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Enchubben

Burnt Ends
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Posts posted by Enchubben

  1. On 6/30/2018 at 12:47 AM, George Clooney said:

    Mays' reputation is built on sending enough accounting/PPA graduates with inflated grades into the big 4 to stay relevant. 

    This is 100% true having experienced this first hand recruiting for enough years in big 4 across all the Texas schools.

    For some reason no one finds it odd that when you go to recruit there 75% of their ppa grads have 3.75 and up. Most of those kids are idiots and we have to weed them out after their second/third year.  The ones that stick around have limited upside and are basically compliance monkeys.(no racist)

    • Like 1
  2. 1 hour ago, utexas8 said:

    I don’t feel good about Leal. After his other OV’s hes still committed to a&m. And after his bama OV he said they were tied with a&m. Nothing about Texas. They’ve sold him on the sec.


    Maybe if Texas has a good season I could see him flipping.

    Yea I think they’ve sold the SECSESEC pitch well with him early and he bought in. He may flip to Alabama if he has any semblance of common sense,  but in all reality as long as Leal doesn’t go to Texas;  Aggy considers that a win, even though that’s idiotic. 

  3. So they secretly code some sort of message into a DHS report for what reason again? Can’t they just send an email or text like the rest of us? Just shocked that this comes after the Supreme Court approval of the Travel ban, and a retiring Supreme Court Justice. 

    Same cloth as the Obama birther people just other side of the spectrum. Good thing you bozos only represent a small faction of your respective political affiliation.

  4. 16 hours ago, Pancho Negro said:

    Well you and your party are about to send blacks back to Africa, so maybe people should revolt. 

    Haha wait what? Aren’t we at historical rate of low unemployment for African Americans? Why do all that to send them somewhere else?

    I saw someone else posting a tweet about banning Muslims...are they referring to the Travel ban from terrorist sponsor countries? If so, quite the leap.

  5. 1 hour ago, scottsins said:

    Why is this being lauded by the right as some badass Trump win, MAGA type of thing. I get being pleased because choosing him meant that the replacement will be from the right. I disagree, but it’s at least logical.

    However, I see some people here and elsewhere exclaiming “Trump is going to save us...I KNEW he was the guy to get it done!”

    Get what done? Kennedy retiring? No voire on Garland? Choosing replacements from a list of conservative justices? ANY GOP president would have done the same.

    I for one am not celebrating it as a trump win, but more of a win because of timing.  It wasn’t that long ago that Hillary was predicted to win in a landslide and was going to nominate potentially 3 judges over an 8 year term. Tables have turned and it’s a celebration of good fortune that a god awful candidate (Trump) was able to beat an even worse candidate in Hillary.

    If Ginsberg retires with a Republican in office that’s when you will see the real fireworks.

    Put me in the no way in hell abortion is outlawed camp, but these days anything is a possibility. Could it be a State by state issue? Perhaps. Regardless, the Democrats will use this as a rallying cry during midterms since nothing else seems to be working. 

  6. Just now, williemackgarza said:


    Saban waits to see the diamonds in the rough ol jimbo finds. Guy was never on anyones radar till jimbo found him.
    Just wait till ol jimbo get this sleeping giant up and moving. Saban knows his days are numbered. Sees the writing on the wall. Wouldnt suprise me if saban pulls a stoops and retires. Both tsips and bama tried keepin jimbo form the lit station. Couldnt stop it.
    Dont worry bout bama guys. Its done. Sit back, pedal to the metal and enjoy the ride.


    Sent from my iPhone using Tapatalk

    this is scary identical to the shit gunner and daddy98 post. well done.

    • Like 2
  7. Noah Cain retweeting, liking, etc tons of LSU media this week. Hopefully the 995ers aren’t overplaying our position with him. Not a lot of great targets behind him in this class, and we most certainly need a quality rb this year since Evans will be an absolute dog fight next year.

  8. 2 hours ago, Mojo Hand said:

    Marginal cost, how does it work? 

