Seeing green: States learn the importance of sales tax
Economic nexus is now pretty much the law of the land for all states with a statewide sales tax....
Voluntary Disclosure Agreements (VDA's) can be an effective tool in mitigating prior period sales tax exposure. The following steps and factors should be part of any decision to pursue a VDA:
Determine Sales Tax Nexus
Review Taxability of Products and Services
Estimate the Amount of Sales Tax Exposure
Evaluate Mitigation Options
Understand the Benefits of an Anonymous Filing
Economic nexus is now pretty much the law of the land for all states with a statewide sales tax....