Connecticut Provides Updated Guidance on Starting a Business in the State

Thursday, January 3rd, 2019

 
 
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Connecticut
General

The Connecticut Department of Revenue Services has issued a new information publication for businesses within the state. The publication covers everything from business formation and registration to record keeping and taxation.

The publication includes recent changes to Connecticut's tax scheme. These changes include the implementation of a new economic nexus rule, which went into effect December 1, 2018.

Remote sellers must now register with the Department and obtain a sales and use tax permit if, during a 12-month period from October 1 to September 30, they made 200 or more retail sales into Connecticut or had at least $250,000 in gross receipts from sales into Connecticut.

Note that out-of-state sellers that repair or service goods sold by them into the state must also register with the Department and obtain a sales and use tax permit.

https://www.ttrus.com/Connecticut-provides-updated-guidance-on-starting-a-business-in-the-state


About TTR

Transaction (buying or selling things), Tax (the tax on this activity), Resources (our people, our website, our support services) - TTR, Inc.

TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

Please visit TTR on the web at www.ttrus.com or call 866.578.8193.

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