How to Make Sales Tax Compliance Easy - Free Webinar - May 30th
Anyone who deals with sales tax on a regular basis will tell you that sales tax compliance can be hard. It’s especially tricky for businesses that sell multiple products in multiple jurisdictions.
So, how can you make a complicated thing like sales tax compliance easy?
Don’t underestimate its complexity
Sales tax isn’t static — you can’t simply set it and forget it. Every jurisdiction in 45 states and the District of Columbia has its own sales tax rate, and all are subject to change. Product taxability rules are subject to change at the state level, and in some parts of the country, at the local level too. The more places you sell, the more rates, rules, and regulations you need to track. And when a change occurs, you need to be sure to account for it.
Know where you’re required to collect and remit
It may seem like a no brainer, but knowing where you’re required to collect and remit - where you have nexus - can be surprisingly difficult. You could have a tax obligation in more than one jurisdiction in your home state, and even in more than one state.
States aren’t making it any easier. Many have expanded their sales tax laws to increase tax collections from remote sellers. You could trigger nexus in another state by attending a trade show or conference, and later making a sale from the connections you made. You could have nexus in another state if you make sales there through an online marketplace. You can develop nexus by doing a certain amount of business in another state, like have at least 200 sales transactions, or $100,000 in sales.
In fact, the more you grow your business, the more you expose yourself to potential sales tax liability in new jurisdictions. But there is a way to limit those risks.
Take help where you can get it
Learn from the sales tax experts at Avalara on how to identify where you’re most at risk, and what you need to do to become compliant.
Webinar starts at 10am PST/1pm EST