2017 Mid-Year Sales Tax Changes
Repost from Avalara
Dealing with change is standard operating procedure for many companies: employees leave and are hired; new products are introduced and old ones phased out; there are booms, and there are busts. On top of all that, companies need to account for sales and use tax changes. Significant changes in rates, regulations, and product taxability often take effect July 1, which is the start of a new fiscal year in all but a few states.
At the end of 2016, we shared many of the sales tax changes set to occur January 1, 2017. These included state sales tax rate changes in California and New Jersey, the expansion of sales tax to certain services in North Carolina, the prohibition of taxing more services in Missouri, and a bevy of recently enacted soda taxes and tampon tax exemptions. At mid-year, we’re seeing a few propositions that signify a dramatic shift in online sales tax revenue.
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Excerpt taken from The 7 Intuitive Laws of Employee Loyalty
“To be listened to is, generally speaking, a nearly unique experience for most people. It is enormously stimulating. It is small wonder that people who have been demanding all their lives to be heard so often fall speechless when confronted with one who gravely agrees to lend an ear. Man clamors for the freedom to express himself and for knowing that he counts. But once offered these conditions, he becomes frightened”.— Robert C. Murphy
Believe it or not, your organization needs an employee listening strategy.
What do I mean by this?
Many organizations administer an annual employee engagement survey and then stop there. By doing just that, they miss the opportunity to truly listen to what their employees like or dislike about the organization, their manager, their role and more.
This also undermines the most valuable reason for listening: Action!
By Kerry Alexander
Growth isn’t a one-size-fits-all approach. In fact, companies expend a great deal of energy and resources deciding which pursuits will move the needle the furthest toward achieving specific goals, and where to prioritize their time and investment.
Oftentimes sales and use tax gets left out of this equation, especially when it doesn’t appear to directly correlate to the task at hand. Certain growth activities, like adding new locations, products, or sales channels, instinctively signal a need to alter sales and use tax compliance practices. With others like financing rounds, acquisitions, or technology platform changes, tax implications aren’t as obvious and therefore are more likely to be overlooked. Yet these are often the situations where compliance strategies can have the greatest and most lasting impact.
Old is Gold, or is it?
by Tasneem Esmael
Not in the world of technology. If we were to live by our ancestral standards, technology would not see the light of day. That does not mean that everything old is not gold; it just means that the definition changes across the spectrum of how it is used and delivered by various authorities.
With the introduction of Enterprise Resource Planning software solutions in the market, many companies have been revamping and rethinking their business processes with a fresh new outlook.
There are a few things to consider when business strategy is restructured.
By Tasneem Esmael
The “Divide and Conquer” strategy works well against your enemy on a battle field…but please leave it there. Your company/workplace is not your battle ground, it is a place where livelihood is earned.
- It is more productive to work together as a team than working individually. Make sure each team member realizes the importance of their role, even if they are working on a section of a project alone.
- Give each member the space, opportunity and time to excel in their respective role!
- Each team member is a unique individual with their own style of being, learning and working: acknowledge that, and culture mutual respect between yourself and your team members.
By Tasneem Esmael
To some degree we can save ourselves with the virtue of Tax. Tax is a great way to sustain our society and help rebuild our nations. It helps to align our resources and direct them into proper channels. If tax were to be used as a vehicle of redemption, there is no better way to re-lift a struggling society from its abyss. I know you must be saying, “Really…which world are you coming from, I struggle to pay my taxes!” Did I just hear a grumble, a snarl! I hear you, but let’s analyze what tax does for us.