Sales & Use Tax

Is Your Company Likely to Encounter State Tax Auditors?

Within the last ten years, states have ramped up efforts to enforce sales tax compliance. Audits have become more frequent and states have identified increased sales tax audits as a way to close the

Avoid Tax Audits by Automating Your Sales and Use Tax Reporting

In two recent surveys conducted by Vertex Inc., one of finance professionals and the other of state audit officials, respondents were asked how sales and use tax assessments might be reduced and how

Are You Among the Best-in-Class at Calculating Sales & Use Tax?

According to The Aberdeen Group, companies can only reduce their sales and use tax audit exposure and risk by being proactive in their tax due diligence process. "Organizations must make sure that

Medical Device Excise Tax

Hospitals and other organizations that purchase medical devices will likely notice prices on their invoices creep up beginning in 2013. A provision of the Patient Protection and Affordable Care Act

Simplifying Drop Shipments

When To Drop Ship Which Tax Rate Applies? Online Sales Tax Law Could Complicate – Or Simplify – Nexus Common Drop Shipment Invoicing Problems Navigating Exemption Certificates Direct Pay… Read More

Sales & Use Tax: Definitions May Vary By Jurisdiction

By Diane Yetter Sales Tax is defined as a tax on the sale, transfer, or exchange of a taxable item or service. The Sales Tax generally applies on the sale to the end user or ultimate consumer. The

Three Steps to Minimize Sales & Use Tax Noncompliance Risk

By Diane L. Yetter Noncompliance—whether on the sales tax collection side or the use tax accrual side—can lead to considerable financial risk for a company in a number of ways. On the sales

'As Needed' Gift Card Program Solves Tax Reporting Issues for Incentive Payments

Incentive payments are made to compensate nonemployees for such things as product suggestions, referrals, or participation in surveys or focus groups. In some cases, payment might even be offered as

As of April 1, 2013, the Canadian province of British Columbia reverted back to the provincial sales tax (PST) from the harmonized sales tax (HST). The PST retained its former 7 percent tax rate and… Read More

GST and HST Calculation Guides

GST Calculation Guide HST Calculation Guide (12 percent) HST Calculation Guide (13 percent) HST Calculation Guide (15 percent) 5 Percent Goods and Services Tax (GST) Calculation To calculate GST,