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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Q is for Foreign Qualifications

We’re onto one of the trickier letters of the alphabet today in our ABC’s of small business segment, but it couldn’t be paired better than with the foreign qualification which answers the question of what a small business should do if they want to legally operate their business in a state that may not be the same one they created the formation in.

Foreign qualifications break down a little like this. If a business wants to operate outside of the state that they formed a formation with, they need to register their business as a foreign corporation in order to obtain that kind of authority. And in many cases, this is a requirement, especially if your company expects to transact business outside of the state lines that they were formed in.
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