Our September Newsletter is out! Click here to view it.
US & State Tax News
- What to Know About Sales Tax and Cookies – AccountingWeb
- Sales Tax Slice: Sand, Surf, and Sunscreen – Bloomberg BNA
By Tripp Baltz
Link to article:
In the summer months of 2018, while it physically feels seasonally warm for most of us, for many cryptos investors, the long winter season just dragged on even into the hot and humid summer. Originally, I planned on writing something in extension from Blockchain Series Part I: Origins of the Blockchain Buzz, but I’ve gotten a significant number of inquiries in regard to the correction in crypto assets’ prices. I thought it would be appropriate and timely to address such a topic.
Join our CEO, Joni, for FREE pizza or sandwiches! Sessions will be followed by a Q&A. Please see below for more detailed event descriptions.
Sept 18 – WEBINAR – SALES TAX 101: HOW TO MANAGE SALES TAX IN LIGHT OF WAYFAIR – 10AM-11AM MST – View & Register
Oct 2 – Lunch & Learn: Wayfair Ruling – LoHi WeWork – 12-1PM
Oct 18 – Canvas & Cocktails with Future Tax Leaders – 6:30PM – Cherry Creek North – View & Register
Oct 23 – Lunch & Learn: Wayfair Ruling – Tabor Center WeWork – 12-1PM
To put this quantity in perspective, one zettabyte is roughly 1 trillion gigabytes. Data is considered to be the new gold because of the level of insight you can derive from it. With the amount of data collection increasing, all signs point to a virtual gold rush for data miners that can process the information.Wastefully, only about 0.5% of all data collected will ever get analyzed, regardless of the value the data may have provided. This disparity is mostly due to the lack of knowledge of the various methods that can be used to analyze data. In this article, we will discuss the main categories of data analytics and give examples of how they apply to business.
Data analytics can be broken down into four major categories:
Wayfair: Dazed, Confused, Uncertain? Don’t Worry You’re Not Alone.
By Joni Johnson-Powe, CEO of Taxnologi
I’m sure you’ve heard it over and over and over again…the recent Wayfair ruling will have a significant impact on how and when retailers are legally required to collect sales and use tax in states where they make remote sales. Not only have I also heard this resounding warning but as a practitioner, I’ve had the same conclusion. However, as my team has been helping clients with software configuration updates, review of sales by state, and analysis of their overall footprint, I am not completely sure how it will all play out. Honestly, there are some practical questions for which I don’t have definitive answers.
By Henry H. Ngan, MBA, CPA
Since an infamous white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published in October 2008 by Satoshi Nakamoto (his or her identity has never been confirmed), it was the beginning of an era of Blockchain & Cryptocurrency. I was often asked how Blockchain has gotten so much attention over the last 9 months or so.
Download or read the PDF here.
By Joni Johnson-Powe, JD, CPA
Taxnologi Solutions, LLC – CEO/Principal
As I am sure you know, the Supreme Court ruled on June 21, 2018 in favor of South Dakota which enacted a statute requiring out-of-state retailers to collect tax if that retailer has engaged in $100K in sales or 200 transactions in the state.
In retrospect, prior to the oral arguments in April, there seemed to be a strong sense in my professional circles that the Supreme Court had no other option than to overrule the “physical presence” requirement in Quill. However, immediately following oral arguments, there was a swing in the pendulum of positions that perhaps the Court was going to “punt” and push the decision back to Congress.
Check out the latest article by our CEO, Joni, on SalesTaxSupport.com!
Here’s an excerpt…
“Let’s start with a fundamental question that many start-up companies often ask me… Why do I need to collect exemption certificates – and how best to do that? Well – first things first …
What exactly is an exemption certificate?”