    There are probably 200-300 people nationwide that will be able to implement, support and advise on projects like this. Those people are busy on other projects that are much more profitable.

    There will be plenty of unqualified people selling work in this area for sure, but it will be at a premium not a discount.

  9. 4 hours ago, Mojo Hand said:

    Wouldn't it be fair to guess that the cost will go down significantly now that online sellers nationwide will all be buying this kind of software and service?   There will be a competition for the business, and there can't be that much relative cost increase from the providers to scale this out.

    Supply/demand, how does it work?

  10. 58 minutes ago, retsevlys said:

    In Alabama it's where title is transferred.  I would assume it's the same in all states.  So if you ship it to Amarillo, that is where the tax it due.  Previously, if you have no nexus(presence) in Amarillo or Potter County, you would only need to collect state taxes.  I haven't read the whole ruling yet, but it should allow the states to set a threshold for a requirement to collect tax.  So for instance, if your sales to New Mexico were $150,000 a year and New Mexico requires sales tax to be collected if your sales are over $100,000 than you would have to collect tax on sales to New Mexico.  Let's say Texas has the same threshold and your sales to Amarillo were over $100,000, then you would have to collect Amarillo local taxes.

    That's how it would work in Alabama anyway.

    A lot of states already have those requirements and thresholds in place, they just weren't imposing them until a decision came down. The retroactive practices and policies of the various states will be interesting to watch if they believe the tax was due all along.  States still need to follow the guidance from the Complete auto case which requires substantial nexus with the taxing jurisdiction to be Constitutionally compliant.  In my mind, states will actually see more challenges now because the term substantial nexus is subjective without a physical presence requirement.  

    Is $100K in sales substantial when I sell $1B a year?  Is 100 transactions in the state substantial when I make 2 million annually?  What if I make 10K 5 cent transactions, is that substantial? What about 1 transaction for $1M?  Since physical presence is no longer required, does it still mandate a collection responsibility?  All questions that need to get sorted out.

  11. Just now, Hornius Emeritus said:

     

    So .... some state could really gain an advantage re: attracting new businesses that use the web by not applying the sales tax to such businesses.  If I make widgets and sell them online, I'd love to be able to open a factory in a state that doesn't require me to charge sales taxes to my out-of-state customers.  In the case of Texas, that gives me an 8.25% price advantage over my competition.

    It doesn't matter that you are located in one state vs another at this point. If you are selling online, it doesn't matter what state you are manufacturing or storing, it matters where you are delivering.

    Honestly the biggest changes to come from this will be on the small mom and pop's that sell online (they are going to have a huge administrative burden to comply relative to the benefit of selling cross state lines), and to service providers who sell into states with no physical presence who tax the services they provide. 

    For example - most states do not tax information or data processing services; Texas does. Think of all the NY based data/insurance/financial services providers, or California based SaaS providers that don't have people or physical locations in Texas and have never collected sales tax.  They are about to have a huge undertaking and will bear most of the new tax burden (which will be passed onto the consumer)

  12. 1 hour ago, bolverk said:

    Can someone please straighten out for me this question?

    If I'm a knick-knack dealer located in Abilene and I sell/ship a product to someone in Amarillo, who gets the local sales tax dollars now? Abilene or Amarillo?

    At the moment, I have no idea what the rate is in either jurisdiction but I do know that one penny on the dollar goes to the local municipality and that up to one other penny can go to various local option uses (economic development, transit, property tax relief etc.). The State of Texas would get 6.25 cents on every dollar of purchase regardless.

    I know the question may sound trivial, but local communities are desperate for every cent out there. If, for example, a local knick-knack dealer is successful, I'd hope that my local community collects the taxes as opposed to where their customer lives.

    States differ on how they source local sales and use tax.  Texas is kind of an outlier in that it is an origin based state, meaning the local tax is imposed based on the seller's place of business. Lot's of factors go into determining the correct place of business if you have multiple locations, sell in store and online etc,, but for simplicity sake, Texas imposes sales tax on where the order is received or shipped from.  In your example Abilene local tax is charged.  (There are exceptions to that for cable TV/internet/real property construction etc)

    Fulfillment centers used to get around this by people making orders in a showroom then having it delivered from a warehouse outside of a local taxing jurisdiction, but changes have been made to the taxing statute and regulations since then.

