A sales tax exemption certificate allows businesses to avoid collecting sales tax on qualifying purchases, such as resale items or purchases by exempt entities like nonprofits and government agencies. While buyers must determine their exemption status and provide valid certificates, businesses are responsible for validating and maintaining them to avoid potential tax liability during audits. Listen to this episode to learn about exemptions vs. exclusions, required forms, industry-specific exa...
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A sales tax exemption certificate allows businesses to avoid collecting sales tax on qualifying purchases, such as resale items or purchases by exempt entities like nonprofits and government agencies. While buyers must determine their exemption status and provide valid certificates, businesses are responsible for validating and maintaining them to avoid potential tax liability during audits. Listen to this episode to learn about exemptions vs. exclusions, required forms, industry-specific exa...
2024 Sales Tax Year in Review & Compliance Strategies Moving Forward
It Depends: A Sales Tax Podcast by TaxConnex
52 minutes
10 months ago
2024 Sales Tax Year in Review & Compliance Strategies Moving Forward
It’s been over 6 years since the historic Wayfair decision, and sales tax somehow continues to become more challenging. In this episode we cover some of the most important sales tax updates of 2024 and help you develop a clearer understanding of how to set up a process to remain sales tax compliant in 2025. Learning objectives: • Discover how to determine where you have nexus • Recognize the taxability of your products/services • Identify methods and tools used to ensure proper ...
It Depends: A Sales Tax Podcast by TaxConnex
A sales tax exemption certificate allows businesses to avoid collecting sales tax on qualifying purchases, such as resale items or purchases by exempt entities like nonprofits and government agencies. While buyers must determine their exemption status and provide valid certificates, businesses are responsible for validating and maintaining them to avoid potential tax liability during audits. Listen to this episode to learn about exemptions vs. exclusions, required forms, industry-specific exa...
