#sales-tax
Sales tax compliance, nexus rules, filing requirements, and tax automation for businesses
Nonprofit thrift store bookkeeping covers the fair value and sold-price methods for donated inventory, IRS Publication 561 receipt thresholds, the roughly 85% volunteer-labor and donated-merchandise UBIT exclusions, and when Form 990-T filing is required.
Every used vehicle needs its FTC Buyers Guide on the window with one warranty box checked — and each VIN's ACV plus recon, floorplan curtailment, and F&I reserve must tie to the guide the deal delivered.
Israeli freelancers must convert from osek patur (VAT-exempt) to osek murshe (VAT-charging) status once annual invoiced revenue crosses ₪120,000, with the conversion retroactive to the crossing date and closed-list professions like architects and lawyers required to register as osek murshe from their first shekel.
Sri Lanka now charges 18% VAT on digital services sold by non-resident providers once revenue exceeds LKR 36 million a year or LKR 9 million in a quarter, effective July 1, 2026, with quarterly filing and registration due within three months of crossing the threshold.
Pet cremation businesses run three revenue models at once (tiered cremation service, veterinary referral commissions, and merchandise sales), and the retort itself depreciates as 7-year MACRS equipment eligible for 100% bonus depreciation on property placed in service after January 19, 2025 — not as a 39-year building improvement.
Effective January 1, 2026, Illinois eliminated the 200-transaction economic nexus threshold, leaving a single $100,000 trailing-12-month revenue test for remote sellers. Here's who gains or loses nexus, how the August–October 2026 amnesty program works, and how to structure your books to answer state-by-state sales questions on demand.
Print-on-demand sellers run two different businesses — integration channels (Etsy + Printify) with real COGS, and marketplace channels (Redbubble, Amazon Merch) with none. This guide covers how to reconcile 1099-K gross figures, avoid double-counting platform fees, handle marketplace-facilitator sales tax, and structure a per-channel chart of accounts to track margins that range from 20% to 70%.
A roller rink runs admissions, skate rentals, birthday parties, concessions, and merchandise under one roof — and well-run rinks post 20–35% margins while others limp at 10% on the same traffic. This guide shows how to split the chart of accounts by revenue stream, hold party deposits as deferred-revenue liabilities until the event happens, capitalize the rental fleet, and track KPIs like revenue per visit and ancillary revenue share.
Colorado's retail delivery fee rose to $0.31 per order on July 1, 2026, while Minnesota charges $0.50 on qualifying orders of $100 or more. Here are the exemption thresholds, marketplace carve-outs, the ten-plus states drafting similar fees, and how to record the fee so it doesn't tangle your books.
How carnival and fair concessionaires should keep books for a route business — recording 25–50% gross-revenue splits and guarantee floors per stop, registering for sales tax permits that differ by state (Ohio's statewide license vs. California's per-location permits vs. Illinois's changing-location filer status), reconciling cash daily against ticket counts, and tracking day-labor payroll and 1099 thresholds across state lines.
Restaurant no-shows cost the U.S. industry roughly $16 billion a year, and the deposits that fight them create a bookkeeping trap — under ASC 606 a reservation deposit is a liability, not revenue, until the guest dines or forfeits. Here's how to record deposits as deferred revenue, book no-show forfeitures as breakage, and reconcile net payouts from OpenTable, Resy, and Tock.
The U.S. minted its last penny on November 12, 2025, and 19 states have enacted cash-rounding laws in 2026 with no federal standard yet in force. Most states let retailers round cash totals to the nearest nickel at their discretion, Arizona mandates Canadian-style rounding, and Indiana treats rounding gains and losses as income adjustments. Here is how the rules differ, why sales tax is always calculated on the pre-rounding price, and how to book rounding variances so they stay auditable.
