True Partners Insights
Technology Services Insights
Iowa Broadens Scope of its Sales and Use Tax
Legislative Changes Effective January 1, 2019 Iowa expanded its taxable enumerated services to include Software as a Service (“SaaS”) and over fifty other new services including information services, storage services (both tangible and electronic), subscription services, and photography services. Additionally, Iowa imposes sales tax on specified digital products. Taxable digital products include digital audio works, digital books, digital movies, and electronic games. Effective January 1, 2019, as a response to […]
Mitigating Sales and Use Tax (“SUT”) Risk
Sales and Use Taxes (SUT) have been in the news recently due to the Wayfair decision and many states have enacted economic nexus statutes as a result. The Supreme Court made a historic change in the SUT landscape in 2018 when it abandoned the long held physical presence standard regarding sales tax nexus; companies can now be required to collect and remit sales tax simply by making sales into a […]
Managing Director Christina Edson explains how the Wayfair decision affects businesses in this video. WATCH VIDEO
