Tax

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28-Oct-2015 Taxjar

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How to Prevent a Sales Tax Filing Hangover

Many, many states had sales tax filings due yesterday, October 20th. Yesterday evening I was chatting with an FBA seller who had waited until the last minute and told me, “I wish there were 48 hours in this day!” Luckily she was a TaxJar customer so it turned out her sales tax filings were quick and painless!

28-Oct-2015 Australian Taxation Office

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Closing, selling or changing business structure?

You need to cancel your ABN after you’ve sold or closed your business.

28-Oct-2015 Business.govt.nz

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Special tax codes and deduction rates: What to do

Sometimes an employee will ask you to make tax or student loan deductions from salary or wages that are not at the standard rate.

28-Oct-2015 Business.govt.nz

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TPP: What it means for small business

Negotiations for the Trans-Pacific Partnership free trade agreement have concluded. The 12 Asia-Pacific countries involved account for 36 per cent of the global economy – but what does it mean for your business?

28-Oct-2015 Xero

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Small business owners choose Clinton over Sanders; but The Donald trumps them both

Of all the presidential hopefuls, America’s small business owners would trust Donald Trump to run their operations and champion their cause on the Hill, a new survey from Xero has found.

28-Sep-2015 business.gov.au

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How Free Trade Agreements can help your business

Did you know that Free Trade Agreements (FTA) can be used by businesses large and small?
As FTAs come into force, you may find new opportunities to expand your business overseas. Or, you may find that overseas investors are interested in partnering in your business operations.
Make sure you understand how FTAs work and what help is available to you!

28-Sep-2015 business.gov.au

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Going carbon neutral in your business

If you want to reduce greenhouse gas emissions in your business and help the environment, going carbon neutral in your business is a great way to do your part.

28-Sep-2015 business.govt.nz

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Checklist: Companies Amendment Act changes

If your business is a registered company, a law change means you must have a director who lives in New Zealand – or who lives in Australia and is a director of an Australian registered company – by 28 October.

You’ll also need to provide some extra information about directors and any ultimate holding company with your next annual return.

Make sure you’re sorted by following this quick and easy checklist:

28-Sep-2015 business.govt.nz

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Registering for GST? Four ways to avoid delays

You have to register for GST as soon as you think you’ll earn more than $60,000 in a 12 month period, but you may want to register earlier so you can claim back GST while your business is still small. Make sure you provide the correct information so your registration isn’t delayed by avoidable mistakes.

28-Sep-2015 TaxJar

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How to Get Sales Tax Compliant for 2016

Sales tax is complex. Maybe you’re new to selling online or maybe you’ve decided to get serious about sales tax compliance. Or maybe you thought you were compliant but a scare (like a letter from a state’s department of revenue!) just convinced you otherwise. No matter what has you tackling sales tax compliance, TaxJar has your back. Here’s how to get started with sales tax compliance, if:

26-Aug-2015 TaxJar

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Is it Legal to Charge Sales Tax on Shipping and Handling?

In a nutshell: It is legal and required in some states to charge sales tax on shipping and handling charges. Some states require sales tax on delivery charges only in special cases and some don’t require sales tax on shipping charges at all.

28-Jul-2015 TaxJar

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The Anatomy of a Sales Tax Rate

We get a lot of questions about exactly how much sales tax you should be charging your customers.

As with most things in the sales tax world, the answer is usually “It depends.”

This post will explain what factors go into those weird “6.75%” or “9.5%” sales tax numbers you see when charging sales tax to your customers. And we’ll also arm you with the tools and knowledge you need to be sure you’re charging your customers the right amount of sales tax! (And if you’re building your own shopping cart and reading all this sounds like pulling teeth, we get it. Check out TaxJar’s SmartCalcs Sales Tax API and let us handle it for you!)

28-Jul-2015 TaxJar

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Why is it Sometimes Called “Sales and Use Tax”?

We see a lot of variations on this question: “A state said I had to register to collect use tax, not sales tax. What’s the difference?”

To make a long story short, sales and use tax generally refer to the same thing: A percentage tax on the price of a sale that is collected by a merchant and remitted to the government.

