The SALTcast
Ryan Johnson, Jason Parr CEO, Paul Johnson, VP
Welcome to "The SALTcast," your go-to podcast channel for unraveling the intricate world of sales tax. If you're a business owner seeking clarity on sales tax regulations, or a seasoned CPA aiming to provide your clients with impeccable guidance, this podcast is tailored just for you.
Hosted by industry experts from Peisner Johnson, the SALES TAX PEOPLE, with decades of experience in the field, "The SALTcast" is a comprehensive resource designed to demystify the complexities of sales tax and empower you with actionable insights. Our mission is to equip you with the peace of mind, knowledge, tools, and strategies necessary to navigate the ever-evolving landscape of sales tax regulations, ensuring compliance while optimizing financial outcomes.
What You Can Expect:
In-Depth Discussions: Dive into thought-provoking conversations that break down sales tax concepts, regulations, and challenges. Our experts delve into the nuances, sharing real-world scenarios and practical solutions.
Guidance for Business Owners: Whether you're a small business owner or a large enterprise, understanding sales tax is pivotal. "The SALTcast" offers advice to help you grasp the essentials. And, give you the peace of mind you need.
CPA Insights: If you're a CPA, you understand the vital role you play in guiding your clients through the intricacies of sales tax compliance. Join us as we explore different topics you need to know to help your clients.
Real World Examples: Learn through real-world examples and case studies that illustrate how businesses have successfully managed their sales tax obligations. Uncover strategies that you can implement to enhance your own practices.
Why "The SALTcast"?
Subscribe to "The SALTcast" today and embark on a journey towards understanding sales tax. Whether you're looking to enhance your business's financial health or provide exceptional guidance to your clients, our podcast will empower you to make informed decisions and thrive in a complex tax environment.
Tune in to "The SALTcast" on your favorite podcast platform and embark on a transformative learning experience. Your sales tax journey starts here!
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Top 10 The SALTcast Episodes
Goodpods has curated a list of the 10 best The SALTcast episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The SALTcast for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The SALTcast episode by adding your comments to the episode page.
Monday's Sales Tax Audit Tip #1
The SALTcast
02/26/20 • 7 min
Sales tax audits are happening more and more frequently. As more business are susceptible to economic nexus laws states are looking to obtain as much revenue as possible.
I want to share as many tips as I can. I get all my tips from our Ultimate Guide To Fighting A Sales Tax Audit. If you would like to look ahead you can download here for free.
If you are under going an audit or fear its only a matter of time get a free consultation here.
02/07/19 • 28 min
Imagine that you’ve been in business for several years. Things are going along pretty well. By just surviving, you’ve been more successful than most businesses. And then you find out some terrible news about sales tax; you learn that because of “nexus” in prior years, you may actually owe back taxes and it might be a significant amount. This is money you don’t have. You didn’t collect it from your customers and you have no way of collecting it from them now, years after the fact. You simply do NOT have the means to pay the back taxes. What do you do? What are your options? Listen in as Andy and Dan discuss your different options and help you decide what to do.
Additional Questions Answered:
- If I just register going forward what are the risks?
- What is the statute of limitations when it comes to sales tax audits?
- What if I put a date from the past on my state sales tax registration form?
- What incentives do states have to offer amnesty plans for online sellers?
- Will there be another sales tax amnesty program like many states offered in 2017?
- What will California do with the information they received from Amazon?
- How can selling my company give me potential sales tax exposure I wasn’t aware of?
- When should I consider a Voluntary Disclosure Agreement (VDA)?
- Can I negotiate a payout program with states for back taxes owed?
To get with us for a FREE Strategy Call go HERE.
06/06/19 • 13 min
The answer is, as with all things in taxation, – It depends! It varies in each state.
Two scenarios regarding this have been discussed today as to whether parties should deregister in states with marketplace facilitator laws, or whether they should register at all if they have not done that. Some states give guidance on this while others not. In case you want to deregister you should consider the cost to it.
One word of caution is not all marketplace facilitators are collecting on your behalf.
Additional questions answered:
- What is the situation on the state of Washington with deregistering? What is the BNO tax which is reported on the same combined excise tax return along with the sales tax?
- What is the so-called ‘general excise tax’ on the state of Hawaii?
- In 2020 Amazon will begin collecting and remitting on behalf of its sellers. But if you are buying for resale, will you get a full exemption?
- Do I need or should I deregister in these states, if I am already registered? Do I need to remain registered and still file or not file? Have states given clear guidance on this? Is there a cost to deregister?
- Should I deregister in states which are going to have additional tax beyond the transactional tax that Amazon may be collecting?
- In case I have not registered yet, should I do that?
- What is the scenario for individuals who also sell on other marketplace facilitators platforms? Should they deregister if they sell on Amazon?
- If I am selling on multiple platforms, then can I deregister at least on the states in which Amazon has inventory?
- Once I have nexus, do I have nexus for every state and have to collect and remit the sales tax?
- Most of these state laws require them to notify me when they began to collect and remit taxes, so if I have not been notified or they do not state that they are doing it, do I have to assume that they are collecting on my behalf?
08/17/21 • 19 min
Economic Nexus has been the talk of the sales tax town ever since the 2018 South Dakota vs Supreme Court (Wayfair) Decision. What we have found is that Physical Nexus often goes overlooked. Physical nexus was established decades ago and still remains relevant. What we see happening is businesses are hitting economic nexus thresholds but had physical nexus years ago and should have registered for sales tax back then. Today we talk about just that.
Additional Questions Answered:
What is economic nexus?
What is physical nexus?
What triggers economic nexus?
What triggers physical nexus?
What do I do if I discover I had physical nexus years ago?
Can I have physical nexus and not economic nexus?
