It Depends: A Sales Tax Podcast by TaxConnex

Managing your sales and use tax obligations is not a small task. Ensuring you have the right people and processes in place is key to maintaining compliance and not putting yourself or your business at risk. Every business is different and has unique needs so it's important to know when you should start your journey to sales tax compliance. In this episode, we discuss all the steps involved in setting up a proper sales tax compliance process and give you a better understanding of how long it will take your business to fully implement a seamless solution.

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

Tax and regulatory compliance can be a complex and daunting task for any business, but some of the most difficult to understand are the telecom and VoIP industries.  There are various taxes and regulatory fees including communication services taxes, utility users’ tax, E911 fees, Federal Excise Tax, right of way fees, USF, and more. But often telecom and VoIP businesses fall into a trap of believing they don’t actually have an obligation. These misconceptions can cause a lot of confusion and in the end, costly errors for your business. Listen now as Jeff and Brian discuss the common misconceptions growing telecom and VoIP businesses encounter related to their tax and regulatory obligations.

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

Failure to comply with the applicable sales tax rules can have a devastating effect on your business. Listen to this episode now as we discuss how to determine your level of risk and exposure, as well as tools and procedures to potentially reduce your taxes owed and penalties. We’ll cover:

• Nexus and taxability
• What’s at stake
• Remediating past exposure
• Managing audits
• And more!

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

As your business grows, so could your sales and use tax obligations. Businesses face all sorts of challenges as they grow, but one that is often overlooked is their sales tax obligations. As your business expands into new areas or new products and services, your sales tax obligation could be growing with you. If you don’t have the right steps in place to manage and track your sales tax, then you could be at risk for hefty penalties and fees. In this episode, we look at 5 challenges facing growing businesses when it relates to sales tax.

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

Selling through multiple channels can greatly impact your sales tax obligations. Without knowing how different channels can impact your footprint, you could be putting yourself at risk for non-compliance. No longer is direct sales the majority way of selling; businesses are often selling through multiple channels, and each is often managed differently for sales tax purposes. 

In this episode, we look at three specific channels – direct, through a marketplace, and invoiced sales – and discuss their potential impacts on your sales tax obligations and any nuances you will need to navigate to maintain compliance when selling through any combination of these channels. 

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

Failure to comply with the applicable sales tax rules can have a devastating effect on your business.  Particularly if you or one of your clients will be going through a merger or acquisition. Listen now to understand how sales tax can impact the standings of your M&A.

We'll cover:

- How to identify sales tax nexus in the context of "Wayfair"
- The taxability of products/services
- Estimating sales tax exposure
- Evaluating mitigation options
- Compliance in the future

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

For many businesses, an audit is one of the most intimidating things that can happen. But the reality is, thousands of businesses are audited each year, sometimes for no reason at all. Join us as we discuss how to manage the sales tax audit process and learn a few things to keep in your back pocket, just in case you find yourself in the hot seat.  

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

Technology companies, including software, digital services and goods, SaaS, and more, have always had challenges related to managing sales tax, one of the biggest being understanding what is actually taxable and where. The taxability and even the definition of digital goods and services is something that differs from state to state and not easy to keep up with. Listen to this episode as we dive into the complexities of taxation of digital goods.

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

Once your business establishes nexus and you’ve ensured your products and/or services are taxable, you become responsible for collecting and remitting sales tax. That'd be pretty straightforward if it weren't for the 10,000+ taxing jurisdictions across the US that you have to keep up with. 

If you have a sales tax obligation and are not collecting and remitting sales tax, you could be at risk for hefty penalties and fees. Even if it’s an honest mistake, it could be a costly one.  In this podcast we will look at the ways you can get caught, how it may not be just your business at risk and some of the repercussions to being caught not being in compliance. 

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/

Sales tax can be complicated if you don't understand what needs to be determined first. You will need to determine where you have nexus, what products/services are taxable, when to register for a sales tax permit, how to manage ongoing sales tax compliance, and much more. Luckily for you, we are experts when it comes to all these factors. In this episode, Brian and Jeff explain the fundamentals of sales tax so you can understand what is required of you to comply with state and local sales tax.

They discuss:

• Estimating and mitigating prior period sales tax exposure
• Establishing a compliance process for sales tax
• Managing ongoing requirements for sales tax compliance

And if you enjoy this podcast, be sure to subscribe and leave us a review!

Brian - Chief Revenue Officer, Partner at TaxConnex
https://www.linkedin.com/in/brian-greer-55b7364/
Jeff - Consulting Practice Leader, Partner at TaxConnex
https://www.linkedin.com/in/jeffrey-meigs-14a76521/

https://www.taxconnex.com/