27-Jul-2015 Xero

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Summer Budget: What it means for UK small business

Chancellor George Osborne announced a tough Summer Budget yesterday in an effort to turn the UK’s whopping £70 billion deficit into surplus. But what does it all mean for UK small businesses?

Xero UK MD Gary Turner shares his thoughts on the pros and cons of this year’s Summer Budget.

23-Jun-2015 TaxJar

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Does Your Summer Business Have to Pay Tax?

Summer is one of the most active seasons for small businesses. Not only do businesses start hiring more people but, according to the Paychex IHS Small Business Index, there tends to be an upswing in the number of businesses started during the summer months. The trouble is some people see their summer business as a seasonal project, rather than as an actual company, so they don’t pay close enough attention to their new tax obligations. To help summer entrepreneurs stay out of trouble, here is a quick breakdown as to what taxes their business has to collect and pay.

23-Jun-2015 TaxJar

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Online Seller's Guide to Non-Taxable Items

In an ideal world, you’d charge one sales tax rate to all customers buying from your online store and that would be that. (Okay, so in a real utopia there would be no sales tax, but that’s really dreaming. Or Oregon.)

26-May-2015

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What does the NZ Budget Mean for Small Business?

The Government this month handed down the 2015 NZ Budget with a few surprises in store. This Budget continues to deliver on National Government’s pattern of fiscal responsibility. This is a positive thing for New Zealand business as it creates an environment of certainty and stability for businesses to invest.

26-May-2015

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What does the new Government mean for UK small businesses?

The 2015 UK election results are in and the Conservatives are back in charge, this time governing alone. So what does the new government mean for UK small businesses?

27-Mar-2015 TaxJar

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Sales Tax Shaming: Why do states do it?

Starting way back in 1995, Connecticut launched its first publication of delinquent tax payers. Washington followed suit in 1997 and now, as of December 2014, 23 states either publish a list or have a searchable database of delinquent tax payers. The thought process behind creating these publicly accessible lists is that if someone owes back taxes, they are more inclined to pay if they are publically embarrassed.

26-Mar-2015 TaxJar

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April Sales Tax Due Dates 2015

April is what we refer to around here as a “sales tax perfect storm.” Quarterly and monthly filing due dates converge, until almost every online seller has a sales tax filling to make. This means figuring out how much to collect on all channels on which you sell, gathering all that info into a report based on how each state wants to see it, and actually filing and paying.

24-Feb-2015 Australian Taxation Office

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ATO Mobile App

The ATO app puts tax and super help in your hand, making it easier for you to conduct your tax and super affairs on the go.

24-Feb-2015 Australian Taxation Office

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Claiming website development costs

If you pay for a website for your business, here are some things to remember about claiming the costs…

24-Feb-2015 Australian Taxation Office

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Starting your business

Starting a business is a big decision, and needs careful research and planning well before you start trading.

16-Jan-2015 ReceiptBank

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Digital Tips to Attract Clients Online This Tax Season

Your website or LinkedIn profile will often be the first thing about your company that a prospective client sees, and as we all know, you only get one chance to make a good first impression.

07-Dec-2014 accountingdepartment.com

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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services

How the IRS is Increasing Scrutiny of Small Businesses

29-Oct-2014 Australian Taxation Office

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Introduction to rental property and tax

This short video is an introduction to what you need to know when buying, owning, and selling your rental property.

29-Oct-2014 Australian Taxation Office

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MyTax makes taxes less taxing

Find out how the ATO are making taxes less taxing with the introduction of myTax. Visit http://ato.gov.au/myTax for more information and to check if it's right for you

29-Oct-2014 Australian Taxation Office

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Transporting bulky tools and equipment

Tax information for employees that need to transport bulky tools and equipment between their home and work. There are rules that you need to check and records you need to keep.

18-Aug-2014 Employment Innovations

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Penalties Change for Restaurant Industry

The change to Sunday loadings in the Restaurant Industry: what does it all mean?

Many of you would have already seen news reports that a Full Bench of the Fair Work Commission has decided to reduce Sunday penalties for casuals covered by the Restaurant Industry Award. But what exactly does it mean, what impact will it have on your business now and in the future, and does it suggest similar changes to other modern awards moving forward?

12-Apr-2014

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Tax Planning Strategy #4: How to Establish a Self-Managed Superannuation Fund (SMSF)

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