- Mid-year is ideal for a sales tax review to ensure compliance and success.
- Retailers face compliance challenges from July, including busy filing months and shopping holidays.
- Businesses should assess sales tax obligations and nexus in states.
- Nexus can be physical or economic, requiring tax collection based on presence or thresholds.
- Review sales in each state to determine where to collect sales tax.
- Register for sales tax permits if nexus is established in a new state.
- Sales tax registration can be done online or with professional help.
- Evaluate exemption certificates for validity and expiration.
Source: taxjar.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.
