Helping you “start with nexus”
At Peisner, we always say to our clients: “Start with Nexus.” But what is nexus and why is it important to you and your business? Let’s break it down.
Before the U.S. Supreme Court's 2018 decision in South Dakota v. Wayfair, your business had to have a physical presence in a state for that state to have authority to tax your business. But times have changed! Now each state has passed individual laws which establish a relationship threshhold or a ‘nexus’ at which your business is now taxable by said state. This relationship threshhold can be established two different ways.
Physical nexus: Anything that gives your business a physical presence in a state – locations, employees, contractors, inventory, etc.
Economic nexus: The thresholds that must be met for remote sellers to be required to collect and remit sales tax. These thresholds are usually revenue or transactions (or both)
But with 50 different states... Who all pass different nexus laws... Who’s got time to keep up with these ever-changing nexus requirements? Don’t worry! We know taxes can get stressful. Just. Breathe. We’ve put together a simple calculator to help you understand if you have nexus in a given state or not. Check out our calculator below to get some straightforward answers to your questions about nexus.
And if you really don’t want to worry about sales taxes ever again... It just so happens that we love sales taxes! And our sales tax return service provides you with everything you and your business needs so you never have to worry about your sales tax liability ever again. We’ve got you coverred.