Sales and Use Tax Accounting Help

Are sales subject to the Sales or Use tax? Is your business responsible for this tax? What is the economic nexus in states where you sell goods? These are good questions that you, as a business owner, would need to ask before starting a business.

Sales tax regulation is complex and varies for each state. Every state with a sales tax law in the United States has a sale or use tax component applying to purchases from out-of-state mail orders, catalogs, and e-commerce vendors, also known as "remote sales." As e-commerce sales have grown recently, noncompliance with use tax has increased dramatically.

Different software providers are available on the market that would help automate Sales and Use tax calculations and filing processes. They provide a real-time tax rate from multiple tax jurisdictions based on current tax regulations, assist in registering your business with states, help collect and pay sales and use taxes, and monitor compliance with state regulations.

However, you still need assistance to help set up your sales tax accounts, correctly set sales tax returns with software providers, follow up on multiple questions with compliance teams and state representatives, and help with all other related questions. All these require your valuable time and some knowledge of tax and accounting regulations.

Our team offers the service to assist you with all the processes mentioned above.

In addition, we can help evaluate your business activity to confirm if your business meets economic nexus requirements in the state. Our professional team helps to communicate with sales tax software providers, assists in correctly setting up accounts with states and providers, and supports your business with any questions related to sales tax compliance or other accounting needs.