Sales Tax Nexus
Sales Tax Nexus Page
Determining Your Tax Nexus
Economic nexus is when a seller must collect sales tax in a state because they earn above a sales or revenue threshold in that specific state. Economic nexus is most common for out-of-state sellers.
A company may be required to collect and remit sales tax but not be required to pay income taxes. However, many states have adopted Economic Presence Nexus which will force companies to pay income taxes.
Questions To Ask
What states are you collecting revenue in?
Has your company registered for sales tax?
How were the registration forms completed?
Where do you have employees and/or consultants?
Where do you have physical property?
Now you understand what nexus is, how do we get involved?
First Four States
$750
- 2-3 Discovery meetings with our Sr. tax advisors to determine your economic nexus & long-term business strategy
- Working with your accounting team to extract transactional sales and payroll data
- Reconcile and review the data with you by state to confirm accuracy
- Management presentation and supporting documentation
Each Additional State
$250
- Capital Raising Support
- 409a Valuations
- M&A Transaction Advisory
- Strategic Marketing
- Employee Compensation Framework
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that serves Founders and Management Teams with