Nexus

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 we have found is that Physical Nexus often goes overlooked. Physical nexus was established decades ago and still remains relevant. What we see happening is businesses are hitting economic nexus thresholds but had physical nexus years ago and should have registered for sales tax back then. Today we talk about just that.

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3 Years Later: What Has Happened Since the Wayfair vs South Dakota Supreme Court Decision?

It has been 3 years since the Wayfair Vs South Dakota decision was made in the Supreme Court. Since then states have been rushing to implement economic nexus and marketplace facilitator tax laws to capture sales tax revenue from remote sellers. Today I invited Paul Johnson our VP of Operations to talk about Missouri finalizing their economic nexus and marketplace facilitator tax laws and other changes states have made over the last few years.

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Do You Know Your Sales Tax Nexus?

Because of economic nexus physical nexus often gets overlooked or even forgotten. With the pandemic a lot of businesses have allowed their employees to work remotely. Also, with todays technology, remote working is here to stay and will only become more popular in the future. This will trigger companies to have physical nexus and will require them to get registered for sales tax wherever they have employees. I invited Jason, Paul, and Danny to talk about this and more.

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Kansas Has Finally Enacted Marketplace Facilitator Tax Laws! Here is What You Need To Know

There were only a few states that were holding out from enacting any marketplace place facilitator tax laws one of them was Kansas. I gathered Jason Parr, Paul Johnson, and Danny Wright to chat about what this all means.

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Louisiana Breaks Out Their Marketplace Facilitator Tax Laws.

Most states already have marketplace facilitator tax laws with only a handful of states that haven’t quite rolled them out. One of those states was Louisiana. I asked Paul Johnson our VP of operations to join me to talk about Louisiana’s new marketplace facilitator tax laws and economic nexus thresholds.

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What You Need To Know About Income Tax Nexus

The Wayfair and Supreme Court decision that was made back in 2018 has caused 1000s of businesses to have sales tax nexus and have the obligation to get registered. Another repercussion that is often not addressed is that getting registered in some of these states could also trigger income tax nexus. You could possibly be responsible for remitting income tax as well. I recruited Dan Peisner, CMI to address this issue and to answer all of the questions that we have encountered.

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Sales Tax Nexus and What To Do Next

One of the most frequently asked questions we get is, “I have a business where I have sales in multiple states but I am not sure where I should be collecting sales tax.” I completely understand, especially when so much of the information online can be confusing or contradicting. I invited Dan Peisner back with me to answer this question and talk about what is you need to do NEXT.

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Wednesday’s Nexus Tip #1

Today’s tip is all about economic nexus and physical nexus and deciding which applies to you. I frequently get questions around the lines of, “now that economic nexus is a thing do I need to even consider checking whether or not I have physical nexus?” Short answer “HECK YES IT DOES!”

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Sales Tax and Trade Shows

We recently attended the Silicon Slopes Tech Summit in Salt Lake City. As I walked around and checked out all the different booths, and the cool Arcade setup where they had a Super Smash Brothers tournament, I wondered about sales tax. I spoke with as many people as I could to discover what their company does. I would then ask them about sales tax, and of course they weren’t sure what they did for sales tax. I don’t blame them, they aren’t the ones in charge of the sales tax in their business. I wondered though, what the sales tax nexus implications were for being an exhibitor at a trade show. This is what I learned.

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Marketplace Facilitators and How They Affect Your Business

Marketplace Facilitator Laws have been around for a few years and I can’t say that it’s any less confusing now. I get a lot of questions, and have many conversations, about marketplace facilitator laws, and sometimes I get confused myself. We live in the age of information, thanks to the internet, and all this information can get complicated. I hope that in today’s episode I can make things less confusing.

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