    Most states are destination based meaning they collect tax where the product is shipped to, picked up, or where the benefit of the service is.

     

  13. 26 minutes ago, retsevlys said:

    Alabama allows out of state companies to collect and remit a Simplified Seller's Use tax from their customers.  The rate is a flat 8%.  The tax is then divided up.  4% goes to the state,  2% is divided among the counties based on census population, and 2% is divided among the cities based on population.

    This is true and caused quite a bit of disagreement with your big box retailers who you normally think would be happy about it. Certain areas of Alabama are over 12% meaning remote sellers collect less sales tax than in-state retailers.

  14. 44 minutes ago, Patrick Bateman said:

    LOL.... There's already a thriving business space for this service which will undoubtedly grow.  Avalara, Taxjar, Vertex, CCH, etc, etc...... Most online businesses who operate in a multitude of jurisdictions already use these services.

    This is true as well except its not cheap. Saying most remote sellers use this type of software is generous. I would guess its more like 10% - and that's from my experience of dealing with large companies that are much more likely to be able to afford them.

    • Like 1
  15. 49 minutes ago, Mojo Hand said:

    I'd imagine a number of software companies have the time to keep tabs on local sales tax rates and provide online updates to their online point-of-sale software as they change.  Let me know if they don't, because that would be a great business opportunity. 

    You would be correct that there are software and SaaS models outthere, quite a few actually, - but it's expensive and they have to be maintained.  There are other factors that small vendors will have to account for as well, exemption certificate maintenance, actual return filings, audits etc. It's not a cheap or easy transition.

  16.  

    1 hour ago, Bozo_Casanova said:

    So if you've been thinking about buying Rolex or some other high end item from an online dealer in order to realize a tax savings, now would be the time to do it. 

    The popular play here in Texas i hear about is for wedding rings and jewelry.  Go to a jewelry store in Louisiana, have them ship the ring to you in Texas - since they aren't located here in Texas - they don't collect sales tax.  Voila - instant 8.25% savings in Houston.

  17. 56 minutes ago, Mojo Hand said:

    Good.  It's incredibly annoying to go through all my online order receipts every year at tax time to pay my state's online purchases tax, and even more annoying that I'm probably the only person in the state who actually does it. 

    you are one of 2 people i have ever come across in my lifetime that does this.  Congratulations.  On the flip side, every once in a while individuals get popped for bringing in artwork, furniture etc.

  18. Not that this is the most entertaining or politically divisive topic, but the U.S. Supreme Court overturned a historical sales and use tax case today.  The standard from Quill v North Dakota was that a state or local jurisdiction could not constitutionally require businesses to collect their sales/use tax without being physically located in that jurisdiction.  (generally meaning having employees, property etc.)

    With the overturning of that case today, states can require that online dealers, remote service companies, foreign inbound sellers etc collect the applicable jurisdictions sales/use tax or exemption certificates, even when they aren't physically located in that state or local jurisdiction.  Each state will now be on their own to determine what is considered substantial nexus which may be making 1 sale in the state, 100 sales, making $1 in sales, $200K in sales etc.

  19. Finally went and got a soundbar for my living room for above the fireplace mantle.  I have a 55" Samsung and wanted to limit the necessary remotes so I went with Samsung.  Ended up on the Samsung 2.1 channel with 6.5" subwoofer and digital amp. $229 at bestbuy.  

    Very easy to install, the sound is much clearer than the tv speakers with quiet dialogue and the subwoofer is great.  It synced up with the tv immediately and now I just use the tv remote.  It does have the capability to bluetooth from other devices, but you would need to use the included remote to pair but it's quick.

    Now looking to upgrade from the 50" Sony LCD tv in master to a 65" Samsung 4k tv (NU7100 series) at $1K.

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