The Sales Tax Connection

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What’s Taxable: If big-box stores can’t get it right, who can??

Posted by salestax on December 22, 2009

The CT Attorney General recently put forth a press release notifying its citizens to carefully check receipts from Lowe’s Hardware stores. Why?

Well, apparently Lowe’s was undergoing an investigation as to whether they were properly exempting sales of items that qualified for the Energy Efficiency products exemption in Connecticut. I’m sure Lowe’s has a tax system built into their POS and that they employ several sales tax specific associates to help set up whether items are taxable or not in every location where there is a store. (Home Depot had a similar problem a few years ago).

So, my comment on this is: if a large company such as Lowe’s has trouble following the craziness of state statutes, laws, rulings, regulations, etc. and frequent changes of such, how is the small business supposed to get it right? Especially when a small business sells items all over the country and we have states out there like New York trying to get anyone and everyone entrapped into nexus so that they all have to collect sales taxes in multiple states.

It’s always been my plight with this blog to help small businesses and the common layperson to understand the complexities of sales taxes in the U.S. And hopefully, along the way give some direction or assistance to those who need it. So to put it out there: If you’re a small business and find yourself having such difficulties understanding the sales tax intricacies in your state(s), how to file returns in multiple states, whether to collect tax on an item, or what kind of documentation you can accept to exempt a customer, contact me.

See here for the CT Attorney General Press release: http://www.ct.gov/ag/cwp/view.asp?A=2341&Q=450958&pp=12&n=1

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5 Responses to “What’s Taxable: If big-box stores can’t get it right, who can??”

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