Economic Nexus Compliance for 2019

Last Updated on August 9, 2019

On January 1, 2019, another five states will have fully-enforceable economic nexus provisions in place, totaling 32 states where remote sellers may need to register for sales tax. While many states prescribe to similar thresholds for economic nexus via gross sales data and number of transactions per year, remote sellers must also contend with other types of nexus: marketplace, click-through, cookie, and use tax reporting provisions.

TaxMatrix can remedy your “nexus nightmare” by performing a Wayfair Exposure Analysis which not only reviews sales data for economic nexus, but other nexus triggers, along with taxability applications and a phone consultation.

TaxMatrix can also file the necessary State and Local Registrations for a nominal fee per registration. FBA (Fulfillment by Amazon) Sellers may not only be looking at state registrations; instead, in many cases, a Voluntary Disclosure Agreement (VDA) may be the only option. TaxMatrix can file VDAs with different states on behalf of clients and work to reduce the look-back period for taxes, along with abating penalty.

As the New Year approaches, sales tax compliance is an absolute necessity for remote sellers as states look to add millions of dollars in new tax revenue. If you are interested in a free phone consultation on solving your nexus compliance issues, email us at nexus@taxmatrix.com.

TaxMatrix helps medium to Fortune 500 companies manage state and local tax complexity, specifically sales and use audit defense, recovery, and compliance.