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A Picture Is Worth a Thousand Words The Minnesota Department of Revenue has issued a guide describing the sales and use tax topics elated to the photography industry. Among the topics discussed by the guide are: the various kinds of photography products and services; sales of photography products and services; photography services such as altering services, printing services, and restoration services; taxable and nontaxable sales; sales to advertising agencies; taxable and nontaxable purchases and use tax; and filing returns and recordkeeping. State specific taxes can be complex and difficult to interpret. Allyn Tax acts as an extension of your team to help your business minimize liabilities, mitigate costs, maintain compliance, and maximize tax savings. If you need additional guidance on how to approach analyzing, reporting, and remittance of tax, ask an expert here:?https://lnkd.in/eMTnUw3y

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? To learn more, ask an expert here:?https://lnkd.in/eMTnUw3y #AllyInAllyn #TaxIsFun #AllynTaxFunFacts #SalesTax

Give Me a Rate The South Carolina Department of Revenue has announced that the following local sales tax changes will take place effective May 1, 2025: (1) Georgetown County is adding a new Capital Projects Tax, thus the sales tax rate will increase to 7%; (2) Horry County is adding a new Transportation Tax, but allowing the Capital Projects Tax to expire, so the sales tax rate will remain at 8%; (3) Jasper County is adding a new Transportation Tax, increasing its sales tax rate to 9%; (4) Sumter County is adding a new Capital Projects Tax, increasing its sales tax rate to 8%; and (5) Williamsburg County's Capital Projects Tax is expiring, and therefore its sales tax rate will decrease to 7%. State specific taxes can be complex and difficult to interpret. Allyn Tax acts as an extension of your team to help your business minimize liabilities, mitigate costs, maintain compliance, and maximize tax savings. If you need additional guidance on how to approach analyzing, reporting, and remittance of tax, ask an expert here:?https://lnkd.in/eMTnUw3y

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Know Your Taxability The Washington Department of Revenue has updated its taxability matrix to reflect the Streamlined Sales and Use Tax Agreement (SSUTA) as amended through January 1, 2025. In the Washington Taxability Matrix: Tax Administration Practices, the provisions in Disclosed Practice 8.1 have been updated to reflect the treatment of remote sellers when attending trade shows and conferences; when remote sellers/marketplace sellers or facilitators are required to register with the state as a condition of obtaining a sales tax permit; when remote sellers must collect and remit consumer use tax; and when the state permits voluntary registration as a marketplace facilitator/provider. State specific taxes can be complex and difficult to interpret. Allyn Tax acts as an extension of your team to help your business minimize liabilities, mitigate costs, maintain compliance, and maximize tax savings. If you need additional guidance on how to approach analyzing, reporting, and remittance of tax, ask an expert here:?https://lnkd.in/eMTnUw3y

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? To learn more, ask an expert here:?https://lnkd.in/eMTnUw3y #AllyInAllyn #TaxIsFun #AllynTaxFunFacts

Into the Cloud The Washington Board of Tax Appeals determined that the taxpayer's content delivery network (CDN) services fell within the general definition of "digital automated services" and thus were subject to retail sales tax and retailing business and occupations tax. The taxpayer contended that its CDN services fell within the exclusions for internet and internet access, or web hosting. The BTA found that the exclusion for the internet and internet access under Wash. Rev. Code § 82.04.192(3)(b)(vii) did not apply since the CDN services do not qualify as "internet access" services because they do not enable the customer to connect to the internet. However, the core CFN services are an excluded storage and web hosting service since customers pay the taxpayer to replicate and store their digital content on its geographically distributed servers. Services that go beyond excluded data storage or web hosting remain subject to retail sales tax. Lastly, the Department properly sourced the CDN services to the state since sourcing rules require using the best available information about the place of "first use." Here, the taxpayer's traffic reports were used for billing purposes and provided a reasonably reliable way to source its content delivery services under the second sourcing rule. State specific taxes can be complex and difficult to interpret. Allyn Tax acts as an extension of your team to help your business minimize liabilities, mitigate costs, maintain compliance, and maximize tax savings. If you need additional guidance on how to approach analyzing, reporting, and remittance of tax, ask an expert here: https://lnkd.in/eMTnUw3y

Sales Tax vs. Use Tax: Do You Know the Difference? Sales tax and use tax are both taxes imposed on the purchase of goods and services, but they apply in different circumstances. Sales Tax is defined as a tax on the sale, transfer, or exchange of a taxable item or service. It is generally added to the sales price and charged to the purchaser or ultimate consumer. This form of taxation can be traced back to the 1930’s as a way for states to increase their revenues, the first state being Mississippi. Currently, 45 states, as well as the District of Columbia, impose sales and use taxes in one form or another.? There are two implications of sales tax to be most aware of when considering who is ultimately liable for the tax:??Seller Privilege tax and Consumer Levy tax. In contrast, “Use Tax” is complementary to the sales tax and does not apply if the sales tax was charged. It is defined as a tax on the storage, use, or consumption of a taxable item or service on which no sales tax has been paid. Use Tax is self-assessed by the business (purchaser) and usually accrued. It is also applied to purchases previously exempt from tax which are subsequently used in a taxable manner.??A common form of use tax is Consumer’s Use Tax. To read more about the different implications of sales tax and use tax, please click the link here: https://lnkd.in/eEnKqz_r Allyn’s tax team is staffed with seasoned tax professionals experienced in all aspects of Federal, multi-state and local tax compliance and consulting large US and global corporations. Allyn files state and local sales and use tax returns in every U.S. taxing jurisdiction. Our team routinely conducts nexus reviews in all US states for companies and advises clients with proactive measures to improve their tax compliance. Allyn can register businesses in the U.S. at the Secretary of State level as well as with the Department of Revenue. We can manage your tax compliance, create a solid tax process, and provide audit defense for your company. #AllyInAllyn #AllynTax #TaxIsFun #AllynTaxArticles #Salestax #Usetax

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Delivery! Maine Revenue Services has amended Code Me. R. §301, Sales for Resale and Sales of Packaging Materials, to establish procedures for making sales for resale, including leases or rentals and certain sales to service providers, and sales of packaging materials without collecting sales tax. The rule also provides requirements to certify such sales. The rule is effective February 25, 2025. State specific taxes can be complex and difficult to interpret. Allyn Tax acts as an extension of your team to help your business minimize liabilities, mitigate costs, maintain compliance, and maximize tax savings. If you need additional guidance on how to approach analyzing, reporting, and remittance of tax, ask an expert here:?https://lnkd.in/eMTnUw3y