Many businesses that sell remotely – whether it's tangible property or digital goods – are seeing increased demand as a result of the current crisis. Many others will see a return to growth as the economy recovers from the disruption. Now is the time to make sure you're prepared for growth, and that includes addressing the changed sales tax landscape.
Think sales tax is all about economic nexus? Think again. Besides establishing a variety of requirements for out-of-state businesses to collect and remit sales tax, an increasing number of states have continued to expand their definitions of nexus since the Supreme Court's South Dakota v. Wayfair ruling in June 2018.
Figuring out nexus is a top priority for finance leaders, especially in companies that are undergoing growth and for which sales tax represents a significant portion of their tax liabilities. In addition to the number and dollar amount of out-of-state transactions, finance leaders also need to factor in other considerations, such as whether employees telecommute or attend trade shows, when determining where companies have sales tax obligations. During this webinar, we'll highlight nexus triggers that finance leaders cannot afford to overlook, and we'll reveal how finance leaders can streamline compliance with an ever-changing patchwork of sales tax nexus laws. By attending this webinar, you will learn: