Hitting Economic Nexus Thresholds? You May Have Established Physical Nexus Years Ago.
Economic Nexus has been the talk of the sales tax town ever since the 2018 South Dakota vs Supreme Court (Wayfair) Decision. What often goes overlooked is Physical Nexus. Physical nexus was established decades ago and still remains relevant in spite of economic nexus and marketplace facilitator tax laws. What we see happening is businesses are hitting economic nexus thresholds but had physical nexus 10 years ago and should have registered for sales tax back then. Today we talk about just that.
Additional Questions Answered:
What is economic nexus?
What is physical nexus?
What triggers economic nexus?
What triggers physical nexus?
What do I do if I discover I had physical nexus years ago?
Can I have physical nexus and not economic nexus?
Can I have economic nexus and not physical nexus?
If you are unsure of your nexus, now is the time to find out. Schedule your Free “What’s Next?” call HERE