The SALTcast

Even months after the Supreme Court made its decision in the Wayfair case there are still rulings coming out of the woodworks. The latest being Colorado making their move to capture more tax revenue. Listen or watch in today’s podcast to find out what exactly you are in for as an eCommerce seller.

Here are some of the questions that we answer:

• What new rules does Colorado have according to sales tax?
• If I sell in Colorado what filing rules are there?
• What is a home rule city?
• Do I have to register in Colorado to collect sales tax even if I don’t have physical presence?
• When will these new sales tax rules come into effect in Colorado?
• Where should I register in Colorado?
• How do I register in Colorado?
• What does it mean to have a “non-physical presence” in Colorado?
• How will I collect the sales tax in Colorado?
• What if my software can’t collect the right sales taxes in Colorado?
• How do I file the home-rule cities sales taxes in Colorado?
• How many places will I need to register in and file sales taxes in Colorado?
• Will there be a grace period in order to get my systems in place to register and collect the sales tax in Colorado?

Today we invited a special guest speaker, Regan from our team to join us in our discussion on how to collect sales tax on Shopify. Regan runs our registration and company set up department at our firm and she is an expert at setting up any online selling platform out there. She knows the ins and outs off all these platforms and she will shed some light on shopify today.

Here are some of the questions that we answer::

• How do international sellers deal with sales taxes?
• What kind of things do I need worry about as an international online seller?
• What is origin vs destination state basis?
• Do I need to know what states are origin based and which are destination based?
• Does Shopify tell me what tax rate I should collect?
• How do I know where I have nexus?
• What do I do with the sales tax that I have collected using Shopify?
• How do I set up Shopify to collect sales tax?
• Is shipping and handling taxable?
• How do I know when I have economic nexus?

Click here to check out the YouTube version of the podcast!

Andy and Dan discuss how to prepare for a sales tax audit when you get a letter from the state informing you that you are now under audit. Today the discussion will help you understand what the major pitfalls are and how to minimize your assessment. Also, we’ll teach you how to prepare for your next audit.

Here are some of the questions that we answer in this podcast:

• What are auditors looking for during a sales tax audit?
• Can I handle a sales tax audit even if I have never done it by myself before?
• What happens if I am missing documents that the auditor has asked for?
• What does a sales tax auditor usually ask for?
• What are exemption certificates?
• Where do I get exemption certificates?
• What are some reasons exemption certificates are rejected?
• What kind of audit period do auditors look at typically?
• Can I try and fight sales tax audits?
• Can I gather exempt certificates during an audit?
• What is an XYZ letter?

Would you like our FREE Guide to Managing Your Sales Tax Audit? You can find it here

Check out our Youtube video of this podcast

HOT OFF THE PRESS! We have had a number of clients and other eCommerce businesses reaching out to us because Amazon just sent an email out to them stating that they are releasing their information to California. This can be a big issue for you if you have been doing business in California but have yet to register. Andy and Dan discuss what you should really be worried about and what your next steps are. Also, they discuss what cookie nexus is and if and how it affects you.

Here are some of the questions that we answer in this podcast:

• What data did Amazon agree to hand over to California?
• What do I do if I got an email from Amazon talking about California?
• What should I do if I got a notice from California?
• As an eCommerce seller should I start worrying about California?
• Will California audit me now?
• If I am already registered to do business in California and collecting and remitting the sales tax do I have anything to worry about?
• What is Cookie nexus?
• How do I know if I have cookie nexus?
• What do I need to do if I have cookie nexus?
• What are my main concerns with cookie nexus?

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Dan has spent the last 10 years consulting companies big and small on how to navigate the SALT*y seas! He has gained a lot of knowledge and experience over the years and he has the knowledge to help you.

Here are some of the questions that we answer in this podcast:

• What do I need to do about Wayfair?
• Will congress get involved with the Supreme Court decision?
• What states have updated their nexus thresholds?
• What sales tax certification can I get?
• How can I gain just basic sales tax knowledge?
• Do I need to be a sales tax expert to make sales tax decisions?

With the addition of new sales tax nexus laws recently enacted, state income tax has seemingly taken a back seat. As a result of the new sales tax economic nexus laws, what does that mean for inter-state income tax? Should you be aware of any changes to Public Law 86-272?

In this episode we answer the following questions:

• What is income tax nexus?
• What laws protect me against income taxes?
• Does P.L. 86-272 protect me against sales tax?
• Does P.L. 86-272 protect me against income tax?
• Is the Franchise tax really an income tax?
• Does P.L. 86-272 protect me against franchise tax?
• As an eCommerce seller will I owe the Texas Franchise Tax?
• Will I need to register for the Secretary of State when I register to do business in a state?
• How do states get around P.L. 86-272?

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In this episode, we highlighted that a bunch of states targeted October 1, 2018 for the beginning of economic nexus. 

Here are just a few of the questions we answered in this episode: 

• What states went live with sales tax collection requirements on October 1?
• As an advisor to eCommerce sellers, what do I need to do starting October 1?
• Should I advise my clients to collect sales tax before they are registered in a state?
• Will states audit my clients all the way back to October 1, and will they penalize them for not collecting the sales tax?
• Is physical nexus still a thing?
• How should I know if my clients need to collect sales tax in a state?

These are strange times in the world of sales tax. Andy is calling it, "The SALT Moment." Sales tax laws are a mess, and right now is the time for you to buckle down and help your clients. 

Download The Sales Tax Moment" ebook FREE here!