Missouri Inches Toward Economic Nexus
A bill to enact economic nexus requirements – creating a sales and use tax obligation on remote...
Expansion into new states, changing tax laws, new product launches, and acquisitions make taxability decisions challenging. There are over 10,000 taxing jurisdictions and many have their own unique set of rules and interpretations. Not taxing a product or service appropriately could lead to significant exposure over time.
Take the following example:
An additional penalty and interest assessment would take the total exposure to close to $40,000. That’s a tough number for almost any business to cough up.
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