The SALTcast
Welcome to "The SALTcast," your go-to podcast channel for unraveling the intricate world of sales tax. If you're a business owner seeking clarity on sales tax regulations, or a seasoned CPA aiming to provide your clients with impeccable guidance, this podcast is tailored just for you.
Hosted by industry experts from Peisner Johnson, the SALES TAX PEOPLE, with decades of experience in the field, "The SALTcast" is a comprehensive resource designed to demystify the complexities of sales tax and empower you with actionable insights. Our mission is to equip you with the peace of mind, knowledge, tools, and strategies necessary to navigate the ever-evolving landscape of sales tax regulations, ensuring compliance while optimizing financial outcomes.
What You Can Expect:
In-Depth Discussions: Dive into thought-provoking conversations that break down sales tax concepts, regulations, and challenges. Our experts delve into the nuances, sharing real-world scenarios and practical solutions.
Guidance for Business Owners: Whether you're a small business owner or a large enterprise, understanding sales tax is pivotal. "The SALTcast" offers advice to help you grasp the essentials. And, give you the peace of mind you need.
CPA Insights: If you're a CPA, you understand the vital role you play in guiding your clients through the intricacies of sales tax compliance. Join us as we explore different topics you need to know to help your clients.
Real World Examples: Learn through real-world examples and case studies that illustrate how businesses have successfully managed their sales tax obligations. Uncover strategies that you can implement to enhance your own practices.
Why "The SALTcast"?
Subscribe to "The SALTcast" today and embark on a journey towards understanding sales tax. Whether you're looking to enhance your business's financial health or provide exceptional guidance to your clients, our podcast will empower you to make informed decisions and thrive in a complex tax environment.
Tune in to "The SALTcast" on your favorite podcast platform and embark on a transformative learning experience. Your sales tax journey starts here!
The SALTcast
Answers to the Most Frequently Asked Questions that international FBA and eCommerce Sellers Have About Doing Business and Sales Tax in the US
While all of the amazing advances in technology area make it easier to sell your items to customers in the US from all over the world, it can be frustrating trying to understand the tax laws you have to deal with.
This could get you into a lot of trouble with the US government. We frequently have conversations with eCommerce sellers that are based outside of the United States and they usually have pretty much the same questions.
Andy and Dan join us today to answer these questions and help you get your business on the right track.
Additional Questions Answered:
Q: Do I need a US entity to sell in the US or collect sales tax?
A: A US entity is not required to sell in the US or collect sales tax. We have many clients that keep their foreign entity and some that operate as sole traders/proprietors. In some instances opening a US entity can complicate income tax requirements. You could have US-sourced income to report in that case and you could end up owing federal income tax and in some cases state income tax.
Q: Are there any benefits of opening a US entity?
A: It could help you if you need to set up a US bank account (see below). Also, if you are working with US suppliers, some of them may require you to operate as a US entity.
Q: Is an EIN/FEIN required to sell or collect sales tax?
A: Most states require an EIN (aka FEIN) to register to collect sales tax. An EIN is generally not a legal requirement to sell in the US. However, some suppliers may require it if you are making purchases in the US. You can obtain an EIN directly from the IRS, or we can assist you in getting an EIN if so desired.
Q: Is a social security number or ITIN (Individual Taxpayer Identification Number) required to register for sales tax?
A: If you are a US resident you must have either an SS# or an ITIN.. If you are not a US resident, you are not required to have either one.
Q: Am I required to have a US bank account in the US to file sales tax returns?
A: When filing the returns online, most states require you to have a US bank account because of the ACH limitations. We do not require our clients to use a US bank account to file sales tax returns, remit taxes to the states or for any of our other services. However, the states often require a US bank account to pull the taxes. We have helped companies outside the US and can probably help you also.
Q: Can you assist with or complete forms such as the W-8BEN-E or W-8BEN forms?
A: Yes, we can assist or complete your W-8BEN-E or W-8BEN forms.
Q: Can I have my mail from the various states sent to your firm?
A: Sure, this is part of our sales tax return services. If you are a client, we will give you our address to use as your mailing address.
If you feel you need help with any of these things we offer a FREE Consultation SIGN UP HERE
Watch the video of the podcast HERE.