Tax Burdens

Risk Management

How to Halve Your Potential State Tax Burdens

If tax officials find that a business has “nexus” in a state, the penalties and interest they charge can easily double the tax the company otherwise owes.

By Matthew C. Boch and Arthur R. Rosen | April 13, 2015

Tax-collection Threat Looms for Internet Retailers

Tax-collection Threat Looms for Internet Retailers

A U.S. Supreme Court Justice's opinion and a new Senate bill favor giving the states power to compel internet retailers to collect sales taxes.

By David Katz | March 18, 2015

How Inaccurate Sales Tax Calculations Spur Class Actions

How Inaccurate Sales Tax Calculations Spur Class Actions

Thanks to a combination of increased consumer awareness and a constantly changing set of tax codes, the risk of getting sales tax wrong has risen.

By Carla Yrjanson | February 27, 2015

CFOs Face Liability for Business Taxes

CFOs Face Liability for Business Taxes

Finance executives can be liable for unpaid business taxes and need to put controls in place to ensure that such taxes are properly paid.

By Matthew C. Boch and Arthur R. Rosen | January 5, 2015

How the High Court Could Help Amazon

How the High Court Could Help Amazon

Following other states, Illinois seems likely to require retailers outside the state to collect sales taxes on goods shipped into it.

By Robert Willens | January 31, 2011

Is Sales Tax on the Internet Around the Corner?

Corporate Finance

Is Sales Tax on the Internet Around the Corner?

For now, online retailers are still enjoying the benefits of a moratorium on most Internet state and local sales taxes put in place when Congress passed the Internet Tax Freedom Act in 1998.

By Lisa Yoon | January 1, 2000

Awaiting the Internet Tax Man

Awaiting the Internet Tax Man

Business and government leaders hope to strike a deal to impose sales tax on E-commerce in exchange for a simpler system.

By Ian Springsteel | September 1, 1999