A business’s taxes can be difficult to manage, especially in the United States. Tax laws are complicated and vary state-to-state, city-to-city, and product-to-product, further adding to the complexity.
When merchants start their businesses or as their businesses grow, it’s a challenge to figure out when they’re liable for sales tax—or when they have nexus. In 2018, the U.S. Supreme Court overturned a longstanding law that only required retailers to collect and remit sales tax if they had a physical presence in a state. Now, most states require out-of-state businesses to collect sales tax if they hit certain thresholds.
Shopify Tax provides state-level tax information to each merchant within their store’s admin page, and informs them when they become liable, or are approaching liability, to collect sales taxes in each state they have sales. It ultimately saves time worrying about taxes and audits so merchants can focus on growing their businesses.
Since we launched the Tax Insights feature as part of Shopify Tax, it has helped merchants stay more on top of their tax compliance than ever before.
To continue reading this article, click here.
You must be logged in to post a comment.
Tell us about your business so we can show you how TaxCloud can help.
Via an easy and quick setup process, TaxCloud we become what we behold may interact with your Shopify store in a seamless manner.
I totally like your gave limits as the post you passed on has some uncommon information which is totally essential for me.
Nexus Iceland