Sales Tax Compliance | Financial Management
Economic Nexus
An obligation to collect starts the moment your activity in a state passes what that state decided was enough. Nothing arrives to mark the occasion. Sales are measured against each state as they happen, so the first time you hear about it is from your own books rather than from a notice with interest attached.
What it does
Inside Economic Nexus.
Connect your books, free. Activity is measured per state against your real invoices, and the states you are close to come to the top.
01
Per-state measurement
02
Approach warning
03
Crossing record
04
Marketplace split
05
Physical presence flags
06
Entity view
Where it sits
Part of Sales Tax Compliance.
Audit Pack Source invoices, exemption certificates as they stood on the sale date, taxability decisions and sign-off, packaged per state and per period for a state audit. Exemption Certificates Exemption and resale certificates held against the customer with their expiry. Filing Calendar Every sales tax obligation tracked per state and per entity at the frequency that state assigned, with a named owner and status rather than a shared reminder. Filing Returns Sales tax returns drafted per state from the invoices behind them. Marketplace Facilitator Sales a marketplace already taxed, reconciled to your books. Nexus Monitoring Registered, approaching and out of scope, per state, updated from your invoices. State Registration Where you are registered for sales tax, under which account number, from which date and at which filing frequency. Tax Engine Integration Keep Avalara or TaxJar for rate determination. The result posts back against the invoice, the customer and the period, so your books hold the evidence. Taxability and Sourcing Whether an item is taxable in a state, and which state the sale is sourced to, decided when the invoice is raised, with the rule applied recorded on the line. Use Tax Consumer use tax accrued when the bill is captured, not reconstructed at year end.
Run Economic Nexus against your books.
A working session on your structure and a month of your documents.