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We’re getting in touch to let you know about an upcoming change to applicable IDX Broker subscriptions.
Starting March 15, 2021, state Sales Tax will be applied to monthly subscription payments for clients in applicable states.
Multistate sales tax compliance rules have changed, and as a result sales tax must be calculated, collected, and remitted for clients in 14 states, with additional states likely being added over time.
You can find more information here: https://idxbroker.com/landing/sales-tax/partners.php
With regard to communication and your clients:
If your client is the payee on their subscription and remits payment directly to IDX Broker via their credit card, they will be liable for any taxes their state levies for this service. IDX Broker will be notifying these clients that their invoices will include taxes owed.
If you are the payee for accounts that receive service in these states, you are responsible for all charges associated with these accounts.
For more information on how this adjustment may impact you and your clients, please visit our website or contact developers@idxbroker.com. For any other questions about how Internet Sales Tax may affect you, we recommend consulting with your tax advisor.
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