salestax

5 Sales Tax Myths Online Sellers Need to Bust

Oodles of myths and misconceptions swirl around sales tax. Even the savviest online sellers can get confused about sales tax for a number of reasons. For one, sales tax is governed by the state level and every state is different. Also, sales tax guidance is often written in legalese and jargon that no busy business owner has time to decipher!

We dispel these myths and misconceptions every day at TaxJar, so I thought I would share the most prevalent of them with you here. (more…)

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How to Wrangle Sales Tax When You Sell on Multiple Channels

It’s easier than ever these days for online sellers to sell products on multiple shopping carts and online marketplaces. But multichannel selling does add complexity to a business, and one administrative task that suffers is sales tax.

While I’m not saying sales tax is every simple, when you only sell on one channel you only have one report to pull and one set of numbers to wrangle into manageability. When you multiply that report, things start to get tricky. (more…)

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5 Things You Might Not Know about Sales Tax

The old saying goes that “Nobody is boring once you get to know them.” But can the same be true for a concept like sales tax? Nothing can make a little percentage tacked onto the sale of a product interesting, can it?

We here at TaxJar live and breathe sales tax and we beg to differ! These 5 things you might not know about sales tax are guaranteed to amuse and delight. (Or at least to give you a new understanding of this much maligned administrative task!) (more…)

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Navigating July’s Sales Tax Perfect Storm

Florida BeachSummer is here and with it comes summer storms – of the meteorological kind and the business administration kind. We’re talking about sales tax. If you sell products, then July is most likely a busy time for you and your sales tax filing duties!

But never fear, at TaxJar we have your back when it comes to handling all the vagaries of sales tax. Here’s what you need to know to navigate July’s sales tax perfect storm. (more…)

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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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Mo’ Money, Mo’ Problems: Sales Tax Edition

Your eCommerce store is growing! That’s a good thing, right?

Well, for the most part, darn right it is. But as you’ve probably noticed, as your little online store grows up, so does the complexity of running it behind-the-scenes.  And one of the most complex aspects of running a thriving online store is dealing with sales tax.Wallet

Today we’ll help you pinpoint some of the more onerous aspects of handling sales tax compliance in your growing eCommerce store, and what you can do to put a lid on sales tax.

Problem: You have sales tax nexus in multiple states

Let’s say that when you started your business you lived in and ran everything about your business – sales, fulfillment, customer service – out of your garage in California. Sales tax in this instance is simple. You have sales tax nexus in California and must collect sales tax from buyers in California. If you sell to a buyer in another state where you don’t have any significant connection, like Virginia, then you don’t collect sales tax. Simple, right? (more…)

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How to Forget About Sales Tax (And Get Away with It)

Guess what? You have sales taxes due soon. Did you forget? It’s hard to blame you – it’s been a year since you last paid!shutterstock_107632895

Did that intro cause you to freak out a little? That means you’re one of the lucky business owners who only have to worry about sales tax on an annual basis. On the other hand, only having to deal with sales tax once a year has its downsides. Often this means you simply forget what to do when sales tax time rolls around. (more…)

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Never Miss Another Sales Tax Due Date!

Never Miss Another Sales Tax Due Date!Guess what? You owe sales tax to at least one state this month.

Did that get your heart going? Then you’re like business owners all over the country trying to get sales tax under control but struggling to do so. It’s one of the most annoying aspects about doing business these days, particularly for eCommerce businesses.

Why? Because so many states are trying to get as much money as they can, including from online business owners who sell taxable goods to customers in their state. Do you have an employee in one state? You likely have sales tax nexus there. Do you store your inventory in a warehouse in another state? Then you’re likely required to collect sales tax in that state, too.

Some states want your payments monthly. Some want them quarterly. Some even just annually. But if you’re paying sales tax to a bunch of states, how are you supposed to keep up with all these due dates?

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Which States Are The Best To Live In When It Comes To Taxes?

Although federal taxes are not dependent upon where you live in the United States, there are some drastic differences between how states collect taxes from their citizens – considering the different rates they tax for income, property, luxury goods, and even common necessities such as food and clothing. If you have flexibility about where you live, perhaps it is worth it to move to a state with lower taxation rates in categories that apply to you and your family.

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