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Cookies, clicks and Wayfair: Why economic nexus started

TaxConnex

vs. North Dakota decision and decreed that physical presence in the internet age is no longer required to create nexus. Wayfair, Inc. et al that an out-of-state seller could establish nexus through economic e-commerce activity alone. In the case, SCOTUS actually overturned its 1992 Quill Corp.

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Transaction Thresholds: Vanishing Acts?

TaxConnex

A matter of numbers South Dakota – center of the Wayfair decision – recently eliminated its 200-transaction threshold; only those selling $100,000 or more into the state will be required to register, collect and remit sales tax. Thirteen economic-nexus states never had such thresholds.)

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More money available for Low-Income Taxpayer Clinics

Accounting Today

The IRS is particularly interested in applications covering Hawaii, Kansas, Nevada, North Dakota, South Dakota, West Virginia and Puerto Rico.

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How to register for states’ sales tax

TaxConnex

Some states do want security deposits (“bonds” in North Dakota ). Sales tax registration is usually free or remarkably cheap ( Arizona seems to like the amount $12) though Connecticut charges $100.

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Sales Tax Compliance - There Is No EASY Button

TaxConnex

Sales tax automation has come a long way since the Quill vs. North Dakota case in 1992. Now, even the smallest multi-state businesses and startups have access to sales tax automation options that lower costs and ease the burden of compliance.

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The Best States for Minority Entrepreneurs

CPA Practice

Wyoming, South Dakota, North Dakota, New Hampshire, Montana, Maine, Utah, Kansas, Minnesota, Maryland, Idaho, Oregon, Colorado, Missouri, Nebraska, Florida, Ohio, Wisconsin, and Massachusetts also made the list.

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States ease nexus thresholds

TaxConnex

As of July 1, South Dakota is removing the 200-transaction threshold; only those selling $100,000 or more into the state will be required to register and collect and remit sales tax. South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds.