Information & Resources

Accounts payable is typically responsible for making taxability decisions. However, whether due to lack of expertise or lack of time, many departments routinely overpay sales tax on invoices. Many exemptions to go untaken, reports David Olivier, founder and managing principal of sales and use tax consulting firm Olivier & Associates. 

Tax departments typically create a taxability matrix for AP to follow that indicates which goods and… Read More

By Diane Yetter

Compliance with sales and use tax rules is never easy. AP managers and their staffs are often tasked with making complex tax decisions without the knowledge required to make these decisions. Certain business processes that are supported by AP leaders like P-cards, ERS, and EDI File uploads add complexity and risk to the equation. With each of these items, the goal is the elimination of manual entry and paper documentation.… Read More

Sales tax has been around for a long time, dating back to ancient civilizations, but sales tax in the U.S. as we’re familiar with it, came into being sometime in the 1920s. Over the next few decades, most states jumped on the sales tax bandwagon, recognizing the tax as a good source of revenue… Read More

Taken together, sales tax and use tax comprise 47 percent of states’ revenue, according to Avalara, but few people understand use tax and therefore do not pay it, which has resulted in a deficit of billions of dollars in uncollected revenue by the states. Unlike sales tax, which is commonly understood and handled at… Read More

Sales tax was once a fairly straightforward matter, but no longer. Each state may have several hundred sales tax jurisdictions—the leaders in this category are Texas and Missouri, both with well over 1,000—so that the total number in the U.S. is now around 10,000. Now add into that mix the complexities of sourcing (origin… Read More

Updated July 2016 Sales and use taxes are typically levied on tangible personal property. However many states exempt some tangible property from sales tax, while taxing some intangible property. The following table presents in general what is and is not subject to sales tax, state by state. Because tangible property exemptions and taxable services… Read More

Sales and use tax noncompliance can cause a significant dollar drain. The good news is that the AP department is in the ideal position to ensure that vendors are charging the company the correct applicable sales taxes, and also to ensure that the company is accruing use tax where appropriate. “The accounts payable organization… Read More

By Diane L. Yetter As states continue to grapple with whether and how to tax digital goods, which includes anything delivered or used in an electronic format, there are three main issues in consideration. Taxability of Digital Goods The taxability of digital goods comes down to determining what is being sold or bought. Is… Read More

An issue that has been receiving attention is the expira­tion of the Internet Tax Freedom Act. The Act was initially passed in 1998 and has been extended a few additional times. The most recent extension expired on November 1, 2014. President Obama signed an extension through December 11, 2014. The Act limits a state’s… Read More

By Diane L. Yetter One of the most talked-about issues in the sales and use tax field in 2014 was whether the Marketplace Fairness Act of 2013 would pass before the last Congress adjourned. It did not. However, there have been comments from supporters that Congress would reintroduce another version in 2015. The Marketplace… Read More

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