As of July 1, Peerspace is adding sales and use tax to all bookings and applicable add-ons in Florida and some counties in Arizona, and applicable add-ons only in Arkansas, California, Colorado, District of Columbia, Georgia, Illinois, Massachusetts, Maryland, Michigan, Minnesota, North Carolina, New Jersey, Nevada, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.
If you are a host with spaces in Florida, or in Coconino, Gila, Maricopa, Pima, or Pinal counties in Arizona, you no longer need to collect taxes on bookings or applicable add-ons.
If your space is located in Arkansas, Arizona (outside of the counties listed above), California, Colorado, District of Columbia, Georgia, Illinois, Massachusetts, Maryland, Michigan, Minnesota, North Carolina, New Jersey, Nevada, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, you no longer need to collect taxes on add-ons.
If you previously created an add-on for sales and use tax, we have removed these as a courtesy, as we will now be collecting that tax automatically. Please double check and refrain from adding sales and use tax as an add-on to avoid double taxation.
To make this process simple for you, we’re partnering with Avalara, a leading tax software compliance platform to calculate and assign the appropriate taxes to each transaction. Tax rates and tax codes are product-specific and can vary widely by state and local jurisdictions. It is the host’s responsibility to understand their Local and Federal Income Tax.
We’ve compiled a Q&A on this update here. Please reach out here with any questions.