If you make sales into states where you don’t collect sales tax, you’re at risk of being out of compliance. Most states now require out-of-state sellers with a certain amount of sales in the state to register to collect and remit sales tax. This is economic nexus.
Our tax expert partner Avalara has developed a free sales tax risk assessment tool that tells you where your business may have triggered economic nexus. The assessment will ask you to answer:
- Where do you currently collect and remit sales tax?
- Where do you make sales but not collect sales tax?
- Roughly how much do you sell in states where you don’t collect?
After taking the assessment, you’ll get a customized PDF featuring a list of states where you likely have economic nexus, along with details about each state’s economic nexus threshold. Further, you can also take advantage of a free consultation to help you understand your company’s potential economic nexus risk in each state and cost-effective steps you can take to improve compliance.
Interested? Complete your assessment today:
