Portland, OR (PRWEB) January 27, 2010 - In an effort to help small-to-medium, multi-
state businesses make sense of rapidly changing state and local sales tax rates and rules, STS Publishing, LLC has launched the Sales Tax Questions section on its Sales Tax Support website at http://www.SalesTaxSupport.com
Many states now look to sales and use taxes to make up for revenue shortfalls. A recent report by the Nelson A. Rockefeller Institute of Government revealed that state revenues showed record drops for the 2nd consecutive quarter. Forty-two of 45 states with broad based sales taxes reported declines in sales tax collections and 14 of those declines are double-digit.
While some states are increasing sales tax rates, it appears others are auditing more often and enforcing sales tax laws more aggressively. Some states are also attempting to expand their tax base through the broadening of terms such as nexus and tangible personal property, which largely determine who and what gets taxed. While the approaches differ, any change can add complexity and make compliance an even greater challenge. These changes can also trigger questions, particularly for firms that are active on a multi-state basis.
"For companies with a multi-state tax footprint, rapidly changing tax laws can cause special challenges," commented Susan Jaeger, SalesTaxSupport.com's publisher. "A company may have a very capable accountant - or the support of a local CPA, but they are realizing that sales tax is a highly specialized area. Ask any small-to-medium company with multi-state activity - and they all have a sales tax question that they'd love to have answered."
According to Jaeger, the sales tax questions received by the site are as diverse as the firms submitting them. "Our users can range from internet start-ups with absolutely no tax personnel - through to Fortune 500 companies which may have a tax team in place - but are seeking input from a sales tax specialist."
One recent question addressed a common but confusing topic - internet or e-commerce taxation - an issue which has received much press due to the Amazon.com tax debate. Submitted by a firm selling products over the web, the question simply asked: "Which states require you to collect sales tax on products sold over the internet if you have a physical presence in that state?"
To answer that sales tax question and other sales tax questions, Jaeger looked for just the right contributor to sponsor the Sales Tax Questions area. She looked for a sales tax specialist - but communication was a key element. The firm had to be able to answer the questions but in the process help educate the site's small-to-medium business audience.
Yetter Consulting Services, headquartered in Chicago, seemed to be the perfect fit. Well known in tax circles, the firm works with clients to minimize risk through the development of sales tax strategies, as well as tax system implementations. The firm also has an educational division, Sales Tax Institute, one of the country's best known sales tax training organizations.
Diane Yetter, president of Yetter Consulting Services, knows the importance of sales tax education. "The complexity of sales tax just keeps increasing. We viewed the Sales Tax Questions opportunity on SalesTaxSupport.com as a natural outreach to help multi-state businesses better understand sales tax."
Questions will be answered and posted on the site with names and identifying details removed. Then they will be archived to create another helpful resource for small-to medium businesses.
About STS Publishing, LLC
STS Publishing, LLC owns and operates SalesTaxSupport.com, the nation's most comprehensive free sales tax resource for small-medium size businesses. Visit the Sales Tax Support website or call 1-888-334-3944 for more information.
Find us online:
Twitter: http://www.twitter.com/SalesTaxSupport
Linkedin: http://www.linkedin.com/in/salestaxsupport
About Yetter Consulting Services, Inc.
YCS works with financial and tax department leaders to develop sales tax strategies and implement systems that deliver results. Since 1996, YCS has minimized risk for its clients by changing the way companies think about sales tax liability. For more information, visit http://www.ycstax.com
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