{"id":5944,"date":"2024-01-31T13:01:23","date_gmt":"2024-01-31T18:01:23","guid":{"rendered":"https:\/\/www.incsight.net\/?p=5944"},"modified":"2026-07-08T16:58:23","modified_gmt":"2026-07-08T21:58:23","slug":"sales-tax-simplified-3-key-questions-to-unravel-your-small-business-tax-obligations","status":"publish","type":"post","link":"https:\/\/www.incsight.net\/blog\/2024\/01\/31\/sales-tax-simplified-3-key-questions-to-unravel-your-small-business-tax-obligations\/","title":{"rendered":"Sales Tax Simplified: 3 Key Questions to Unravel Your Small Business Tax Obligations"},"content":{"rendered":"
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Sales Tax \u2013 Those two words may have just given you anxiety.\u00a0<\/p>\n

There are\u00a0three critical components\u00a0and questions to ask when it comes to sales tax.<\/p>\n

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  1. Do you have nexus?<\/li>\n
  2. Is what you sell or provide taxable?<\/li>\n
  3. How do you sell your product or service?<\/li>\n<\/ol>\n

    Getting your clients compliant with every state sales tax law is a complex task, but these three questions will give you a better picture of your client\u2019s tax liability.<\/p>\n

    Getting compliant with every single state law can be complex but these questions will give you a much better idea of your tax liability. Lets dive into those questions!<\/p>\n<\/div><\/div>\n\n

    What Is Sales Tax Nexus?<\/h1>\n

    There are two important types of nexus to be concerned about: Physical Nexus and Economic Nexus.<\/p>\n

    Nexus Definition:\u00a0<\/strong>The qualifying criteria for a seller to be required to collect and pay taxes on sales in a state.<\/p>\n