When it comes to sales tax, remember this. You don’t pay it, your customers do. But if you are not sales tax compliant and you find yourself in an audit, you’re responsible for any back taxes you owe.
Several states – including Texas – are outsourcing sales tax audit services to contractors who earn a commission on the amount of tax you owe. They’re sharks eager to track down every dime of sales tax you may have missed. Even if you’re just a small operation minding your own business.
You shouldn’t be. The end-user is responsible for this tax. If you’re audited, you’d owe this sales tax to the State – for a second time! We’ve saved many clients from making this mistake.
Storing your products in Amazon’s warehouses creates a potential Nexus with that state, which makes your customers responsible for paying sales tax. But each jurisdiction has its own limitations, so why not automate this and let the software decide for you. We’ll identify who to collect sales tax from so you’re not the one getting audited and owing the bill from your own pocket.
Many jurisdictions are beginning to collect a lot more sales tax revenue by taxing digital purchases. We will help you nail down exactly what your customers owe and protect you from pesky sales tax audits down the road.
You are affected by Wayfair if you sell any of the following online:
SAAS (Software-as-a-service) and hosting services
Digital movies, games and photography
Installation of Hardware
Software Maintenance Contracts
Web Development or Web Maintenance Contracts
And potentially much more…
Use your marketplace data to determine your Nexus status
Identify dangerous gaps in your sales tax compliancy
Walk you through registering, collecting, filing, and remitting taxes each month