Economic Nexus Variables and Thresholds Explained
Your Nexus Footprint Drives Liability
Managing resale and tax exemption certificates correctly across several states is getting increasingly more difficult. Each state maintains individual rules, expiration dates, and other factors to be aware of.
However, utilizing resale and tax exemption certificates accurately does provide for significant advantages, which in most cases outweigh the complexity of issuing or accepting tax certificates.
Your individual Nexus footprint dictates the scope of your tax liability, and you should ensure to be always clear what exactly is required of you and your customers.
Accept the Challenge
To stay compliant with the variety of economic nexus laws across states is an ongoing task and challenge. There are literally hundreds of forms to be aware of and complex rules to understand, digest and to apply correctly.
Knowing of applicable variables and thresholds pertaining to exemption handling is the first step in ensuring that your tax-exempt transactions are accurate and ultimately compliant for future audits.
Accept the challenge by tackling your potential Economic nexus footprint and make your way through all qualifying factors.
Deploy Your Accurate Nexus Footprint
EXEMPTAX support your business to handle your exemption and resale certificates from A to Z.
The below guidelines will help you to understand and deploy your correct Nexus footprint. Simply utilize our easy-to-follow state by state summary of all applicable variables and thresholds to gauge where exactly you qualify for Nexus and.