E-COM Sales Tax

Understanding Nexus? Check... Understanding Taxability? Let's Talk About That.

June 14, 2019
E-COM Sales Tax
Understanding Nexus? Check... Understanding Taxability? Let's Talk About That.
Chapters
E-COM Sales Tax
Understanding Nexus? Check... Understanding Taxability? Let's Talk About That.
Jun 14, 2019
Andrew H. Johnson, CPA and Daniel M. Peisner, CMI, Jason Parr
Have nexus? We need to talk about what happens NEXT.
Show Notes

Once you have determined that you have nexus and where you have nexus we need to talk about what happens NEXT. Before you start registering anywhere and everywhere, you need to determine the taxability of your products or services. It can be as simple as saying all your products are taxable or as complicated as you could possibly imagine.


Additional questions answered: 

  • How to tax or what to tax?  What is the right tax rate? What's taxable?
  • Do a lot of e-commerce sellers who sell items that are tangible property want to know how to tax the items?
  • How do e-commerce platforms work? Do they set the tax automatically or the sellers should put it themselves? How to manage different tax rates in different states?
  • Who should collect the tax: platforms or seller? Which items are taxable or nontaxable in different states? Do they need to report the tax?
  • What happens when you over collect the tax or you are under collecting it? How is the penalty provided?
  • Does applying codes for the type of item that is selling make things easier or not?
  • If some items are not taxable in some states, do you need to register your business in the state where the item is not taxable?

Got some worries? Feel free to reach out to me at [email protected]

Learn more at our newest webinar, "Nexus and What to do NEXT." Register Here.



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