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Growing globally with landed cost automation

Sales tax in the United States is complex, but because Americans are raised with it, the thousands of jurisdictions and special taxes seem to make (at least a kind of) sense.  As soon as a company starts making overseas exports, the level of complexity increases significantly — especially because many other countries use tariff and import fee types that are unheard of in the United States.

What Are Important Tax Deadlines and Quarterly/Year-End Dates I Should Know? To start, each of the four quarters are broken into three-month periods - whose dates will be the following: Quarter 1 (Q1): January 1 - March 31 Quarter 2 (Q2): April 1 - June 30 Quarter 3 (Q3): July 1 - September 30 Quarter 4 (Q4): October 1 - December 31 The end dates, noted above. are the last days for each of the respective quarters. As you see below, as well, there is a list of forms you'll want to keep in mind - for the forms you'll submit throughout the process. If you want to "freeze frame," simply click on the image, and you'll be taken to the corresponding video, to take down the necessary dates to keep in mind.

The fine art of sales tax — and vice versa


In 2015, fine art sales amounted to a whopping $63.8 billion.  While this is nearly 5 billion dollars less than the art market’s all-time high in 2014, visual art is still a big business. 

Art sales pose interesting problems for sales taxation.  Some of those problems boil down to that most eternal of questions: what, precisely, is art?  Is it just a painting? Or is it an investment?

More States Dare to Mess with Nexus


$24 billion. That’s the amount of uncollected sales tax from ecommerce retail sales at last count. Those billions of dollars are a powerful motivator for U.S. states who are collectively facing $19 billion in budget shortfalls over the next 18 months. As states get more concerned (and creative) about revenue sources, they’re turning their attention to nexus.

Hit the books! Back-to-school starts now for retailers


The sprint to the end of the school year is underway. Students are working to finish assignments and prepare for exams while keeping one eye glued to the calendar: three weeks left; then one; summer! Most kids will be happy to close the books and not think about the upcoming school year for two months. But for retailers, now is the time to prepare for the back-to-school retail rush.

Back-to-school spending is second only to winter holiday spending. According to the National Retail Federation (NRF), total combined spending for back-to-school and college reached approximately $68 billion in 2015. Although some consumers start earlier, most do their back-to-school shopping during July and August. Retailers have no time to lose.

These days, some of us find ourselves updating multiple calendars. There's the Outlook calendar or other web-based solution for scheduling and task management. Or, maybe a smartphone app to track a "to-do" on the road with a paper calendar as backup. But where do you keep track of your everyday financial tasks? Including these in your scheduling calendars and/or task lists will make for very crowded screens, not to mention how inconvenient it can be to keep switching between applications. Consider adding one more tracking tool: the QuickBooks Calendar.

Business execs weigh in: sales tax automation is a must for scale, growth

A recent study by Deloitte found that nearly half of all mid-market companies not only automate, but do it in multiple areas of their business. And why not? It’s a great way to offload time-consuming tasks and free up resources for more value-add activities. And what could be more tedious than sales and use tax compliance?

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