Sales tax obligation tracking

Best practices for tracking obligations: - Build a nexus matrix to track physical presence, inventory, employees, affiliates, and economic thresholds per state. - Use rolling 12-month or calendar-year calculations per state rule; set alerts when approaching thresholds. - Centralize exemption certificate collection and verification (e.g., use certificate-management tools). - Automate tax calculation, filing, and returns with reputable providers (Avalara, TaxJar, TaxCloud, Vertex, Sovos) and reconcile tax collected vs. remitted. - Maintain a compliance calendar (registration dates, filing due dates, renewal deadlines) and a process for voluntary disclosures/registration if back-tax exposure exists. - Monitor legislative updates (state DO R sites, MTC, SSTGB) and marketplace changes.

Best practices for tracking obligations:

- Use rolling 12-month or calendar-year calculations per state rule; set alerts when approaching thresholds.

• Build a nexus matrix to track physical presence, inventory, employees, affiliates, and economic thresholds per state.
• Centralize exemption certificate collection and verification (e.g., use certificate-management tools).
• Automate tax calculation, filing, and returns with reputable providers (Avalara, TaxJar, TaxCloud, Vertex, Sovos) and reconcile tax collected vs. remitted.
• Maintain a compliance calendar (registration dates, filing due dates, renewal deadlines) and a process for voluntary disclosures/registration if back-tax exposure exists.
• Monitor legislative updates (state DO R sites, MTC, SSTGB) and marketplace changes.