Economic nexus refers to the connection a seller must have with a US state before being obligated to collect sales tax. Online sales can create this nexus, as ruled by the Supreme Court in the South Dakota v. Wayfair case. Each state sets its own economic nexus threshold based on sales volume or transaction count. Wyoming and Indiana recently revised their thresholds. Fonoa offers tax technology solutions to help businesses navigate sales and use tax complexities.
Source Fonoa
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