Sales Tax Compliance
It’s been a challenge for businesses across the country to manage sales tax compliance ever since the South Dakota v. Wayfair decision. Today, there are different sales tax laws in almost every state as well as hundreds of local jurisdictions. And sales tax rates are constantly changing.
Our team of professionals can help give you peace of mind that comes with minimizing your business sales tax burden as well as risk.
Especially Barnes Dennig’s team of state and local tax professionals.
If your business is growing, you may also be growing sales tax liability in other states – and the penalties add up fast. Take the 2-minute QuickTest.
About South Dakota v. Wayfair
This 2018 court case established a law saying that sellers in one state that meet another state’s economic presence threshold (typically $100,000 in sales) must register, collect, and remit sales tax by that state’s economic nexus effective date.
If your company didn’t start charging sales tax when your state’s economic nexus legislation took effect, you could be liable for the unpaid sales tax in every state where you exceeded the economic nexus sales threshold.
Get your sales taxes right the first time around
Barnes Dennig’s sales tax experts partner with your business to advise on sales tax analysis, reduce risk, and handle your sales tax compliance. We can help your business growth plans by removing compliance tasks from your employees, so they can focus on generating revenue.
When you make Barnes Dennig’s tax team your own, you’ll know you’re taxing your customers properly and reporting in the right jurisdictions. Our professionals stay up-to-the-minute on sales tax laws, so you’ll avoid fees and penalties or assessments for uncollected sales tax. That boosts your bottom line. And because sales tax compliance makes RFPs more competitive, you can feel confident about your company’s future.
What businesses need to be concerned about sales tax compliance
The list is longer than you might expect. Our team of sales tax compliance pros helps businesses that:
- Do business in multiple states
- Have multiple lines of business or affiliates doing business in multiple states
- Sell online or via a catalog
- Have rapid growth and need advisory on state sales tax nexus and filing requirements
- Manage a large number of SKUs or transactions
- Work with exempt products, services, or customers
- Have experienced a costly audit
- Have prior period sales tax obligations for overlooked filing requirements and are interested in voluntary disclosure programs to reduce tax exposure
- File sales tax in complicated states like AZ, CA, CO, KS, IL, LA, MN, NY, TN, TX, WA
- Have a foreign parent company doing business in the USA
Business activities that can trigger sales tax nexus
Even if sales tax compliance hasn’t been an issue in the past, here are some surprising activities that can trigger sales tax nexus:
- Bidding on new customer work in a new footprint
- Changing or upgrading ERP systems
- Integrating systems
- Planning a merger or acquisition
- Performing Sales Tax Due Diligence for a business sale/acquisition
- Adding a new location or warehouse
- Managing remote employees
- Attending multiple trade shows
Sales Tax Compliance Services
Barnes Dennig’s sales tax management services:
- Avalara sales tax software and compliance management services
- Nexus evaluation
- Taxable or exempt sales analysis
- State sales tax account registrations
- Sales tax return preparation and filing
- Exemption certificate advisory management
- Assistance with audit defense and notices
Common state and local tax compliance issues – and how to avoid them
In this short video, Barnes Dennig Sales Tax Compliance pros Cheryl Ganim and Ryan Lauer dig into common sales tax compliance issues – and how to make sure you’re in compliance. It’s a lot more than just e-commerce:
Can’t watch the video? Download the transcript.
Why work with Barnes Dennig?
There’s no company quite like yours. Barnes Denning understands that, and it shows in everything we do.
We have the tax experience and industry insights to manage your complicated sales tax burden. Barnes Dennig professionals are adept at crunching numbers. But we’re even better at seeing beyond the numbers. That means getting to know you as well as your business. Transforming numbers into insights and strategies you can use. Being responsive. Becoming a long-term ally and catalyst for your ongoing success.
Sales tax management is just the beginning.
Want to get started ASAP?
