MyCorp FAQs: Does my Online Business Have to Collect Sales Tax?

All businesses pay a federal income tax, whether its as its own entity or through the income tax of the owner. But, sales tax is a completely different story. Sales tax is determined by each individual state and the requirements for multiple state businesses are often complicated. sales taxThose requirements get further complex when you are an online business as you may not have any physical presence in the state itself. Whether or not your online business has to pay sales tax all depends on the states’ definition of one word: nexus.

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3 Tips to Keep in Mind For Sales Tax Compliance

This post is brought to you by our partners at TaxJar – an online tool built to make sales tax filing easier for online sellers.

Running your own online business is tough enough. Staying compliant with state sales tax laws makes things even tougher. These days online sellers are branching out, selling on multiple platforms like eBay, Amazon, Etsy, and Shopify in addition to their own websites. At the same time, states are changing sales tax laws so that more online sellers will be required to collect and remit sales tax.  That’s resulting in more and more businesses having to pay sales tax to multiple states.

Before you’re head starts spinning, here are some simple tips to keep in mind when it comes to sales tax compliance and your online business.
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