Posted by John Healy, CEO of Dydacomp
I thought I would share with you a very good summary of the Colorado Sales Tax reporting issue that you will unfortunately need to deal with in the very near future. A summary of the most current thinking has been best captured by Monica Smith, CEO of Marketsmith, Inc. Her company specializes in mail planning, database and analytical marketing services. Take a look at her very thorough and brief take on the new law at: http://www.marketsmithinc.com/2010/07/update-on-colorado-salesuse-tax-legislation/
Also, read our post on how to deal with this law from a reporting standpoint using M.O.M. at http://blog.dydacomp.com/new-sales-tax-law for more details. We’ll also do our best to keep you curent on this law as the Direct Marketing Association among other groups is challenging Colorado’s authority as a state to implement this type of tax on out-of-state companies.