For any company with multi-state activities – the most important sales tax issue today is NEXUS. Whether you are trying to understand your company’s sales tax obligations – or the issue of Amazon Tax – it all comes down to nexus.
Portland, OR (PRWEB) July 31, 2012
Businesses may not realize the sales tax implications of doing business online or across state lines. To address the issue, sales tax information web-site SalesTaxSupport.com announced that Jeff Meigs, a Partner at TaxConnex LLC, is offering his insights. Meigs will become a new “Sales Tax Nexus” contributor to the “Sales Tax Issues, Insights & Ideas” blog. The Site’s multi-contributor blog enables small-medium business users to learn about timely sales-use tax issues. Companies may participate in discussions with the leading sales tax specialists featured on the blog.
Join in on the conversation with Jeff Meigs and other leading sales tax specialists here:
“Sales tax nexus used to be a pretty straight-forward concept for businesses with multi-state activities. If you had an office or a manufacturing plant in a particular tax jurisdiction – you most likely had nexus there. However, as states broaden sales tax nexus definitions, even on-line sales and trade show attendance can cause nexus concerns,” says Susan Jaeger, Sales Tax Support’s publisher. SalesTaxSupport.com enables companies to participate in nexus discussions with leading sales tax specialists, like Jeff Meigs of TaxConnex.
While sales tax nexus has always been an important taxation issue, these days it’s a particular challenge. State and local tax jurisdictions nationwide have attempted to broaden their nexus definitions in order to address revenue shortfalls. A business that has "nexus" (or presence) in a state can be subject to state income taxes and to sales taxes for sales within that state. This results in more businesses collecting and submitting sales (or use) taxes, and that (in theory) translates into more incoming revenue. Many states are also looking at the “Amazon Tax” issue - or an effort to collect taxes from on-line businesses that are active in their state - even if the business doesn’t have a physical location or staff there.
While it’s easy to understand the states’ motivation behind the expanding nexus discussion, following and understanding changing sales tax issues is challenging for companies with multi-state activities. “For any company with multi-state activities – the most important sales tax issue today is NEXUS. Whether you are trying to understand your company’s sales tax obligations – or the issue of Amazon Tax – it all comes down to nexus,” added Jaeger.
SalesTaxSupport.com has brought on Jeff Meigs, a Partner at TaxConnex to assist. He explains his motivation for participating on SalesTaxSupport.com’s Sale Tax Nexus Blog. “I think of myself as a sales tax consultant first and foremost, so this feels like a great opportunity for me. I love talking with people about sales tax issues that affect their business, especially the changes in sales tax nexus laws. This forum will allow me to communicate with and interact with many people at a time. I like that idea and am really looking forward to sharing my opinions and hearing back from the sales tax community.”
SalesTaxSupport.com (published by STS Publishing LLC) is a free information website where small-medium businesses can find sales tax information, as well as a broad range of resources from recognized sales tax solution and service providers. Visit the Sales Tax Support website at salestaxsupport.com/ or call 1-888-344-3944 for more information.
TaxConnex is a leading independent sales and use tax outsourcing and consulting firm. Using a team of experienced tax and accounting professionals, TaxConnex provides sales tax outsourcing and sales tax consulting to businesses of all sizes with a focus on technology companies, small and mid-sized businesses, and VoIP providers. Visit the TaxConnex website at taxconnex.com or call 1-877-893-5304 (x708) for more information.