Sales Tax Nexus Checklist: What Growing Businesses Should Ask a CPA
· Business Finance · 1 min read
Growth creates multi-state tax exposure quietly. Run a nexus checklist before notices force the issue.
Review
- States near threshold
- Marketplace vs direct sales duties
- Registration and filing calendar
Compare firms in city directories or near you.
Frequently Asked Questions
- What is economic nexus?
- Many states tax remote sellers above sales/transaction thresholds even without a physical office. Thresholds differ by state.
- Do marketplaces collect for me?
- Sometimes. Ask which channels are facilitator-collected vs your direct responsibility.
- How often should nexus be reviewed?
- At least annually, and after launching into new states or sales channels.