South Carolina Expands Sales Tax Holidays 2026

South Carolina is considering expanding its sales tax holidays in 2026. For #retail businesses, that means updated exemption rules, product categories, and compliance requirements to track. Here’s what may be changing: https://ow.ly/szBt50Yo9vy

Starting July 1, 2026, businesses operating in Mecklenburg County will need to prepare for a sales and use tax increase from 7.25% to 8.25% due to a new 1% county rate. This change means retailers must update point-of-sale systems, review contracts, and ensure their accounting processes are ready before the deadline. Our latest article breaks down: -What’s changing -What items are excluded from the increase -Steps businesses should take now to stay compliant Read the full update and make sure your business is prepared. #SalesTax #TaxUpdate #TaxCompliance #BusinessTaxes #TaxPlanning

Colorado just gave some businesses a little more breathing room when it comes to sales tax filing frequency. Effective April 14, 2026, the state updated its rules to increase the threshold for monthly filing. Here’s how it now breaks down based on average monthly Colorado sales tax collected: • $1,100 or more → Monthly filing required • More than $50 but less than $1,100 → Quarterly filing allowed • $50 or less → Annual filing allowed The Department of Revenue will review filing frequencies each year and may move businesses to a more frequent schedule if collections increase. One important note: changes won’t automatically move in the other direction, but retailers can request an adjustment. For businesses operating in Colorado, it’s a good time to revisit your current filing frequency and make sure it aligns with the updated thresholds. To learn more: https://lnkd.in/geGY4Dqk #SalesTaxNerd #ColoradoTax #SalesTaxCompliance #SalesTax

Americans are seeing higher tax refunds this year, which has the potential to drive some consumer spending. But the boon for retailers may be short-lived. Story by Mitchell Parton https://lnkd.in/gdN3et77

According to IRS filing data presented by ModernRetail’s Mitchell Parton, the average tax refund is so far up 10.6% versus last year’s numbers, although projections from analysts https://lnkd.in/eiH8yqRU But how will Americans receiving larger tax refunds apportion the money? Various experts weighed in #leadership RetailWire

South Carolina has proposed several new #salestax holidays for 2026: a small business sales tax holiday, an annual disaster preparedness sales tax holiday, and a longer annual tax holiday. https://ow.ly/e0WU50YpCOO

South Carolina has proposed several new #salestax holidays for 2026: a small business sales tax holiday, an annual disaster preparedness sales tax holiday, and a longer annual tax holiday. https://ow.ly/Xe5i50Yo9zH

Sales tax rules aren’t standing still in 2026. States continue to fine-tune transaction thresholds, expand taxable categories in some areas, and introduce new fees that function similarly to tax. Here's a concise breakdown of what’s changing: https://ow.ly/FafW50YrX73

8 sales tax mistakes most founders overlook (especially number 7 👇 )   Most people think sales tax is simple.   You charge it where you live, file it once in a while, and move on.   That works when you’re small, but it breaks the second you start selling across multiple states.   Mistake #1 - You assume everything you sell is taxed the same.   In reality, taxability changes by state, and even the same product can be treated differently depending on where your customer is located.   If you don’t check this properly, you either lose margin or end up owing money later.   Mistake #2 - You don’t realize where you actually owe tax.   Once you pass roughly $100k in revenue in a state, you’re expected to register and start collecting sales tax there, even if you have no physical presence.   Most founders don’t track this, so they keep selling while the liability quietly builds up.   Mistake #3 - You try to calculate everything manually.   Sales tax in the U.S. is not one flat rate, it’s a combination of state, county, and city taxes that vary by exact location.   Trying to manage this without software almost always leads to mistakes that add up over time. Mistake #4 - You assume online sales are treated differently.   After the Wayfair ruling, crossing certain revenue thresholds is enough to create a tax obligation in a state.   You don’t need an office, a team, or any physical presence there, just customers and sales volume.   Mistake #5 - You don’t take filing deadlines seriously.   Every state has its own filing frequency and due dates, and missing even one can trigger penalties and interest.   This means you can do everything else right and still lose money just by filing late.   Mistake #6 - Your records are messy.   If you can’t clearly show what you sold, how much tax you collected, and where it was reported, you have no protection in an audit.   In those cases, the state estimates what you owe, and those estimates are rarely in your favor.   Mistake #7 - You assume certain sales are tax-free.   Some transactions like resale or B2B sales can be exempt, but only if you collect and store valid exemption certificates at the time of the sale.   If you skip that step, the state holds you responsible for the unpaid tax later, which is where the biggest bills usually come from.   Most founders don’t fix any of this until it becomes a real problem.   By then, it’s back taxes, penalties, and a lot of cleanup work that could have been avoided early on.  

New Jersey may lower its sales tax rate to 6%. The is considering two bills that would decrease the sales and use tax rate from 6.625% to 6% beginning January 1, 2026. https://ow.ly/gbVS50YrX7l