Ep. 13 - Sales Tax Nexus, Common Mistakes

The eCommerce Money Map Podcast

In this episode of the eCommerce Money Map, Salim and our guest expounds on one important matter in eCommerce called Sale tax. This is a complicated topic that Salim has seen his clients being confused about. Today, Salim and our guest simplifies this concept so that it may be beneficial for your eCommerce business. If you are interested in Sales tax, then this is the episode for you! Salim’s Sales tax pocket guide is readily available on the website! Don’t forget to check out his website.

[00:01 - 20:18] Opening Segment

• Welcome to the show!
• I introduce the topic for today’s show
• To whom is this episode relevant for

[20:19 - 14:14] eCommerce business owners should pay attention to this

• Why is sales tax important as an eCommerce business
• Taking away from profit when it should not have
• Brief History and Overview of Nexus
• Economic and Physical Nexus
  • Things we overlook about these matters

[14:15 - 16:36] Closing Segment

• A recap of today’s episode
• Connect with me and our guest in the links below
• Final Words

Tweetable Quotes

"If they don’t collect sales tax, the business becomes liable to pay the tax.” - Salim Omar

"What could have been a $5,000 collected from your customers now becomes a $10,000 cost to your business for not taking sales tax nexus seriously.” - Guest

------------------------------------------------------------------------

If you’d like to hear more episodes, you can find them at www.ecommercemoneymap.com, or on your favorite podcast directory. Don’t forget to like, subscribe, and leave us a review!

If you want to learn more about the eCommerce Accounting Hub, visit www.ecommerceaccountinghub.com

Thanks for tuning in; we’ll see you next time!