Sales tax rates have once again changed! Beginning July 1st, numerous states have changed local sales tax rates with a few changing their state rates. In California, changes have only been made to sales tax rates in San Mateo County and the City of Glendora; the state sales tax rate remains unchanged. Further information on these changes in California are on the California Department of Tax and Fee Administration’s website (https://www.cdtfa.ca.gov/news/19-15.htm). For other locations within the US, the new sales tax rate can be found here.
Along with the sales tax rate changes, remote seller legislation has been enacted beginning July 1st in Arkansas, New Mexico, and Pennsylvania. In Arkansas, remote online sellers are now required to collect sales tax on transactions that occur after the $100,000 in annual sales threshold or 200 transaction thresholds. New Mexico passed a similar law which requires out-of-state sellers with at least $100,000 in total sales in the previous calendar year to register and collect state tax on their transactions in New Mexico. Pennsylvania also enacted a law requiring remote sellers that have direct sales exceeding $100,000 in Pennsylvania to collect and remit Pennsylvania state tax.
Think this is something that you have to worry about? Have no fear, Paragon Accountants are here! For more help on sales tax, pick up the phone and call us anytime!