Understanding sales tax permits
You’ve learned what states you have nexus in and you know where your products/services are taxable....
Whether you're already doing business in several states or you're just getting started, our sales tax Advisory Services cover all of the bases. From determining where your business activities have triggered nexus, to helping you understand the taxability of your products/services and even helping you navigate voluntary disclosure agreements when you've discovered previous non-compliance, we've got you covered.
Determine where you have an obligation to collect sales tax
Identify which revenue streams are subject to sales tax collection
Mitigate your risk and report back taxes
Let us conduct a pre-audit to determine potential issues or manage a current audit process
We are sales tax experts. There are no 1-800 numbers. When you work with TaxConnex, you are working with a trained accountant with many years of experience.
We provide each of our clients with a dedicated practitioner who becomes a part of their team, acting as their outsourced sales tax department.
When it comes to compliance, one size does not fit all. We understand each business operates differently and can adjust to what best meets your needs.
Nexus is the connection you have between a state or local taxing jurisdiction. Without nexus, you have no sales tax obligation. Nexus is determined by either a physical or economic presence. Tracking it isn’t always easy though.
Ever since economic nexus was enacted in 2018, states have been changing their thresholds. When you work with TaxConnex, we can help you identify where you have nexus and help you monitor your footprint going forward.
Once you’ve determined nexus, you need to determine if your products and/or services are taxable. For some, this is an easy answer. But for many industries, the answer is not so straightforward. Just like with nexus, states differ in their taxability laws.
TaxConnex can perform a taxability review to help you understand where your products or services are taxable and help you manage this as your business grows (expansion into new states, changing laws, new product launches and mergers or acquisitions).
If you haven’t been collecting and remitting sales tax but have a responsibility to do so, it’s very possible you’ve developed some prior period exposure. The longer you’ve neglected your obligation, the larger the amount owed (and penalties and fees) will be. But, there are options.
TaxConnex can help you calculate your prior period exposure and guide you to make the right decision in how to mitigate your exposure and create a process to move forward in compliance.
You’ve determined you have nexus in multiple states, and understand the taxability of your products and services, now what? There are multiple other factors to consider when establishing a compliance process within your business.
Our sales tax compliance and consulting services are delivered through our network of highly skilled Practitioners. You will be given a dedicated resource that is tuned-in to your business and flexible to meet your unique requirements. We won’t force you into a vanilla, standard process.
"TaxConnex Team Members involved themselves in our business to get a true understanding of the nuances of our industry, and they provided a key contact who feels like an extension of our staff."
“The main value I see from TaxConnex, is peace of mind with managing our sales tax obligations and knowing we have best-in-class processes in place to show the various states and jurisdictions that we want to be compliant."