Sales Tax Changes in the New Year

2014 is here, and so are quite a few sales tax changes. Connecticut even has a few to offer, including new online filing requirements, and a revocation of Special Notice 92(19) that may impact use tax for mail order sellers. To help save you the tedious task of looking up significant sales tax-related changes that are taking place this month, our partners at Avalara have put together a guide to state sales tax changes in the new year. Please contact Michelle at 860.399.4215 x.202 or Lisa at 860.399.4215 x.216 to get your copy.

And what about the Marketplace Fairness Act of 2013 (MFA)? The MFA was a bill passed by the Senate in 2013 that could give states the authority to make remote businesses collect sales tax, including those who conduct business over the internet, via phone or mail order catalog. While the MFA has languished in the House, remote sales are exploding and the rise of online shopping has cut into state and local sales tax revenue. As a result, many states are looking for ways to impose sales and use tax collection requirements on out-of-state retailers.

While the impact of Connecticut’s revocation of Special Notice 92(19) remains to be seen, and it is hard to guess what changes may be in store for later in 2014, it is wise to be prepared. An automated sales tax solution, can help companies prepare for changes on the horizon. For more information, join us for one of our upcoming webinars co-hosted with Avalara:

• Pt 1: “Profile of a Sales Tax Audit: Who’s Next?” Tues, Jan 14th, 3:30pm

• Pt 2: “Leveraging Technology to Simplify Sales Tax” Thurs, Feb 13th, 3:30pm