Sales Tax vs. Use Tax California sales tax is imposed on retailers for the privilege of selling tangible personal property at retail. The same is true of many other states but the majority of the 45 states and the District of Columbia with a sales tax impose this tax on the consumer rather than the
People who are interested in buying a business often think about a number of things, namely the money they hope to make and the plans they intend to implement. While buying a business is certainly an exciting opportunity, it is also a financial transaction that can involve some significant tax considerations. In addition to doing
If you live in California, you’re likely already familiar with the California Board of Equalization, or the BOE. Instead of having a Department of Revenue like other states, in California the BOE was the government agency responsible for collecting sales and use taxes among others, auditing taxpayers and hearing tax appeals. These appeals involved individuals
On June 21, 2018, the U.S. Supreme Court decided that states may now collect sales tax on out-of-state online sales in the case South Dakota v. Wayfair, Inc. The Supreme Court upheld the South Dakota law that requires out-of-state online retailers to collect sales taxes on the sales they make into the State as long
