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Free Sales Tax Economic Nexus Determination
When was the last time you reviewed your sales tax obligations across states other than the one(s) where you have a physical office? Due to the COVID-19 outbreak, many states are losing much needed revenue due to a decline in tourism, dining out, and other activities that many of us took for granted. Because of the SCOTUS Wayfair decision, we know states are paying more attention to non-traditional revenue targets, e.g. businesses doing business in their state but not actually registered to pay sales tax. Now coupled with a drop in sales tax revenues, there is a heightened due diligence… Read More
5 Reasons You Need Sales Tax Automation
Wondering if you really need sales tax automation? Not sure what I’m talking about? Read our introduction to sales tax automation. It’s true that not every business needs sales tax automation, if they have nexus in a single state that either doesn’t have sales tax, or has a single state-wide rate. (Although, even a business whose tax calculations are simple can benefit from the streamlined bookkeeping, reporting, and payment options provided by sales tax automation.) But businesses that have nexus in multiple states, or who operate in a state with destination-based sourcing and multiple rates, may find that the cost… Read More