Changes in the way that states impose tax on service providers pose serious concerns for how public relations, advertising and media firms may be exposed to new tax obligations in our ever-expanding service-based economy.
If states adopt the recommendation, businesses would not only need to limit themselves to sales solicitation, but also remain below the state economic nexus threshold to avoid state income tax.
An estimated 800 sales tax bills are under consideration by state legislators each month, according to a new report, as lawmakers grapple with the complexity of sales and use tax four years after the Supreme Court handed down the South Dakota v. Wayfair decision.