by Stephanie | Feb 13, 2025 | Audits, General Business
Why Ignoring Sales Tax Could DESTROY Your Business! Hey there, fabulous friends! 🌸This week’s tip is all about why sales tax shouldn’t be ignored. If you’re a business owner, understanding sales and use tax is crucial for your success! Let’s dive into the...
by Stephanie | Jan 22, 2025 | General Business, Sales Tax Exemptions
3 Hidden Truths About Sales Tax Exemptions Today, we’re going to dive into a topic that’s important for anyone involved in sales: sales tax exemptions. You might have heard these terms thrown around, but what do they really mean? Let’s break it down into three super...
by Stephanie Thomas | Oct 15, 2024 | General Business, Stephanie's Wisdom
3 Most Confusing Things About Sales Tax Why sales and use tax compliance isn’t as simple as it seems. When it comes to running a business, sales tax compliance often causes more stress than it should. Business owners and accountants alike know that it’s full of tricky...
by Stephanie Thomas | Aug 13, 2024 | Audits, General Business
Sales Tax Audits: The Real Reason Why Businesses Are Audited Navigating the world of sales tax audits can feel like trying to solve a complex puzzle. Why was your business chosen? What triggered the taxing authority’s interest? Let’s decode the mystery behind sales...
by Stephanie Thomas | May 11, 2024 | General Business, Sales Tax Returns, Stephanie's Wisdom
Avoid These 5 Sales Tax Software Mistakes Choosing the right sales tax software is a crucial decision for any business, yet it’s easy to fall into some common pitfalls. Here are five mistakes to steer clear of, presented with relatable metaphors to make them stick! 1....
by Stephanie | Apr 3, 2023 | General Business, Stephanie's Wisdom
Taxable Purchases and Employees Hi everyone, Welcome to your weekly tax tip! This week, we’re diving into an important topic that often trips up businesses of all sizes: taxable purchases and employees. It may seem straightforward, but the sales and use tax...
by Stephanie Thomas | Feb 16, 2023 | Audits, General Business, Stephanie's Wisdom
Sales Tax Exemptions – Tax-Exempt Customers Hi everyone, Welcome to this week’s tax tip! Today, we’re talking about a key topic that often causes confusion for businesses of all sizes — sales tax exemptions, specifically as they relate to tax-exempt customers. We...
by Stephanie Thomas | Oct 8, 2022 | Audits, General Business, Stephanie's Wisdom
Sales & Use Tax Compliance – Scanning Documents Hi everyone, Today’s tax tip focuses on something we mention often but can’t emphasize enough: document retention—specifically, creating a plan around scanning and storing your documents digitally. In the world of sales...
by Stephanie Thomas | Aug 14, 2022 | Audits, General Business, Sales Tax Returns, Stephanie's Wisdom
Sales Tax and Bad Debt Write-Offs Hi everyone, Welcome back to another weekly tax tip! Today, we’re diving into an often-overlooked area of sales tax compliance—bad debt write-offs. If your business sells goods or services on credit, understanding how bad debts affect...
by Stephanie | May 17, 2022 | Audits, General Business, Mary's Wisdom, Uncategorized
Over the course of my career I have regretted becoming engaged by select clients. The interesting thing is a voice in head always told me to “run!” After a few hard lessons, I listen now. Ignoring that voice has cost me aggravation, time and money.  I thought it...
by Stephanie | Apr 5, 2022 | Audits, General Business, Mary's Wisdom
One of the most heartbreaking things I see too often is the ineffective accounting software upgrade. How can an increase in functionality be ineffective? There’s one huge way…when you have someone who refuses to use the new technology. We have all seen companies...
by Stephanie | Apr 5, 2022 | General Business, Mary's Wisdom, Nexus
A few years ago, the Wayfair case was everywhere. It changed the landscape regarding sales tax nexus and registration requirements for remote sellers all across the country. Let’s talk about what the case may mean for you and your business. For some people, it...
by Stephanie Thomas | Mar 23, 2022 | Audits, General Business, Stephanie's Wisdom
When you first receive notification that your business is going to audited for sales and use tax compliance, there are a number of areas of concern they may occur to you. One thing that business owners routinely overlook is company credit cards and how they can...
by Stephanie Thomas | Mar 21, 2022 | Audits, General Business, Stephanie's Wisdom
Sales tax compliance is a complex thing. Knowing whether you must register in a jurisdiction (i.e., do you have nexus), whether what you sell is taxable, what tax rate you should charge, the applicable sales tax exemptions, etc. can be a lot to digest when you are...
by Sales Tax Sisters | Mar 18, 2022 | General Business, Mary's Wisdom, Stephanie's Wisdom
Some people wonder why they would need a sales tax consultant if they already have a CPA or a bookkeeper. Here is the reason why. Sales and use tax is a specialized niche area. We like to compare it to being a specialist versus being a GP. While your book keeper or...
