Additional Sales Tax Services
U.S. Virtual Address Services
When you register for sales tax permits that will unleash an overwhelming bucket of mail from every state, including PINs, Codes, and your actual permits. Our virtual address and mail services (includes scanning or organizing your permits for you) will help simplify the mail onslaught.
Sales Tax Nexus Analysis
In order to get into compliance with sales tax, you first must determine which states and when you first had nexus. Once you determine these two factors, you can move forward with your sales tax registrations.
The challenge is overpaying for sales tax by not using a correct starting date on your registrations or underpaying and subjecting your business to a 50% fraud penalty – or worse, Florida considers it a 3rd-degree felony.
The next challenge is determining when you first triggered sales tax nexus within a state. Since the 2018 U.S. Supreme Court Case, Wayfair vs. South Dakota, there are new economic nexus states where you must track both transactions and sales in each state to determine when you first had nexus.
Moreover, you also must track the states where the marketplace facilitator will collect and remit on behalf of the seller (on platforms including Amazon, Walmart, eBay, Esty and others).
If you are not selling on a marketplace facilitator platform, Shopify for example, you will need to track all 44 states and DC as to when you pass the economic thresholds. Keep in mind, 26 states have transaction thresholds of 200 transactions OR $100K in sales or more.
Finally, some states have special requirements known as a “remote seller notice and reporting.” These requirements have late fees up to $20,000.
A Sales Tax Nexus Study is designed to identify where and when your business has triggered nexus activities within a state.
In the end, you will be clear on which states you have nexus and, more importantly, the start date in which your business has triggered nexus in a state. Reach out to our team for details on current pricing.
FEIN/Tax ID Services
Foreign sellers will require an FEIN/Tax ID number from the IRS before sales tax registrations. Don’t risk this important step by doing this on your own with the IRS. Mistakes will lead to unnecessary costs and expenses down the road, and you don’t want to mess with the IRS. Learn more at this link about our EIN services for foreign.
U.S. Entity Formation Services
Are you a foreign seller looking to start a U.S. company or a U.S. seller looking to form a new LLC or Corporation before you register for sales tax permits? Our sales tax services include over 22 years of experience with U.S. entity formations. Here is our recommended resource for e-commerce entity formations.
Our Sales Tax System clients have access to our vetted partners in the areas of U.S. taxes, immigration, legal contracts, trademarks, and others. Professional fees are separate.
Tax Professionals Partnership Program
Looking for a partner to file permits on behalf of your clients? Contact us for our partnership program