Delaware State Sales Tax – A Quick Guide for Businesses

State Spotlight Series DE

State Sales Tax Rates:

The Delaware state sales tax is actually 0%. It is one of only five states in the union that does not require sales tax. Alaska is also included on that list. However, Delaware does have something really similar to sales tax, a gross receipts tax. This tax is on the gross revenues of a business, and like sales tax it varies depending on the business activity.

However, these taxes are much lower than a typical sales tax, only ranging from .0945% to .7468%.

The state has no official economic nexus laws but has stated it views internet sellers the same as storefront sellers. They are all expected to remit gross receipt taxes. You can find more about their expectations here. Also, you can call 302-752-3760 specifically for internet tax questions. read more

Does the NFL Pay Taxes?

The NFL does pay taxes, kind of. The payment is actually voluntarily, kind of.

A Tax Free Start

In the 1900s, the National Football League and the American football league were two separate things, and they didn’t get along. Before the feuding got out of hand, they reached a deal. Instead of two separate leagues, they would join and make two sides of the same coin.

However, there was a catch. The two leagues joining would create a monopoly, seriously violating the anti-trust act. They successfully lobbied for a loop-hole solution to their problem. If they’re suddenly considered a non-profit then anti-trust laws wouldn’t apply. read more

Connecticut State Sales Tax – A Quick Guide for Businesses

The State Spot Light Series – CT

Connecticut State Sales Tax Rate: 6.35% (Not including local rates)
Phone number to the CT Department of Revenue Services:
860-297-5962. There is an automated service

Economic Nexus?

Yes, but with added stipulations.

Threshold: $250,00 sales or more
AND
200 transactions

Also required is solicitation of sales, that can be anything from an email blast, to mailed newsletters or catalogs. Almost anything that involves a business intentionally contacting a customer to get sales

Effective: December 1, 2018

Connecticut State Sales Tax Due Dates:

When a business registers in Connecticut, they are set up to file either monthly or quarterly. If a business sells less than $1,000 in the prior 12 months, they are automatically switched to a yearly filing status. Conversely, if a business makes more than $4,000 in 12 months, the business is switched to monthly due dates. read more

Colorado State Sales Tax – A Quick Guide for Businesses

The State Spotlight Series – CO

Colorado State Sales Tax Rate: 2.9%
For local rates, Colorado publishes a Colorado sales/use tax rate guide. This document is updated January 1 and July 1 every year.

Want to talk to a person? Call 303-238-7378

Economic Nexus?

Yes. Sellers be aware. December 1, 2018, Colorado’s economic nexus law went into effect. Though they are providing a grace period through May 31, 2019. Their goal is to give sellers plenty of time to make the required system changes

Colorado State Sales Tax Due Dates

Though the Wayfair decision complicated taxes for a lot of eCommerce sellers, Colorado’s tax due dates are very straight forward. Everything is due on the twentieth. Monthly remittance is due on the 20th of every month. Quarterly remittance is due on the 20th in April, July, October, and January. For sellers that bring in less than $300.00 in taxes, Colorado offers a yearly due date of January 20, of the following year. read more

California State Sales Tax – A Quick Guide for Businesses

The State Spotlight Series CA

California State Sales Tax Rate: 7.25%
Phone number for sales tax questions in California: 1-800-400-7115

Economic Nexus?

Not yet, but it’s coming. California’s economic nexus law will be effective on April 1, 2019.

State Sales Tax Due Dates

While the monthly California state sales tax returns are due on the last day of the following month, California also lists the regular due dates for the quarterly and yearly returns.
Quarterly returns are due April 30, July 31, October 31, and January 31. The yearly reports are also due on the last day of January. read more

Alexander Hamilton and Taxes

To celebrate Alexander Hamilton’s birthday we’re going to go over Alexander Hamilton’s life and the role he had in building the financial system that we still use today

Alexander Hamilton and taxes, have a complicated and conflict filled history. In fact, Alexander’s entire life seems to have been complicated and conflict filled.

Early Years:

  • 1757: Alexander Hamilton is born
  • 1765: Hamilton’s father left; Hamilton never sees him again.
  • 1768: His mother dies. Alexander Hamilton was just 13. Left with nothing, he moved in with a cousin. Within a year, the cousin committed suicide.
  • 1773: Hamilton’s life improves greatly. His community raised enough funds for him to travel to America for an education.

“I wish there was a war” – A. Hamilton in a letter, 1769

At the same time that Hamilton was studying at King’s College (now Columbia University), the debate over independence was heating up. After the Boston Tea party, Hamilton traveled to Massachusetts, to educate himself on the matter. He strongly sided with the idea of rebellion and joined the military.

Though his career experienced hiccups during the war, by the end of it all Hamilton was back on top. The last battle of the war, Yorktown, Hamilton commanded the New York and Connecticut light infantry battalion. After four days, the British surrendered. In 1781, the war was over. read more

History of Taxes:

Tax Stories from Ancient Times to the 1700’s

While tax season can be a stressful and worrying time, it’s comforting to know you’re not alone. In fact, just about every known civilization throughout history had some sort of tax system.

Ancient World:

Even Mesopotamia, a place that existed before coined money, handled taxes similarly to the present day. They looked at what you had and figured out how much you had to give. Though, of course, back then instead of a check you’d give them, say, a cow. Another big difference is taxes in Mesopotamia taxes could include labor. Citizens sometimes paid their taxes by working on farmlands or even by military service. Yikes! read more

Arkansas State Sales Tax

State Spotlight Series AR

Arkansas State Sales Taxes can be complicated, but contacting Arkansas with your questions doesn’t have to be. For your sales tax questions, dial 501-682-7104. A human picks up, without any automated messages.

Economic Nexus?

No economic nexus in Arkansas. However, they do have something called affiliate and click through nexus. Repairs, installations, and links on websites made by Arkansas residents can trigger it. The residents just must be working under the same company, using company vehicles for the installation, or simply have an agreement to refer customers to the out of state business. If those references, including website links, make the out of state company more than $10,000 that company must remit Arkansas state sales tax. Click here for more information. read more

Arizona State Sales Tax – A Quick Guide for Businesses

State Spotlight Series AZ

Arizona State Sales Tax is third in our State Spotlight Series. Here is a general guide for what you need to know as a seller working with Arizona.

Rather talk to a human? Call 602-255-3381. Though, the Arizona Department of Revenue warns against long hold times, they do have a few tips to shorten your wait.

Economic Nexus?

No. Arizona is in the minority of the states that don’t have any rules on economic nexus. Still, you can still have to remit sales tax as an out of state business, known as Transaction Privilege Tax or TPT. read more

Alaska State Sales Tax – A Quick Guide for Businesses

State Spotlight Series AK

Alaska State Sales Tax: None
Income Tax: None

Though a state sales tax doesn’t actually exist, there are still a variety of taxes found throughout the state. In fact, a pack of cigarettes could cost you almost ten dollars after the sin tax is applied in Anchorage. But the good news is that since there are no state taxes, there are no complicated nexus rules!

So where does Alaska get it’s income?

We can’t discount that Alaska is the third highest proven oil reserve in the country; it’s Alaska’s biggest income source. And while Anchorage’s cigarette sin tax brought in over 22,500,000 dollars, it certainly doesn’t pay for everything. The income is taken from a mixture of tourism, natural resources, and local sales tax. read more