Can I have economic nexus and not physical nexus?
If you are unsure of your nexus, now is the time to find out. Schedule your Free "What's Next?" call here: pj.tax
03/27/23 • 17 min
If you are a business owner who charges customers for shipping and handling, it's important to understand the rules and regulations for charging sales tax on these items. Failure to comply with the laws could result in penalties and fines, so it's crucial to get it right. In this blog post, we'll explain some things you need to know about charging sales tax on shipping and handling, including the rules, exceptions, and best practices.
If you are unsure about what you have been doing sign up for a What's Next call today.
07/20/21 • 17 min
Amazon Agrees to Turn Over Seller Contact Data to the Rhode Island Division of Taxation! What to do?
The SALTcast
02/21/18 • 62 min
- Specifically, what FBA Seller information has Amazon agreed to turn over to Rhode Island? 03:21
- If we have no inventory in Rhode Island, are we still subject to these new rules in RI? 04:40
- How can we have nexus in Rhode Island if Amazon doesn't even have a warehouse there? 05:00
- Do the new rules in Rhode Island apply just to FBA sellers or to all e-Commerce and other remote sellers? 07:11
- What are the specific new rules in Rhode Island? 09:18
- What is a "retail sale facilitator"? 09:41
- What is a "non-collecting retailer"? 11:11
- What options does Rhode Island give to the "non-collecting retailer"? 13:58
- What if our sales levels are less than $20,000 a year in Rhode Island? 14:49
- What are the 5 specific notifications that an e-Commerce seller is required to make? 17:11
- Is Rhode Island the biggest sales tax problem state for FBA sellers? 22:58
- How did we get to the point where Rhode Island can even have a law like this? 23:40
- How does the Wayfair US Supreme Court case tie in to this? 25:57
- Isn't Colorado doing this same thing now? 28:54
- What are the specific thresholds in other states? 30:05
- Can I avoid this Rhode Island situation if I just get out of FBA altogether? 32:50
- Can states even tax interstate commerce? I thought that was prohibited in the US Constitution. 33:48
- Does Amazon collect tax for FBA sellers in Rhode Island? 36:45
- Does Amazon collect tax for FBA sellers in Washington? 37:28
- Wouldn't it be much easier if Amazon just collected tax for FBA sellers everywhere? 38:00
- Isn't the US Congress going to pass a law soon and make this all go away? 40:29
- Which state seems to be auditing FBA sellers most aggressively? 42:38
- How much would it cost per transaction to produce these customer notices? 43:49
- Does a foreign software provider with no physical presence or any of the other typical nexus triggers still need to get registered in Rhode Island? 45:52
- Is it too expensive for states to audit individuals? 46:42
- What are the 3 Secrets for dealing with the US sales tax without losing your business? 47:42
- What options does Peisner recommend in Rhode Island? 53:31
- If we do get registered in Rhode Island, do we still have to do all these notifications? 55:16
Do You Know Your Sales Tax Nexus?
The SALTcast
06/11/21 • 17 min
Because of economic nexus physical nexus often gets overlooked or even forgotten. With the pandemic a lot of businesses have allowed their employees to work remotely. Also, with todays technology, remote working is here to stay and will only become more popular in the future. This will trigger companies to have physical nexus and will require them to get registered for sales tax wherever they have employees. I invited Jason, Paul, and Danny to talk about this and more.
Additional Questions Answered:
What should I be looking at to determine nexus?
Should I be concerned about physical nexus?
What does a Free What's Next Call consist of?
Does inventory cause nexus?
Does every state have physical nexus laws?
What do I do if I do have nexus?
If you haven't explored your potential sales tax nexus schedule your FREE consultative discovery call here: www.pj.tax
What To Know About Sales Tax Audits
The SALTcast
09/17/18 • 16 min
We are always busy working on sales tax audits. Dan is an absolute expert when it comes to sales tax audits and he has a few tips and tricks for you!
Questions:
- What do I do when I get a notification of sales tax audit from a state?
- What kind of assessment can I expect with a sales tax audit?
- What circumstances should cause me to panic in a sales tax audit?
- Should I worry about other states auditing me once I get audited by one?
- Can I do a VDA if a state has found me already?
- How far will states go back within my records?
- What information should I give or not give to an auditor?
- How should I treat the auditor?
Click Here for More Information on How to Manage your Sales Tax Audit!
05/26/20 • 7 min
Getting compliant with state sales tax requires informed counsel. Somebody that can help identify your nexus and what you should be paying. Somebody more specialized than your CPA. In this podcast, I invited Jason Parr, our President/ CEO, and we’ll look at why you need both.
What does Peisner Johnson do?
How does Peisner Johnson work with CPA Firms?
What are some services that Peisner Johnson offers?
What ongoing support can Peisner Johnson offer?
How can a CPA partner with Peisner Johnson?
If you are looking to know what your sales tax liability is or you are a CPA or accountant and you would like to make sure your client is compliant. Sign up for a FREE WHAT'S NexT call here: https://www.peisnerjohnson.com/whats-next/
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FAQ
How many episodes does The SALTcast have?
The SALTcast currently has 173 episodes available.
What topics does The SALTcast cover?
The podcast is about News, Business News, Ecommerce, Podcasts, Cpa and Business.
What is the most popular episode on The SALTcast?
The episode title 'The State of Washington has Extended Their VDA Program. Question is, Can You Take Advantage of It?' is the most popular.
What is the average episode length on The SALTcast?
The average episode length on The SALTcast is 21 minutes.
How often are episodes of The SALTcast released?
Episodes of The SALTcast are typically released every 8 days.
When was the first episode of The SALTcast?
The first episode of The SALTcast was released on Feb 16, 2018.
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