What is the Future of Nexus?
February 21, 2020
Knowing your Nexus tax exposure can save you a lot of time, grief and money.
Transcript
Once you start filing for sales tax, if you're not falling for other taxes such as income taxes, it may raise a red flag with the state. Accordingly, you need to consider not just your sales tax footprint, but where you're filing things such as income taxes and franchise taxes as well. You're going to have an increased exposure from having increased sales tax Nexus. It's also important to keep in mind that as your Nexus exposure increases for sales tax, it may increase for things like income tax. Right now, those thresholds are set at $100,000 and 200 transactions. One question is, how long until states become more aggressive again and start to lower those thresholds?
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