The Sales Tax Team, LLC

Vermont is now taxing prewritten computer software, effective July 1, 2024 The Vermont Legislature has successfully overturned a veto from Governor Phil Scott, leading to the passage of a law that removes the state's sales and use tax exemption for cloud-based prewritten computer software. This change, effective from July 1, 2024, means that cloud software sales, including Software as a Service (SaaS), will now incur Vermont's 6% sales and use tax. The new law clarifies that "tangible personal property" encompasses prewritten software regardless of how it is paid for, delivered, or accessed. It specifically revokes the 2015 Acts and Resolves, No. 51, Sec. G.8, which had previously exempted remotely accessed prewritten computer software from sales tax. It's important to note that prewritten computer software accessed non-remotely has always been, and continues to be, taxable in Vermont. Vendors selling cloud software in Vermont must prepare for this change in taxability by July 1, 2024. (H. 887, Laws 2024) https://lnkd.in/g-jgNVc4 #saas #softwaretaxability #taxability

Reminder: Minnesota Retailer Delivery Fee effective beginning July 1, 2024. https://lnkd.in/d2BMgMpS

Michigan bank originator id - update by April 13th. If you have debit block set up with your financial institution, you want to make sure the Michigan Company ID is updated by April 13th to prevent rejected tax payments. The new Company ID is 0000408976. #salestax #usetax #debitblock #taxpayments #tax https://lnkd.in/gtH-Et2H

Minnesota - Retail Deliver Fee of 50 cents Starting July 1, 2024 Starting July 1, 2024, there will be a Retail Delivery Fee of 50 cents that applies to certain transactions involving retail delivery in Minnesota. The fee applies to each transaction where charges for these items equal or exceed $100: Tangible personal property subject to sales tax Clothing When calculating whether a transaction meets or exceeds the $100 threshold, a transaction includes all charges that are part of the sale, not including the Retail Delivery Fee. For ALL the DETAILS on which transactions and/or Retailers are INCLUDED or EXCLUDED please read the linked article. #salestax https://lnkd.in/d2BMgMpS

Sales/Use tax reminder*** Don't forget that Monday is a federal holiday! Florida tax payments must be initiated tomorrow, February 16th, by 4pm CST, to be able to select February 20th as the next available payment date. If you initiate payment after 4pm CST tomorrow, the earliest available date will be February 21st, which will be considered late. Texas EDI payments are the same, but their cut off time is the business day before the due date, by 2:30pm CST. If you pay by Texas EDI, you'll need to submit your filing/payment by 2:30pm tomorrow, February 16th. Tip: You don't have to schedule withdrawal of the payment for the business day before the due date, you need to initiate it so you're able to select the due date for withdrawal. #salestax #sut #compliance

Sales/Use tax reminder*** Don't forget that Monday is a federal holiday! Florida tax payments must be initiated tomorrow, February 16th, by 4pm CST, to be able to select February 20th as the next available payment date. If you initiate payment after 4pm CST tomorrow, the earliest available date will be February 21st, which will be considered late. Texas EDI payments are the same, but their cut off time is the business day before the due date, by 2:30pm CST. If you pay by Texas EDI, you'll need to submit your filing/payment by 2:30pm tomorrow, February 16th. Tip: You don't have to schedule withdrawal of the payment for the business day before the due date, you need to initiate it so you're able to select the due date for withdrawal. #salestax #sut #compliance

From The Texas Comptroller of Public Accounts 1/26/24: Criminals Impersonating State, Threatening to Seize Assets Some taxpayers have received fraudulent letters claiming the state of Texas will seize their assets and property for unpaid taxes unless payment is made within seven days. These illegitimate letters did not originate from the Comptroller’s office. You can see a sample letter below. For years, criminals have used aggressive and threatening scam faxes, letters and phone calls impersonating state agencies. The criminals demand immediate payment, often via a specific payment method, and threaten to seize assets and property or significantly increase the liability if you fail to pay or provide sensitive personal information. Be incredibly wary whenever you receive unexpected messages like these, as they can be a trap. The criminals’ threats are designed to get you to react by calling the criminals’ phone number or clicking on a fake link to solve the problem. The consequences can be catastrophic. Not only can you lose your money, but if you click on links in scam emails or texts, you also could become a victim of identity theft or have malware installed on your phone or computer. If you receive an unexpected message of this type, do not call the phone number or use the website or link provided in the letter, email or text. Most importantly, do not give the sender personal information or money. Instead, please email us or call the Comptroller’s Collection Team at 800-252-8880. Learn more about protecting yourself from tax fraud. https://lnkd.in/gFfANUBh #tax #scam #statetax

Alabama - change to debit block code at the end of January. Taxpayers, if you have debit block on your bank account, be sure to add the updated code for Alabama so your payments are processed. This does not affect the non-state administered local taxes, please read the linked article before making any changes. #salestax https://lnkd.in/gkaAD6rC

Rhode Island Annual Reconciliation Filing Requirement Discontinued SALES AND USE TAX: Rhode Island Annual Sales and Use Tax Reconciliation Return (Form T-204R) is no longer required for periods beginning with Tax Year 2023. See Advisory 2023-17 (linked below) for details. https://lnkd.in/gmyAMBuQ

Maryland Tax Portal coming soon. Access letters will be mailed out February 5th for the new portal. If you have tax preparers, it is important to forward this correspondence to them. Attention: Sales and Use Tax Returns and payments for submission after January 22, 2024 will need to be filed at the new "Maryland Tax Connect Portal". Your return/payments will be considered timely. After January 22, 2024, the Sales and Use Tax Print and Mail option will be decommissioned. https://lnkd.in/gVNP4d9X #mdsut #maryland #salestax #statetax #tax #sut