Florida Tax Law
Overlooked Exemptions – Shipping, Freight, and Packaging
It is easy to ignore the sales tax consequences of shipping, freight, & packaging because such charges are often an afterthought. However, each state treats shipping, freight, and packaging differently. The result is that multistate businesses may be paying tax when they don’t need to, or alternatively may not be paying tax when they should.…
Read MoreOverlooked Exemptions – Technology
Technology exemptions are some of the most easily overlooked exemptions because they are not well advertised and changing by the day. In an attempt to keep up with the vast technological advances of the 21st century, old sales tax schemes are forced to evolve and adapt if they want to keep these technologies within their…
Read MoreWeek Before FL Corporate Income Tax Returns Due, DOR Makes New Rules
On August 26, 2019, the Florida Department of Revenue issued a Tax Information Publication, or TIP, addressing new requirements for reporting Florida corporate income/franchise tax returns. Accountants and CPAs who have previously filed returns for 2018 are left with little notice to make potentially substantial changes for each and every one of their clients. The…
Read MoreFlorida Sales Tax Holiday May 31, 2019 – June 6, 2019
Florida’s 2019 Disaster Preparedness Sales Tax Holiday has begun. During this period, purchases of certain disaster preparedness items are exempt from Florida sales tax. But before you go out and purchase that expensive camping item or generator you’ve always wanted, make sure to look at the price limits on these items. Selling for $10 or…
Read MoreIs Software as a Service Taxable?
The sales tax implications of Software as a Service (“SaaS”) have plagued the tech industry since the rise of remotely accessed software. To those in the industry, how software is transferred may not be the most defining or important characteristic of a program. However, it is probably going to be the very first question a…
Read MoreThe Sharing Economy and Sales Tax Nexus: A Peer-to-Peer Business Problem
Sales tax nexus is just the more recent issue plaguing peer-to-peer platforms, which have been struggling with tax issues since their inception. June 2018 added a new problem to the mix, when the Supreme Court held in South Dakota vs. Wayfair that states could require businesses to collect and remit sales tax when certain economic…
Read MoreNew Voluntary Disclosure Opportunities for Remote Businesses in the Wake of Wayfair
The Florida Department of Revenue has had a voluntary disclosure program for years. The program allows for a three year look-back period for which the taxpayer would pay any taxes owed with no penalty. Florida even offers a modified version for taxpayers who collected tax and failed to remit it. However, in these cases a…
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