To date, 34 states have already adopted some form of Wayfair nexus. We expect the remaining 12 to follow suit soon. Any entity with an online presence should be paying attention to this, especially those selling tangible items. Each state varies to some degree on the economic nexus thresholds but many are revenue of $100,000 or 200 transactions. The revenue is gross revenue in most cases, not taxable revenue. It's somewhat of a two-step process to evaluate; 1. Are the nexus thresholds being exceeded, and 2. Are the sales taxable. Based on this analysis, a company can determine where they should register and begin collecting and remitting sales tax. I am happy to discuss the nuances in more detail with anyone that wants to spend a few minutes on it. We have done numerous analysis for nexus, taxability and can assist with registrations and compliance solutions also.
Senior Tax Manager | Moss Adams
State and Local Tax
13727 Noel Rd, Ste 300
Dallas, Texas 75240
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