Nexus Sales Tax
Nexus Sales Tax laws require out-of-state businesses to record, collect, and remit taxes on taxable sales to customers in the state. A business must still follow the rules, even without a physical presence in the state. The laws are based on the company’s financial activities, such as the number of sales made or the number of transactions completed within the state.
Economic nexus laws were introduced to allow states to generate revenue from distance selling, which has grown significantly in recent years. Laws may vary from state to state and include the number of sales or transactions made within the state before a business is registered. For example, a state may require companies to register if they have more than $100,000 in annual sales or complete more than 200 transactions within the state.
Knowing when to register is essential to avoid fines and protect your brand and profits by working with a company that understands and can handle all your sales tax registrations and transactions. They can also help you calculate the economic threshold you’re crossing in each state.
Contact Davis Davis & Harmon for all of your sales tax needs.
About Davis Davis & Harmon LLC – Sales Tax Experts: Headquartered in Dallas, Texas, Davis Davis & Harmon LLC – Sales Tax Experts specializes in sales/use tax refund recovery and audit defense. Our team of consultants is comprised of former Big 4 sales tax consultants and state sales tax auditors. Each of our consultants has 15 to 20 years of experience, providing our clients with access to a highly specialized team of sales/use tax professionals. At Davis Davis & Harmon, LLC, we are committed to maintaining the highest standards in our talent pool. We work hard to meet our clients’ needs by ensuring that you view our firm as an extension of your company and a member of your team.
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