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Tag Archive for multi-state tax

What You Need To Know About California’s SB 993

Sales tax is a major revenue source for many states, including California, which is why its legislature has been looking for additional ways to collect fees under the ‘sales tax’ umbrella.

For years, State Senator Bob Hertzberg has been trying to extend the state’s reach by imposing sales tax on services. Although 2015’s Senate Bill 8 didn’t pass, there’s another bill recently heard in the Senate Governance and Finance Committee: Senate Bill 993 (SB 993).

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Multi-State Tax Facts For Biotech & Pharmaceutical Companies

Monika Miles

If you’ve been following our series about multi-state tax facts for various facets of the technology industry, you may be aware of one more niche we haven’t discussed yet: BioTech and Pharmaceutical companies. While both these categories fall under scientific research and medicine, they’re integral to technology as well.

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3 Important Tax Facts For Medical Device Companies

Monika Miles

If you’ve been following these series about multi-state tax facts, you know we’ve already covered software and SaaS companies. What about medical device companies?

Because the term “medical device” covers a wide range of instruments, machines, accessories or other tools that can be used both externally (such as tongue depressors) or internally (like pacemakers), there are a lot of multi-state tax questions that arise in this industry.

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Sales Tax Issues Burdening Corporate Controllers

Monika Miles

If your company is set up like most, the sales tax burden probably becomes yet another area piled onto the already busy plate of the corporate controller—this is especially true at small and middle market businesses. These organizations often do not have a tax department that includes sales tax, so all accounting-related matters fall to the controller. He or she is usually a financial accounting person and probably doesn’t enjoy dealing with tax anyway, but now they are stuck with trying to figure out the complications of sales tax.

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