Managing exempt sales during the rise of ECONOMIC NEXUS

3 4 - Managing exempt sales during the rise of ECONOMIC NEXUS

Since the Supreme Court decision in South Dakota v. Wayfair, Inc. many businesses have seen their sales tax registration and reporting obligations increase drastically. With the ruling, sellers with no physical presence in certain states are still on the hook for sales tax compliance if they reach a specified sales or transaction threshold. That means even if you don't have physical presence in a state and that state has an economic nexus law, you may still be required to collect and remit sales tax on behalf of the state. Many businesses are scrambling to get licensed and registered in the new states where they now have nexus, but there are additional considerations to keep in mind.

brand guide logo 300x66 - Managing exempt sales during the rise of ECONOMIC NEXUS

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