- Learn about U.S. sales tax obligations and how to manage them in an upcoming webinar by Avalara. Nexus is the connection between a business and a U.S. state that triggers an obligation for the business to register, collect, and remit U.S. sales tax.
- Nexus obligations can be established physically or economically.
- If a business unknowingly establishes nexus, they can minimize risk with a voluntary disclosure agreement (VDA) designed to reduce penalties for unremitted taxes.
- To successfully manage U.S. sales tax compliance, businesses should research tax rules, register promptly, use effective tax calculation software, track exemptions, and remit the correct amount of collected taxes on time.
- Automation and digital solutions like Avalara AvaTax can help identify tax obligations and stay compliant.
- A sales tax risk assessment can also estimate U.S. sales tax obligations by location.
Source Avalara
