UPDATED eCommerce Sales Tax: When Do Sellers Need to Collect?

Understanding where you need to collect sales tax for online sales is COMPLICATED! But staying compliant is super important in protecting your ecommerce business from huge amounts of unpaid sales tax that states may eventually come after you for, and the associated late penalties.
In this video, we break down the crucial concept of Nexus and its impact on sales tax obligations for e-commerce businesses. Learn how physical presence and economic factors determine when you should start collecting sales tax.
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[@LedgerGurus]

If you need help with your online US sales tax, talk to us. We have a whole team that specializes in this! ledgergurus.com/ecommerce-accounting-services/sales-tax/

[@ethanshockley]

So when can I start collecting sales tax in the state I have a physical presence? Is it after I have submitted and been approved with the state? Do I need to stop selling until then?

[@LedgerGurus]

I would suggest you schedule a sales tax consultation because it looks like you have several questions that are better answered by our experts. calendly.com/ledgergurus-sales-tax/?KZbin&

[@lorearco4013]

Hello. I registered my LLC in New Mexico and when I opened my shoppify account and web page it charges taxes ( at this moment is just a trial) when I enter a New Mexico address, I have been told there is no threshold in the home state, in this case where I registered the LLC, so I need to apply for a Sellers Permit to collect and file sales taxes from sales made in NM, but I havent even sold a single item to that state and I have to file even if I sold $0 which is costly because I have to pay someone to do it for me, any ideas of what I could do?....🥺

[@LedgerGurus]

Well, it's not that difficult to do it yourself. Here's a link to a video that will show you how. It's not specific to NM, but the principle is the same. kzbin.info/www/bejne/iWiYnqWXfNWfm6c