Tax liability also applies to business income. In addition, if you own a retail establishment or another type of store, tax liability can occur from collecting sales tax on products sold.

Instead, the Tax Law imposed per se liability upon such members, stating that any member of a limited liability company was a “person required to collect any tax imposed by [the sales tax law ...

Sales and use taxes continue to be an increasingly complicated area where pitfalls can occur. The landscape of sales and use tax changed overnight when the U.S. Supreme Court rendered a close 5-4 ...

It takes a big shift in internal policy and procedures to address existing unfunded sales tax liability, and to prevent future issues. You first need to identify what your liability entails, how ...

Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax liabilities and how to manage them effectively in 2025.

Late last year, the Office of the State Comptroller (the “OSC”) estimated that sales and use tax receipts would increase by 2.3% in the SFY 2024-2025.

Kintsugi, a Silicon Valley-based startup that helps companies offload and automate their sales tax compliance, has raised $18 million in new funding led by global indirect tax technology solution ...