Remove blog- understanding-sales-tax-exemptions-and-exclusions
article thumbnail

5 Steps to Tracking Your Economic Nexus Footprint

TaxConnex

Your sales tax obligations start with whether or not you have sales tax nexus. Without it, you have no obligation to collect and remit sales tax to specific taxing states or jurisdictions. Your sales tax nexus is determined by either a physical or economic presence within a taxing jurisdiction.

article thumbnail

Taking a Look at Sales Tax Exemptions and Why They're Important

TaxConnex

Taking advantage of sales and use tax exemptions can save your business money and headaches. But exemptions can be harder to secure in some states than in others. The presumption is that all sales of tangible personal property are taxable without specific and enumerated exemptions.

Sales 165
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sales tax vs. use tax: the differences

ThomsonReuters

Jump to: What is sales tax? What is use tax? Sales tax vs. use tax Summary Calculating, collecting, and reporting sales tax and use tax can get complicated as a business grows, and it can be easy to confuse these two types of indirect taxes. What is sales tax?

Tax 97
article thumbnail

Understanding Sales Tax Exemptions and Exclusions

TaxConnex

Every state can apply tax exclusions on goods and services within their state. However, there are further tax-exempt purchases. Tax exemptions can also be applied at the customer level as opposed to the product level. Exemption certificates generally fall into two categories: 1. Use-based exemptions.

Sales 224