an introduction to sales tax compliance

An Introduction to Modern Sales Tax Compliance

Small businesses have a need to understand sales tax compliance - it’s the law

The landscape of sales tax compliance is changing.

Steep increase in online buying and selling.

Sharp decline in state sales tax revenue.

Increased investment in state tax auditors.

Rise of distributed fulfillment services.

States are struggling to collect sales tax revenue

Attempts to enforce sales tax laws can be...

1. Costly

2. Time consuming

3. Politically risky

4. Difficult to succeed

In many cases, online sellers are confused

For business owners, sales tax compliance can be...

1. Time consuming

2. Frustrating

3. Inconsistent

4. A major distraction

Where does a small business owner begin?

First, understand the risk of not being compliant

Less risk

More risk

The basic steps to sales tax compliance.

1. Identify the states in which you have triggered nexus.

2. Register with the tax authority in each of those states.

3. Turn on tax collection in those states.

4. File returns and remit collected sales tax on time.

Technology offers a new path

Software can make sales tax filing quick and easy

Prepare and file sales tax returns in just minutes

Upload data... ...prepare returns... ...file returns.

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Making sales tax less taxing.