Get Going In Business

Are you an LLC with clients outside the state you reside in? If yes, you may have to pay sales tax in every state you conduct business. In a previous episode, we talked about sales tax on tangible goods and today we transition into what the law says for businesses that don’t sell physical goods. We continue our conversation with Derrick Winke of Wink Tax Services, a firm located in Troy, just outside of Detroit, Michigan. In his line of work, Derrick focuses primarily on tax returns for individuals and small businesses. Click here to find more information on our website. Business Sales Tax - Key Points Not all states apply sales tax to digital products and services. Whether or not you collect sales tax on intangible goods is not always affected by where you choose to operate from. Understanding the legal concept of Nexus when it comes to doing business. There is always the possibility that the State will eventually go after third-party record-keepers, to require them to report information. If yo