Sales Tax Return
Nobody likes them, but they’re an unavoidable part of any eCommerce business.
Businesses have a statutory requirement to collect and remit transactional taxes; however, this obligation has no strategic value, it requires precious resources and offers only the downside of non-compliance. The states appoint businesses as tax collectors, and assigns to them all of the risk.
Knowing your sales and use tax compliance means knowing your nexus, which are the rules established by each individual state for how your business needs to comply with sales and use tax regulations. The problem is, if you do business across state lines, you need to know sales tax rules for multiple states, and these rules can be so long and complicated that it’s easy to make a mistake on your sales tax returns.
Properly filing a sales tax return can be a lot trickier than it would first appear.
As with most things that are sales tax related, there are a number of different factors that you need to be aware of in order to do the job right.
Please note that you cannot collect sales taxes without first obtaining a permit, called sales tax certificate, resale certificate, or any other similar name (state-dependent).
Whether you’re collecting too little or too much, reporting incorrectly, or not collecting when you should, even small errors can compound quickly. If you’re not confident in your tax strategy or your level of exposure, the time to engage sales and use tax returns outsourcing is now.
Our team looks forward to partnering with you to support your compliance with sales tax issues in any state.