Will Your State Have a Sales Tax Holiday?

When does the sales tax holiday start?

Every year several different states offer sales tax holidays that could span from a couple of days to a couple of weeks. Sales tax holidays usually occur in the summer and autumn and often encompass back-to-school products. So, with summer soon to be upon us, below is a list of some states’ sales tax holidays.

Which states are offering sales tax holidays:

  • Florida – surprisingly this state has offered a full one-year sales tax holiday ...
Continue Reading →

NYS Sales Tax Filings Get Even More Confusing

What is Waste Tire?

According to the NY State Department of Taxation and Finance, Waste Tire means any solid waste which consists of whole tires or portions of tires. Tire casings separated for retreading with enough tread for resale are included under this term, however, crumb rubber is not considered a solid waste.

Of course, NYS imposes a Waste Tire Management Fee…

The New York State Department of Taxation & Finance has a waste management fee. It has always been reported on the ...

Continue Reading →

How to Handle Sales Tax on Cryptocurrancy and NFTs?

What is Cryptocurrancy and NFTs?

States are just starting to issue sales tax guidance on cryptocurrency and non-fungible tokens (NFTs).  To overly simplify it, cryptocurrency is digital currency that is recorded on a digital ledger (aka the blockchain).  Popular cryptocurrencies are Bitcoin, Ethereum, and Tether.  A non-fungible token (NFT) is a unique identifier that records an asset on the blockchain.  NFTs usually reference digital files such as photos, videos, and audio.  Both cryptocurrencies and NFTs can be ...

Continue Reading →
Page 1 of 2 12