- Sales and use tax compliance can be difficult due to varying regulations by state and jurisdiction
- Sales tax is a tax imposed on the sale of goods and services, collected by the seller and remitted to the government
- Use tax is imposed on goods and services where sales tax was not paid, paid directly by the consumer
- Registration and remittance requirements vary by state, based on physical or economic nexus
- Solutions are available for businesses that did not register when they had nexus
- Taxability of products and services varies by state, with exemptions and exclusions existing
Source: taxconnections.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
