- Misclassifying promotions or bundled products can lead to incorrect tax charges, especially with complex deals and varying state rules.
- Not collecting sales tax in newly triggered states due to increased sales volume can result in non-compliance.
- Forgetting to apply tax to shipping charges is a common oversight.
- Overlooking the taxability of SaaS or digital products can cause errors, as rules differ by state.
- Failing to securely store and manage exemption certificates can expose your business to risk during audits.
Source: trykintsugi.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.
Latest Posts in "United States"
- Most New Jersey Voters Strongly Oppose Expanding or Raising State Sales Tax, Poll Finds
- Instantly Find California Sales and Use Tax Rates with CDTFA’s Tax Rate Map
- Indiana Ruling Denies Tax Exemption for Fulfillment Company
- Tennessee Issues Retail Accountability Program Manual to Ensure Proper Sales Tax Payment
- Navigating Sales Tax Nexus and Taxability: Avoiding Hidden Risks in Business Expansion
