Understanding Economic Nexus
Knowing where your company has nexus is an integral part of your sales tax compliance strategy because nexus dictates where your business is required to collect and remit tax. There are a lot of business activities that can cause your business to have nexus, but one is getting a lot of attention from states right now because it was at the forefront of the Supreme Court of the United States (SCOTUS) case South Dakota v. Wayfair, Inc.
As nexus laws continue to evolve, it is important to monitor these changes and how they may impact your business.
In this whitepaper we’ll cover:
- The concept of sales tax nexus
- How the South Dakota VS. Wayfair Inc. case relates to economic nexus
- States with economics nexus laws
- State-by-state economic nexus thresholds and transaction triggers