TaxValet — Sales Tax Done for You.

✨ Back from #AcuityCon, and we’re all smiles! Glenn, our Sales and Partners Manager, had a great time connecting with Acuity’s tax team and diving into valuable discussions. Thanks, #Acuity, for another rewarding event! #TaxValet #AcuityCon2024

🎉 Congratulations to Christine Pope for Attaining Your CMI Designation 🎉 We are proud to share that Christine Pope, our CEO at TaxValet, has been awarded the Certified Member of the Institute (CMI) designation in Sales Tax by the Institute of Professionals in Taxation (IPT). This accolade is the highest honor in the sales tax profession and highlights Christine’s exceptional expertise and dedication to excellence. Her achievement not only reflects her personal commitment but also reinforces TaxValet’s mission to deliver unparalleled tax services to our clients. Please join us in celebrating Christine’s success! 🥂

🚨 Important Tax Update for Remote Sellers! 🚨 North Carolina has officially repealed the transaction threshold for remote sales, effective July 1, 2024. This change means remote sellers only need to consider their gross sales to determine tax obligations. 📊 Key Takeaways: Simplifies compliance by focusing solely on sales thresholds. Remote sellers with gross sales over $100,000 to NC must register and remit sales tax. Potential deregistration for those below the new threshold. Want to know the full details and implications? Check out our latest TaxByte article here: https://hubs.ly/Q02FdgRv0 #SalesTax #TaxCompliance #RemoteSales #Ecommerce #TaxUpdate #NorthCarolina

🚨 Wyoming Tax Update: Wyoming has eliminated its 200-transaction threshold for remote seller sales tax collection. 🚨 Effective July 1, 2024: • Only the $100,000 gross revenue threshold remains • Simplifies compliance for smaller sellers • Aligns with trends in other states This change impacts remote sellers doing business in Wyoming. Review your sales data to check if you still meet the economic nexus threshold. All TaxValet clients were reviewed to address this change. #SalesTax #EconomicNexus #WyomingTax #RemoteSellers https://hubs.ly/Q02DVvRL0

Multi-state sales tax got you feeling like 🙃? We've been there! Check out our blog for real-talk tips on managing compliance without losing your mind. From must-have tools to knowing when to call in backup, we're sharing what's worked for our clients. https://lnkd.in/g8ytfHhd

⚠️ Surgeon General's Warning: No amount of sales tax software use is safe without expert human oversight! 😅 In this post, we discuss the limitations of automation and what you can do to avoid possibly the worst financial day of your career in business. (That might sound dramatic, but for our client who was hemmoraging $900K+/yr in uncollected tax, not so much). https://lnkd.in/gWgvYGSs #SalesTax #Compliance

Forget about shaking your money maker — at TaxValet, we're too busy shaking our hips at the California DOR's hold music! 🎶💃 Tired of waiting on hold with state tax departments because your software can't keep up? Let our Fractional Sales Tax Department take the lead and handle everything for you. And don't worry, our consultants are 100% real humans (although they may have the smooth moves of these dancing babies). Say goodbye to DIY software struggles and hello to TaxValet's tax expertise and personalized service. Learn more at https://lnkd.in/gGq_-zje

Signing a sales tax software contract? Don't get trapped! Our new blog post discusses what elements to scrutinize before committing. From hidden fees to usage limits, we've got you covered. Read now and make an informed decision! 🔍 https://lnkd.in/gsYv4Hcf

🚨 Colorado Notice & Reporting Requirements Update 🚨 TaxValet recently sought clarity from the Colorado Department of Revenue regarding inconsistencies in their guidance on Notice and Reporting Requirements for out-of-state retailers. These requirements obligate retailers to notify customers of their use tax liability and report customer sales to the state. The Office of Tax Policy confirmed that retailers without a physical presence in Colorado and sales below the economic nexus threshold may no longer be subject to these requirements, based on a new General Information Letter (GIL 24-002). At TaxValet, we're committed to keeping our clients informed and advocating for clarity in sales tax guidance. If you have questions about Colorado's requirements or any other sales tax issues, we're here to help. More details can be found on our blog: https://hubs.ly/Q02xftZV0

🚨 February 2024 State Tax Updates: Monthly Review! 🚨 📜 PROPOSED EXEMPTIONS ALERT: • Diapers/Baby Products may soon be tax-exempt in Mississippi (MS) and Georgia (GA). • Feminine Hygiene Products could be exempt in Alabama (AL). • Food might see exemptions in Mississippi, Missouri (local taxes specifically called out), Oklahoma, and Tennessee, with local taxes specifically called out. 🎤 MISSOURI MUSIC VENUES: Upcoming regulations may mean venues will handle sales tax collection for performances. 📊 MAINE LEASE TAX: Those involved with leases in Maine (ME), watch out for possible adjustments to how tax is managed, potentially aligning with other states. Contact us if this applies to you and you want further details. 📅 TEXAS TAX HOLIDAY: Texans, get ready for tax breaks on emergency supplies from April 27-29. 💰 TAX RATE SHIFTS: • Alabama is considering a raise in the SSUT rate to 9.25%. • Connecticut may decrease the state tax rate by 0.35%. 🔄 COLORADO FILING UPDATE: Colorado is proposing a change to filing frequency – a move from monthly to quarterly that could ease compliance burdens. #StateTaxUpdates #TaxExemptions #SalesTax #TaxSeason