This post is part of a series of articles released by partner and accounting firm LB Carlson. For those looking for guidance navigating PPP loans, taxes, succession planning or profitability maximization, consider reaching out directly to LB Carlson for print industry specific guidance.
Refresh yourself on the sales tax nexus requirements when selling goods out of state in this recently-published article by LB Carlson.
Important topics include:
- Definition of sales tax nexus
- For most states, sales tax nexus laws apply when you exceed the revenue or transaction limitation during the prior or current calendar year.
- In most cases, even exempt sales count towards the threshold requirements.
- States have adopted this new nexus standard ranging in dates from July 1, 2018 to January 1, 2020.
